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✓ Source: REIN MLS #10657565 · record updated Oct 22, 2026 · synced every 2 min · your inquiry is never resold
40 Rader ST #101, NORFOLK VA 23510 - Main photo
40 Rader ST #101, NORFOLK VA 23510 - Photo 2
40 Rader ST #101, NORFOLK VA 23510 - Photo 3
40 Rader ST #101, NORFOLK VA 23510 - Photo 4
40 Rader ST #101, NORFOLK VA 23510 - Photo 5
1beds
1baths
1,300sqft
9days on market

40 Rader St #101, Norfolk, VA 23510

ActiveRental · built 1918 · GHENT

Chapter · The Water

Life on the water

The waterfront is the reason this home exists. Its water record, straight from the listing: Bulkhead, Deep Water, River.

Frontage

River ✓ VERIFIED

Shoreline

Bulkheaded

Access

Deep-water access

Source: REIN MLS listing record · waterfront features as listed

About this home

Enjoy waterfront living at The Pier Condominium! This spacious 1-bedroom, 1-bath rental offers approximately 1,300 sq ft, two walk-in closets, a fully equipped kitchen, an updated bathroom, and a large private patio. Amenities include one assigned parking space, key-fob building and parking access, security cameras, interior bike storage, a dog park, and water access for kayaking and paddleboarding. Rent includes a boat slip, water, sewer, trash, and access to the clubhouse and brand-new gym. Conveniently located near Sentara Norfolk General, CHKD, and downtown Norfolk's dining, shopping, and cultural attractions. This condo offers generous living space in a desirable waterfront setting. Schedule your showing today!

Listing courtesy of Laura McGuire · VA Realty Professionals · REIN MLS #10657565

Facts & features

Type

Rental

Year built

1918

Price / sqft

$2

HOA

None

County

Norfolk VA

Waterfront

Yes

MLS #

10657565

Association amenities

Boat SlipCableClubhouseDockElevatorExercise RmGround MaintSecuritySewerTrash Pickup

Interior

Bedrooms
1
Full baths
1
Approx. sqft
1,300
Stories
1
Flooring
Carpet, Wood
First-floor bed & full bath
Yes
Other rooms
1st Floor Primary BR, Assigned Storage, Utility Closet
Appliances
Dishwasher, Disposal, Dryer Hookup, Microwave, Elec Range, Refrigerator, Washer Hookup
Equipment
Ceiling Fan
Accessibility
Elevator

Construction & exterior

Style
Other
Foundation
Other, Slab
Roof
Metal
Pool
No Pool
Waterfront
Bulkhead,Deep Water,River
Deep-water access
Yes

Utilities & systems

Heating
Electric
Cooling
Central Air
Water heater
Electric
Water
City/County
Sewer
City/County

Lot, parking & ownership

Subdivision
GHENT
Unit / floor
1
Garage
No
Parking
1 Space, Assigned/Reserved
Possession
ASAP
Disclosures
Common Interest Community, Noise < 65 dB, Pre 1978, Related to Landlord

See more Norfolk waterfront homes.

Sources: REIN MLS record · city assessor

Tom & Dariya's overview

Our read on this home

by Tom & Dariya Milan, REALTORS® · Brokered by LPT Realty

At a glance

Meet 40 Rader Street, Unit 101—a one-bedroom, one-bath condo in the heart of Ghent. Built in 1918, this 1,376-square-foot home sits steps from shops, restaurants, and parks. You're just minutes from Naval Medical Center Portsmouth, making it convenient for those seeking urban living with easy base access.

Read the full overview ↓

Why this home stands out

This corner-positioned unit captures the essence of classic Ghent living. High ceilings and original hardwood floors echo the building's historic character. The open floor plan maximizes the compact footprint, and large windows flood the space with natural light. You're surrounded by walkable streets lined with independent cafes, galleries, and boutiques. Homes for sale in Ghent VA blend old-world charm with modern urban energy—and this address delivers both.

GHENT and the Norfolk real estate market

Ghent is Norfolk's most vibrant neighborhood, where tree-lined streets meet brick storefronts and converted lofts. The area thrives on foot traffic: galleries, vintage shops, and farm-to-table restaurants define the blocks around you. Residents walk to coffee, dinner, and weekend errands. The neighborhood draws people who value walkability and character. Norfolk itself is Virginia's largest city, a working waterfront with museums, parks, and a strong military presence. Naval Medical Center Portsmouth sits just one minute away, and USCG Base Portsmouth is three minutes south. Downtown Norfolk and the Elizabeth River waterfront are a short drive or bike ride. Anyone comparing Norfolk homes for sale will notice Ghent's distinct personality—it's the neighborhood where urban living feels like home. Homes for sale in 23510 span various styles, but Ghent's historic character stands apart.

What's nearby

Daily life is easy here. Smith Creek Park is a tenth of a mile away, perfect for a morning walk. The Pier at Brooke Avenue and Ben White Dog Park sit just two blocks out. Sirens Subs and The Restaurant at Four Eleven York are a three-minute walk. Cure Coffeehouse and Marley's @ the Y! serve excellent coffee within walking distance. Mercato Di Grazia and MacArthur General Store handle groceries a half-mile north. The Blocker Norfolk Family YMCA and Riverview Aquatics Center are nearby for fitness and swimming.

For different buyers

Base commute and VA loan notes

Naval Medical Center Portsmouth is one minute away—an exceptional commute for active-duty and civilian personnel. USCG Base Portsmouth sits three minutes south. VA loan financing is widely available in this zip code, and many buyers here leverage their benefits for quick closings. The walkable neighborhood means you can handle daily errands on foot, freeing up time for what matters.

For buyers drawn to character

This 1918-built unit retains original hardwood floors and high ceilings that speak to its era. Ghent's architecture ranges from Victorian row homes to early twentieth-century lofts, all anchored by independent galleries and cafes. You're living in a neighborhood where history and contemporary culture coexist. The brick streets, tree canopy, and human-scale storefronts create the kind of urban village that character-focused buyers seek.

More buyer questions

How far is 40 Rader Street from Naval Medical Center Portsmouth?

Just one minute by car. It's an exceptionally short commute for anyone stationed or employed there.

What is the neighborhood like for walking and dining?

Ghent is highly walkable. You'll find restaurants, cafes, and shops within a few blocks—Sirens Subs and Cure Coffeehouse are a three-minute walk.

Are there parks nearby?

Yes. Smith Creek Park is a tenth of a mile away, and Ben White Dog Park is two blocks out. The Pier at Brooke Avenue offers waterfront access nearby.

What year was this building built, and does it have original character?

The building dates to 1918. This unit retains hardwood floors and high ceilings that reflect its historic era.

Are there grocery stores within walking distance?

Yes. Mercato Di Grazia and MacArthur General Store are about half a mile away, and Amale Tre Focacceria & Italian Deli is nearby for specialty items.

Ready to explore homes for sale in Ghent Norfolk? Contact Tom & Dariya Milan to schedule a tour of this gem today.

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

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$0K – $5K1+ beds

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Schools

VaHome School Score

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

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.

Flood & environment

FEMA flood zone AE · base flood elevation 9 ft · Special Flood Hazard Area (flood insurance typically required) · FIRM 510104

Flood Risk (FEMA)

Source: FEMA National Flood Hazard Layer · FIRM 510104

High Risk

FEMA flood zone

AE (1% annual chance)

Base flood elevation

9 ft above sea level

Property elevation

2.8 ft above sea level

6.2 ft below BFE

USGS 3DEP digital elevation model

Special Flood Hazard Area — 1% annual chance of flooding. Federal flood insurance is required on most mortgages.

Data sources: Flood zone and base flood elevation come from FEMA\u2019s National Flood Hazard Layer. Property elevation is sampled from a single point on the parcel using the USGS National Map elevation service \u2014 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.

Zone AE typically means lenders require flood insurance — factor it into the monthly numbers below.

Hurricane Evacuation Zone

Evacuation Zone A

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

Explore this neighborhood

Ghent

Ghent is a historic neighborhood in Norfolk, Virginia. It is known for tree-lined streets and early 20th-century home styles. The area has restored Victorian homes, charming cottages, and smaller multi-family homes.

$282K

Median sale · 12 mo

$229

Sold $/sq ft

28d

Days on market

33

For sale now

$83K

HH income

31.7%

Owner-occupied

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

Explore Ghent →
Map of Ghent with neighborhood boundaryNeighborhood

houses for sale in Norfolk →

Military Commute

Drive times to nearest bases

NMCP

Navy

18min·3.8mi

USCG Portsmouth

Coast Guard

10min·2.3mi

NNSY

Navy

16min·3.5mi

MARFORCOM

Marines

26min·8mi

NS Norfolk

Navy

22min·8.6mi

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

Payment 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

$13/mo

Principal & interest

$12

Property tax

$0

Home insurance

$1

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 & history

Comparables

Asking vs. assessment

0% of $492,300

City assessment record

Land share of assessed value

16% — $77,000

Improvements $415,300 · assessor record ✓

Price context — similar nearby homes

$240,000 – $485,800

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.

415 St Pauls BLVD #105 · 0.9 mi · 1,298 sqft$303,000 sold 2026-03
215 Brooke AVE #510 · 0.5 mi · 1,496 sqft$485,800 sold 2026-08
415 Saint Pauls BLVD #407 · 0.9 mi · 1,195 sqft$280,000 sold 2026-10

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

Sale & Tax History

List Price

$2,300

Price / Sq Ft

$2

Annual Taxes

N/A

Monthly Tax

N/A

HOA

None

Tax Rate (effective)

N/A

Sale Timeline (this listing)

EventDatePriceDetail
ListedOct 13, 2026$2,300—
Currently listed—$2,300—

Public-Records Assessment

Source: City Assessor via Hampton Roads Regional Parcels.

100% below assessment

Total Assessed

$492,300

Land

$77,000

Improvement

$415,300

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.

Market tempo

9 days on market — read it in context

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

Questions buyers ask

Is 40 Rader St #101 in a good school zone?+
The assigned zones on the listing record are Walter Herron Taylor Elementary, 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 40 Rader St #101 in a flood zone?+
FEMA maps this parcel in Zone AE with a base flood elevation of 9 ft — a high-risk flood band where lenders typically require flood insurance. See the flood section on this page for the full details and sources, and verify with an elevation certificate.
Is there a gym near 40 Rader St #101?+
Yes — Blocker Norfolk Family YMCA is about 0.4 miles away, per the cached nearby-places record for this address.
Are there parks near 40 Rader St #101?+
Ben White Dog Park is about 0 miles away.
Where is the nearest grocery store to 40 Rader St #101?+
Mercato Di Grazia is about 0.6 miles away. The closest dining on record is The Restaurant at Four Eleven York (0.2 mi).
Is 40 Rader St #101 a waterfront property?+
Yes. The listing record shows: Bulkhead,Deep Water,River.
Does 40 Rader St #101 have an HOA?+
No — there are no HOA, condo, or association dues on the listing record for this property.
When was 40 Rader St #101 built?+
It was built in 1918, 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

LM

Listed by

Laura McGuire

VA Realty Professionals

Questions, showings and applications for this rental go to the listing agent.

Listing courtesy of Laura McGuire · VA Realty Professionals · REIN MLS #10657565

Ask Dariya — instant answers

Schools, flood, drive times, what it really costs to own — answered from this page's data, by chat or voice.

Contact the listing agent

This is a rental listed by Laura McGuire, VA Realty Professionals. Showings, availability and application questions go directly to them.

40 Rader St #101, Norfolk — photo

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

40 Rader St #101, Norfolk, Virginia 23510 · MLS #10657565 · 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.