Apartment Acquisitions · Virginia Beach
Sell Your Commercial Property In Virginia Beach, VA
We are an active buyer of Virginia Beach commercial rental properties with five or more units, whether the building is fully leased, half vacant, or overdue for renovation.
- 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: Town Center · Hilltop · Kempsville · the Oceanfront
Local Demand
Our View On Virginia Beach
Virginia Beach, VA is the most populous place in Virginia, with 456,349 residents in ACS 2020-2024, and it is an independent city with no county layer. Renters hold 34.9% of occupied homes and pay a median $1,714 a month, per the Census Bureau. To sell commercial property in Virginia Beach, VA, owners start from the FY2027 real estate rate of $0.97 per $100.
Two Navy installations, Sentara Virginia Beach General Hospital and Oceanfront tourism anchor rental demand. Skyline Capital Investments buys 5+ unit buildings, so owners can sell multifamily property in Virginia Beach without listing.
Navy installations
NAS Oceana has about 10,500 active-duty Navy personnel; JEB Little Creek-Fort Story counts 14,170 military personnel, per Military OneSource.Sentara Virginia Beach General
Sentara lists 273 beds at Virginia Beach General Hospital, which serves the city, the Eastern Shore and northeastern North Carolina.Oceanfront tourism
Virginia Beach drew 14.3 million visitors in 2024, sustaining 34,076 jobs, per a November 2025 city release.Our Buy Box
What We Buy In Virginia Beach
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
Virginia Beach Apartment Market
Figures gathered October 2026 from public market data.
Who rents in Virginia Beach
Renters occupy 34.9% of Virginia Beach's 179,851 occupied homes, per ACS 2020-2024 tenure data. The Virginia share is 32.7%. Buildings with five or more units hold 19.9% of the city's 191,294 housing units, per units-in-structure table B25024.
Only 39.7% of Virginia Beach units were built before 1980, and the median build year is 1984, per year-built table B25034.
Rents and affordability in Virginia Beach
Median gross rent in Virginia Beach was $1,714 a month in ACS 2020-2024, per table B25064. That is $135 above the $1,579 Virginia median. Rent took 30% or more of income for 51.4% of renter households, per table B25070.
HUD FY2027 fair market rents for the Virginia Beach-Norfolk-Newport News, VA-NC HUD Metro FMR Area took effect October 1, 2026.
| Unit size | HUD FY2027 FMR |
|---|---|
| Efficiency | $1,470 |
| One bedroom | $1,488 |
| Two bedroom | $1,667 |
| Three bedroom | $2,298 |
| Four bedroom | $2,710 |
Property taxes in Virginia Beach
Virginia Beach taxes real estate at $0.97 per $100 of assessed value for FY2027, per the City Assessor tax rate page. Assessments run at 100% of fair market value, as § 58.1-3201 requires. Special service districts carry higher listed rates, including $1.42 in Central Business District South and $0.98 in Sandbridge.
A $2,000,000 assessment owes $19,400 a year at $0.97, or $28,400 at the $1.42 district rate. Owners who sell commercial property in Virginia Beach, VA pay $2,000 grantor tax under § 58.1-802. The deed also carries $5,000 state recordation tax under § 58.1-801.
Landlord rules in Virginia Beach
Virginia caps security deposits at two months' rent, with an itemized return due within 45 days, under § 55.1-1226. Unpaid rent requires a 14-day written notice before termination, under § 55.1-1245.
Section 55.1-1201 says the Virginia Residential Landlord and Tenant Act supersedes local ordinances on landlord and tenant relations. Owners who sell commercial real estate in Virginia Beach, VA transfer leases written under that state act.
What it means for an owner
Virginia Beach's rental vacancy rate was 5.2% in ACS 2020-2024, per housing profile DP04, against 4.8% statewide. The 1984 median build year in Virginia Beach matches the Virginia figure.
To sell commercial property in Virginia Beach, VA, start with a rent roll and a trailing 12-month statement. Test value with our cap rate calculator. Skyline Capital Investments buys 5+ unit buildings; to sell your apartment building in Virginia Beach, see how we buy apartment buildings.
Local Knowledge
Pricing Your Building In Virginia Beach
More about selling in Virginia →Investing in Virginia Beach? See apartment syndications in Virginia Beach →
- A $2 million Virginia Beach assessment owes $19,400 a year at the FY2027 $0.97 rate.
- Sellers owe $2,000 grantor tax on a $2M deed to sell commercial real estate in Virginia Beach, VA.
- Virginia Beach median household income was $92,968 in ACS 2020-2024, near the $93,170 Virginia figure.
Seller Guides
Selling A Building In Virginia Beach
Learn More
Taxes & Rules For Virginia Beach Property
The Virginia rules that shape any deal in Virginia Beach: what a sale costs in tax, how buildings are taxed, what landlords must follow, and how to defer gains.
Virginia Beach Seller FAQ
What should I prepare to sell commercial property in Virginia Beach, VA?
Buyers start with a rent roll, a trailing 12-month operating statement and current city tax bills. For selling commercial property in Virginia Beach, add lease copies and a list of recent capital work so a buyer can price a 5+ unit building quickly.
What deed taxes apply when I sell commercial real estate in Virginia Beach, VA?
Va. Code section 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 comes to $5,000 on the same deed.
How much are property taxes on a Virginia Beach apartment building?
Virginia Beach's FY2027 general rate is $0.97 per $100 of assessed value, at 100% of fair market value, per the City Assessor. A $2 million building owes $19,400 a year, or $28,400 in a special service district listed at $1.42.
Can Virginia Beach pass its own landlord-tenant rules?
Va. Code section 55.1-1201 says the Virginia Residential Landlord and Tenant Act supersedes local ordinances on landlord and tenant relations. Virginia Beach leases follow the statewide two-month deposit cap, 45-day deposit accounting and 14-day nonpayment notice.
How do Virginia Beach rents compare with HUD fair market rents?
Median gross rent in Virginia Beach was $1,714 a month in ACS 2020-2024. HUD's FY2027 two-bedroom fair market rent for the Virginia Beach-Norfolk-Newport News metro area is $1,667, effective October 1, 2026. Rental vacancy stood at 5.2%.
Do I need to fix up my Virginia Beach building before selling?
No. We price in deferred maintenance, vacancy, and below-market rents ourselves, so you can sell the property as it stands.
How does a sale to you work in Virginia?
Send the address, unit count, and any financials. We give feedback, then a written letter of intent if it fits, followed by diligence and a closing date that works for you.
Who buys occupied rental property in Virginia Beach?
We do. Skyline Capital Investments is a commercial real estate buyer of 5+ unit multifamily, and we buy apartment buildings with tenants in place, including properties with below-market rents.
How fast can I sell my apartment building in Virginia Beach?
Most owners get clear feedback within 48 hours of sending the address, unit count, and a rent roll. Closing is typically set around your timeline, including extra time for a 1031 exchange.
Submit A Deal
Tell Us About Your Property In Virginia Beach
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