Portsmouth VA County Homes under $500,000

Welcome to Portsmouth, Virginia—a hidden gem nestled along the banks of the Elizabeth River. With its rich maritime history, vibrant arts scene, and a welcoming community, Portsmouth offers a unique blend of charm and modern living. Whether you’re drawn by its historic waterfront, bustling downtown, or serene parks, this city has something for everyone.

One of the most appealing aspects of Portsmouth is its affordability, especially when it comes to housing. For those in search of their dream home without breaking the bank, the market boasts an impressive selection of homes priced under $500,000. From quaint bungalows with character to contemporary townhouses with all the modern amenities, there are countless options to suit various lifestyles and preferences.

Imagine waking up in a cozy home that reflects your personal style, all while being just a stone's throw away from vibrant local attractions. Enjoy leisurely strolls through the historic Olde Towne district, where cobblestone streets are lined with charming boutiques, galleries, and cafes. Or take a short drive to the nearby beaches for a day of sun and surf.

Portsmouth is not just about affordability; it’s also about community. With various events and festivals throughout the year, you’ll find plenty of opportunities to connect with your neighbors and embrace the local culture.

If you’re ready to explore the possibilities of homeownership in Portsmouth, VA, you’ll discover that this city truly offers the best of both worlds—affordability and a rich, fulfilling lifestyle. Come and see what makes Portsmouth the perfect place to call home!

Newest Portsmouth VA County Homes under $500,000

$325,000

5 Beds ⋅ 2.1 Baths ⋅ 10656882 MLS

Welcome to this spacious 5 bedroom, 2.5 bath home in Portsmouth offering approximately 2,866 square feet of living space. With 11 rooms throughout, the home provides a versatile layout with plenty of space for living, entertaining, working from home, or additional storage. The spacious backyard offers even more room to enjoy the property outdoors. With generous interior space, multiple bedrooms, and a flexible floor plan, this home offers a variety of possibilities to fit your needs. Conveniently located near shopping, dining, major roadways, and local amenities.

738 Douglas Avenue, Central Portsmouth

1237 Portsmouth Boulevard, Central Portsmouth

$250,000

3 Beds ⋅ 2 Baths ⋅ 10656863 MLS

Lovely updated 1261 sq ft, 3 bedroom, 2 bath bungalow with open, flowing floor plan. New roof, new privacy fence, new luxury vinyl plank flooring and fresh paint throughout. Updated bathrooms. New granite countertops in kitchen! Large privacy-fenced back yard with giant shed for lots of storage space! Side entrance with carport behind gated fence. Natural wide buffer strip and service road between homes and main road for easier access and safety. Note that third bedroom is smaller - great for private office, nursery, game room, etc. Near interstates & short commute to area military bases.

1237 Portsmouth Boulevard, Central Portsmouth

2104 Chestnut Street, Central Portsmouth

$285,000

3 Beds ⋅ 2.1 Baths ⋅ 10656721 MLS

Charming 3-bedroom, 2.5-bath home offering 1,592 sq ft in Portsmouth’s Prentis Park area. Situated on a corner lot, this two-story property features a welcoming covered front porch, classic exterior details, and established landscaping. The main level offers a functional layout with comfortable living spaces, while the upper level provides three bedrooms and two full baths. Enjoy outdoor living from the spacious rear deck overlooking the yard. Conveniently located in Portsmouth with easy access to nearby shopping, dining, parks, and major roadways. A great opportunity to own a home with character, outdoor space, and a desirable corner-lot setting.

2104 Chestnut Street, Central Portsmouth

404 Eisenhower Circle, Central Portsmouth

$279,900

3 Beds ⋅ 1.1 Baths ⋅ 10656682 MLS

Freshly updated with two separate living areas and a sunroom, this Portsmouth ranch offers much more space than buyers expect. Inside, you'll find hardwood floors LVP, Fresh Paint Throughout. A spacious family room for gathering and entertaining, and a sunroom that provides additional living space for relaxing, working, or enjoying your morning coffee. The updated kitchen features new cabinets, new hardware, new countertops, and new fixtures, creating a fresh and inviting space for everyday living. Step outside to a spacious yard for entertaining, cookouts, gardening, or simply enjoying the outdoors. Conveniently located near shopping, dining, parks, and major commuter routes, this move-in-ready home is ready for its next owner. Don't miss your opportunity to make this one yours!

404 Eisenhower Circle, Central Portsmouth

3124 Sterling Way Unit 55, Northwest Portsmouth

$355,000

3 Beds ⋅ 2.1 Baths ⋅ 10656663 MLS

Welcome home to 3124 Sterling Way—a meticulously updated 1,896 sq ft sanctuary designed for effortless, main-level luxury living. As a coveted end unit, this home is filled with exceptional natural light, highlighting dramatic vaulted ceilings and a cozy gas fireplace with an elegant custom marble surround. At the heart of the home, the fully transformed kitchen boasts pristine quartz countertops, a tiled backsplash, custom cabinetry, a newly added island, and a sunny morning breakfast nook.Beautiful hardwood floors flow seamlessly throughout the entire main level.Relax in your main-floor primary suite featuring custom closet built-ins and a luxurious, spa-inspired primary bath. Upstairs, you’ll find spacious secondary bedrooms, a full bath, & easy access via a newer premium stair glide. Step outside to your private back deck overlooking peaceful green space—with zero lawn care worries thanks to the low-maintenance association! Conveniently located in Churchland near dining, shopping.

3124 Sterling Way Unit 55, Northwest Portsmouth

$335,000

10656570 MLS

STOP EVERYTHING & CALL NOW: Lease one unit & live in the other almost mortgage free! Or Investor adding to rental portfolio. This Turn Key beauty of a Duplex makes a VERY Smart Buy! Both Units w/own meter & entrances-Spacious updated bright airy w/easy flow & they are a Wow!BOASTS: 2023 Roof, Windows , Updated appliances and more!!! 1ST FLR: 2 bed 1 Bath w/Liv Rm & Office Area, Laundry room w/storage & spacious eat-in kitchen. 2ND FLR: Could be 2br (depend on need) plus office 1 Bath. Deep lot w/1 car det Gar & Storage areas- Easy access to shops eats fun interstate medical Norfolk Navel & More.

2102 Elm Avenue, Central Portsmouth

3501 Arlington Place, Central Portsmouth

$320,000

4 Beds ⋅ 2 Baths ⋅ 10656587 MLS

HomeSpire Home Loans offering 1% buyer concession for anyone using them as buyers lender. Ask about the 2-1 interest rate buy down. Solar Panels at no cost to buyer. To be paid off at closing by seller. Welcome to 3501 Arlington Place in Portsmouth's desirable Westhaven neighborhood! This move-in-ready 4-bedroom, 2-bath home offers the perfect blend of comfort, style, and convenience. Inside, you'll find hardwood and ceramic tile flooring throughout, providing timeless appeal and easy maintenance. Situated on a spacious corner lot, there's plenty of room to enjoy the outdoors, including a saltwater above-ground pool. Energy-efficient solar panels reduce utility costs, while the prime location places you just minutes from military bases, shopping, dining, parks, and major interstates. Don't miss your opportunity to own this exceptional home—schedule your private showing today!

3501 Arlington Place, Central Portsmouth

$355,000

4 Beds ⋅ 2.1 Baths ⋅ 10656527 MLS

Experience modern living in this newly constructed 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!

610 Phillips Avenue, Central Portsmouth

$499,900

4 Beds ⋅ 3 Baths ⋅ 10656560 MLS

Space, character, and room to make it your own in Churchland’s established Green Acres neighborhood! Situated on approximately 1.15 acres, this spacious 4-bedroom, 3-bath home offers approximately 4,038 square feet, hardwood floors, abundant natural light, and charming details throughout. Multiple living areas provide flexibility for gathering, working from home, or creating your own quiet retreat. A generous kitchen offers ample cabinetry, while built-in storage adds to the home’s character. Outside, enjoy an expansive lawn, mature trees, and a substantial attached garage with room for vehicles, hobbies, and storage. Take the opportunity to bring your vision to a distinctive property with impressive space inside and out. Come explore the possibilities at 4700 Norman Road!

4700 Norman Road, Northwest Portsmouth

118 Woodstock Street, Central Portsmouth

$250,000

3 Beds ⋅ 2 Baths ⋅ 10656558 MLS

Bring your vision to this classic brick ranch in Portsmouth. The home offers approximately 1,282 square feet of living space, a fireplace, central air, and a 6,534-square-foot lot. Major updates include a new roof, HVAC system, and water heater, all installed in 2024. Outside, enjoy a fenced backyard, storage shed, and a mix of garage and off-street parking. A great opportunity to make a home your own—schedule a visit and explore its potential. This property is being offered As-is.

118 Woodstock Street, Central Portsmouth

3600 Commonwealth Avenue, Central Portsmouth

$264,900

3 Beds ⋅ 2 Baths ⋅ 10656540 MLS

Character, natural light, and room to make it your own in Westhaven Park. This 3-bedroom, 2-bath home sits on a corner lot and pairs inviting living spaces with everyday practicality. Exposed ceiling beams and a gas fireplace add warmth, while the bright kitchen offers generous cabinet and counter space. A first-floor bedroom and full bath provide flexibility, with two additional bedrooms upstairs. Step outside to enjoy the deck and yard, plus a detached one-car garage, storage shed, and off-street parking. Located with access to I-264, the Downtown and Midtown tunnels, Norfolk Naval Shipyard, and Naval Medical Center Portsmouth.

3600 Commonwealth Avenue, Central Portsmouth

$310,000

3 Beds ⋅ 2 Baths ⋅ 10656533 MLS

Welcome to this spacious 3 bedroom, 2 bath brick ranch in Portsmouth’s Douglas Park neighborhood, where comfortable one level living meets plenty of room to gather. Inside, you’ll find multiple living spaces, including a cozy living room with fireplace, a generous family room, dining area and sunroom that adds even more flexibility. The kitchen offers plenty of counter space and room for casual dining. Three well sized bedrooms, two full baths and an easy flowing layout make the home feel both comfortable and functional. Outside, enjoy a large fenced backyard, storage shed and extended driveway. Major updates include the roof and AC in 2022 and water heater in 2025. White exterior shutters will be installed prior to settlement.

31 Radford Street, Central Portsmouth

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