Central Portsmouth Homes under $500,000

Welcome to Central Portsmouth, Virginia – a vibrant city where history meets modern living! Nestled in the heart of Portsmouth County, this charming locale boasts a rich maritime heritage, stunning waterfront views, and a warm sense of community that welcomes newcomers with open arms. With its picturesque streets lined with historic homes and modern amenities, Central Portsmouth is an ideal place for families, young professionals, and retirees alike.

One of the most appealing aspects of Central 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 to spacious townhomes, there’s something for everyone at an affordable price. Imagine settling into a beautifully renovated home with easy access to parks, shops, and local eateries, all while staying within budget!

The city’s strategic location also makes it a prime spot for commuters, with easy access to major highways and public transportation. Central Portsmouth is not just about homes; it’s about a lifestyle filled with cultural experiences, outdoor recreation, and community events. Whether you’re strolling along the waterfront, visiting the historic Olde Towne district, or enjoying a day at one of the local parks, there’s always something to do.

In Central Portsmouth, you’ll find more than just a house – you’ll discover a place to call home. Explore the possibilities today and see why so many are choosing to make this enchanting city their own!

Newest Central Portsmouth Homes under $500,000

$199,900

2 Beds ⋅ 1 Baths ⋅ 10658335 MLS

Welcome home to this charming 2-bedroom, 1-bath bungalow on a quiet street in Truxton! Fresh paint, new laminate flooring, and tasteful updates throughout create a warm, inviting feel. New windows, newer HVAC, and vinyl siding add to the home’s appeal, while a scuttle-access attic provides additional storage. Enjoy a fully fenced yard with room to relax, garden, or entertain, plus a detached garage for parking, storage, or hobbies. Conveniently located near interstate access and the shipyards, this adorable home is ready for its next chapter!

3201 Downes Street, Central Portsmouth

$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

$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

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

$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

2216 Deep Creek Boulevard, Central Portsmouth

$339,900

4 Beds ⋅ 3 Baths ⋅ 10657483 MLS

Welcome home to this beautifully updated, move-in-ready property situated on a large corner lot in the heart of Portsmouth! Renovated within the past five years, this inviting home offers a spacious, functional layout with modern finishes and plenty of room to fit your lifestyle. The updated kitchen features elegant granite countertops and stainless steel appliances, while luxury vinyl plank flooring and plush carpeting create a stylish, comfortable feel throughout. The generous primary suite offers a walk-in closet and private en-suite bath, providing the perfect place to unwind. A versatile bonus room adds even more flexibility, making it ideal for a home office, playroom, fitness room, or media space. Enjoy added peace of mind with major updates, including a new HVAC system installed in 2024, along with a roof, windows, and water heater all less than five years old. Outside, a spacious, vinyl privacy-fenced backyard—perfect for entertaining, relaxing, or enjoying outdoor activities. Additional features include an attached one-car garage and a double-width driveway for convenient parking. Ideally located near schools, shopping, dining, and major commuter routes, this well-maintained home combines modern updates, versatile living space, and everyday convenience. Don’t miss your opportunity to make this wonderful Portsmouth home yours! Schedule your private showing today!

2216 Deep Creek Boulevard, Central Portsmouth

$275,000

3 Beds ⋅ 2 Baths ⋅ 10658127 MLS

Welcome home to this beautifully remodeled bungalow offering modern updates, fresh finishes, and move-in-ready convenience! This charming home has been thoughtfully updated throughout with a brand-new HVAC system, new windows, fresh interior paint, and new flooring. The updated kitchen features new appliances, while a new water heater adds even more peace of mind.With its inviting character and extensive recent improvements, this home is a great blend of charm and modern comfort. Whether you're a first-time buyer, downsizing, or looking for a great investment opportunity, this property is ready for you to make it home!

351 Quebec Street, Central Portsmouth

411 Bobby Jones Drive, Central Portsmouth

$374,900

3 Beds ⋅ 2 Baths ⋅ 10657928 MLS

From the moment you step through the front door, the incredible pride of ownership shines through every single detail. This beautiful, fully updated 3 bedroom/2 bath brick home has an inground pool & a covered back deck giving you the perfect spot for relaxing or entertaining guests. Updated kitchen & bathrooms w/ soft-close cabinets & drawers, open eat-in kitchen & large family room, hardwood & LVP flooring & wood-burning fireplace. All new light fixtures & fans, new hot water heater, fireplace mantle, back door & garage door opener. 3 outdoor cameras & doorbell camera convey! Conveniently located near local schools, parks, shopping & Elizabeth Manor Golf & Country Club. Completely move-in ready & waiting for you!

411 Bobby Jones Drive, 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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