The 1994–95 Old Dominion Monarchs basketball team represented Old Dominion University in the 1994–95 college basketball season.
This was head coach Jeff Capel's first of seven seasons at Old Dominion.
The Monarchs competed in the Colonial Athletic Association and played their home games at the off-campus Norfolk Scope in Norfolk, Virginia.
They went on to win the 1995 CAA men's basketball tournament to earn the CAA's automatic bid to the NCAA tournament.
They earned a 14 seed in the East Region where they upset No.