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NorfolkLAMBERTS POINT1241 37th St✓ Source: REIN MLS #10616511 · record updated May 23, 2026 · synced every 2 min · your inquiry is never resold
1241 37th ST, NORFOLK VA 23508 - Main photo
$350,000
$176 / sqft · est. $2,226/mo →
4beds
2baths
1,990sqft
128days on market

1241 37th St, Norfolk, VA 23508

Off MarketResidential · built 1950 · LAMBERTS POINT

About this home

The listing, in the seller's words

Completely renovated in 2018, this all brick ranch home offers a rare opportunity to own a stylish, move-in-ready home that works as a primary residence or a high-performing investment. Designed w/a California Cool aesthetic, the stunning restaurant style kit & open-concept layout w/mural is great for modern living, entertaining, or maximizing rental appeal. The home incl. four generously sized BRs w/large closets & 2 renovated jack-and-jill baths w/double vanities. Addl feat. incl. steel entry/solid-core interior doors, new windows w/Bahama shutters, LVP flooring, new insulation, security system, gas heat high, capacity electric water heater, patio & off-street parking for 4. 2024 financials: NOI is $22,368.96 ($30,723.39 income - $8354.43 for exp. incl. advertising, ins, maint, repairs & taxes). 6.4% Return/Cap Rate. Four leases in place through July 26th, 2026. Suite 1 for $700 & Suites 2, 3 & 4 for $675; for a total of $2725/month or $32,700 annually. No flood ins. required!

Listing courtesy of Kathryn Kramer · Howard Hanna Real Estate Svcs. · REIN MLS #10616511

VaHome team overview

Our read on this home

At a glance

Meet 1241 37th Street — a four-bedroom, two-bath, 1,990-square-foot home in Norfolk's Lambert's Point neighborhood, built in 1950 with classic mid-century bones. Two military installations are within six minutes, and daily errands, coffee, and green space are all within a short walk.

Read the full overview ↓

Why this home stands out

Lambert's Point is one of Norfolk's most walkable urban neighborhoods, and 1241 37th Street sits right in the thick of it. Within two blocks you have a restaurant, a coffee shop, a park, and a fitness studio — the kind of everyday convenience that's genuinely rare in Hampton Roads. The 1,990-square-foot floor plan gives you four bedrooms and two full baths inside a solidly built 1950s home, with the added bonus of two major installations each under ten minutes away.

LAMBERTS POINT and the Norfolk real estate market

Lambert's Point occupies a compact peninsula on Norfolk's western edge, bordered by the Lafayette River to the south and the Elizabeth River to the west. The neighborhood has a tight-knit, walkable character that sets it apart from much of norfolk va real estate — tree-lined streets, a mix of mid-century and early-twentieth-century homes, and a genuine sense of place that residents tend to hold onto for decades. Norfolk itself is the urban core of Hampton Roads, home to the world's largest naval station, a thriving arts district along Granby Street, and quick access to the beach, the tunnels, and the broader seven-city metro. Lambert's Point benefits from all of that without feeling like it's in the middle of it — it reads more like a neighborhood than a corridor, which is a meaningful distinction when you're choosing where to put down roots in Norfolk.

What's nearby

Step outside and daily life falls into place quickly. FR8 House Coffee Co. is 0.2 miles away — a solid morning stop — and Dunkin' is right there too if you need something fast. Dinner is even closer: 37th & Zen is practically at the corner, and Chicken Salad Chick is just down the block. For groceries, Food Lion and The Fresh Market are both within half a mile. When you need to move your body, StretchLab, Club Pilates, and the University Fitness Center are all within four blocks. Fresh air is easy too — 37th Street Park is a three-minute walk, and the Weyanoke Bird and Wildflower Sanctuary is just 0.4 miles away.

For different buyers

For military families relocating

Naval Medical Center Portsmouth is five minutes from the front door, and USCG Base Portsmouth is six. For military households, that kind of commute changes the texture of daily life — more time at home, less time in tunnel traffic. VA loan eligibility makes a home like this especially accessible, and BAH rates for the Portsmouth/Norfolk area align well with this price tier and property size.

For first-time buyers

If you're ready to buy a house in Norfolk and want a neighborhood that actually feels like a neighborhood, Lambert's Point is worth a serious look. Four bedrooms and two baths in 1,990 square feet gives you room to grow, and the walkable block means you're not dependent on a car for every errand. The 1950s construction era means character details you won't find in newer builds.

More buyer questions

How far is 1241 37th Street from Naval Medical Center Portsmouth?

Naval Medical Center Portsmouth is approximately five minutes by car from 1241 37th Street, making it one of the closest residential options to that installation in the area.

How far is 1241 37th Street from USCG Base Portsmouth?

USCG Base Portsmouth is about six minutes away by car — a short, straightforward commute that avoids most of the tunnel congestion common elsewhere in Hampton Roads.

What is the Lambert's Point neighborhood like?

Lambert's Point is a walkable, close-knit urban neighborhood on Norfolk's western peninsula, known for its tree-lined streets, mid-century housing stock, and easy access to parks, restaurants, and coffee shops — all within a few blocks of 1241 37th Street.

Is 1241 37th Street in a flood zone?

Lambert's Point sits on a peninsula between two rivers, so flood zone status is worth reviewing carefully — check the FloodRisk tile on this page for the current FEMA designation specific to this address.

Are there parks or green spaces near 1241 37th Street?

Yes — 37th Street Park is a three-minute walk at 0.3 miles, and the Weyanoke Bird and Wildflower Sanctuary is 0.4 miles away, offering a quiet natural escape within easy walking distance.

Curious about 1241 37th Street or Lambert's Point in general? Tom and Dariya Milan at LPT Realty know this neighborhood well — reach out and let's talk through whether this address fits your next chapter.

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

Schools

Info provided by GreatSchools

Facts & features

The record, sourced

Type

Residential

Year built

1950

Price / sqft

$176

HOA

None

Taxes

$3,696/yr

County

Norfolk VA

Waterfront

Yes

MLS #

10616511

Interior

Bedrooms
4
Full baths
2
Approx. sqft
1,990
Stories
1
Flooring
Laminate/LVP
Ensuite bedrooms
4
First-floor bed & full bath
Yes
Total rooms
8
Other rooms
1st Floor BR, 1st Floor Primary BR, Attic, Breakfast Area, PBR with Bath, Office/Study, Porch, Utility Closet
Appliances
Dishwasher, Disposal, Dryer, Energy Star Appliance(s), Microwave, Elec Range, Refrigerator, Washer
Equipment
Cable Hookup, Ceiling Fan, Security Sys
Accessibility
Level Flooring

Construction & exterior

Style
Ranch
Subtype
Detached
Foundation
Crawl
Roof
Asphalt Shingle
Exterior
Brick
Pool
No Pool
Waterfront
Not Waterfront

Utilities & systems

Heating
Forced Hot Air, Nat Gas
Cooling
Central Air
Water heater
Electric
Water
City/County
Sewer
City/County

Lot, parking & ownership

Subdivision
LAMBERTS POINT
Zoning
R-8
Ownership
Fee Simple
Garage
No
Parking
4 Space, Off Street, Driveway Spc
Possession
7/26/26
Miscellaneous
Rehabilitated

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

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 B

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

Explore this neighborhood

Lamberts Point

Lamberts Point is a waterfront neighborhood in Norfolk, Virginia, situated along the Elizabeth River with views and access to the water.

$312K

Median sale · 12 mo

$191

Sold $/sq ft

33d

Days on market

15

For sale now

$60K

HH income

36.2%

Owner-occupied

REIN MLS closed sales, trailing 12 mo · U.S. Census ACS 2024 5-year

Explore Lamberts Point
Map of Lamberts Point with neighborhood boundaryNeighborhood

homes for sale in Norfolk

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

$2,226/mo

Principal & interest

$1,816

Property tax

$308

Home insurance

$102

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.

Value & history

Judge value on real ground

Asking vs. assessment

116% of $300,500

City assessment record · taxes $3,696/yr

Land share of assessed value

25% — $76,500

Improvements $224,000 · assessor record ✓

Why we show no algorithmic estimate.

National AVMs misprice homes whose value drivers they can't see. Instead: the sourced assessment above, the carrying cost, real price history, and honest comparables below.

Price context — similar nearby homes

$400,000$595,300

The 6 most similar homes nearby (same city, within ~20% of this size, ~2.5 mi; 6 sold). Context for judging the asking price — not an appraisal or an estimate of this home's value.

707 Stockley GDNS · 1.3 mi · 1,996 sqft$500,000 sold 2026-05
641 Redgate AVE #301 · 1.2 mi · 1,899 sqft$400,000 sold 2026-06
809 Botetourt GDNS · 1.4 mi · 2,053 sqft$565,000 sold 2026-05

Sale & Tax History

List Price

$350,000

Price / Sq Ft

$176

Annual Taxes

$3,696

Monthly Tax

$308

HOA

None

Tax Rate (effective)

1.06%

Sale Timeline (this listing)

EventDatePriceDetail
ListedJan 15, 2026$350,000
Currently listed$350,000

Public-Records Assessment

Source: City Assessor via Hampton Roads Regional Parcels.

16% above assessment

Total Assessed

$300,500

Land

$76,500

Improvement

$224,000

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.

Questions buyers ask

Real questions, answered from the record

Is 1241 37th St in a good school zone?+
The assigned zones on the listing record are Larchmont Elementary (GreatSchools 7/10), Blair Middle (GreatSchools 4/10), Maury (GreatSchools 3/10). School attendance zones can change — always confirm enrollment with the local school division.
Is 1241 37th St 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 1241 37th St?+
Yes — StretchLab is about 0.2 miles away, per the cached nearby-places record for this address.
Are there parks near 1241 37th St?+
37th Street Park is about 0.3 miles away.
Where is the nearest grocery store to 1241 37th St?+
Grey Badger Restoration Companies Co. is about 0.5 miles away. The closest dining on record is 37th & Zen (0.1 mi).
Does 1241 37th St have an HOA?+
No — there are no HOA, condo, or association dues on the listing record for this property.
When was 1241 37th St built?+
It was built in 1950, 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

LPT Realty · Hampton Roads · answer their own phone

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

Listing courtesy of Kathryn Kramer · Howard Hanna Real Estate Svcs. · REIN MLS #10616511

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.

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

Call or text (757) 777-7577

1241 37th St, Norfolk, Virginia 23508 · MLS #10616511 · 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.