540 Ashlawn Dr Norfolk, VA 23505
Oakdale Farms NeighborhoodEstimated payment $4,672/month
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.
Property Details
Home Type
- Apartment
Est. Annual Taxes
- $6,400
Year Built
- Built in 1978
Parking
- Assigned Parking
Home Design
- Brick Exterior Construction
- Slab Foundation
- Frame Construction
- Asphalt Shingled Roof
Interior Spaces
- 2-Story Property
- Vinyl Flooring
Schools
- Crossroads Elementary School
- Norview Middle School
- Granby High School
Utilities
- Cooling System Mounted To A Wall/Window
- Baseboard Heating
- Electric Water Heater
Community Details
- 6 Units
- Monticello Village Subdivision
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2026 | $5,562 | $355,844 | $37,980 | $317,864 |
| 2025 | $5,562 | $348,867 | $37,235 | $311,632 |
| 2024 | $5,454 | $342,028 | $36,505 | $305,523 |
| 2023 | $5,306 | $335,322 | $35,789 | $299,533 |
| 2022 | $5,151 | $328,748 | $35,088 | $293,660 |
| 2021 | $5,091 | $322,302 | $34,400 | $287,902 |
| 2020 | $5,045 | $318,998 | $34,047 | $284,951 |
| 2019 | $4,630 | $312,745 | $33,380 | $279,365 |
| 2018 | $4,542 | $306,613 | $32,725 | $273,888 |
| 2017 | $4,443 | $300,603 | $32,084 | $268,519 |
| 2016 | $4,135 | $294,710 | $31,455 | $263,255 |
| 2015 | $4,055 | $290,283 | $30,982 | $259,301 |
| 2014 | $3,955 | $284,597 | $30,375 | $254,222 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 06/02/2026 06/02/26 | For Sale | $750,000 | -- | -- |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | -- | -- | |
| Warranty Deed | $830,000 | Attorney |
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $770,000 | New Conventional | |
| Previous Owner | $770,000 | New Conventional | |
| Previous Owner | $770,000 | Commercial |
Source: Real Estate Information Network (REIN)
MLS Number: 10637678
APN: 41518200
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This application does not include information on all of the properties available for sale at this time.
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