Norfolk Homes under $500,000

Welcome to Norfolk, Virginia—a vibrant city where history meets modern living! Nestled along the picturesque shores of the Chesapeake Bay, Norfolk is a dynamic hub known for its rich maritime heritage, thriving arts scene, and diverse culinary offerings. With a population that embraces both tradition and innovation, this city is a wonderful place to call home.

Norfolk boasts an array of neighborhoods, each with its own unique charm. From the historic streets of Ghent, lined with stunning early 20th-century architecture, to the bustling waterfront of Downtown, there’s a perfect spot for everyone. The city is also home to several parks and waterfront areas, offering residents ample opportunities for outdoor activities and relaxation.

For those seeking a home in Norfolk, you’ll be delighted to discover a variety of options available for under $500,000. Whether you’re a first-time homebuyer, a growing family, or looking to downsize, Norfolk’s real estate market provides a range of charming single-family homes, cozy townhouses, and modern condos that fit your budget without sacrificing quality or style.

Imagine sipping your morning coffee on a sunlit porch or hosting friends in a spacious backyard—Norfolk’s homes offer the perfect backdrop for creating lasting memories. With excellent schools, convenient access to major highways, and a strong sense of community, Norfolk is not just a place to live; it’s a place to thrive. Explore the possibilities today and discover why so many are choosing to make Norfolk their home!

Newest Norfolk Homes under $500,000

$275,000

3 Beds ⋅ 1 Baths ⋅ 10656414 MLS

Welcome to 1531 W. 41st Street, where timeless charm, thoughtful updates, and an incredible sense of community come together. This move-in ready Norfolk home features a newer HVAC system, water heater, and electrical panel, giving you peace of mind from day one. Whether you’re searching for your first home, a low-maintenance investment property, or a home near Old Dominion University (ODU), you’ll appreciate the unbeatable location just minutes from Ghent, EVMS, Downtown Norfolk, Naval Station Norfolk, Sentara Norfolk General, shopping, dining, parks, and major interstates. Situated on a quiet one-way street with plentiful parking, this is a place where neighbors still know one another. In fact, one neighbor has proudly called this street home for 55 years and was born just a few blocks away—a rare testament to the pride, stability, and community. If you see my friend to the left, tell her Christina says Hi! Owner/Agent "Your Story. Your Home. My Mission."

1531 W 41st Street, Norfolk

$394,900

4 Beds ⋅ 2 Baths ⋅ 10656411 MLS

Freshly painted and ready for you! This beautiful 2 story home offers new carpet, new lighting, updated kitchen, updated bathrooms, real wood floors, screened in back porch, deck, and very spacious back yard. You will love this home!

8200 Wedgewood Drive, Norfolk

$345,000

4 Beds ⋅ 3 Baths ⋅ 10656405 MLS

New Construction home which can be completed 120 days from date of a ratified contract. This is a spacious 4 bedroom/3 bath home with an open concept floor plan. There is luxury vinyl plank (LVP)flooring through out house. Kitchen and baths have granite counter tops. Builder purchases and installs stainless appliances. Laundry is on first level. Taxes to be determined. ***Photos are of a previously built similar home which is sold home. Floor plan and finishes may vary.***

1509 Tidewater Drive, Norfolk

$205,000

3 Beds ⋅ 1 Baths ⋅ 10656374 MLS

Charming cottage-style living meets modern updates in this inviting 3-bedroom, 1-bath home in Norfolk. From the moment you step inside, you'll appreciate the seamless flow between the living room, dining room, and kitchen, creating a bright and welcoming space great for everyday living and entertaining. Enjoy your morning coffee on the front porch or unwind in the evening on the back porch overlooking the fully fenced backyard—for pets, play, gardening, or gatherings. Full of character and comfort, this Norfolk home offers a blend of cozy charm and practical living. Don't miss the opportunity to make this home your own!

2931 Vimy Ridge Avenue, Norfolk

$389,999

4 Beds ⋅ 2.1 Baths ⋅ 10656388 MLS

Discover the perfect retreat right here in Norfolk! With over 2,000 square feet, 4 generously sized bedrooms and 2.5 bathrooms, this home has a balance of spacious comfort with effortless flow. The standout primary suite features double sinks and a large walk-in closet. An expansive eat-in kitchen opens seamlessly to the living areas, creating a great setting for casual daily living and memorable entertaining. Step outside to your private, fully fenced backyard where summer days unfold with effortless cookouts, lively celebrations and relaxing evenings. Conveniently positioned near Tidewater Drive with easy access throughout the 757, including downtown Norfolk’s vibrant waterfront, military bases and beaches. The Barraud Park is scheduled to safely reopen to the public by late fall 2026, following a $4.5 million revitalization funded by the American Rescue Plan Act. The highly anticipated revamp will include a play & fitness area, sport courts and facilities!

2513 Carona Avenue, Norfolk

$177,000

3 Beds ⋅ 1.1 Baths ⋅ 10656386 MLS

Property being sold "AS IS". Appliances convey "AS IS". Contents and debris in and on the property at settlement convey. Due diligence should be completed prior to submitting offer. No contingencies please. Property is being sold by a Conservator and, as a result, requires approval by a Commissioner of Accounts before any contract can be ratified.

7507 Pennington Road, Norfolk

$240,000

3 Beds ⋅ 2 Baths ⋅ 10656378 MLS

Live where others vacation! Discover the potential of this spacious 2-bedroom, 2-bath waterfront condo in Norfolk’s desirable Willoughby area, approximately 1,300 square feet of coastal living and direct beach access to Little Bay. Features cathedral ceilings, (no neighbors above) and a welcoming living area with fireplace, ready for your personal touch and creative vision. Offers generously sized bedrooms, sauna, additional space that could be a small bedroom, parking for 2, and storage unit. Enjoy peaceful mornings by the water, afternoons at the community pool, and beautiful sunsets over Little Bay. Conveniently located near Norfolk Naval Bases, Chesapeake Bay beaches, and major roadways. This waterfront condo offers a private dock for boats and fishing. Whether you're looking for a year-round home, a weekend getaway, a coastal retreat or an investment opportunity, the possibilities are yours to explore. Bring your imagination and make this gem shine.

833 Little Bay Avenue Unit H, Norfolk

$375,000

3 Beds ⋅ 2 Baths ⋅ 10656196 MLS

Completely renovated and ready to impress! This beautifully updated 3-bedroom, 1.5-bath home offers approximately 1,473 sq. ft. of refreshed living space while maintaining the character of an established Norfolk home. The renovation brings together modern finishes and everyday functionality, creating a move-in-ready opportunity with a fresh, updated feel throughout. Enjoy a spacious lot with a fenced backyard, deck, screened porch, and detached one-car garage with additional driveway parking. Located in the established Lafayette/Gowrie Park area, this home offers convenient access to local parks, dining, shopping, downtown Norfolk, the Elizabeth River Trail, and major Hampton Roads destinations. A turnkey opportunity with the updates already completed—schedule your showing and see everything 1723 Blair Ave has to offer!

1723 Blair Avenue, Norfolk

$275,000

3 Beds ⋅ 2 Baths ⋅ 10656097 MLS

INVESTOR & HANDYMAN SPECIAL! Looking for your next investment opportunity? This could be the one! Bring your vision, creativity, and toolbox and unlock the potential of this property. Conveniently located near major highways, shopping, malls, military bases, hospitals, dining, and more. Whether you’re looking for your next renovation project, rental property, or investment, don’t miss this opportunity. Schedule your showing today and bring your vision to life! As-Is Seller to do No Repairs.

424 Pepper Mill Lane, Norfolk

$499,900

3 Beds ⋅ 1.1 Baths ⋅ 10656315 MLS

Gorgeous & well cared for home in Larchmont ready for you to call home! Corner lot, right across from a park with limited traffic. Bright & inviting with refinished original hardwood flooring throughout. Oversized living room with wood burning fireplace attached to a light filled sunroom! Stained wood cabinetry with gas range, stainless appliances & pantry. Walk up attic for tons of easy to access storage. Fenced in backyard with mature trees for serenity & privacy. (Ask for a feature sheet for all of the upgrades!)

5803 Upper Brandon Place, Norfolk

$400,000

4 Beds ⋅ 3 Baths ⋅ 10656308 MLS

Welcome to this beautifully refreshed 4-bedroom, 3-bathroom home in the desirable Brandon Place subdivision of Norfolk! Step inside to discover fresh paint, new flooring, updated kitchen cabinets, and beautifully renovated bathrooms that give the home a clean, modern feel. With spacious living areas and four bedrooms, there’s plenty of room for everyday living, entertaining, or growing into the home. Ideally located in the heart of Norfolk, you’ll be just minutes from shopping, dining, entertainment, and major roadways. This move-in-ready home offers the perfect combination of comfort, style, and convenience—come see it for yourself before it’s gone!

5207 Norvella Avenue, Norfolk

9518 3rd Bay St Street Unit 113, Norfolk

$475,000

3 Beds ⋅ 3.1 Baths ⋅ 10656167 MLS

Every day is a vacay living on 3rd Bay!Beautiful 3 story waterfront beach house w/deep water access in a gated community. Private community dock with a waterfront sitting/fishing pier, kayak launch and your very own deeded boat slip! This home has been meticulously maintained and offers 3 bedrooms - each with its own private full bathroom—plus an office area w/a half bath in the main level living area. Bright open kitchen w/bar top, dining area, great room with a fireplace, and a beautiful second story deck perfect for quiet morning coffee, bird watching or social events. This home offers a garage with extended parking, ample storage throughout, walk-in closets, a deep under-staircase closet, and a huge laundry room. Stunning Bay Oaks Park and the Chesapeake Bay Beach are right across the street!

9518 3rd Bay St Street Unit 113, Norfolk

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Some listings may be duplicated in the search results due to the co-mingling of listings from more than one multiple listing service. Should there be different listing information between the duplicated listings; user is advised to verify the accuracy of the listing information before making any financial decisions.