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Norfolk › GHENT › 40 Rader St #101✓ Source: REIN MLS #10631616 · record updated Sep 9, 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
1,376sqft
138days 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

Facts & features

Type

Residential

Year built

1918

Price / sqft

$229

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, Related to Seller

See more Norfolk waterfront homes.

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

About this home

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

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.

Keep searching in Norfolk

See all Norfolk homes for sale, including homes for sale in 23510, homes for sale zoned for Kings Daughters Hosp. Ep., and homes for sale zoned for W.H. Taylor Elementary School. Browse every listing among homes for sale in Norfolk — updated from the REIN MLS every few minutes. Nearby, look at Ghent homes for sale, Norfolk waterfront homes for sale, Norfolk condos and townhomes for sale, and new construction homes in Norfolk.

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.

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

Norfolk$265K – $365K1+ beds

By subscribing you agree to receive listing emails from Tom & Dariya Milan, Realtors, at most one a day. Unsubscribe anytime · Privacy PolicyBrokered by LPT Realty

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.

$280K

Median sale · 12 mo

$230

Sold $/sq ft

28d

Days on market

38

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

$2,014/mo

Principal & interest

$1,634

Property tax

$288

Home insurance

$92

PMI

None

HOA/Condo (paid separately)

$747

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

Judge value on real ground

Asking vs. assessment

64% of $492,300

City assessment record · taxes $3,456/yr

Land share of assessed value

16% — $77,000

Improvements $415,300 · assessor record ✓

Price context — similar nearby homes

$228,700 – $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.

215 Brooke AVE #510 · 0.5 mi · 1,496 sqft$485,800 sold 2026-08
415 St Pauls BLVD #105 · 0.9 mi · 1,298 sqft$303,000 sold 2026-03
810 S Main St ST · 1.7 mi · 1,428 sqft$320,000 sold 2026-08

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

Sale & Tax History

List Price

$315,000

Price / Sq Ft

$229

Annual Taxes

$3,456

Monthly Tax

$288

Condo fee

$747 / mo

Tax Rate (effective)

1.10%

Sale Timeline (this listing)

EventDatePriceDetail
ListedApr 24, 2026$315,000—
Price reducedSep 9, 2026$315,000−$10,000
Currently listed—$315,000—

Public-Records Assessment

Source: City Assessor via Hampton Roads Regional Parcels.

36% 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

138 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 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

Brokered by 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.

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