910 22nd St · Newport News, VA 23607

$204,500

4 bd · 2.0 ba · 1,382 sqft · MultiFamily public records · 64 Days on market

Built 1925 5,662 sqft lot $148/sqft · at area comps Est $214k · at est.

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Why this score? — see what drove the C+ grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +21.4/30.0
• ARV discount +9.6/15.0
• DSCR +6.8/10.0
• 1% rule +5.8/10.0
• Appreciation +4.6/10.0
• Schools +3.8/10.0
• Livability +3.8/5.0
• Rent growth +3.2/5.0
• Condition / age +2.5/5.0

Multi-family units

County records classify this as Multi-Family (2-4 Unit). Listing-text estimate: 1 unit. estimate disagrees with records

Listing remarks MLS

Welcome to 910 22nd St—an updated and move-in ready home located in the heart of Newport News! This property features a spacious layout with plenty of natural light throughout. Recent updates provide peace of mind, while the functional floor plan offers comfortable living and entertaining space. The kitchen flows nicely into the main living areas, making it great for everyday living or hosting guests. Conveniently located near shopping, dining, major interstates, and local shipyard/military bases. Whether you're a first-time buyer or looking to add to your investment portfolio, this home is a great opportunity. Don’t miss your chance to make it yours! This property may qualify for Seller Financing (Vendee). Make sure to ask about the 3D True Immersive Virtual Tour. This technology allows you to literally experience the home on any mobile device, laptop or desktop. You can measure rooms, view 3D dollhouse, view exterior, and interior and so much more. Check it out today!

Key facts

• 5,662 sq ft lot
• Built 1925
• Listed 64 days

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath multifamily listed at $204k.

Deal economics

• At list price, monthly cash flow is $304 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $204k).
• Recommended offer: $192k (6.0% below list) — sets the bar for market timing.
• Cap rate 8.1% vs local median 4.2% in Newport News — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 75/100 on livability (#123 in VA, #4,018 nationally) — a middle-class / working-renter tenant base. Strengths: health & safety A+, cost of living A, housing A; Watch: crime F, commute F.
• Newport News City Public School District (urban): math 34% / reading 54% proficiency, ranked #112 of 131 in VA (top 86%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: Rents rising (+2.9%/yr); 128 active listings in the ZIP; 31 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 52% of comp listings sitting > 30 days — soft ceiling on asking rent; lower-income renter base — watch delinquency; 522 units permitted in Newport News city in 2024 (458 in 5+ unit buildings).
• At $2,211/mo this rent would consume 63% of the median local household income ($42k/yr) (locally 2008% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-0.8%/yr); year-one equity from $1k of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
• Newport News County population projected to shrink 8% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.
• At projected returns (-0.8% appreciation + 2.9% rent growth), your $57k cash investment doubles in ~10 years — after that, you're playing with house money.

Negotiation context

• It's been on market 64 days — a 6% lower offer ($192k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts since 4y ago; this cycle's ask has dropped $25k (11%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $64k; list at $204k implies a 222% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1925 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: severe wind risk, 80% chance of damaging wind over 30y; extreme-heat days projected 7→16/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $192,230 (6.0% below list)

Questions for the listing agent

1. It's been on market 64 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Built in 1925 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. Schools are B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
6. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
7. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
8. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
9. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 1.08% ✓
• Cap rate: 8.08%
• Cash-on-cash: 6.37%
• DSCR: 1.28
• GRM: 7.7

CMA / ARV

• ARV (median comp): $214,270
• List price: $204,500
• Delta: -4.56%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1111 32nd St	0.57mi	4/2.0	1,421 (+3%)	3mo	$295,000	$208	66

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-0.84% appreciation · 2.91% rent growth · sell at horizon

5-year hold

• IRR: 2.1%
• Equity multiple: 1.09×
• Total profit: $5,303
• Equity at exit: $50,935

10-year hold

• IRR: 8.4%
• Equity multiple: 1.82×
• Total profit: $47,144
• Equity at exit: $54,835

Cash invested: $57,260 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 55 Moderately Landlord-Leaning
• State Virginia: 55 Moderately Landlord-Leaning · D+2
• County: — inherits STATE
• City: — inherits STATE

VRLTA gives some tenant protections; Northern Virginia courts slower; rural VA landlord-leaning.

Methodology + full state rankings →

ZIP-level market 23607

• Home prices YoY: -0.3%
• Rents YoY: 2.9%
• Active inventory: 128
• Price-to-rent: 15.4×

Monthly cashflow live

• Estimated rent: $2,211 high
• Mortgage (P&I): −$1,072
• Tax from tax record: −$285 /mo · $3,419/yr
• Insurance: −$85
• HOA: −$0
• Vacancy / Maint / Mgmt: −$464
• Net cashflow: $304

Break-even live

Break-even rent $1,826

Max offer price $204,500

Occupancy floor 81%

2-unit breakdown (identical units grouped — click to expand)

Units	Beds	Baths	Est. rent
▸ 2× units	2	1	$2,210
Total (2 units)			$2,211

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $51,125
• Closing costs: $6,135
• Reserves months: —
• Total cash needed: —

Rent comps 31 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1020 23rd St Newport News, VA	4.0	3.0	1710	$2,195	$1.28	43d	1	0.11mi
829 22nd St Newport News, VA	3.0	1.5	1020	$1,650	$1.62	43d	1	0.14mi
1035 23rd St Newport News, VA	3.0	2.0	1378	$1,600	$1.16	43d	1	0.15mi
2104 Marshall Ave Newport News, VA	4.0	2.0	1568	$2,200	$1.40	16d	1	0.22mi
2102 Marshall Ave Newport News, VA	4.0	2.0	1780	$1,500	$0.84	43d	1	0.22mi
1034 26th St Newport News, VA	4.0	2.0	1579	$1,600	$1.01	43d	1	0.23mi
1044 26th St Newport News, VA	5.0	2.0	1500	$2,450	$1.63	4d	1	0.24mi
1110 21st St Newport News, VA	4.0	2.0	1613	$1,850	$1.15	43d	1	0.25mi
740 21st St Newport News, VA	3.0	2.0	1120	$2,000	$1.79	43d	1	0.30mi
1216 21st St Newport News, VA	3.0	3.5	1446	$1,700	$1.18	23d	1	0.42mi
1239 24th St Newport News, VA	3.0	1.0	880	$1,495	$1.70	43d	1	0.48mi
1152 Orcutt Ave Newport News, VA	3.0	1.0	947	$1,375	$1.45	4d	1	0.48mi
1242 26th St Newport News, VA	3.0	4.0	1704	$2,400	$1.41	3d	1	0.51mi
749 31st St Newport News, VA	3.0	2.0	1000	$1,900	$1.90	43d	1	0.53mi
1222 29th St Newport News, VA	5.0	3.0	1563	$2,950	$1.89	1d	1	0.54mi
1124 33rd St Newport News, VA	3.0	1.5	1386	$1,600	$1.15	23d	1	0.59mi
1227 31st St Newport News, VA	3.0	2.0	1500	$2,495	$1.66	1d	1	0.63mi
3206 Madison Ave Newport News, VA	3.0	1.0	900	$1,550	$1.72	10d	1	0.64mi
1332 29th St Newport News, VA	5.0	2.0	1553	$2,500	$1.61	43d	1	0.69mi
1032 37th St Newport News, VA	3.0	2.0	1191	$1,450	$1.22	43d	1	0.74mi
35 Cedar Ave Newport News, VA	3.0	1.5	1138	$1,595	$1.40	43d	1	0.95mi
40 Buxton Ave Unit C Newport News, VA	3.0	1.0	1750	$1,795	$1.03	43d	1	1.02mi
321 Pine Ave Newport News, VA	3.0	2.5	1349	$1,990	$1.48	23d	1	1.08mi
233 Pine Ave Newport News, VA	3.0	2.0	1213	$2,100	$1.73	23d	1	1.10mi
646 46th St Newport News, VA	3.0	2.0	1300	$1,800	$1.38	4d	1	1.25mi
646 46th St Unit Na Newport News, VA	3.0	2.0	1300	$1,800	$1.38	43d	1	1.25mi
635 46th St Newport News, VA	3.0	1.0	1097	$1,400	$1.28	43d	1	1.28mi
80 30th St Newport News, VA	1.0–3.0	1.0–3.0	923	$2,599	$2.82	1d	4	1.37mi
656 49th St Newport News, VA	3.0	1.0	946	$1,500	$1.59	23d	1	1.39mi
327 Locust Ave Hampton, VA	4.0	2.0	1500	$2,000	$1.33	43d	1	1.41mi
417 Greenbriar Ave Hampton, VA	3.0	2.0	1007	$1,695	$1.68	7d	1	1.48mi

Listing history 35 events

1. 2026-06-18
   days on market $204,500 Active 64 DOM
2. 2026-06-17
   days on market $204,500 Active 63 DOM
3. 2026-06-16
   pricedays on market $204,500 Active 62 DOM
4. 2026-06-15
   days on market $214,900 Active 61 DOM
5. 2026-06-09
   days on market $214,900 Active 55 DOM
6. 2026-06-08
   days on market $214,900 Active 54 DOM
7. 2026-06-07
   days on market $214,900 Active 53 DOM
8. 2026-06-03
   days on market $214,900 Active 49 DOM
9. 2026-06-02
   days on market $214,900 Active 48 DOM
10. 2026-06-01
    days on market $214,900 Active 47 DOM
11. 2026-05-31
    days on market $214,900 Active 46 DOM
12. 2026-05-18
    price $214,900 996-char remark

    Show marketing remark (996 chars)

    Welcome to 910 22nd St—an updated and move-in ready home located in the heart of Newport News! This property features a spacious layout with plenty of natural light throughout. Recent updates provide peace of mind, while the functional floor plan offers comfortable living and entertaining space. The kitchen flows nicely into the main living areas, making it great for everyday living or hosting guests. Conveniently located near shopping, dining, major interstates, and local shipyard/military bases. Whether you're a first-time buyer or looking to add to your investment portfolio, this home is a great opportunity. Don’t miss your chance to make it yours! This property may qualify for Seller Financing (Vendee). Make sure to ask about the 3D True Immersive Virtual Tour. This technology allows you to literally experience the home on any mobile device, laptop or desktop. You can measure rooms, view 3D dollhouse, view exterior, and interior and so much more. Check it out today!

13. 2026-05-18
    price $214,900 996-char remark

    Show marketing remark (996 chars)

    Welcome to 910 22nd St—an updated and move-in ready home located in the heart of Newport News! This property features a spacious layout with plenty of natural light throughout. Recent updates provide peace of mind, while the functional floor plan offers comfortable living and entertaining space. The kitchen flows nicely into the main living areas, making it great for everyday living or hosting guests. Conveniently located near shopping, dining, major interstates, and local shipyard/military bases. Whether you're a first-time buyer or looking to add to your investment portfolio, this home is a great opportunity. Don’t miss your chance to make it yours! This property may qualify for Seller Financing (Vendee). Make sure to ask about the 3D True Immersive Virtual Tour. This technology allows you to literally experience the home on any mobile device, laptop or desktop. You can measure rooms, view 3D dollhouse, view exterior, and interior and so much more. Check it out today!

14. 2026-04-14
    listed $229,950 Active 996-char remark

    Show marketing remark (996 chars)

    Welcome to 910 22nd St—an updated and move-in ready home located in the heart of Newport News! This property features a spacious layout with plenty of natural light throughout. Recent updates provide peace of mind, while the functional floor plan offers comfortable living and entertaining space. The kitchen flows nicely into the main living areas, making it great for everyday living or hosting guests. Conveniently located near shopping, dining, major interstates, and local shipyard/military bases. Whether you're a first-time buyer or looking to add to your investment portfolio, this home is a great opportunity. Don’t miss your chance to make it yours! This property may qualify for Seller Financing (Vendee). Make sure to ask about the 3D True Immersive Virtual Tour. This technology allows you to literally experience the home on any mobile device, laptop or desktop. You can measure rooms, view 3D dollhouse, view exterior, and interior and so much more. Check it out today!

15. 2026-04-14
    listed $229,950 Active 996-char remark

    Show marketing remark (996 chars)

    Welcome to 910 22nd St—an updated and move-in ready home located in the heart of Newport News! This property features a spacious layout with plenty of natural light throughout. Recent updates provide peace of mind, while the functional floor plan offers comfortable living and entertaining space. The kitchen flows nicely into the main living areas, making it great for everyday living or hosting guests. Conveniently located near shopping, dining, major interstates, and local shipyard/military bases. Whether you're a first-time buyer or looking to add to your investment portfolio, this home is a great opportunity. Don’t miss your chance to make it yours! This property may qualify for Seller Financing (Vendee). Make sure to ask about the 3D True Immersive Virtual Tour. This technology allows you to literally experience the home on any mobile device, laptop or desktop. You can measure rooms, view 3D dollhouse, view exterior, and interior and so much more. Check it out today!

16. 2023-04-05
    status Under Contract
17. 2023-03-28
    listed $244,700 Active
18. 2023-01-09
    soldstatus $63,500
19. 2023-01-02
    status Under Contract
20. 2022-12-27
    status Active
21. 2022-12-22
    status Under Contract
22. 2022-12-15
    price $89,999
23. 2022-12-15
    listed $899,999 Active
24. 2022-02-01
    status Under Contract
25. 2022-01-31
    historical
26. 2022-01-27
    listed $99,900 Active
27. 2019-07-15
    soldstatus $54,000
28. 2005-05-27
    soldstatus $75,000
29. 2002-11-26
    soldstatus $73,000
30. 1996-01-05
    soldstatus $46,000
31. 1992-12-22
    soldstatus $10,000
32. 1989-12-18
    soldstatus $40,000
33. 1989-10-10
    soldstatus $40,230
34. 1984-06-06
    soldstatus $28,043
35. 1983-07-01
    soldstatus $10,000

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast VA · Resets to sale price

• Current annual tax: $3,419 · $285/mo
• Projected year-2 tax: $3,419 · $285/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 3/10 Moderate FEMA zone X (unshaded) · 12% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 9/10 Extreme 7 d/yr ≥107°F today · 16 d/yr by 30 yrs out
• 💨 Wind 8/10 Severe 80% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $26,532
• − Mortgage interest: −$11,455
• − Property taxes: −$3,419
• − Insurance: −$1,022
• − Repairs & maintenance: −$2,123
• − Management: −$2,123
• − Depreciation: −$5,949
• Taxable income: $441
• Est. tax owed @ 24.0%: −$106
• After-tax cash flow: $3,544/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Newport News City Public School District
• NCES district ID: 5102640
• Math proficiency: 34% ▼ -37.00%
• Reading proficiency: 54% ▼ -10.00%
• Median HH income: $49,644
• Composite: 37.7/100
• National rank: #4360
• State rank: #112 of 131 in VA

Livability — Newport News

• Score: 75/100
• State rank: #123
• US rank: #4018

Category grades

Amenities B Commute F Cost of living A Crime F Employment C Housing A Health & safety A+ User ratings B+

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Newport News, VA
• County: Newport News City · 178,950 people
• City population: 178,950
• Metro: Virginia Beach-Norfolk-Newport News, VA-NC
• Population (ZIP): 23,096
• Household income: $42,334
• Rent vs Own: 69.5% rent · 30.5% own
• Severe rent burden: 2008.0

Population outlook (Newport News County) Hauer SSP2

• Today (2025): 181,076 people
• By 2030: 179,683 · -0.8%
• By 2040: 174,649 · -3.5%
• By 2050: 167,407 · -7.5%
• By 2075: 147,597 · -18.5%
• By 2100: 122,144 · -32.5%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly Black (75%)
• Race & ethnicity: Black 75% White 13% Two or more races 7% Hispanic / Latino 6% Asian 1%
• Hispanic origin (detail): Mexican 1% Puerto Rican 2%
• Foreign-born: 3% · Canada
• Languages at home: 96% English-only · Spanish 3%

Political lean MEDSL · Newport News

• 2024 margin: Strong D (+28.8) · D 63.7% · R 34.9% · Other 1.4%
• 2008→2024 swing: +0.1pp no change · 2008: 28.7pp · 2024: 28.8pp
• All cycles: 2024: D+28.8 2020: D+32.9 2016: D+25.4 2012: D+30.0 2008: D+28.7

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -0.84%
• Current HPI: 312.4039
• Rent YoY: ▲ 2.91%
• Metro: Virginia Beach-Norfolk-Newport News, VA-NC
• State GDP YoY: ▲ 2.40%
• F500 in state: 50

Industry mix (Fortune 500 HQ in VA)

Industry	F500 HQs	Revenue
▸Aerospace / Defense	4	$236B
▸Technology / Defense	3	$32B
▸Financial Services	2	$176B
▸Utilities	2	$27B
▸Insurance	2	$25B
▸Technology	2	$15B

Price history

+2049.0% since first listed

24 events — show timeline

• 2026-05-18 Price Changed $214,900 REINMLS
• 2026-05-18 Price Changed $214,900 WMLS
• 2026-04-14 Listed $229,950 WMLS
• 2026-04-14 Listed $229,950 REINMLS
• 2023-04-05 Pending — REINMLS
• 2023-03-28 Listed $244,700 REINMLS
• 2023-01-09 Sold (Public Records) $63,500 Public Records
• 2023-01-02 Pending — REINMLS
• 2022-12-27 Relisted — REINMLS
• 2022-12-22 Pending — REINMLS
• 2022-12-15 Price Changed $89,999 REINMLS
• 2022-12-15 Listed $899,999 REINMLS
• 2022-02-01 Pending — REINMLS
• 2022-01-31 Listing Removed — REINMLS
• 2022-01-27 Listed $99,900 REINMLS
• 2019-07-15 Sold (Public Records) $54,000 Public Records
• 2005-05-27 Sold (Public Records) $75,000 Public Records
• 2002-11-26 Sold (Public Records) $73,000 Public Records
• 1996-01-05 Sold (Public Records) $46,000 Public Records
• 1992-12-22 Sold (Public Records) $10,000 Public Records
• 1989-12-18 Sold (Public Records) $40,000 Public Records
• 1989-10-10 Sold (Public Records) $40,230 Public Records
• 1984-06-06 Sold (Public Records) $28,043 Public Records
• 1983-07-01 Sold (Public Records) $10,000 Public Records

Property tax history

+9.3%/yr

Latest (2026): $3,419 · +15.7% YoY. Source: county tax records.