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Norfolk › DOWNTOWN AREA › 40 Rader St #413✓ Source: REIN MLS #10648480 · record updated Sep 13, 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
2beds
2baths
1,379sqft
34days 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

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 #413, a two-bedroom, two-bath condo in downtown Norfolk built in 1918. You're steps from Smith Creek Park, coffee shops, and dining. Naval Medical Center Portsmouth is just one minute away, making this an excellent choice for base commuters.

Read the full overview ↓

Why this home stands out

This 1,379-square-foot unit sits in a historic building with genuine downtown character. You get two full baths and a layout that feels spacious for an urban condo. The location puts you within walking distance of Cure Coffeehouse, Sirens Subs, and The Restaurant at Four Eleven York. Proximity to Naval Medical Center Portsmouth and USCG Base Portsmouth means your commute is measured in minutes, not hours.

DOWNTOWN AREA and the Norfolk real estate market

Downtown Norfolk is a walkable neighborhood where daily life centers on local shops, parks, and waterfront access. The streets here blend historic architecture with modern amenities—you'll find groceries at Mercato Di Grazia and MacArthur General Store, fitness at the Blocker Norfolk Family YMCA and Riverview Aquatics Center, and green space at Smith Creek Park and The Pier at Brooke Avenue. Norfolk itself is Virginia's largest city, a vibrant port town with museums, restaurants, and cultural events year-round. Getting around is straightforward: downtown is compact enough to walk, and major routes connect easily to the broader Hampton Roads region. Anyone comparing homes for sale in Norfolk will notice downtown offers urban convenience with genuine neighborhood feel. The area draws people who value walkability and proximity to employers across the military and civilian sectors.

What's nearby

You're surrounded by convenience. Sirens Subs and Cure Coffeehouse sit just 0.3 miles away for quick meals and coffee runs. Marley's @ the Y! and Rich Port Coffee are 0.4 miles out. Groceries are close too: Mercato Di Grazia and MacArthur General Store are each half a mile away. For fitness, Blocker Norfolk Family YMCA is 0.4 miles, and Riverview Aquatics Center is 0.5 miles. Smith Creek Park is just 0.1 miles—perfect for a quick walk or dog time at Ben White Dog Park nearby.

For different buyers

Base commute and VA loan notes

Naval Medical Center Portsmouth is one minute away by car. USCG Base Portsmouth sits three minutes out. VA loan financing is widely available for homes for sale in 23510. You'll find yourself home quickly after your shift, with downtown amenities and a walkable neighborhood that doesn't require a long commute.

For buyers drawn to character

This 1918 building carries genuine historic charm in its bones. Downtown Norfolk's brick streets and century-old architecture create an authentic urban setting. You're steps from local coffee roasters, independent restaurants, and waterfront parks. The neighborhood rewards exploration—galleries, boutiques, and neighborhood spots are woven into the daily fabric here.

More buyer questions

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

It's about one minute by car—one of the shortest commutes in the area. You're essentially at the base's doorstep.

What grocery stores are near this condo?

Mercato Di Grazia and MacArthur General Store are each half a mile away. Amale Tre Focacceria & Italian Deli is 0.7 miles out for specialty items.

Are there parks and outdoor spaces nearby?

Yes. Smith Creek Park is just 0.1 miles away, and The Pier at Brooke Avenue and Ben White Dog Park are both 0.2 miles. Downtown Norfolk has excellent waterfront access.

What schools are zoned for homes for sale zoned for Kings Daughters Hosp. Ep. and homes for sale zoned for W.H. Taylor Elementary School in this area?

This address falls within those school zones. Check with the Norfolk Public Schools office for current assignments and school information.

Is downtown Norfolk walkable?

Absolutely. Coffee shops, restaurants, parks, and groceries are all within a short walk. You can handle most daily errands on foot.

Ready to explore downtown Norfolk living? Contact Tom & Dariya Milan at LPT Realty to schedule a tour of 40 Rader Street #413 today.

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

$249,000 – $303,000

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.

401 College PL #13 · 0.3 mi · 1,234 sqft$295,000 sold 2026-06
123 College PL #1402 · 0.6 mi · 1,297 sqft$290,000 sold 2026-08
415 St Pauls BLVD #105 · 0.9 mi · 1,298 sqft$303,000 sold 2026-03

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

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

34 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

Brokered by 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

Free, no obligation — your inquiry goes to Tom & Dariya, never resold.

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.

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