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NorfolkGHENT40 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

A 1,376-square-foot, one-bedroom condo in a 1918 building puts you inside one of Norfolk's most walkable and storied urban neighborhoods — Ghent — with Naval Medical Center Portsmouth literally one minute away and the Elizabeth River waterfront steps from your door.

Read the full overview ↓

Why this home stands out

What makes 40 Rader Street #101 genuinely unusual is the combination of pre-WWI bones — high ceilings, thick walls, and the kind of architectural character you simply cannot replicate — with a location that places you within a short walk of independent coffee shops, waterfront parks, and a full YMCA. At 1,376 square feet, this is a one-bedroom with real room to breathe, and the proximity to Naval Medical Center Portsmouth is hard to match among houses for sale in Ghent Norfolk VA.

GHENT and the Norfolk real estate market

Ghent is the neighborhood that Norfolkians tend to brag about. Laid out in the late 1800s and named after the Belgian city, it developed its own gravitational pull — tree-lined streets, early-twentieth-century architecture, independent restaurants, and a sense that daily life can actually happen on foot. The neighborhood sits in the heart of Norfolk, Virginia, bordered by the Lafayette River to the north and the Elizabeth River corridor to the south, which gives it both urban energy and genuine green space. Whether you're exploring homes for sale in Norfolk for the first time or returning after a tour elsewhere, Ghent tends to reset the benchmark. The 23510 zip code covers this pocket of the city, and among houses for sale in Ghent Norfolk VA, addresses on Rader Street sit at the quieter, river-adjacent southern edge — close enough to Colley Avenue's dining corridor to enjoy it, far enough to feel residential. Norfolk homes for sale at this price point rarely come with this much square footage and this much history baked into the walls.

What's nearby

Step outside and the neighborhood does the work. Smith Creek Park is a tenth of a mile away — a genuine waterfront green space — and The Pier at Brooke Avenue and Ben White Dog Park are both within two blocks. Cure Coffeehouse is a 0.3-mile walk for morning coffee, and Marley's @ the Y! and Rich Port Coffee are both under half a mile. For food, Sirens Subs and The Restaurant at Four Eleven York are right in the same walkable radius. Grocery runs are equally easy: Mercato Di Grazia and MacArthur General Store are both 0.5 miles out, with Amale Tre Focacceria & Italian Deli close behind. The Blocker Norfolk Family YMCA, Riverview Aquatics Center, and Jim White Fitness & Nutrition Studios round out a fitness scene that most neighborhoods can't touch.

For different buyers

For military families relocating

Naval Medical Center Portsmouth is a one-minute drive — essentially across the bridge — and USCG Base Portsmouth is three minutes out. For a service member or medical professional assigned to either installation, this address removes the commute equation entirely. A VA loan works well here, and the walkable, established character of Ghent means your household has a neighborhood worth coming home to, not just a convenient address.

For buyers drawn to character

If you're the kind of buyer who reads a building's birth year before looking at the floor plan, 40 Rader Street #101 is speaking your language. Built in 1918, the structure carries more than a century of Ghent history. The one-bedroom layout at 1,376 square feet gives you proportions that feel genuinely generous, and the neighborhood around it — among the most architecturally rich in all of Hampton Roads — rewards the kind of buyer who values place as much as property.

More buyer questions

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

Naval Medical Center Portsmouth is approximately one minute by car — a straight shot across the Elizabeth River via the High Street bridge. For anyone assigned there, this is about as close as a Ghent address gets.

What is the flood zone status for 40 Rader Street in Norfolk?

Flood zone designation for this address is displayed in the dedicated FloodRisk tile on this page, which pulls current FEMA map data. Given the property's proximity to the Elizabeth River corridor, reviewing that tile before making decisions is a smart step.

Is 40 Rader Street #101 part of an HOA?

The property is a condominium unit, which means a condominium association governs shared elements of the building and grounds. Whether a traditional HOA structure applies beyond the condo association is worth confirming during due diligence.

How walkable is the Ghent neighborhood around this address?

Very walkable. Smith Creek Park is 0.1 miles away, Cure Coffeehouse and Sirens Subs are 0.3 miles out, the Blocker Norfolk Family YMCA is 0.4 miles, and multiple grocery options sit within half a mile — all without a car.

Where can families comparing homes for sale zoned for Kings Daughters Hosp. Ep. and homes for sale zoned for W.H. Taylor Elementary School find school boundary details?

School zone boundaries are handled in the dedicated Schools tile on this page, which pulls current Norfolk Public Schools assignment data. Boundary lines can shift, so verifying directly with the district before making enrollment decisions is always recommended.

Tom and Dariya Milan at LPT Realty know Ghent inside and out — reach out to talk through what this address means for your move to Norfolk.

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

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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

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.

$282K

Median sale · 12 mo

$230

Sold $/sq ft

28d

Days on market

52

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

$260,000$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.

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
415 Saint Pauls BLVD #309 · 0.9 mi · 1,113 sqft$260,000 sold 2026-06

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 3.5/10), Maury (VaHome School Score 3.8/10). 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

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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.