Portsmouth Homes under $500,000

Welcome to Portsmouth, Virginia – a hidden gem nestled along the banks of the Elizabeth River. This vibrant city is rich in history, offering a unique blend of old-world charm and modern amenities. Known for its picturesque waterfront, Portsmouth boasts a thriving arts scene, a variety of dining options, and easy access to the bustling culture of nearby Norfolk. With its friendly atmosphere and community-oriented spirit, Portsmouth is the perfect place for families, young professionals, and retirees alike.

One of the most appealing aspects of Portsmouth is its affordability, particularly when it comes to housing. For those seeking a home under $500,000, you’ll find a diverse selection of properties that cater to various tastes and lifestyles. From quaint historic homes with character to contemporary townhouses and spacious family residences, there’s something for everyone in this charming city.

Imagine waking up in a beautifully renovated Victorian home, or enjoying the modern comforts of a new build, all while being just moments away from local parks, shops, and cultural attractions. Portsmouth's real estate market offers incredible value, making it an ideal choice for first-time homebuyers or those looking to invest in a growing community.

With its rich history, friendly neighborhoods, and affordable housing options, Portsmouth, VA, is more than just a place to live – it’s a place to thrive. Come explore the diverse homes available under $500,000 and discover the lifestyle that awaits you in this delightful city by the river!

Newest Portsmouth Homes under $500,000

$311,000

3 Beds ⋅ 2 Baths ⋅ 10656961 MLS

Case#541-747270 IN (Insurable) Subject to Appraisal. Property is Owned by the US Dept. of HUD. Seller makes no representations or warranties as to the property condition. HUD Homes are Sold "AS IS". Equal Housing Opportunity. Seller may contribute up to 3% for buyers closing costs upon, upon bid submission.

5125 Crabtree Place, Portsmouth

$237,000

2 Beds ⋅ 1 Baths ⋅ 10655948 MLS

Welcome to this charming brick ranch offering comfortable single-level living in Portsmouth! This 2-bedroom, 1-bath home features a functional floor plan with hardwood flooring and plenty of natural light. Situated on a spacious lot, the property offers ample outdoor space for relaxing, gardening, or entertaining. A detached garage provides additional parking, storage, or workspace options. Conveniently located with access to shopping, dining, major roadways, and other area amenities. Whether you're looking for a place to call home or an addition to your investment portfolio, this property offers plenty of possibilities. Schedule your showing today!

4809 Vick Street, Portsmouth

$325,000

5 Beds ⋅ 2.1 Baths ⋅ 10656882 MLS

Welcome to this spacious 5 bedroom, 2.5 bath home in Portsmouth offering approximately 2,866 square feet of living space. With 11 rooms throughout, the home provides a versatile layout with plenty of space for living, entertaining, working from home, or additional storage. The spacious backyard offers even more room to enjoy the property outdoors. With generous interior space, multiple bedrooms, and a flexible floor plan, this home offers a variety of possibilities to fit your needs. Conveniently located near shopping, dining, major roadways, and local amenities.

738 Douglas Avenue, Portsmouth

$250,000

3 Beds ⋅ 2 Baths ⋅ 10656863 MLS

Lovely updated 1261 sq ft, 3 bedroom, 2 bath bungalow with open, flowing floor plan. New roof, new privacy fence, new luxury vinyl plank flooring and fresh paint throughout. Updated bathrooms. New granite countertops in kitchen! Large privacy-fenced back yard with giant shed for lots of storage space! Side entrance with carport behind gated fence. Natural wide buffer strip and service road between homes and main road for easier access and safety. Note that third bedroom is smaller - great for private office, nursery, game room, etc. Near interstates & short commute to area military bases.

1237 Portsmouth Boulevard, Portsmouth

$285,000

3 Beds ⋅ 2.1 Baths ⋅ 10656721 MLS

Charming 3-bedroom, 2.5-bath home offering 1,592 sq ft in Portsmouth’s Prentis Park area. Situated on a corner lot, this two-story property features a welcoming covered front porch, classic exterior details, and established landscaping. The main level offers a functional layout with comfortable living spaces, while the upper level provides three bedrooms and two full baths. Enjoy outdoor living from the spacious rear deck overlooking the yard. Conveniently located in Portsmouth with easy access to nearby shopping, dining, parks, and major roadways. A great opportunity to own a home with character, outdoor space, and a desirable corner-lot setting.

2104 Chestnut Street, Portsmouth

$279,900

3 Beds ⋅ 1.1 Baths ⋅ 10656682 MLS

Freshly updated with two separate living areas and a sunroom, this Portsmouth ranch offers much more space than buyers expect. Inside, you'll find hardwood floors LVP, Fresh Paint Throughout. A spacious family room for gathering and entertaining, and a sunroom that provides additional living space for relaxing, working, or enjoying your morning coffee. The updated kitchen features new cabinets, new hardware, new countertops, and new fixtures, creating a fresh and inviting space for everyday living. Step outside to a spacious yard for entertaining, cookouts, gardening, or simply enjoying the outdoors. Conveniently located near shopping, dining, parks, and major commuter routes, this move-in-ready home is ready for its next owner. Don't miss your opportunity to make this one yours!

404 Eisenhower Circle, Portsmouth

$355,000

3 Beds ⋅ 2.1 Baths ⋅ 10656663 MLS

Welcome home to 3124 Sterling Way—a meticulously updated 1,896 sq ft sanctuary designed for effortless, main-level luxury living. As a coveted end unit, this home is filled with exceptional natural light, highlighting dramatic vaulted ceilings and a cozy gas fireplace with an elegant custom marble surround. At the heart of the home, the fully transformed kitchen boasts pristine quartz countertops, a tiled backsplash, custom cabinetry, a newly added island, and a sunny morning breakfast nook.Beautiful hardwood floors flow seamlessly throughout the entire main level.Relax in your main-floor primary suite featuring custom closet built-ins and a luxurious, spa-inspired primary bath. Upstairs, you’ll find spacious secondary bedrooms, a full bath, & easy access via a newer premium stair glide. Step outside to your private back deck overlooking peaceful green space—with zero lawn care worries thanks to the low-maintenance association! Conveniently located in Churchland near dining, shopping.

3124 Sterling Way Unit 55, Portsmouth

$335,000

10656570 MLS

STOP EVERYTHING & CALL NOW: Lease one unit & live in the other almost mortgage free! Or Investor adding to rental portfolio. This Turn Key beauty of a Duplex makes a VERY Smart Buy! Both Units w/own meter & entrances-Spacious updated bright airy w/easy flow & they are a Wow!BOASTS: 2023 Roof, Windows , Updated appliances and more!!! 1ST FLR: 2 bed 1 Bath w/Liv Rm & Office Area, Laundry room w/storage & spacious eat-in kitchen. 2ND FLR: Could be 2br (depend on need) plus office 1 Bath. Deep lot w/1 car det Gar & Storage areas- Easy access to shops eats fun interstate medical Norfolk Navel & More.

2102 Elm Avenue, Portsmouth

$320,000

4 Beds ⋅ 2 Baths ⋅ 10656587 MLS

HomeSpire Home Loans offering 1% buyer concession for anyone using them as buyers lender. Ask about the 2-1 interest rate buy down. Solar Panels at no cost to buyer. To be paid off at closing by seller. Welcome to 3501 Arlington Place in Portsmouth's desirable Westhaven neighborhood! This move-in-ready 4-bedroom, 2-bath home offers the perfect blend of comfort, style, and convenience. Inside, you'll find hardwood and ceramic tile flooring throughout, providing timeless appeal and easy maintenance. Situated on a spacious corner lot, there's plenty of room to enjoy the outdoors, including a saltwater above-ground pool. Energy-efficient solar panels reduce utility costs, while the prime location places you just minutes from military bases, shopping, dining, parks, and major interstates. Don't miss your opportunity to own this exceptional home—schedule your private showing today!

3501 Arlington Place, Portsmouth

$355,000

4 Beds ⋅ 2.1 Baths ⋅ 10656527 MLS

Experience modern living in this newly constructed home. Featuring expansive living areas, it offers the perfect setting for both entertaining guests and everyday relaxation. The open-concept, contemporary kitchen is thoughtfully designed with sleek finishes and meticulous attention to detail. Retreat to the inviting primary suite for rest and rejuvenation after a long day. Attached garage and ample closet space throughout the home ensure all your storage needs are easily met. Don't miss this exceptional opportunity to own a beautifully finished, home to be complete at the end of November! Close to interstates, bases, and shopping!

610 Phillips Avenue, Portsmouth

$499,900

4 Beds ⋅ 3 Baths ⋅ 10656560 MLS

Space, character, and room to make it your own in Churchland’s established Green Acres neighborhood! Situated on approximately 1.15 acres, this spacious 4-bedroom, 3-bath home offers approximately 4,038 square feet, hardwood floors, abundant natural light, and charming details throughout. Multiple living areas provide flexibility for gathering, working from home, or creating your own quiet retreat. A generous kitchen offers ample cabinetry, while built-in storage adds to the home’s character. Outside, enjoy an expansive lawn, mature trees, and a substantial attached garage with room for vehicles, hobbies, and storage. Take the opportunity to bring your vision to a distinctive property with impressive space inside and out. Come explore the possibilities at 4700 Norman Road!

4700 Norman Road, Portsmouth

$250,000

3 Beds ⋅ 2 Baths ⋅ 10656558 MLS

Bring your vision to this classic brick ranch in Portsmouth. The home offers approximately 1,282 square feet of living space, a fireplace, central air, and a 6,534-square-foot lot. Major updates include a new roof, HVAC system, and water heater, all installed in 2024. Outside, enjoy a fenced backyard, storage shed, and a mix of garage and off-street parking. A great opportunity to make a home your own—schedule a visit and explore its potential. This property is being offered As-is.

118 Woodstock Street, Portsmouth

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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.