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NorfolkLAMBERTS POINT1536 W 40th St✓ Source: REIN MLS #10620406 · record updated Jun 3, 2026 · synced every 2 min · your inquiry is never resold
1536 W 40th ST, NORFOLK VA 23508 - Main photo
$3,600
$1 / sqft · est. $20/mo →
8beds
5baths
3,500sqft
97days on market

1536 W 40th St, Norfolk, VA 23508

RentedRental · built 1987 · LAMBERTS POINT

About this home

The listing, in the seller's words

STUDENT HOUSING. House features 8 bedrooms and 5 full bathrooms. Each tenant will have a private room and share a bathroom with only 1 other tenant. All groups, including sports teams and student organizations are welcome. The first floor has a large kitchen and living room which can be used as a common meeting room. Washer and Dryer is at the house, and heating and cooling are served by a dual level HVAC system. This place is near the South West corner of the ODU campus. Lease includes monthly maintenance visits, HVAC filter replacement, light bulb replacements, lawn care, and general maintenance as needed. Lease will start 8/1/2026. Please contact agent directly for showings. Check out the video tour, or email to have it sent to you.

Listing courtesy of Chris Mangold · Abrams Realty · REIN MLS #10620406

Schools

Info provided by GreatSchools

Facts & features

The record, sourced

Type

Rental

Year built

1987

Price / sqft

$1

HOA

None

County

Norfolk VA

Waterfront

Yes

MLS #

10620406

Interior

Bedrooms
8
Full baths
5
Approx. sqft
3,500
Stories
3
Flooring
Carpet, Laminate/LVP
Appliances
Dishwasher, Dryer, Elec Range, Refrigerator, Washer
Equipment
Ceiling Fan

Construction & exterior

Style
Contemp
Foundation
Slab
Roof
Composite
Pool
No Pool
Fencing
Back Fenced,Wood Fence
Waterfront
Not Waterfront

Utilities & systems

Heating
Electric, Heat Pump
Cooling
Central Air, Heat Pump
Water heater
Electric
Water
City/County
Sewer
City/County

Lot, parking & ownership

Subdivision
LAMBERTS POINT
Unit / floor
3
Garage
Yes
Parking
Garage Att 1 Car, 4 Space, Driveway Spc, Street
Possession
LEASE
Disclosures
Crash Zone None, Noise < 65 dB

See more Norfolk homes under $200K.

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 A

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

$20/mo

Principal & interest

$19

Property tax

$0

Home insurance

$1

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 $447,800

City assessment record

Land share of assessed value

11% — $48,500

Improvements $399,300 · 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

$644,000$1,010,000

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.

1337 W Princess Anne RD · 0.8 mi · 3,540 sqft$1,010,000 sold 2026-06
1444 W Princess Anne RD · 0.6 mi · 3,267 sqft$747,500 sold 2026-06
1414 Bolling AVE · 0.7 mi · 3,194 sqft$662,500 sold 2026-04

Sale & Tax History

List Price

$3,600

Price / Sq Ft

$1

Annual Taxes

N/A

Monthly Tax

N/A

HOA

None

Tax Rate (effective)

N/A

Sale Timeline (this listing)

EventDatePriceDetail
ListedFeb 26, 2026$3,600
Price reducedJun 3, 2026$3,600−$1,600
SoldJun 3, 2026$3,600

Public-Records Assessment

Source: City Assessor via Hampton Roads Regional Parcels.

99% below assessment

Total Assessed

$447,800

Land

$48,500

Improvement

$399,300

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 1536 W 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 1536 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 1536 W 40th St have an HOA?+
No — there are no HOA, condo, or association dues on the listing record for this property.
When was 1536 W 40th St built?+
It was built in 1987, 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 Chris Mangold · Abrams Realty · REIN MLS #10620406

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

1536 W 40th St, Norfolk, Virginia 23508 · MLS #10620406 · 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.