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Waterfront Duplex
For Sale
$209,000

319 Ashlawn Drive, Norfolk, VA 23505

Multi Family Residential, Converted S.F., Over/Under, Norfolk, VA

Property Size1,650 SF
Price / SF$126.67
Days on Market177

Property Features for 319 Ashlawn Drive

General Information

Property type Residential Multi Family
Property subtype Duplex
Zoning R-11
Subdivision MONTICELLO VILLAGE
Elementary school Suburban Park Elementary
Middle school Northside Middle School
Standard status Active
Size 1,650 SF

Taxes and HOA fees

Tax Annual Amount 2731

Utilities

Water front features Waterfront

Building Details

Year built 1942
Roof type Shingle
Architectural style Other
Listing Agency: Better Homes & Gdns Ntv Am Grp
Listed By: Wendy Carbaugh
Added: Apr 8 Changed: Aug 19 Last Checked: Oct 1 at 11:06PM
MLS# 10628649

Copyright © 2026 Real Estate Information Network, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This waterfront duplex contains two residential units in an over-under configuration totaling 1,650 square feet. The first-floor residence has two bedrooms and one bathroom within approximately 1,000 square feet, while the upper residence provides one bedroom and one bathroom. The property was built in 1942 and has a shingle roof.

Located at 319 Ashlawn Drive in Norfolk, Virginia, the property is designated R-11 and is currently occupied by tenants. Its two-unit arrangement, established residential layout, and waterfront designation provide a clear physical profile for evaluating the asset as a duplex.

Key Highlights

  • Two‑unit over‑under duplex configuration
  • 1,650 square feet total property size
  • First‑floor unit with 2 bedrooms, 1 bath, and approx. 1,000 sqft.

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Law Firm Real Estate Agency Big Box & Wholesale Store HVAC Service (Bike/Boat/Book/etc) Store Building Supply

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units

Location Intelligence

Trade Area within ½ mile

604
Businesses Nearby

Demographics for 23505, VA

27,785
Population
13,715
Households
2
Avg Household Size
32
Median Age
32%
College-Educated
91%
High-School Grad
6.6 sq mi
ZIP Area
4,210
Density / Sq Mi
$55,678
Median Household Income
$40,814
Median Earnings
$1,279
Median Rent
$318,600
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
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Frequently Asked Questions

What type of property is this?
Duplex - Tenant-occupied over-under layout with two residential units.
Where is this duplex located?
The property is located at 319 Ashlawn Drive Norfolk, VA.
What is the asking price?
The asking price for this property is $209,000.
What are key features of this property?
This property features: Two‑unit over‑under duplex configuration; 1,650 square feet total property size; First‑floor unit with 2 bedrooms, 1 bath, and approx. 1,000 sqft.
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