Central Portsmouth Homes under $500,000

Welcome to Central Portsmouth, Virginia—a vibrant community that beautifully blends history, culture, and modern living. Nestled along the banks of the Elizabeth River, this charming city boasts a rich maritime heritage and a lively atmosphere. With its picturesque waterfront, historic architecture, and a variety of parks, Central Portsmouth offers an inviting environment for families, young professionals, and retirees alike.

One of the highlights of Central Portsmouth is its diverse real estate market, particularly for those seeking homes under $500,000. Whether you’re a first-time homebuyer or looking to downsize, this area presents an array of options that cater to various lifestyles and budgets. From quaint bungalows with character to spacious townhomes and contemporary single-family residences, you’ll find the perfect space to call home without breaking the bank.

Residents of Central Portsmouth enjoy easy access to local amenities, including unique shops, delightful eateries, and cultural attractions like the Portsmouth Art & Cultural Center and the Naval Shipyard Museum. The city also boasts a robust community spirit, with numerous events and festivals throughout the year that foster connections among neighbors.

With its strategic location, Central Portsmouth provides convenient access to nearby cities like Norfolk and Chesapeake, making it ideal for commuters. As you explore the possibilities in this charming city, you’ll discover that Central Portsmouth is not just a place to live; it’s a place to thrive. Embrace the opportunity to find your dream home in this welcoming community today!

Newest Central Portsmouth Homes under $500,000

$200,000

4 Beds ⋅ 2 Baths ⋅ 10656299 MLS

Sold AS IS, seller to do no repairs. Cash or conventional loans only. Utilities are off. New in 2020/2021- roof, water heater, LVP flooring, bathroom remodel, all duct work in crawlspace, ceiling fans, electrical panel, electrical wiring throughout the entire home updated. Oversized detached garage with built in workbenches, and wired for electricity. 2nd floor in the garage for even more storage. Short distance to the skate park, playground, highway, and Paradise Creek Nature Park.

53 Decatur Street, Central Portsmouth

$225,000

4 Beds ⋅ 1.1 Baths ⋅ 10656262 MLS

Lots of potential and priced to sell, must be purchased in conjunction with lots located at 3916 South St and 3907 Columbia St. Rehab loan or cash. Good sweat equity for someone willing to put in the work. Large home with over 2200sqft. and unique layout. Potential to build on vacant lot as well. Call listing agent with questions.

3914 South Street, Central Portsmouth

$135,000

2 Beds ⋅ 1 Baths ⋅ 10656208 MLS

Come take a look a this charming corner lot colonial home. Nice size rooms with family and dining area as well as eat-in kitchen. This a must see! Offers will be reviewed after the property has been exposed on the MLS for 7 calendar days.

4401 South Street, Central Portsmouth

5712 Portsmouth Boulevard, Central Portsmouth

$337,500

5 Beds ⋅ 2 Baths ⋅ 10656112 MLS

Charming move-in ready Cape Cod nestled in the sought after area of Cedar Point/Park Manor. Featuring an updated eat-in kitchen with granite counter tops, stainless steel appliances and lots of storage. Freshly painted with new carpet, this home also features hardwood floor.

5712 Portsmouth Boulevard, Central Portsmouth

$305,000

3 Beds ⋅ 2 Baths ⋅ 10656314 MLS

Welcome to 301 Viking St! Situated on a spacious corner lot, this beautifully updated 3-bedroom, 2-bath home blends modern comfort with practical living. The renovated kitchen features granite countertops, stainless steel appliances, custom cabinetry, and a stylish tile backsplash, opening to a bright living area with durable flooring and plenty of natural light. The generously sized bedrooms provide flexibility, while the primary suite offers a private bath and walk-in closet. Recent improvements add even more peace of mind, including a BRAND NEW HVAC system installed earlier this year. The home also features solar panels, and the seller will pay them off in full at closing—giving the next owner the benefit of solar without taking on the existing obligation. Outside, the expansive corner lot provides plenty of room to enjoy and customize. Conveniently located near major roadways, shopping, and everyday amenities, this move-in-ready home is ready for its next chapter!

301 Viking Street, Central Portsmouth

$240,000

3 Beds ⋅ 2 Baths ⋅ 10656288 MLS

Beautifully renovated and move-in ready! This home has been thoughtfully updated throughout with a fresh, modern feel while still offering comfortable, functional living spaces. The bright kitchen features new cabinetry, countertops and stainless steel appliances, while the spacious primary suite includes a beautiful private bath and generous closet space. Updated bathrooms, new flooring, fresh paint and modern fixtures complete the interior. Enjoy the welcoming covered front porch, great for relaxing at the end of the day. Major systems have also been updated, giving the next owner added peace of mind. Conveniently located near the Norfolk Naval Shipyard, military bases, major highways, shopping and more. Come see this beautifully transformed home for yourself!

2120 Pearl Street, Central Portsmouth

2500 Greenwood Drive, Central Portsmouth

$350,000

4 Beds ⋅ 3 Baths ⋅ 10656253 MLS

DON'T MISS OUT ON THIS AMAZING RENOVATED MOVE-IN READY UNIQUE PROPERTY! THE MAIN HOUSE FEATURES 3 BEDROOMS, 2FULL BATHS, UPDATED KITCHEN W/ALL APPLIANCES, NEW PAINT, NEW FLOORING, NEW LED LIGHTING & SO MUCH MORE! HUGE DETACHED GARAGE W/FULL IN-LAW SUITE UPSTAIRS! IN-LAW SUITE FEATURES 1 BEDROOM PLUS A BONUS BEDROOM/OFFICE, 1 FULL BATHROOM, HUGE GREAT ROOM & KITCHEN W/GRANITE COUNTERTOPS & APPLIANCES! NEW PAINT, NEW FLOORING & NEW LED LIGHTING! NEW DECK & AMPLE PARKING IS PERFECT FOR ENTERTAINING! TWO STORAGE SHEDS AS WELL! TOO MANY FEATURES TO LIST! A MUST SEE!

2500 Greenwood Drive, Central Portsmouth

66 Bainbridge Avenue, Central Portsmouth

$349,000

4 Beds ⋅ 3 Baths ⋅ 10656251 MLS

Welcome to 66 Bainbridge Avenue in Portsmouth’s Cradock Historic District! Built in 2021, this 4-bedroom, 3-bath home offers modern construction in an established Portsmouth neighborhood. The open-concept layout features laminate flooring, modern lighting, and a spacious kitchen with granite countertops, center island, stainless steel appliances, and ample cabinetry. A first-floor bedroom with a full ensuite bath provides flexible living space, while the upstairs primary suite features a tray ceiling, recessed lighting, and walk-in closet. Updated bathrooms include double vanities and tiled showers. Enjoy a detached one-car garage, driveway parking, and privacy wood fencing. Conveniently located near the Naval Shipyard, schools, shopping, dining, and Portsmouth attractions. Seller is offering concessions toward eligible buyer closing costs, subject to offer terms and lender approval. If you’re searching for a newer home in Portsmouth, schedule your showing today!

66 Bainbridge Avenue, Central Portsmouth

$267,000

4 Beds ⋅ 2 Baths ⋅ 10656069 MLS

Don’t miss this great opportunity to own a beautifully updated ranch-style home conveniently located near the Norfolk Naval Shipyard, Coast Guard and Downtown Norfolk. Enjoy relaxing on the inviting front porch of this well-maintained property featuring numerous updates throughout. Inside, a modern kitchen with refreshed cabinetry, countertops, stone backsplash, LVP flooring, GFCI outlets, and appliances that convey. The formal living room showcases original hardwood flooring and a convenient pass-through to the kitchen. Fresh paint, updated windows (except in the LR), newer HVAC ductwork with gas heat, a newer compressor, a nail-over roof, updated plumbing & newer hot water heater add to the home’s value and comfort. This home offers three bedrooms on the main level plus a finished attic with an additional bedroom and full bathroom (sold as is). New LVP flooring runs throughout for a clean, modern look. Window blinds, washer and dryer convey as is. Outside fenced backyard, shed as is.

209 Hanbury Avenue, Central Portsmouth

$325,000

3 Beds ⋅ 2 Baths ⋅ 10656165 MLS

This beautiful property offers modern updates and peace of mind throughout. Step inside to discover stylish, durable LVP flooring running seamlessly through the main living areas. The layout flows into an updated kitchen & modern bathrooms, making it completely move-in ready. The private primary suite serves as a true retreat, with dramatic cathedral ceilings & bath with a relaxing soaker tub & a beautifully tiled walk-in shower. Enjoy year-round relaxation & entertaining in the spacious sunroom off of the kitchen, which leads out to a deck & fully fenced-in backyard-perfect for outdoor gatherings or weekend play. The detached garage with electricity is ideal for use as a hobby workshop, extra storage, or dedicated DIY project area. Encapsulated crawl space provides moisture control & valuable peace of mind. Complete with great curb appeal, attached garage space, & classic architectural details, this turn-key home combines comfortable indoor living with fantastic outdoor spaces.

9 Baywood Lane, Central Portsmouth

$160,000

2 Beds ⋅ 1 Baths ⋅ 10656125 MLS

Opportunity in Portsmouth! This 2 Bed, 1 Bath home offers potential for buyers looking to personalize a property or investors considering their next project. The home features a functional layout, and the opportunity to update and improve to suit your vision. Conveniently located near shopping, dining, and major roadways.

1392 Wool Avenue, Central Portsmouth

$450,000

4 Beds ⋅ 2 Baths ⋅ 10656114 MLS

Tucked along the quiet shoreline of Scott's Creek with direct access to the Elizabeth River, this 4-bedroom, 2-bath waterfront retreat has long been a home of substance and craftsmanship. Enter through a marble-floored foyer into hardwood floors underfoot throughout, an open-concept flow connecting den, kitchen, dining room, and living room, a fireplace anchoring the space, and a crystal chandelier lending quiet elegance to the dining room. The kitchen carries custom cabinetry and heated ceramic floors, while the finished lower level offers a private suite with its own bedroom, a walk-in shower bath, and a tiled reading room with its own outside entrance- a layout well suited to guests or multigenerational living. Outside, vinyl siding, a durable roofline, a whole-yard sprinkler system, a private boat house, and two finished sheds complete the grounds. Just moments from the marina, this is a rare offering of established waterfront character. Sold AS IS, WHERE IS.

1 Idlewood Avenue, Central 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.