6-Unit Brick Apartment
540 Ashlawn Dr, Norfolk, VA 23503
For Sale
New
$750,000
All six apartments have been renovated and are fully occupied, with R-13 zoning.
Property SizeContact for details
Days on Market3
Property Features for 540 Ashlawn Dr
General Information
Standard status
Property subtype
Zoning
Occupancy
Site & Location
Neighborhood
Additional Details
Multifamily Units
Tenant in Place
Building Details
Year Built
Buildings
Stories
Units
Construction
Listing Agency:
Iron Valley Real Est Norfolk
(757) 900-4873
Listed By:
Carrie Copenhaver
(855) 450-0442
Source:
Jamesallengroup
Added: Nov 11
Last Checked: Nov 12 at 4:25AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Iron Valley Real Est Norfolk
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Investment Insights
Based on property information with market context.
This brick apartment property contains six units and was built in 1978. Each apartment has been renovated, and the building is fully occupied. The property is zoned R-13.
The sale includes a second six-unit apartment building at 511 Ashlawn Drive. That property has also been renovated and is fully rented.
The sale includes a second six-unit apartment building at 511 Ashlawn Drive. That property has also been renovated and is fully rented.
Key Highlights
- Six‑unit brick apartment building
- All six apartments renovated and currently fully occupied
- R‑13 zoning
Property Analytics
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Lease Details
12
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
644
Businesses Nearby
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Business Placement
Demographics for 23503, VA
31,932
Population
15,350
Households
2.1
Avg Household Size
35
Median Age
31%
College-Educated
91%
High-School Grad
5.0 sq mi
ZIP Area
6,386
Density / Sq Mi
$62,428
Median Household Income
$42,850
Median Earnings
$1,195
Median Rent
$273,100
Median Home Value
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Market
Properties on Market for Apartment buildings in Norfolk
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - All six apartments have been renovated and are fully occupied, with R-13 zoning.
Where is this apartment building located?
The property is located at 540 Ashlawn Dr Norfolk, VA.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Six‑unit brick apartment building; All six apartments renovated and currently fully occupied; R‑13 zoning
