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NorfolkLAMBERTS POINT1262 40th St✓ Source: REIN MLS #10636227 · record updated Jun 24, 2026 · synced every 2 min · your inquiry is never resold
1262 40th ST, NORFOLK VA 23508 - Main photo
1262 40th ST, NORFOLK VA 23508 - Photo 2
$1,595
$1 / sqft · est. $9/mo →
2beds
2baths
1,100sqft
33days on market

1262 40th St, Norfolk, VA 23508

RentedRental · built 1920 · LAMBERTS POINT

About this home

The listing, in the seller's words

2 BEDROOM, 2 FULL BATH HOME, DETACHED GARAGE AND 2 CAR DRIVEWAY. FRONT PORCH, FENCED BACKYARD, GREAT LOCATION NEAR ODU, NAVAL BASES, GHENT AND THE RAILROAD ENTERTAINMENT DISTRICT.

Listing courtesy of Terry Fraley · Infinity Real Estate Group · REIN MLS #10636227

Schools

Info provided by GreatSchools

Facts & features

The record, sourced

Type

Rental

Year built

1920

Price / sqft

$1

HOA

None

County

Norfolk VA

Waterfront

Yes

MLS #

10636227

Interior

Bedrooms
2
Full baths
2
Approx. sqft
1,100
Stories
1
Flooring
Ceramic, Wood
Ensuite bedrooms
1
First-floor bed & full bath
Yes
Appliances
Dryer, Dryer Hookup, Gas Range, Refrigerator, Washer, Washer Hookup

Construction & exterior

Style
Bungalow
Foundation
Crawl
Roof
Composite
Pool
No Pool
Fencing
Back Fenced
Waterfront
Not Waterfront

Utilities & systems

Heating
Forced Hot Air
Cooling
16+ SEER A/C, Central Air
Water heater
Gas
Water
City/County
Sewer
City/County

Lot, parking & ownership

Subdivision
LAMBERTS POINT
Unit / floor
1
Garage
Yes
Parking
Garage Det 1 Car, 2 Space, Off Street
Possession
LEASE
Disclosures
Crash Zone None, Noise < 65 dB, Pre 1978

See more Norfolk homes under $200K.

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

Flood & environment

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

see more Norfolk homes

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

$9/mo

Principal & interest

$8

Property tax

$0

Home insurance

$0

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

1% of $190,500

City assessment record

Land share of assessed value

34% — $64,700

Improvements $125,800 · 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

$235,000$359,000

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.

726 W 27th ST · 0.7 mi · 1,089 sqft$305,000 sold 2026-03
1344 W 40th ST · 0.1 mi · 936 sqft$237,000 sold 2026-05
824 W 41st ST · 0.5 mi · 1,206 sqft$235,000 sold 2026-05

Sale & Tax History

List Price

$1,595

Price / Sq Ft

$1

Annual Taxes

N/A

Monthly Tax

N/A

HOA

None

Tax Rate (effective)

N/A

Sale Timeline (this listing)

EventDatePriceDetail
ListedMay 22, 2026$1,595
Price increasedMay 28, 2026$1,595+$100
SoldJun 24, 2026$1,595

Public-Records Assessment

Source: City Assessor via Hampton Roads Regional Parcels.

99% below assessment

Total Assessed

$190,500

Land

$64,700

Improvement

$125,800

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 1262 40th 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 there a gym near 1262 40th St?+
Yes — UNIVERSITY FITNESS CENTER is about 0.3 miles away, per the cached nearby-places record for this address.
Are there parks near 1262 40th St?+
37th Street Park is about 0.3 miles away.
Where is the nearest grocery store to 1262 40th St?+
Grey Badger Restoration Companies Co. is about 0.4 miles away. The closest dining on record is Serina Cafe (0 mi).
Does 1262 40th St have an HOA?+
No — there are no HOA, condo, or association dues on the listing record for this property.
When was 1262 40th St built?+
It was built in 1920, 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 Terry Fraley · Infinity Real Estate Group · REIN MLS #10636227

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.

1262 40th St, Norfolk — photo

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

Call or text (757) 777-7577

1262 40th St, Norfolk, Virginia 23508 · MLS #10636227 · 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.