Apartment Acquisitions · Hampton
Sell Your Commercial Property In Hampton, VA
Skyline Capital Investments buys commercial apartment buildings of 5+ units in Hampton and across Virginia — listed or off-market, stabilized or value-add. Get clear feedback on your deal, typically within 48 hours.
- Clear feedback on your deal, typically within 48 hours
- 5 to 100+ units, stabilized or distressed, listed or off-market
- Owners, agents, and brokers welcome — every conversation is confidential
We buy:Tired landlordsEstate & trust sales1031 exchangesDeferred maintenanceHigh vacancyPartnership splits
Neighborhoods & Nearby Towns: Phoebus · Downtown Hampton · Fox Hill · Coliseum Central
Local Demand
Our View On Hampton
Hampton, VA is an independent city of 137,557 residents in ACS 2020-2024, so city figures stand in for a county. Renters hold 43.1% of occupied homes and pay a median $1,427 a month. Owners who plan to sell commercial property in Hampton, VA face a fiscal 2027 rate of $1.14 per $100.
Langley Air Force Base, NASA Langley and Sentara CarePlex anchor rental demand. Skyline Capital Investments buys 5+ unit buildings, so owners can sell multifamily property in Hampton directly.
NASA Langley Research Center
NASA says Langley employs about 3,400 civil servants and contractors across nearly 200 facilities on 764 acres in Hampton.Joint Base Langley-Eustis
JBLE, with Langley in Hampton and Eustis in Newport News, counted 20,884 military and civilian personnel in FY2024.Sentara CarePlex Hospital
Sentara CarePlex is a 224-bed acute care hospital at 3000 Coliseum Drive in Hampton.Our Buy Box
What We Buy In Hampton
Asset Type
Multifamily, 5+ Units
Apartment buildings and income-producing residential.
Size
5 – 100+ Units
Sweet spot: 15–25 units.
Condition
Stabilized To Distressed
Value-add, mismanaged, and high-vacancy properties welcome.
Deal Types
Listed Or Off-Market
Direct-to-owner, pocket listings, portfolios.
Local Market Data
Hampton Apartment Market
Figures gathered October 2026 from public market data.
Who rents in Hampton
Renters occupy 43.1% of Hampton homes, or 25,011 households, in ACS 2020-2024 tenure data. Virginia's renter share is 32.7%. Buildings with 5+ units hold 21.5% of Hampton housing, or 13,452 units (units in structure).
The median Hampton home was built in 1974. Units built before 1980 make up 56.9% of the stock, against 43.5% statewide (ACS year built).
Rents and affordability
Median gross rent in Hampton was $1,427 a month in ACS 2020-2024, below Virginia's $1,579. Median household income was $69,621 (ACS B19013). Rental vacancy was 6.3%, per the DP04 housing profile.
In Hampton, 55.2% of renter households pay 30% or more of income on rent (ACS B25070).
| Unit size | HUD FY2027 FMR |
|---|---|
| Efficiency | $1,470 |
| One bedroom | $1,488 |
| Two bedroom | $1,667 |
| Three bedroom | $2,298 |
| Four bedroom | $2,710 |
These HUD FY2027 fair market rents apply to the Virginia Beach-Norfolk-Newport News, VA-NC HUD Metro FMR Area.
Property taxes in Hampton
Hampton kept its real estate rate at $1.14 per $100 for fiscal 2027, per the City Council budget vote and the adopted tax and fee schedule. Va. Code § 58.1-3201 sets assessment at 100 percent of fair market value.
A $2,000,000 Hampton assessment owes $22,800 a year at $1.14. To sell commercial property in Hampton, VA, the grantor pays $2,000 under § 58.1-802. State recordation tax adds $5,000 (§ 58.1-801), and § 58.1-3800 lets cities add one-third of that, or $1,667.
Landlord rules
Va. Code § 55.1-1201 makes the state landlord-tenant act supersede local landlord-tenant ordinances. Deposits are capped at two months' rent and itemized within 45 days (§ 55.1-1226). Unpaid rent requires a 14-day written notice (§ 55.1-1245).
Hampton's rental inspection ordinance covers eight districts, including North Phoebus, South Phoebus and Olde Hampton. Owners who sell commercial real estate in Hampton, VA should know whether a building sits inside one.
What it means for an owner
Hampton combines a $1.14 rate with older stock and steady federal demand. Buyers will price in capital needs on pre-1980 buildings.
Owners ready to sell commercial property in Hampton, VA can test pricing with our cap rate calculator. Skyline Capital Investments buys 5+ unit apartment buildings, so you can sell your apartment building in Hampton directly.
Local Knowledge
What Shapes A Hampton Offer
More about selling in Virginia →Investing in Hampton? See apartment syndications in Hampton →
- A $2 million Hampton assessment owes $22,800 a year at the fiscal 2027 $1.14 rate.
- Grantor tax is $2,000 on a $2 million deed to sell commercial real estate in Hampton, VA.
- Hampton median household income was $69,621 in ACS 2020-2024, against $93,170 statewide.
Seller Guides
Selling A Building In Hampton
Learn More
Taxes & Rules For Hampton Property
The Virginia rules that shape any deal in Hampton: what a sale costs in tax, how buildings are taxed, what landlords must follow, and how to defer gains.
Hampton Seller FAQ
What do buyers ask for when I sell commercial property in Hampton, VA?
Buyers start with a rent roll, a trailing 12-month operating statement and current Hampton tax bills. Selling commercial property in Hampton goes faster when deposit records are complete, since Virginia requires itemized accounting within 45 days.
What transfer taxes apply when I sell commercial real estate in Hampton, VA?
Va. Code § 58.1-802 sets grantor tax at 50 cents per $500, or $2,000 on a $2 million sale. Section 58.1-801 adds state recordation tax of 25 cents per $100, which is $5,000 on the same deed.
How much are property taxes on a Hampton apartment building?
Hampton levies $1.14 per $100 of assessed value for fiscal 2027, unchanged from the prior year. Virginia assesses at 100 percent of fair market value, so a building assessed at $2 million owes $22,800 a year.
Does Hampton require rental inspections?
Yes, in set areas. Hampton has a rental inspection ordinance covering eight districts, with neighborhoods such as Fordham, Sussex and Shell Road Corridor. Owners there complete a rental inspection notification form and allow periodic interior inspections.
How do Hampton rents compare with HUD fair market rents?
HUD set the FY2027 two-bedroom fair market rent at $1,667 for the Virginia Beach-Norfolk-Newport News metro area. That is $240 above the $1,427 Hampton median gross rent in ACS 2020-2024. The one-bedroom figure is $1,488.
Do I need to fix up my Hampton building before selling?
No. We price in deferred maintenance, vacancy, and below-market rents ourselves, so you can sell the property as it stands.
Can I sell my Hampton apartment building off-market?
Yes. We work directly with owners and through listing agents. Off-market conversations are confidential, and we coordinate tours so tenants and staff are not disrupted.
Can I sell rental property in Hampton with tenants in place?
Yes. We buy apartment buildings with tenants in place and keep existing leases intact. As a commercial real estate buyer focused on 5+ unit properties, we underwrite the current rent roll as it stands.
What do I need to sell my apartment building in Hampton?
An address and unit count are enough to start. A current rent roll and trailing twelve-month statement let us move to a written offer faster.
Submit A Deal
Tell Us About Your Property In Hampton
Tell us about it. Owners, agents, brokers, and deal finders are all welcome — conversations are confidential.
