540 Ashlawn Drive, Norfolk, VA 23503 | MLS #10637678 | Berkshire Hathaway HomeServices RW Towne Realty

Listing provided courtesy of Iron Valley Real Est NorfolkMLS# 10637678

Investment opportunity in a 6-unit brick apartment building. All units have recently renovated. Currently fully occupied, this property provides strong rental income and long-term potential. To be sold with another fully renovated and fully rented 6 unit apartment building at 511 Ashlawn Drive. A great option for those looking to expand or begin their investment portfolio.

Source: REIN MLS, MLS#: 10637678

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Property Type

Residential Income

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Bill Kolovani
REALTOR® ,CRS, MRP, SRES, ABR, RRC, LUXURY
Beach Office - Virginia Beach
Mobile Phone 757-377-2069

Median Age

33
Population Density

4,234
College Educated

39%
Estimated Median Income

$56,635
Estimated Total Home Owners

5,748
Estimated Total Renters

7,945
Owner / Renter Divide

42% / 58%
Estimated Average Household Size

2
Total Population

32,815
Community data courtesy of LiveBy, Inc.

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Estimated Monthly Cost

Price

Down Payment

$ %

Loan Length (years)

Interest Rate

* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

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Skip Templeton
RW Towne Mortgage
Vice President | Mortgage Loan Officer
(757) 287-1902

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Blair James
Towne Insurance
Risk Advisor
757-897-9752

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Heather Meahl
RW Towne Title
RW Towne Title
757-333-6450

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Life at 540 Ashlawn Drive

Schools

School data courtesy of LiveBy, Inc.

Ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating. The schools displayed on this website are for informational purposes only and may not represent a complete or up-to-date list. School assignments are subject to change and should be verified directly with the local school district. Please contact the appropriate school district to confirm school zoning and enrollment eligibility for this property.

History

Date	Event	Value	Agent
6/10/2026Source: REIN MLS	Status Change	Active
6/2/2026Source: REIN MLS	Added to Database	June 02, 2026

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