Portsmouth VA County Homes under $500,000

Welcome to Portsmouth, Virginia—a charming city steeped in history and brimming with southern hospitality. Nestled along the Elizabeth River, Portsmouth is a vibrant community known for its rich maritime heritage, stunning waterfront views, and a plethora of outdoor activities. With its close proximity to Norfolk and the bustling Hampton Roads area, Portsmouth offers residents the best of both worlds: a peaceful suburban lifestyle with easy access to urban amenities.

For those seeking a home in this picturesque locale, Portsmouth boasts an impressive array of properties under $500,000. Whether you’re a first-time homebuyer, a growing family, or looking to downsize, you’ll find a diverse selection of homes that cater to every need and lifestyle. From charming historic homes that reflect the city’s rich past to modern townhouses and cozy bungalows, the options are plentiful. Many of these homes feature spacious yards, updated interiors, and beautiful architectural details that make each property unique.

Living in Portsmouth means embracing a community that values connection and culture. Explore the vibrant arts scene, indulge in delicious local cuisine, or take a leisurely stroll along the waterfront. With an array of parks, historical sites, and recreational opportunities, there’s always something to do.

If you’re ready to find your dream home in Portsmouth, Virginia, now is the perfect time to explore the market. With homes under $500,000, you can invest in a property that not only meets your needs but also allows you to enjoy the rich tapestry of life in this delightful city. Discover your slice of paradise in Portsmouth today!

Newest Portsmouth VA County Homes under $500,000

$315,000

3 Beds ⋅ 3 Baths ⋅ 10658318 MLS

Beautiful three-bedroom, three-bathroom property located in a historic area of Portsmouth, Virginia. Conveniently situated near local shops, dining, and major interstate access, this property offers both charm and accessibility. An excellent opportunity for buyers seeking a home in an established neighborhood with convenient access to nearby amenities and transportation. Schedule your viewing today!

28 Afton Parkway, Central Portsmouth

$350,000

4 Beds ⋅ 2 Baths ⋅ 10657733 MLS

Nestled in the historic Cavalier Manor, this 4 bed/2 bath home is the ideal starter home or even the next step up with its flexible living space. The converted garage is the ideal flex space as a 5th bedroom, game room, TV hangout, kid's play room, or hobby spot. Mature trees and landscaping tell you "Relax! You don't have to spend time taking care of us!" It's simplicity and it's space to grow. Your laundry closet keeps things neat and tidy in the flex room. And if the idea of house-hacking to help offset the mortgage is intriguing, a private rear entrance can be an attractive option for finding a roommate while maintaining your own privacy. The kitchen got what it asked for: a brand new electric range along with a 2024 retrofitting of new cabinets and granite counters w/ SS appliance package. Drift outside the rear sliding doors to your spacious back yard (oh, a rear deck would go perfectly there!) surrounded by a new 7 ft tall wooden privacy fence and a wide gate that invites your boat, RV, or trailer to take refuge out of the public view. What matters most is savings in these tough times: A newer roof (5-10 yrs new), a 2025 HVAC system, 2023 hot water heater means less to worry about down the road. Cavalier Manor is a sought-after community that provides convenience as it's situated just 5 mins from Rivers Casino, Lowes, I-264, and Victory Shopping Center. Just 6 minutes from I-64. 215 Wynn Street is a home which offers so much: Value, flexibility, security. (Oh yeah, it has a security system as well!)

201 Wynn Street, Central Portsmouth

$349,900

3 Beds ⋅ 2.1 Baths ⋅ 10658315 MLS

Beautiful open-concept design perfect for entertaining. The spacious living area flows into a modernkitchen with stainless steel appliances, sleek finishes, and plenty of cabinet space. Upstairs, the largeprimary bedroom provides a relaxing retreat with great natural light. Enjoy the convenience of anattached garage and quality craftsmanship throughout. Located minutes from shopping, dining, andlocal amenities—move-in ready and built for modern living!

2229 Elm Avenue, Central Portsmouth

4385 Point West Drive Unit 44, Northwest Portsmouth

$259,900

2 Beds ⋅ 2.1 Baths ⋅ 10658305 MLS

Great opportunity for sweat equity in a fantastic neighborhood. Priced 100k+ below renovated value. Property conveys as-is. Seller makes no representations or warranties regarding property condition.

4385 Point West Drive Unit 44, Northwest Portsmouth

$239,000

5 Beds ⋅ 2 Baths ⋅ 10657887 MLS

Spacious 5-bedroom, 2 full-bath older home full of character and potential. This property needs some TLC, making it a great opportunity for buyers looking to add their own personal touch. Features include a cozy wood-burning stove in the living room, a nice yard with plenty of space to enjoy, and a single-car garage. A solid home with good bones and lots of upside for the right owner.

1412 Elm Avenue, Central Portsmouth

$179,000

2 Beds ⋅ 1.1 Baths ⋅ 10658275 MLS

Tucked into a cul-de-sac in Portsmouth's Westhaven neighborhood, this two-story townhome offers comfortable living indoors and out. At 942 Amelia Ave, a spacious foyer welcomes you to a main level with new luxury vinyl plank flooring, a kitchen, dining area, living room and convenient powder room. The living room opens directly to a beautiful paver patio, creating an easy flow for grilling, dining or relaxing outside. A fully fenced backyard adds a private-feeling outdoor retreat. Upstairs, two bedrooms feature carpet installed in 2025 and share a full bathroom. The roof is approximately 10 years old, and a new water heater was installed in 2026. With 1,036 square feet of living space and inviting outdoor amenities, this home is ready for its next chapter.

942 Amelia Avenue, Central Portsmouth

5400 Lilac Crescent, Northwest Portsmouth

$375,000

4 Beds ⋅ 2.1 Baths ⋅ 10658084 MLS

Brick Ranch with extensive renovations and a Backyard to Love! Situated on a corner lot, this beautiful home was renovated down to the studs in mid-2024, improvements include new interior plumbing (excluding plumbing beneath the house), windows, electrical, kitchen, bathrooms, ductwork, HVAC, drywall, and paint. The eat-in galley kitchen features all new sage-green soft-close cabinetry, quartz countertops, appliances, a breakfast bar, a bay window, and tons of storage. Enjoy abundant natural light from solar tubes and skylights with remote-controlled blinds. The spacious floor plan offers a formal living room or office, formal dining room, a large great room and a cozy gas fireplace. A convenient main-level half bath is perfect for guests, while the fourth bedroom is privately situated in the room over the garage. Outside, discover a huge, fully privacy-fenced backyard with a deck; perfect for entertaining, relaxing, gardening, or creating your own private outdoor retreat!

5400 Lilac Crescent, Northwest Portsmouth

1908 Chestnut Street, Central Portsmouth

$210,000

3 Beds ⋅ 2 Baths ⋅ 10657689 MLS

Open-layout fixer in Portsmouth, VA! Great starter home or investment with strong potential. Spacious flow, solid bones, and ready for your updates. Build equity and make it your own—don’t miss this opportunity!

1908 Chestnut Street, Central Portsmouth

$365,000

3 Beds ⋅ 1.1 Baths ⋅ 10658253 MLS

Classic construction meets thoughtful updates at 3521 Doerr Road in Portsmouth's Greenfield Farms neighborhood. Built by Earl Drum and owned by just two owners, this 3-bedroom, 1-full-bath, 1-half-bath home offers approximately 1,558 square feet on a 0.27-acre lot. Hardwood floors add warmth, while a fireplace provides a welcoming focal point. Updated bathrooms bring a fresh touch to the home's timeless character. Recent improvements include a new sewer line to the street in 2025, a water heater in 2024, and HVAC in 2018; the roof is approximately 14 years old and has 30-year shingles. Outside, the fenced backyard offers room for gardening, outdoor meals, or relaxing. With no HOA and convenient access to interstate routes, shopping, and military installations, this classic ranch pairs enduring appeal with practical updates.

3521 Doerr Road, Northwest Portsmouth

3807 Banister River Reach Unit C, Northwest Portsmouth

$230,000

2 Beds ⋅ 2.1 Baths ⋅ 10658250 MLS

Don't miss this adorable town house situated in a well kept community. Includes access to community pool, clubhouse, and park. Plenty of opportunity to make this space fit your dreams.

3807 Banister River Reach Unit C, Northwest Portsmouth

$140,000

2 Beds ⋅ 1 Baths ⋅ 10657827 MLS

Full of potential, this 2-bedroom, 1-bath home is a great opportunity for investors or buyers looking to make a home their own. With some TLC and a little vision, you can bring new life to this property and make it your own. Whether you're searching for your next investment property or a place to call home, this property offers plenty of possibilities!

735 Flanders Circle, Central Portsmouth

$175,000

3 Beds ⋅ 1 Baths ⋅ 10658169 MLS

Great opportunity for investors, renovators, or buyers looking to add value! This property offers tremendous potential for the right buyer with vision. Property is being sold AS-IS, and the seller will make no repairs. Bring your creativity and transform this property into a profitable investment. Schedule your showing today!

904 Mineo Lane, 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.