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NorfolkDOWNTOWN AREA40 Rader St #308✓ Source: REIN MLS #10622894 · record updated Apr 20, 2026 · synced every 2 min · your inquiry is never resold
40 Rader ST #308, NORFOLK VA 23510 - Main photo
$2,500
$2 / sqft · est. $14/mo →
2beds
2baths
1,320sqft
52days on market

40 Rader St #308, Norfolk, VA 23510

RentedRental · built 1918 · DOWNTOWN AREA

Chapter · The Water

Life on the water

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

Frontage

River ✓ VERIFIED

Source: REIN MLS listing record · waterfront features as listed

About this home

The listing, in the seller's words

Two bedroom, two bath waterfront condo with an exceptional view of the Elizabeth River from the third floor with a balcony. Near Sentara Norfolk General, CHKD and Harbor towers. Great for med students, healthcare employees and military looking for relaxed casual living. A short journey to Harbor Park, Scope, Chrysler Hall, Harrison Opera House and Chrysler Museum. Key fob to parking and building entrance. There's a 24/7 security camera coverage of the parking area and interior common areas. One assigned parking space. Water access for kayaking and paddleboarding. Interior bike storage. Bonus room that can be a study or office space.

Listing courtesy of Marlo Wynn · BHHS RW Towne Property Mgmt · REIN MLS #10622894

Schools

Info provided by GreatSchools

Facts & features

The record, sourced

Type

Rental

Year built

1918

Price / sqft

$2

HOA

None

County

Norfolk VA

Waterfront

Yes

MLS #

10622894

Association amenities

ClubhouseElevatorExercise RmSewerTrash PickupWater

Interior

Bedrooms
2
Full baths
2
Approx. sqft
1,320
Stories
1
Flooring
Carpet, Ceramic, Wood
First-floor bed & full bath
Yes
Other rooms
PBR with Bath, Office/Study
Interior features
Walk-In Closet, Window Treatments
Appliances
Dishwasher, Disposal, Dryer, Microwave, Elec Range, Refrigerator, Washer
Equipment
Cable Hookup, Gar Door Opener, Intercom

Construction & exterior

Style
Mid Rise,Traditional
Foundation
Pile
Roof
Metal
Pool
No Pool
Waterfront
River

Utilities & systems

Heating
Heat Pump
Cooling
Central Air
Water heater
Electric
Water
Call
Sewer
Call

Lot, parking & ownership

Subdivision
DOWNTOWN AREA
Unit / floor
308
Garage
No
Parking
1 Space, Street
Possession
5/1/2026
Disclosures
Crash Zone, Noise < 65 dB

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

In the Downtown Newport News neighborhood of Norfolk. browse Norfolk listings

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

$14/mo

Principal & interest

$13

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

Judge value on real ground

Asking vs. assessment

1% of $492,300

City assessment record

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

$255,000$350,000

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.

429 York ST #4B · 0.2 mi · 1,276 sqft$350,000 sold 2026-06
255 College Cross · 0.3 mi · 1,390 sqft$312,000 sold 2026-05
401 College PL #13 · 0.3 mi · 1,234 sqft$295,000 sold 2026-06

Sale & Tax History

List Price

$2,500

Price / Sq Ft

$2

Annual Taxes

N/A

Monthly Tax

N/A

HOA

None

Tax Rate (effective)

N/A

Sale Timeline (this listing)

EventDatePriceDetail
ListedMar 18, 2026$2,500
SoldApr 20, 2026$2,500

Public-Records Assessment

Source: City Assessor via Hampton Roads Regional Parcels.

99% 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.

Questions buyers ask

Real questions, answered from the record

Is 40 Rader St #308 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 #308 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 40 Rader St #308 a waterfront property?+
Yes. The listing record shows: River.
Does 40 Rader St #308 have an HOA?+
No — there are no HOA, condo, or association dues on the listing record for this property.
When was 40 Rader St #308 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 Marlo Wynn · BHHS RW Towne Property Mgmt · REIN MLS #10622894

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

40 Rader St #308, Norfolk, Virginia 23510 · MLS #10622894 · 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.