Portsmouth VA County Homes under $500,000

Welcome to Portsmouth, Virginia—a vibrant city steeped in rich history and bursting with charm. Nestled along the Elizabeth River, Portsmouth offers a unique blend of coastal living and urban conveniences, making it an ideal destination for families, young professionals, and retirees alike. With its picturesque waterfront, historic architecture, and friendly community, Portsmouth is not just a place to live; it’s a place to call home.

One of the most appealing aspects of Portsmouth is its diverse real estate market, particularly for those seeking homes under $500,000. Here, you can find a variety of options that cater to different lifestyles and preferences. From cozy bungalows in established neighborhoods to modern townhomes with stunning river views, the choices are plentiful. Many properties boast spacious layouts, updated amenities, and charming outdoor spaces, perfect for entertaining or simply enjoying the serene surroundings.

Portsmouth’s strategic location offers easy access to major highways, making commutes to nearby cities like Norfolk and Chesapeake a breeze. Residents can enjoy a plethora of recreational activities, including waterfront parks, historic sites, and vibrant cultural events. Whether you're strolling through the bustling Olde Towne district or enjoying a sunset by the river, Portsmouth invites you to experience its warm, welcoming atmosphere.

With homes available under $500,000, Portsmouth is an excellent opportunity for first-time buyers or anyone looking to invest in a thriving community. Discover the charm of Portsmouth, where affordability meets a rich quality of life—your dream home awaits!

Newest Portsmouth VA County Homes under $500,000

$349,900

4 Beds ⋅ 2.1 Baths ⋅ 10656396 MLS

Experience modern living in this newly constructed, move-in-ready 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!

612 Phillips Avenue, Portsmouth

$349,900

5 Beds ⋅ 3.2 Baths ⋅ 10656170 MLS

Renovated duplex with a well maintained yard. Quiet single family neighborhood. Large rooms, lots of closet space, gas heat and central air conditioning. Directly adjacent to the Western Branch Trail. Large fully fenced yard with deck and shed. Unit A which is available for immediate occupancy has three bedrooms and 1.5 bathrooms. Unit B which is occupied has two bedrooms and two full bathrooms. Yard maintenance to be provided by the owner. New dishwasher. Refrigerator, stove and HVAC to be conveyed as is.

3904 Marsha Street, Portsmouth

$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, Portsmouth

$435,000

4 Beds ⋅ 3 Baths ⋅ 10656373 MLS

This 4 bed, 3 bath home has been fully renovated and is move in ready! Enter into your new home where the living room flows seamlessly into the kitchen and dining area. The kitchen features brand new cabinetry, granite counter tops, stainless steel appliances, a beautiful farmhouse sink and a large pantry with plenty of storage. Downstairs you will also find brand new LVP flooring throughout, a den with built in shelving, a bedroom with a walk-in closet, a full bathroom and an extra space that could be an office, playroom or easily turned into a 5th bedroom. Upstairs features brand new carpet, a master bedroom with a tiled shower, and a massive walk-in closet, as well as two additional bedrooms. Fresh paint and new fixtures throughout. Brand new HVAC. This home checks all the boxes and is ready for you to call it yours today!

4029 Wyndybrow Drive, Portsmouth

$335,000

3 Beds ⋅ 2 Baths ⋅ 10656349 MLS

Fantastic ranch in Churchland totally renovated located across the street from the 142 acre Hoffler Creek Wildlife Preserve with 3 miles of hiking trails and kayak rentals! Easy living in this one level home with new interior and exterior paint, new LVP flooring, new carpet and new padding in all bedrooms. Brand new kitchen with new white kitchen cabinets and new countertops, stainless steel appliances with new microwave, new dishwasher and new refrigerator, new deep sink and new faucet. Both bathrooms with brand new vanities and new tops, new light fixtures, new mirrors, new faucets, new toilets, and tub & shower refinished. Brand new windows! Brand new exterior metal wrap! Shutters newly painted. New light fixtures and new ceiling fans throughout. Hot water heater (2017). Long driveway for plenty of parking. New exterior front porch columns. Porch concrete newly resurfaced. New concrete patio and walkway in the rear. Large 1 car garage with newly painted floor. Two huge renovated sheds with new exterior painting. Fully fenced backyard! Hurry! You will love this one!

4503 Twin Pines Road, 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, 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, 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, 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, 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, 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, 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, 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.