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Fusion at Neon apartments in Norfolk, VA

Updated

Fusion at Neon

225 W Olney Rd, Norfolk, VA 23510

4.4 (41 reviews) Official Website

Live pricing, refreshed

7
Units Listed
$1,761
Starting at
$2,061
Average
$3,095
Highest
$3.44
Per Sq Ft
PRO
Avg Days Listed

How does this compare? View Downtown rent trends

Beds

Pricing by Bedroom

Studio
$1,801
from $1,761 · 3 units
~505 sqft avg
1 Bed
$1,975
from $1,920 · 3 units
~575 sqft avg
2 Bed
$3,095
from $3,095 · 1 units
~954 sqft avg

Rent Distribution

Price by Bedroom

Price Breakdown

Rent by Unit

Price vs. Square Footage

Price History

Timeframe

Property Price Trend

Units with Price Changes (34)

Largest 8 movers of 34

Estimated Building Revenue

How is this calculated?

Rental revenue model

We follow each unit's listing activity at this building every day. When a unit stops being listed, we assume it leased at its last listed rent, adjusted for any advertised move-in special. Revenue is the sum of those assumed lease rents across the building's occupied units.

  • Building size: modeled from how many distinct units we have observed over time
  • Occupancy: building size minus currently listed units
  • Rents: observed lease-offs first, current asking rents as fallback

These are research estimates, not financial statements from the operator. Confidence: moderate (building size is modeled).

Est. Monthly Revenue

$460K

$5.5M annual run rate

Modeled estimate

Est. Occupancy

97%

of about 250 units (modeled from leasing activity)

Effective Rent on New Leases

$1,891

vs $2,061 current asking ($170 negotiation gap)

Recent Lease Activity

53 units tracked; 46 assumed leased, 7 listed now

See which units leased, when they left the market, and the rent they leased at.

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Property Intelligence

How is this calculated?

Negotiation Leverage Score (0-100)

Based on 5 observable signals from the property's listing data:

  • +30 pts: 15+ units currently listed
  • +25 pts: Active move-in specials
  • +20 pts: Deep discounts (>$150/mo off)
  • +15 pts: 5+ distinct floor plans
  • +10 pts: 25+ units listed

All signals come directly from the property's own listings. Occupancy and building size appear only in the Estimated Building Revenue section, and only when the building size is stated by the property or our unit-level observation history is deep enough to model it.

Listed Units

7

Moderate availability

6 floor plans

Move-in Specials

0

No active promotions

Negotiation Leverage

Limited leverage

High demand property with less room to negotiate on price.

Available Units

7 units
Studio / 1 Bath Hopper
$1,761/mo
498 ft² · $3.54/ft\u00B2 · #242
Down $12 since Jul 18 (was $1,773)
Studio / 1 Bath Homer
$1,812/mo
518 ft² · $3.50/ft\u00B2 · #217
Down $12 since Jul 18 (was $1,824)
Studio / 1 Bath Hopper
$1,831/mo
498 ft² · $3.68/ft\u00B2 · #415
Down $12 since Jul 18 (was $1,843)
1 Bed / 1 Bath Picasso
$1,920/mo
541 ft² · $3.55/ft\u00B2 · #431
1 Bed / 1 Bath Rockwell
$1,995/mo
664 ft² · $3.00/ft\u00B2 · #237
Up $76 since Jun 25 (was $1,919)
1 Bed / 1 Bath Matisse
$2,011/mo
519 ft² · $3.87/ft\u00B2 · #PH14
2 Bed / 2 Bath Blaine
$3,095/mo
954 ft² · $3.24/ft\u00B2 · #PH02
Up $10 since Jul 13 (was $3,085)

City Club

Resident Notes & Access Codes

Real tips from people who lived at this property: what leasing and daily living are actually like, plus the gate, parking, and entry codes you only learn once you move in. See all Norfolk, VA notes

No resident notes for this property yet.

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