8 days on market
$750,000
511 Ashlawn Dr
Norfolk, Virginia 23505
MLS# 10637677 · MONTICELLO VILLAGE · Norfolk VA
Updated Jun 11, 2026 · Source: REIN MLS
Est. payment
$4,644/mo
Edit below
Price / sq ft
$0
0 sq ft
Days on market
8
New listing
HOA
None
Year built
1979
47 yrs old
Beds
0
Full Baths
0
Half Baths
0
Sq Ft
0
Garage
No
Schools
- ElementaryCrossroads School5/10
- MiddleNorview Middle School2/10
- 2/10
Info provided by GreatSchools
About this home
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 540 Ashlawn Drive. A great option for those looking to expand or begin their investment portfolio.
Listed by Carrie Copenhaver · Iron Valley Real Est Norfolk
VaHome Team property overview
511 Ashlawn Drive sits in a well-connected Norfolk corridor just six minutes from Naval Station Norfolk, with groceries, restaurants, a gym, and green space all within easy walking distance. It's a multi-unit property built in 1979 on a street that balances everyday convenience with genuine neighborhood character.
Read full property overview ↓Show less ↑
Why this home stands out
What sets 511 Ashlawn Drive apart is the rare combination of walkable daily errands and near-instant base access. Grocery options, a handful of local restaurants, and a Planet Fitness are all within a third of a mile, so a car isn't always necessary. Add a six-minute drive to Naval Station Norfolk and a seven-minute shot to MARFORCOM, and this address checks boxes that most Norfolk multi-unit properties simply can't match.
MONTICELLO VILLAGE and the Norfolk real estate market
Ashlawn Drive sits in a mature, tree-lined section of north Norfolk — a part of the city that developed steadily through the 1970s and carries the comfortable, settled feel that newer construction rarely achieves. Streets here are wide, sidewalks are present, and the mix of long-time residents and newer arrivals gives the area a grounded, community-oriented energy. If you're exploring city of norfolk real estate, this corridor rewards a closer look: it's close enough to the water to feel coastal, practical enough for everyday life, and diverse enough in its dining and shopping options to keep things interesting. Norfolk itself is a city of distinct neighborhoods, and this stretch of the 23505 zip code has its own quiet identity — residential without feeling remote, urban without feeling overwhelming. Pennstock Triangle and Village Park are both nearby, and the Northside Park Mountain Bike Trail is less than a mile away for anyone who wants to get outside without getting in a car.
What's nearby
Everyday errands are genuinely walkable from 511 Ashlawn Drive. Watergate 7 and Food Lion are both within two-tenths of a mile for grocery runs, and LA K-TRACHITA STORE adds another option steps away. When it's time to eat, El Sabor K-tracho and Maya Restaurant bring real Latin flavor to the immediate block, while Watergate 7 doubles as a local dining spot. Panera Bread and Tropical Smoothie Cafe are each about three-tenths of a mile for a morning coffee or quick lunch. Planet Fitness is right there at 0.3 miles, and Somnium CrossFit and Box-N-Go Boxing Gym give you two more workout options within a mile.
For different buyers
For military families relocating
Naval Station Norfolk is six minutes away, and MARFORCOM is just seven — making 511 Ashlawn Drive one of the more strategically located addresses in the 23505 zip code for active-duty households. A VA loan can make ownership here more accessible than you might expect, and the walkable amenities mean a second car isn't always a necessity during a busy PCS transition.
For first-time buyers
If you're weighing your options and looking at homes for sale in norfolk va 23518 and the surrounding zip codes, 511 Ashlawn Drive offers a foothold in a stable, established Norfolk neighborhood with walkable groceries, parks, and restaurants already in place. A 1979 build means solid bones, and the multi-unit property type opens up ownership structures that can work well for first-time buyers building equity.
Frequently asked questions
How far is 511 Ashlawn Drive from Naval Station Norfolk?
Naval Station Norfolk is approximately six minutes by car from 511 Ashlawn Drive, making this one of the closer residential addresses to the base in the north Norfolk area. MARFORCOM Norfolk is about seven minutes away.
What grocery stores are near 511 Ashlawn Drive?
Watergate 7 and LA K-TRACHITA STORE are both within a tenth of a mile, and Food Lion is just two-tenths of a mile away — so stocking the kitchen rarely requires a long drive.
Is 511 Ashlawn Drive in a flood zone?
Flood zone information for this address is displayed in the FloodRisk tile on this page, which pulls current FEMA map data for the 23505 zip code.
What parks are close to 511 Ashlawn Drive?
Pennstock Triangle is about three-tenths of a mile away, Village Park is half a mile, and the Northside Park Mountain Bike Trail — a multi-use trail popular with cyclists and walkers — is under a mile from the address.
Does 511 Ashlawn Drive have an HOA?
HOA status for this property is confirmed in the listing details section of this page; as a 1979-built multi-unit building, any association fees or rules would be disclosed there.
Want to know more about 511 Ashlawn Drive or explore comparable properties nearby? Tom and Dariya Milan at LPT Realty are ready to walk you through everything — reach out today.
Summary generated by AI from public records and publicly available information.
Location & Neighborhood
Places within ~1 mile, ordered by distance from this property. Powered by Google Places.
Flood Risk
Property Details
Bedrooms
0
Full Baths
0
Half Baths
0
Approx Sq Ft
0
Stories
2
Fireplaces
0
Flooring
Vinyl
Heating
Cooling
Laundry
Interior Features
N/A
Sale & Tax History
List Price
$750,000
Price / Sq Ft
$0
Annual Taxes
$6,400
Monthly Tax
$533
HOA
None
Tax Rate (effective)
0.85%
Sale Timeline (this listing)
| Event | Date | Price | Detail |
|---|---|---|---|
| Listed | Jun 3, 2026 | $750,000 | — |
| Currently listed | — | $750,000 | — |
Public-Records Assessment
Source: City Assessor via Hampton Roads Regional Parcels. Fetched Jun 11, 2026.
Total Assessed
$520,300
Land
$56,100
Improvement
$464,200
Parcel ID: 1530812478
Looking for multi-year tax assessments or prior sales? REIN MLS only ships data for the current listing. For full property history, check the city assessor record:
Tax data above from REIN public-records sync. Sale timeline tracked from this listing's first appearance in our feed forward; prior owner sales are not included.
Comparable Properties
Comps are selected by city, bed count, square footage and price proximity. Composite similarity score weights bed match, sqft variance, price variance, and straight-line distance.
About buying in Norfolk
Homes for sale in Norfolk, VA range from historic district townhouses in Ghent (23507) and waterfront condos along the Elizabeth River to ranch-style family homes in Larchmont, Lochaven, and Lafayette-Winona. As the cultural and economic heart of Hampton Roads, Norfolk offers something for nearly every buyer: $200K starter homes in Ocean View (23503, 23518), $400K-$600K Craftsman bungalows in Ghent and West Ghent (23517), executive homes near Old Dominion University (23508), and luxury riverfront properties in Larchmont and Algonquin Park. Norfolk's biggest employer is Naval Station Norfolk — the largest naval base in the world — and the city is also home to Norfolk Naval Shipyard, Eastern Virginia Medical School, Old Dominion University, and Norfolk State University. The active-duty military and academic communities drive steady year-round demand. Public schools include Maury High School in Ghent and Granby High School in Ocean View, and historically strong specialty programs at the Governor's School for the Arts. Buyers searching the 23510 (downtown) and 23508 (West Ghent / ODU corridor) ZIP codes will find the strongest mix of urban walkability and historic architecture; 23503 and 23518 (Ocean View) offer the most affordable waterfront entry points in Hampton Roads. The Norfolk MLS inventory below updates every 5 minutes from the REIN feed.
Military Commute
Drive times to nearest basesDrive times via Google Maps with current traffic patterns. Times are typical and may vary by time of day. Use the "Analyze" button up top to see live drive time to your saved base.
Estimate your monthly payment
$4,644/moPrincipal & interest
$3,892
Property tax
$533
Home insurance
$219
PMI
None
HOA
None
Estimate only. Insurance assumed at 0.35% of home value annually. Actual taxes, insurance, and rate will vary by lender, credit, and property. Contact a lender for a personalized quote.
Listed by Iron Valley Real Est Norfolk · MLS# 10637677
Data provided by REIN MLS. Information deemed reliable but not guaranteed.
$750,000
511 Ashlawn DR, NORFOLK VA 23505
Norfolk, Virginia 23505
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