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✓ Source: REIN MLS #10655565 · record updated Nov 9, 2026 · synced every 2 min · your inquiry is never resold
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$155,000est. $1,013/mo all-in · adjust →
3beds
2baths
800sqft
$194per sqft
42days on market

1534 W 40th St, Norfolk, VA 23508

ActiveResidential · built 1992 · 0.06 acres · LAMBERTS POINT · MLS #10655565

Price per sqft$194compare with nearby salesSchools
MauryHigh3.4
BlairMiddle2.8
LarchmontElementary7.1
VaHome School ScoreFlood
Moderate risk · 0.2% annual chanceZone X
flood insurance not requiredHOANoneno HOA fee on the MLS recordEst. payment$1,013/moall-in · 20% down · 6.75% · adjustPrice since listing…checking price historyTaxes$1,964/yrasking is 97% of assessmentCondo feeNAnot a condo

OverviewAbout this home

Charming single-family home in a great location near shopping, restaurants, schools. Needs some TLC, a great investment property.

Listing courtesy of Michelle Boggs · REIN MLS #10655565

Facts & features

TypeResidential
Year built1992
Price / sqft$194
HOANone
Taxes$1,964/yr
CountyNorfolk VA
MLS #10655565

Interior

Bedrooms
3
Full baths
2
Approx. sqft
800
Stories
1
Flooring
Vinyl
First-floor bed & full bath
Yes
Total rooms
8
Other rooms
1st Floor BR
Appliances
Dryer, Dryer Hookup, Elec Range, Washer, Washer Hookup
Equipment
Cable Hookup, Ceiling Fan

Construction & exterior

Style
Traditional
Subtype
Detached
Foundation
Crawl
Roof
Asphalt Shingle
Exterior
Vinyl
Pool
No Pool
Fencing
Back Fenced,Privacy,Wood Fence

Utilities & systems

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

Lot, parking & ownership

Lot size
0.0600
Subdivision
LAMBERTS POINT
Zoning
R-8
Ownership
Fee Simple
Garage
No
Parking
Driveway Spc, Street
Possession
IMMEDIATELY
Miscellaneous
Fixer Upper
Disclosures
Disclosure Statement

See more Norfolk homes under $200K.

Sources: REIN MLS record · city assessor

Keep searching in Norfolk

See all Norfolk homes for sale, including homes for sale in 23508, homes for sale zoned for Maury High School, and homes for sale zoned for Larchmont Elementary School. Nearby, look at Lamberts Point homes for sale, Norfolk waterfront homes for sale, Norfolk condos and townhomes for sale, and new construction homes in Norfolk.

Schools · VaHome School ScoreAssigned schools

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

HighMaury High School
3.4/10
Down 0.4 from 2024–25
MiddleBlair Middle School
2.8/10
Down 0.7 from 2024–25
ElementaryLarchmont Elementary School
7.1/10
Up 0.2 from 2024–25

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.

How Far Is?

Driving distance by road and typical drive time via Google Maps, to the nearest location of each.

Also nearby

Distances are straight-line (as the crow flies) from this property, not driving miles. Places within ~1 mile, nearest first. Powered by Google Places.

Homes like this one sell fast — see the next one first

Norfolk$130K – $180K3+ beds

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Military Commute

Drive times to nearest bases

NMCP

Navy

16min·6.6mi

USCG Portsmouth

Coast Guard

21min·5.5mi

NNSY

Navy

18min·7.6mi

MARFORCOM

Marines

19min·5.7mi

NS Norfolk

Navy

18min·6.5mi

Typical drive times from Google Maps, without live traffic. Rush hour and tunnel backups can add time.

Flood & environmentFlood risk (FEMA)

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

Flood Risk (FEMA)

Source: FEMA National Flood Hazard Layer · FIRM 510104

Low / Moderate Risk

FEMA flood zone

X (low to moderate risk)

Base flood elevation

Not applicable in low-risk zones

Zone X is outside the Special Flood Hazard Area; FEMA doesn’t define a BFE here.

Property elevation

8.5 ft above sea level

USGS 3DEP digital elevation model

Outside the high-risk Special Flood Hazard Area. Federal flood insurance is NOT required, though optional preferred-rate NFIP coverage is still worth considering in coastal Hampton Roads.

Data sources: Flood zone and base flood elevation come from FEMA’s National Flood Hazard Layer. Property elevation is sampled from a single point on the parcel using the USGS National Map elevation service — actual elevations across a single property can vary by several feet higher or lower than the figure shown. Use these numbers as a starting reference and do your own due diligence (a professional survey or elevation certificate) before relying on them for any financial, insurance, or construction decision.

Hurricane Evacuation Zone

Evacuation Zone A

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

Explore this neighborhoodLamberts Point

Lamberts Point is a neighborhood on the water in Norfolk, Virginia. It sits along the Elizabeth River, with water views and water access. The homes range from settled properties to newer developments.

$300KMedian sale · 12 mo
$199Sold $/sq ft
38dDays on market
4For sale now
$60KHH 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

Norfolk VA homes for sale →

CostPayment calculator

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

$1,013/mo

Principal & interest

$804

Property tax

$164

Home insurance

$45

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 & historyComparables

Asking vs. assessment97% of $159,700City assessment record · taxes $1,964/yr
Land share of assessed value20% · $32,000Improvements $127,700 · assessor record ✓
Price context: similar nearby homes$175,000 – $210,000The 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.
1323 Colonial AVE #4 · 1.5 mi · 786 sqft$210,000 sold 2026-03
416 Pembroke AVE #C · 1.9 mi · 800 sqft$190,000 sold 2026-03
207 Westover AVE #202 · 1.9 mi · 800 sqft$175,000 sold 2026-10

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

Sale & Tax History

List Price

$155,000

Price / Sq Ft

$194

Annual Taxes

$1,964

Monthly Tax

$164

HOA

None

Tax Rate (effective)

1.27%

Sale Timeline (this listing)

EventDatePriceDetail
ListedSep 28, 2026$155,000—
Price reducedNov 9, 2026$155,000−$15,000
Currently listed—$155,000—

Public-Records Assessment

Source: City Assessor via Hampton Roads Regional Parcels.

Asking near assessment

Total Assessed

$159,700

Land

$32,000

Improvement

$127,700

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.

42 days on market: read it in context

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

CompareThis home next to what else is for sale nearby

HomePriceBedsBathsSqft$ / sqft
1534 W 40th Stthis home$155,00032800$194
Loading nearby homes for sale…

Active comparables from the REIN MLS, the same homes shown under Comparable Properties. Context for judging the asking price, not an appraisal.

Questions buyers ask

Is 1534 W 40th St in a good school zone?
The assigned zones on the listing record are Larchmont Elementary (VaHome School Score 7.1/10), Blair Middle (VaHome School Score 2.8/10), Maury (VaHome School Score 3.4/10). School attendance zones can change — always confirm enrollment with the local school division.
Is 1534 W 40th 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.
Does 1534 W 40th St have an HOA?
No — there are no HOA, condo, or association dues on the listing record for this property.
When was 1534 W 40th St built?
It was built in 1992, per the listing record.

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

Tom and Dariya Milan

Tom & Dariya Milan | LPT Realty

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1534 W 40th St, Norfolk, Virginia 23508 · MLS #10655565 · 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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