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NorfolkGHENT40 Rader St #101✓ Source: REIN MLS #10631616 · record updated Jul 6, 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
$325,000
$236 / sqft · est. $2,816/mo →
1beds
1baths
1,376sqft
73days on market

40 Rader St #101, Norfolk, VA 23510

ActiveResidential · 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

The listing, in the seller's words

Experience waterfront living at The Pier Condominium in this spacious 1BR/1BA unit offering approximately 1,300 sq ft on the Elizabeth River. This well-maintained condo features two walk-in closets, an updated bathroom with built-in Bluetooth, upgraded electrical, and a large private patio—perfect for relaxing or entertaining. The kitchen is fully equipped with all appliances and ample space for everyday living. Rare value-add opportunity—permits are already in place to convert to a 2-bedroom, offering flexibility to expand or increase rental potential. Includes an assigned boat slip and one reserved parking space—hard-to-find perks that elevate the waterfront lifestyle. Offering strong value for its size and location, just minutes from downtown Norfolk, dining, shopping, and entertainment. Luxury, flexibility, and upside all in one—schedule your showing today.

Listing courtesy of Laura McGuire · VA Realty Professionals · REIN MLS #10631616

VaHome team overview

Our read on this home

At a glance

Meet 40 Rader Street #101 — a 1,376-square-foot, one-bedroom condo in the heart of Ghent, Norfolk, built in 1918 and full of historic character. You're steps from dog parks, coffee shops, and some of the city's best dining, with two military installations just minutes away.

Read the full overview ↓

Why this home stands out

A 1918 building doesn't usually offer 1,376 square feet in a one-bedroom layout, but this Ghent condo does exactly that. The generous floor plan gives you room to breathe — a home office, a proper dining area, or a sitting room that most one-bedrooms simply can't pull off. Add century-old architectural bones to a walkable, arts-forward neighborhood and you have something genuinely hard to replicate in Norfolk.

GHENT and the Norfolk real estate market

Ghent is the neighborhood that people in Norfolk talk about when they talk about living well. Anchored by Colley Avenue and the Hague waterfront, it's a historic district with genuine walkability, independent restaurants, galleries, and a community feel that newer developments spend decades trying to manufacture. If you've been browsing homes for sale in ghent norfolk va, you already know the draw — tree-lined streets, early-20th-century architecture, and a density of interesting things to do within a short walk. The broader Norfolk context matters too: you're in a city with a deep maritime identity, a growing arts scene, and direct access to the wider Hampton Roads metro. Ghent sits in the urban core of Norfolk, which means you're close to everything without sacrificing the neighborhood character that makes an address feel like home. It's the kind of place where you recognize the barista and know your neighbors by name.

What's nearby

Step outside and Ben White Dog Park is essentially at your doorstep, with Bea Arthur Dog Park just a block further — a genuine perk if you have a four-legged roommate. Smith Creek greenspace is also within a short walk. Cure Coffeehouse is 0.2 miles away for your morning routine, and Marley's @ the Y and Zinnia Cafe & Events offer solid alternatives nearby. When dinner calls, The Restaurant at Four Eleven York and Sirens Subs are both under a quarter mile. For groceries, Mercato Di Grazia, Macarthur General Store, and Amale Tre Focacceria & Italian Deli are all within 0.7 miles. The Blocker Norfolk Family YMCA and Jim White Fitness & Nutrition Studios round out the fitness options.

For different buyers

For military families relocating

Naval Medical Center Portsmouth is a one-minute drive from 40 Rader Street, and USCG Base Portsmouth is three minutes out — about as close to two installations as you'll find anywhere in Hampton Roads. If you're weighing your BAH and thinking about a VA loan, this location puts serious commute time back in your pocket every single day.

For first-time buyers

If you're looking at ghent norfolk homes for sale as a first purchase, a 1918 condo with 1,376 square feet gives you more space than most entry-level options in the city. You get a walkable, established neighborhood, historic character, and proximity to parks, coffee, and dining — all without the maintenance demands of a standalone house.

More buyer questions

How far is 40 Rader Street #101 from Naval Medical Center Portsmouth?

Naval Medical Center Portsmouth is approximately a one-minute drive from this address, making it one of the closest residential options to that installation in the area.

What is the square footage of unit 101 at 40 Rader Street?

The unit is 1,376 square feet — unusually spacious for a one-bedroom condo, offering room for a dedicated home office or separate living and dining areas.

Is 40 Rader Street #101 in a flood zone?

Flood zone information for this address is displayed in the FloodRisk tile on this page, which pulls current FEMA map data for the most accurate and up-to-date designation.

Where is the nearest dog park to 40 Rader Street in Ghent?

Ben White Dog Park is essentially adjacent to the property, and Bea Arthur Dog Park is about 0.1 miles away — making this one of the most dog-friendly addresses in Ghent.

Does 40 Rader Street #101 have an HOA?

As a condominium unit in a multi-unit building, this property is governed by a condo association; HOA details including rules and any applicable fees should be confirmed during the due-diligence process.

Ready to see 40 Rader Street #101 in person? Tom and Dariya Milan at LPT Realty know Ghent inside and out — reach out and let's set up a walkthrough.

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

1918

Price / sqft

$236

Condo fee

$747/mo

Taxes

$3,456/yr

County

Norfolk VA

Waterfront

Yes

MLS #

10631616

Condo association includes

CableClubhouseDockElevatorGround MaintSecurity

$747/mo condo fee · The Pier Association · per the REIN MLS listing record — confirm inclusions with the association.

Interior

Bedrooms
1
Full baths
1
Approx. sqft
1,376
Stories
1
Flooring
Carpet, Ceramic
First-floor bed & full bath
Yes
Total rooms
2
Other rooms
1st Floor Primary BR, Assigned Storage, Utility Closet
Appliances
Dishwasher, Disposal, Dryer Hookup, Microwave, Elec Range, Refrigerator, Washer Hookup
Equipment
Cable Hookup, Intercom

Construction & exterior

Style
High-Rise
Subtype
Attached
Foundation
Slab
Roof
Metal
Exterior
Other
Pool
No Pool
Fencing
Wall
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

Lot size
0.0199
Subdivision
GHENT
Unit / floor
1
Ownership
Condo
Garage
No
Parking
1 Space, Assigned/Reserved
Possession
SETTLEMENT
Disclosures
Common Interest Community, Disclosure Statement

See more Norfolk waterfront homes.

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

Flood & environment

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

Flood Risk

Looking up FEMA flood zone…

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, known for its tree-lined streets and early 20th-century architecture.

$288K

Median sale · 12 mo

$232

Sold $/sq ft

23d

Days on market

62

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

Norfolk houses for sale

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

$2,816/mo

Principal & interest

$1,686

Property tax

$288

Home insurance

$95

PMI

None

HOA

$747

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

66% of $492,300

City assessment record · taxes $3,456/yr

Land share of assessed value

16% — $77,000

Improvements $415,300 · 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

$260,000$490,000

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.

123 College PL #801 · 0.6 mi · 1,299 sqft$319,000 sold 2026-02
433 Saint Pauls BLVD #4D · 0.9 mi · 1,368 sqft$260,000 sold 2026-05
305 Brooke AVE #306 · 0.3 mi · 1,550 sqft$490,000 sold 2026-05

Sale & Tax History

List Price

$325,000

Price / Sq Ft

$236

Annual Taxes

$3,456

Monthly Tax

$288

Condo fee

$747 / mo

Tax Rate (effective)

1.06%

Sale Timeline (this listing)

EventDatePriceDetail
ListedApr 24, 2026$325,000
Price reducedJul 6, 2026$325,000−$10,000
Currently listed$325,000

Public-Records Assessment

Source: City Assessor via Hampton Roads Regional Parcels.

34% 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

73 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

Real questions, answered from the record

Is 40 Rader St #101 in a good school zone?+
The assigned zones on the listing record are Walter Herron Taylor Elementary, Blair Middle (GreatSchools 4/10), Maury (GreatSchools 3/10). 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 a condo association?+
Yes — condo association fees are on record for this unit (the current amount is shown in the facts section on this page). The association of record is The Pier Association. Association amenities on record include: Cable, Clubhouse, Dock, Elevator, Ground Maint, Security.
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

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 Laura McGuire · VA Realty Professionals · REIN MLS #10631616

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.

40 Rader St #101, Norfolk — photo

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

Call or text (757) 777-7577

40 Rader St #101, Norfolk, Virginia 23510 · MLS #10631616 · 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.