Central Portsmouth Homes under $500,000

Welcome to Central Portsmouth, Virginia – a hidden gem that beautifully blends rich history with modern living. Nestled along the Elizabeth River, this vibrant city offers a unique charm that captivates both residents and visitors alike. With its historic architecture, lush parks, and a thriving local arts scene, Central Portsmouth is a place where community spirit flourishes.

One of the most enticing aspects of Central Portsmouth is its diverse housing market, particularly for those seeking homes under $500,000. Whether you’re a first-time homebuyer, a growing family, or looking to downsize, you’ll find a variety of options that suit your lifestyle and budget. From quaint bungalows and charming townhomes to more spacious single-family residences, Central Portsmouth provides an array of choices that don’t compromise on quality or comfort.

The city’s strategic location offers easy access to major highways and the nearby naval base, making it an ideal spot for commuters. Central Portsmouth is also home to several parks and recreational facilities, perfect for outdoor enthusiasts and families looking to enjoy the great Virginia weather. With community events, farmers' markets, and waterfront activities, there’s always something happening in this lively area.

As you explore the homes available in Central Portsmouth, you’ll discover not just a place to live, but a welcoming community to call your own. With a flourishing real estate market and homes under $500,000, now is the perfect time to find your dream home in this charming city. Experience the warmth of Central Portsmouth – where history meets opportunity!

Newest Central Portsmouth Homes under $500,000

$200,000

4 Beds ⋅ 2 Baths ⋅ 10660185 MLS

INVESTOR SPECIAL – 4 BEDROOM BRICK RANCH! Opportunity awaits at 1205 Jewell Ave in Portsmouth! Offered at $200,000 with renovated comparable properties supporting values of $300K+! This 4-bedroom home features a brick exterior, single-level living, spacious backyard, and detached shed with electricity. Great opportunity for investors, rehabbers, or buyers looking to build equity through renovations. Property needs updating and is being sold AS-IS. Bring your vision and transform this property into your next investment! Schedule your showing today!

1205 Jewell Avenue, Central Portsmouth

3410 Brighton Street, Central Portsmouth

$297,000

3 Beds ⋅ 2 Baths ⋅ 10659967 MLS

Charming Cape Code in Western Park 3 Bedrooms, 2 full Bathrooms an Insulated detached garage (400 sqft) make it your own Gym, workshop or use it for storage, a fully enclosed yard that lives like a private backyard oasis. The fully fenced yard is ideal for pets, play or entertainment. Quiet Westhaven Park street minutes to Norfolk Naval Shipyard I-264, Olde Towne dining and Elizabeth River waterfront. Come see it before it's gone!

3410 Brighton Street, Central Portsmouth

2119 Liverpool Street, Central Portsmouth

$295,000

3 Beds ⋅ 2.1 Baths ⋅ 10660003 MLS

Beautifully renovated 3-bedroom, 2.5-bath home tucked away on a quiet cul-de-sac in Portsmouth! This move-in-ready home features granite countertops, new windows, a new roof, and a spacious laundry area. Enjoy off-street parking and a huge backyard with plenty of room for relaxing, entertaining, or gardening. With stylish finishes and thoughtful updates throughout, this home is a must-see.

2119 Liverpool Street, Central Portsmouth

$245,000

3 Beds ⋅ 1 Baths ⋅ 10660045 MLS

Charming brick ranch offering a fantastic opportunity for investors or first-time homebuyers! Featuring a newer roof, two separate living rooms, a large deck, and a spacious lot, this home is full of potential. Ready for someone to bring their vision and a little sweat equity to make it shine! With endless possibilities, this is your chance to create something special. Conveniently located just minutes from local schools, parks, shopping, and everyday amenities. Don't miss this opportunity—schedule your private tour today!

904 Liberty Street, Central Portsmouth

$349,900

4 Beds ⋅ 3 Baths ⋅ 10660043 MLS

Call or text the Listing Agent.4 bedrooms, 3 baths

1404 Centre Avenue, Central Portsmouth

$380,000

4 Beds ⋅ 3 Baths ⋅ 10659729 MLS

What a find! Located in Historic Craddock, this immaculate contemporary home sparkles like a jewel! Enjoy a charming front porch, open-concept living, LVP floors, upgraded lighting, and a coffered great room ceiling. The spacious kitchen features 42-inch cabinets, marble countertops, stainless steel appliances, a gas range with pot filler, and a walk-in pantry. The main level offers a versatile office or 4th bedroom with access to a full bath featuring a custom-tiled shower. Upstairs are 3 spacious bedrooms, a laundry room, and a primary suite with 2 walk-in closets. Primary bath lighting includes built-in nightlights added in 2026. Updates include fully paid-off solar panels and whole-house water filtration (2021), tankless water heater, dishwasher, and refrigerator (2023). Enjoy a fenced backyard, deck, shed, enormous parking pad, detached garage with electricity, and partially encapsulated crawlspace. Don't miss this Historic Craddock gem!

20 Cushing Street, Central Portsmouth

$220,000

3 Beds ⋅ 1 Baths ⋅ 10660028 MLS

This charming 3 bedroom, 1 bathroom home has so much to offer! Located in the quiet tucked away neighborhood of Shea Terrace. It is conveniently located near the Norfolk Naval Shipyard, Portsmouth Naval Medical Center, Olde Towne Portsmouth & downtown Norfolk! The first floor features two bedrooms, a full bathroom, spacious kitchen, formal dining room, and living room with beautiful hardwood floors! The second floor has a large third bedroom that provides additional space and flexibility! Outside you will find a large fenced in yard, & detached garage for additional storage. Enjoy mornings on the front porch or entertaining guests on the back deck! Beautiful views of the Elizabeth River are just at the end of the street! Text LA1 to set up a showing!

2309 Leckie Street, Central Portsmouth

$365,000

4 Beds ⋅ 2.1 Baths ⋅ 10659961 MLS

Welcome home! Offering a wonderful blend of modern style, comfort, and functionality, this home also features an inviting layout. Cooking is made easy with the large walk-in pantry and granite countertops.Don't miss the primary bedroom, it's a retreat in itself. With two sinks, a soaking tub, stand-up shower, and two walk-in closets!This home is ready for it's next owner to make it their own.

3B Bradley Avenue, Central Portsmouth

$165,000

3 Beds ⋅ 1 Baths ⋅ 10659861 MLS

Opportunity Awaits! This property offers approximately over 1,000 square feet on a 0.18-acre lot and is in need of some TLC. Bring your vision and plans to transform this property into a potential investment, rental, or resale opportunity. Ideal for experienced investors, rehabbers, or buyers looking for a project with upside potential. Property is being sold in its current condition. Conveniently located near the interstate and more! Call today for more information and to schedule your tour!

804 Gay Avenue, Central Portsmouth

$159,900

3 Beds ⋅ 1 Baths ⋅ 10659897 MLS

Full of charm and potential, this home is ready for a little TLC to truly shine! With an HVAC system installed in 2019 and a brand-new water heater, some important updates are already in place. Just needs a little sprucing up to bring out its character! Property is being sold as-is, with no known issues.

4700 Bart Street, Central Portsmouth

$320,000

3 Beds ⋅ 2 Baths ⋅ 10659766 MLS

This beautifully renovated property features 3 bedrooms and 2 full bathrooms, plus a versatile bonus room that can be a 4th bedroom, home office, or gym. The primary bedroom has an ensuite bathroom and its own separate exterior entrance. The brand-new kitchen equipped with butcher block countertops and an oversized chic black basin sink with professional style culinary faucet. Samsung stainless steel appliances, including a sleek counter-depth refrigerator. Durable and stylish LVP flooring flows seamlessly throughout the entire home. Updates include a new roof on both the house and detached garage, a new hot water heater, all-new interior doors with new hardware. The mechanical upgrades are truly next-level, highlighted by a high-efficiency 2-ton, 18.1 SEER HVAC system featuring an eco-friendly Variable Inverter Compressor and next-generation R454B low-GWP refrigerant for precise heating and cooling. Out back there is a detached garage and private back yard with full privacy fence.

16 Chowan Drive, Central Portsmouth

$335,000

3 Beds ⋅ 2 Baths ⋅ 10659834 MLS

Welcome to this modern and inviting 3-bedroom, 2-bath ranch-style home! This home features a comfortable single-level layout and a generous backyard with plenty of room to relax, entertain, or enjoy outdoor activities. Conveniently located near Elizabeth Manor Golf and Country Club, Bide-A-Wee Golf Course, Portsmouth City Park, shopping, dining, and everyday essentials. Just minutes from Norfolk Naval Shipyard, Naval Medical Center Portsmouth, and major commuter routes, this home puts the whole region in easy reach. A great first step into homeownership: move-in ready, easy to maintain, and with a backyard that gives you room to grow. Schedule your showing today!

719 Nottingham Road, 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.

Central Portsmouth Homes under $500,000

Newest Central Portsmouth Homes under $500,000

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