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NorfolkDOWNTOWN AREA40 Rader St #413✓ Source: REIN MLS #10648480 · record updated Aug 19, 2026 · synced every 2 min · your inquiry is never resold
40 Rader ST #413, NORFOLK VA 23510 - Main photo
40 Rader ST #413, NORFOLK VA 23510 - Photo 2
40 Rader ST #413, NORFOLK VA 23510 - Photo 3
40 Rader ST #413, NORFOLK VA 23510 - Photo 4
40 Rader ST #413, NORFOLK VA 23510 - Photo 5
$325,000
$236 / sqft · est. $2,798/mo →
2beds
2baths
1,379sqft
8days on market

40 Rader St #413, Norfolk, VA 23510

ActiveResidential · 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: Bulkhead, Deep Water, Dock.

Frontage

Waterfront ✓ VERIFIED

Dock

Dock

Shoreline

Bulkheaded

Access

Deep-water access

Source: REIN MLS listing record · waterfront features as listed

Facts & features

Type

Residential

Year built

1918

Price / sqft

$236

Condo fee

$726/mo

Taxes

$3,492/yr

County

Norfolk VA

Waterfront

Yes

MLS #

10648480

Interior

Bedrooms
2
Full baths
2
Approx. sqft
1,379
Stories
1
Flooring
Carpet, Ceramic
First-floor bed & full bath
Yes
Total rooms
4
Other rooms
1st Floor BR, 1st Floor Primary BR, Assigned Storage, Balcony
Appliances
Dishwasher, Disposal, Dryer, Dryer Hookup, Microwave, Range, Refrigerator, Washer, Washer Hookup
Equipment
Cable Hookup, Ceiling Fan

Construction & exterior

Style
Mid Rise
Subtype
Attached
Foundation
Other
Roof
Other
Exterior
Other
Pool
No Pool
Waterfront
Bulkhead,Deep Water,Dock
Deep-water access
Yes

Utilities & systems

Heating
Electric, Forced Hot Air, Heat Pump
Cooling
Central Air
Water heater
Electric
Water
City/County
Sewer
City/County

Lot, parking & ownership

Subdivision
DOWNTOWN AREA
Unit / floor
1
Ownership
Condo
Garage
No
Parking
1 Space, Assigned/Reserved, Lot, Off Street
Possession
CLOSING
Disclosures
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

Exquisite waterfront condo, enjoy harbor and city views, with floor to ceiling windows in the primary and common space enhancing this experience. The open floor plan features a contemporary custom kitchen with amazing storage and pantry. The primary bedroom has an en-suite bathroom, a walk-in closet, and an additional storage closet. The secondary bedroom is spacious with a walk-in closet. An additional storage space is also included. One designated parking spot. Mass transit station nearby as well as ferries plying the Elizabeth to historic Portsmouth. Minutes from fine dining, museums, parks, and the interstate, convenient to explore all of Hampton Roads.

Listing courtesy of John Emry · EXIT Realty Central · REIN MLS #10648480

VaHome team overview

Our read on this home

by Tom & Dariya Milan, REALTORS® · LPT Realty

At a glance

A century-old converted loft in Norfolk's Downtown Area puts two bedrooms, two baths, and 1,379 square feet of historic character at your doorstep — with Naval Medical Center Portsmouth less than a mile away and the Elizabeth River waterfront practically in your backyard.

Read the full overview ↓

Why this home stands out

Built in 1918 and thoughtfully converted into residential condos, 40 Rader Street brings together industrial-era bones and modern livability in a way that newer construction simply can't replicate. The fourth-floor position of unit 413 adds elevation and privacy, while the building's century of history gives the space a texture and authenticity that defines the best of Downtown Norfolk living. Two full baths across 1,379 square feet is a generous footprint for an urban condo in this zip code.

DOWNTOWN AREA and the Norfolk real estate market

The Downtown Area neighborhood sits at the heart of Norfolk — a city that has steadily reinvented itself as one of the most walkable, culturally rich urban centers on the East Coast. From Rader Street, you're steps from the Elizabeth River waterfront, surrounded by a mix of renovated historic buildings, independent restaurants, and creative small businesses that give this pocket of the city its distinct energy. Weekend farmers markets, gallery walks, and waterfront events are woven into the rhythm of daily life here. Commuters appreciate the proximity to the Tide light rail and easy access to the Downtown Norfolk business corridor. For anyone comparing Norfolk homes for sale, the Downtown Area offers something increasingly rare — genuine urban character that didn't arrive via a master-planned development. It grew organically over more than a century, and unit 413 at 40 Rader Street is one of the addresses that anchors that story.

What's nearby

Daily errands are easy from this address. Mercato Di Grazia and MacArthur General Store are both within half a mile for grocery runs, with Amale Tre Focacceria & Italian Deli just a bit further for specialty provisions. Coffee is covered by Cure Coffeehouse and Rich Port Coffee, each about a four-minute walk. When you want a sit-down meal, The Restaurant at Four Eleven York and Sirens Subs are both within a few blocks. Fitness options include the Blocker Norfolk Family YMCA at 0.4 miles and Riverview Aquatics Center at 0.5 miles. Outdoor time is just as accessible — Smith Creek is 0.1 miles out, The Pier at Brooke Avenue is 0.2 miles, and Ben White Dog Park is right there for four-legged residents.

For different buyers

For military families relocating

Naval Medical Center Portsmouth is roughly a one-minute drive from 40 Rader Street, and USCG Base Portsmouth is about three minutes out — making this one of the tightest base-to-front-door commutes you'll find among homes for sale in Norfolk. A VA loan can make this historic condo even more accessible, and the two-bedroom, two-bath layout gives military households the space to settle in properly.

For buyers drawn to character

If you've been scrolling past beige new-construction and wondering where the real character went, unit 413 at 40 Rader Street has your answer. A 1918 building converted into residential condos carries the kind of architectural history that can't be manufactured — thick walls, original proportions, and a sense of place that newer buildings spend decades trying to earn. Families comparing homes for sale in 23510 will find this address stands apart.

More buyer questions

How far is 40 Rader Street #413 from Naval Medical Center Portsmouth?

Naval Medical Center Portsmouth is approximately one minute by car from 40 Rader Street — one of the shortest base commutes you'll find in the area. USCG Base Portsmouth is about three minutes away.

Is 40 Rader Street #413 part of an HOA?

Yes, the building operates as a condominium association. HOA membership covers shared building amenities and common area maintenance, though specific fee details are best confirmed through current listing documents.

What is the flood zone status for 40 Rader Street #413?

Flood zone information for this address is displayed in the FloodRisk tile on this page, which pulls current FEMA map data. Given the Downtown Norfolk waterfront location, reviewing that tile before making decisions is recommended.

What school zone does 40 Rader Street #413 fall in?

Buyers comparing homes for sale zoned for Kings Daughters Hosp. Ep. and homes for sale zoned for W.H. Taylor Elementary School will want to verify current Norfolk Public Schools zoning directly, as boundaries can shift between listing cycles.

Can you use a VA loan to purchase a condo at 40 Rader Street?

VA loan eligibility for condos depends on whether the specific building is on the VA-approved condo list — your lender can run that check quickly. When approved, a VA loan can be an excellent fit for the military buyers who make up a large share of interest in this location.

Tom and Dariya Milan at LPT Realty know this neighborhood well. Reach out to get a straight answer on what living at 40 Rader Street #413 actually looks like day to day.

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

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

Norfolk$275K – $375K2+ 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

In the Downtown Newport News neighborhood of Norfolk. homes for sale in Norfolk

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

$2,072/mo

Principal & interest

$1,686

Property tax

$291

Home insurance

$95

PMI

None

HOA/Condo (paid separately)

$726

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

66% of $492,300

City assessment record · taxes $3,492/yr

Land share of assessed value

16% — $77,000

Improvements $415,300 · assessor record ✓

Price context — similar nearby homes

$274,000$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
111 W Tazewell ST #304 · 0.6 mi · 1,655 sqft$350,000 sold 2026-08

Sale & Tax History

List Price

$325,000

Price / Sq Ft

$236

Annual Taxes

$3,492

Monthly Tax

$291

Condo fee

$726 / mo

Tax Rate (effective)

1.07%

Sale Timeline (this listing)

EventDatePriceDetail
ListedAug 11, 2026$325,000
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

8 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 #413 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 #413 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 #413?+
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 #413?+
Ben White Dog Park is about 0 miles away.
Where is the nearest grocery store to 40 Rader St #413?+
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 #413 a waterfront property?+
Yes. The listing record shows: Bulkhead,Deep Water,Dock.
Does 40 Rader St #413 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.
When was 40 Rader St #413 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 John Emry · EXIT Realty Central · REIN MLS #10648480

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 #413, Norfolk — photo

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

Call or text (757) 777-7577

40 Rader St #413, Norfolk, Virginia 23510 · MLS #10648480 · 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.