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Norfolk › MONTICELLO VILLAGE › 540 Ashlawn Dr✓ Source: REIN MLS #10637678 · record updated Jun 11, 2026 · synced every 2 min · your inquiry is never resold
540 Ashlawn DR, NORFOLK VA 23503 - Main photo
540 Ashlawn DR, NORFOLK VA 23503 - Photo 2
540 Ashlawn DR, NORFOLK VA 23503 - Photo 3
540 Ashlawn DR, NORFOLK VA 23503 - Photo 4
540 Ashlawn DR, NORFOLK VA 23503 - Photo 5
$750,000
63days on market

540 Ashlawn Dr, Norfolk, VA 23503

ActiveApartments 3+ · built 1978 · MONTICELLO VILLAGE

Facts & features

Type

Apartments 3+

Year built

1978

HOA

None

Taxes

$6,400/yr

County

Norfolk VA

MLS #

10637678

Interior

Stories
2
Flooring
Vinyl

Construction & exterior

Foundation
Slab
Construction
Block, Frame
Roof
Asphalt Shingle
Exterior
Brick

Utilities & systems

Heating
Basebd, Electric
Cooling
Window/Wall
Water heater
Electric
Utilities available
City Sewer, City Water, Electric

Lot, parking & ownership

Subdivision
MONTICELLO VILLAGE
Zoning
R-13
Ownership
Fee Simple
Garage
No
Parking
Assigned/Reserved
Possession
SETTLEMENT
Disclosures
Disclosure Statement

Sources: REIN MLS record · city assessor · null fields are suppressed, never faked

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 511 Ashlawn Drive. A great option for those looking to expand or begin their investment portfolio.

Listing courtesy of Carrie Copenhaver · Iron Valley Real Est Norfolk · REIN MLS #10637678

Tom & Dariya's overview

Our read on this home

by Tom & Dariya Milan, REALTORS® · Brokered by LPT Realty

At a glance

540 Ashlawn Drive sits in a well-connected Norfolk pocket just seven minutes from Naval Station Norfolk, with groceries, parks, and restaurants all within half a mile. Built in 1978, this multi-unit property gives you genuine urban convenience without sacrificing neighborhood calm.

Keep searching in Norfolk

See all Norfolk homes for sale, including homes for sale in 23503, homes for sale zoned for Granby High School, and homes for sale zoned for Crossroads School. Browse every listing among homes for sale in Norfolk — updated from the REIN MLS every few minutes. Nearby, look at Chesapeake Shores & Bayview homes for sale, Norfolk waterfront homes for sale, Norfolk condos and townhomes for sale, and new construction homes in Norfolk.

Read the full overview ↓

Why this home stands out

What sets 540 Ashlawn Drive apart is the rare combination of base proximity and walkable daily errands. Food Lion, Planet Fitness, and Village Park are all within a short stroll, and a handful of locally loved restaurants round out the block. For a 1978-era multi-unit building in Norfolk, the surrounding infrastructure is unusually complete — you can genuinely handle most of daily life without getting in the car.

MONTICELLO VILLAGE and the Norfolk real estate market

540 Ashlawn Drive sits in the 23503 zip code on Norfolk's north side, a part of the city that tends to fly under the radar but rewards those who look closely. The streets here have a settled, lived-in character — mature trees, modest lot sizes, and neighbors who actually know each other. Norfolk itself is one of the most historically layered cities on the East Coast, shaped by centuries of maritime culture and a military presence that still defines the regional economy. The city's waterfront, its arts district along Granby Street, and the broad dining scene in Ghent and Ocean View are all within easy reach. If you're comparing Norfolk homes for sale and want a location that keeps commute times short while staying connected to everything the city offers, the Ashlawn Drive corridor checks a lot of boxes. Norfolk is an independent city in Virginia, meaning it operates its own services separate from surrounding counties.

What's nearby

Daily life is genuinely easy from 540 Ashlawn Drive. Watergate 7 is just 0.2 miles away for quick grocery runs, with LA K-Trachita Store and Food Lion both within 0.4 miles for more variety. When you want to eat out, El Sabor K-tracho and Maya Restaurant are a short walk away, and Watergate 7 doubles as a neighborhood dining spot. Panera Bread and Tropical Smoothie Cafe are half a mile out for morning coffee. Planet Fitness is 0.4 miles away, and if you prefer something more intense, Somnium CrossFit and Hyrox Norfolk are both under a mile. Village Park is 0.3 miles away, Pennstock Triangle is 0.5 miles, and the Northside Park Mountain Bike Trail offers a multi-use trail just 0.6 miles out.

For different buyers

For military families relocating

Seven minutes to Naval Station Norfolk and seven minutes to MARFORCOM Norfolk — 540 Ashlawn Drive is about as well-positioned as it gets for service members juggling dual-base schedules or frequent duty changes. A VA loan can make ownership here a straightforward move, and the walkable errands mean one less car trip on a packed duty day. Families comparing homes for sale in 23503 will find this location hard to beat for base access.

For first-time buyers

If you're weighing your first purchase, 540 Ashlawn Drive offers a practical entry point into a Norfolk neighborhood where the infrastructure is already in place. Groceries, a gym, parks, and restaurants are all within half a mile, so you're not dependent on a single car for daily life. Buyers exploring homes for sale in Norfolk often overlook the north side — and that's exactly what keeps it approachable.

More buyer questions

How far is 540 Ashlawn Drive from Naval Station Norfolk?

Naval Station Norfolk is approximately seven minutes by car from 540 Ashlawn Drive, making it one of the closer residential addresses to the base in this part of the city. MARFORCOM Norfolk is also about seven minutes away.

What grocery stores are near 540 Ashlawn Drive?

Watergate 7 is just 0.2 miles away, LA K-Trachita Store is 0.3 miles, and Food Lion is 0.4 miles — all walkable depending on your pace and what you're carrying.

Is 540 Ashlawn Drive in a flood zone?

Flood zone information for this address is covered in the FloodRisk tile on this page, which pulls current FEMA map data for the 23503 zip code.

What schools serve 540 Ashlawn Drive?

Buyers specifically searching for homes for sale zoned for Granby High School or homes for sale zoned for Crossroads School will want to verify current Norfolk Public Schools zoning directly, as attendance boundaries can change between listing cycles.

Are there parks or trails within walking distance of 540 Ashlawn Drive?

Yes — Village Park is 0.3 miles away, Pennstock Triangle is 0.5 miles, and the Northside Park Mountain Bike Trail's multi-use path is just 0.6 miles from the address.

Tom and Dariya Milan at LPT Realty know this part of Norfolk well. Reach out to get a straight answer on what ownership at 540 Ashlawn Drive looks like for your situation.

Summary generated by AI from public records and publicly available information.

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Schools

VaHome School Score

Our own 1–10 rating, scored from Virginia Department of Education data.

VaHome School Score — calculated by VaHome.com from Virginia Department of Education assessment, progress, and attendance data. Attendance zones come from the MLS listing record; confirm the current zone with the school division before making an offer.

Flood & environment

FEMA flood zone X · outside the high-risk area · FIRM 510104

Flood Risk

Looking up FEMA flood zone…

Hurricane Evacuation Zone

Evacuation Zone C

Source: Virginia Dept. of Emergency Management — Know Your Zone

In the Chesapeake Shores & Bayview neighborhood of Norfolk. browse Norfolk listings →

Location intelligence

Minutes to real places, not a score

Location & Neighborhood

Places within ~1 mile, ordered by distance from this property. Powered by Google Places.

Military Commute

Drive times to nearest bases

Drive 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.

The numbers

Run the real carrying cost

Estimates only — taxes come from the public record; confirm rates with your lender. VA-eligible buyers: $0-down financing may apply.

Estimate your monthly payment

$4,644/mo

Principal & interest

$3,892

Property tax

$533

Home insurance

$219

PMI

None

HOA/Condo (paid separately)

None

Estimate only. Association (HOA/condo) fees are paid separately and are not included in the payment above. 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.

Value & history

Judge value on real ground

Asking vs. assessment

144% of $520,300

City assessment record · taxes $6,400/yr

Land share of assessed value

11% — $57,900

Improvements $462,400 · assessor record ✓

Own a home nearby? See what it is worth today — What's your Norfolk home worth?

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)

EventDatePriceDetail
ListedJun 2, 2026$750,000—
Currently listed—$750,000—

Public-Records Assessment

Source: City Assessor via Hampton Roads Regional Parcels.

44% above assessment

Total Assessed

$520,300

Land

$57,900

Improvement

$462,400

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:

Norfolk Real Estate Assessor

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.

Market tempo

63 days on market — read it in context

Days on market reflects pricing, season, and inventory — compare it against similar nearby homes below before reading anything into it.

Questions buyers ask

Is 540 Ashlawn Dr in a good school zone?+
The assigned zones on the listing record are Crossroads Elementary (VaHome School Score 3.1/10), Norview Middle (VaHome School Score 2/10), Granby (VaHome School Score 3/10). School attendance zones can change — always confirm enrollment with the local school division.
Is 540 Ashlawn Dr in a flood zone?+
FEMA maps this parcel in Zone X, outside the high-risk Special Flood Hazard Area. See the flood section on this page for details and sources.
Is there a gym near 540 Ashlawn Dr?+
Yes — Planet Fitness is about 0.2 miles away, per the cached nearby-places record for this address.
Are there parks near 540 Ashlawn Dr?+
Pennstock Triangle is about 0.3 miles away.
Where is the nearest grocery store to 540 Ashlawn Dr?+
LA K-TRACHITA STORE is about 0.1 miles away. The closest dining on record is El Sabor K-tracho (0.1 mi).
Does 540 Ashlawn Dr have an HOA?+
No — there are no HOA, condo, or association dues on the listing record for this property.
When was 540 Ashlawn Dr built?+
It was built in 1978, per the listing record.

Answers generated from the listing record, verified school zones, FEMA data, and cached nearby-places data — never invented.

The people

You'll talk to a person, not a lead queue

TD

Tom & Dariya Milan

Brokered by LPT Realty · Hampton Roads · answer their own phone

✓ Your inquiry goes to Tom & Dariya — never sold to strangers

Listing courtesy of Carrie Copenhaver · Iron Valley Real Est Norfolk · REIN MLS #10637678

Call or text (757) 777-7577

Ask Dariya — instant answers

Schools, flood, drive times, what it really costs to own — answered from this page's data, by chat or voice.

Schedule a private tour

Free, no obligation — your inquiry goes to Tom & Dariya, never resold.

540 Ashlawn Dr, Norfolk — photo

See it in person — the record only says so much.

Call or text (757) 777-7577

540 Ashlawn Dr, Norfolk, Virginia 23503 · MLS #10637678 · Source: REIN MLS + public record. Information deemed reliable but not guaranteed — verify independently. School zones subject to change; confirm with the local school division. All locations are described by neutral geographic fact. Equal Housing Opportunity.

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