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NorfolkDOWNTOWN AREA40 Rader St #504✓ Source: REIN MLS #10635681 · record updated Jun 25, 2026 · synced every 2 min · your inquiry is never resold
40 Rader ST #504, NORFOLK VA 23510 - Main photo
40 Rader ST #504, NORFOLK VA 23510 - Photo 2
40 Rader ST #504, NORFOLK VA 23510 - Photo 3
40 Rader ST #504, NORFOLK VA 23510 - Photo 4
40 Rader ST #504, NORFOLK VA 23510 - Photo 5
$579,900
$257 / sqft · est. $4,958/mo →
3beds
2.1baths
2,257sqft
37days on market

40 Rader St #504, 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: Deep Water, Deep Water Access, Dock, River.

Frontage

River ✓ VERIFIED

Dock

Dock

Access

Deep-water access

Source: REIN MLS listing record · waterfront features as listed

About this home

The listing, in the seller's words

**Seller is offering up to 12 months of condo fees with a full price offer**** Rise above the ordinary in this breathtaking two-level penthouse where shimmering water and the glittering Norfolk skyline form a backdrop unlike any other. From sunrise over the harbor to the city lights dancing across the water at dusk, Unit 504 at The Pier offers a rare opportunity to own one of Norfolk's most coveted waterfront and skyline views — a residence where luxury, design, and effortless living converge. Behind the beauty lies peace of mind: a brand-new HVAC system, water heater, and washer/dryer combo mean this residence is as turnkey as it is timeless. Residents enjoy a curated suite of amenities including a state-of-the-art fitness center, elegant clubhouse, private storage, and two dedicated parking spaces. The HOA covers water, trash, cable, flood liability, and building insurance — delivering a truly lock-and-leave lifestyle. Offered as a rare penthouse opportunity at The Pier — schedule your private tour today. Water. Skyline. Sanctuary.

Listing courtesy of Roger Lee · Creed Realty · REIN MLS #10635681

VaHome team overview

Our read on this home

At a glance

A 3-bedroom, 2.1-bath condo spanning 2,257 square feet in a 1918 building at the heart of Norfolk's Downtown Area — where a dog park sits right outside your door, two military bases are minutes away, and the city's best dining is a short stroll.

Read the full overview ↓

Why this home stands out

Units this size in a century-old Downtown Norfolk building are genuinely rare. At 2,257 square feet, 40 Rader Street #504 gives you the kind of square footage most buyers associate with a detached home, wrapped in the architectural character of a 1918 structure. Add in three bedrooms, two and a half baths, and an address that puts Ben White Dog Park literally at street level, and you have a combination that's hard to replicate anywhere else in the city.

DOWNTOWN AREA and the Norfolk real estate market

The Downtown Area is Norfolk's most walkable, most layered neighborhood — a place where converted historic buildings share blocks with independent restaurants, waterfront green space, and a cultural calendar that never really goes quiet. Living here means you're embedded in the city rather than commuting to it. Whether you're browsing what houses for sale in norfolk look like across different neighborhoods or you've already zeroed in on downtown, this pocket of the city consistently draws buyers who want density, character, and convenience in one address. Norfolk itself is the anchor of Hampton Roads — home to the world's largest naval station, a thriving arts scene, and a waterfront that stretches from the Elizabeth River to the Chesapeake Bay. The Downtown Area sits near the center of all of it, with easy access to I-264, the Tide light rail, and the broader Hampton Roads highway network.

What's nearby

Step outside and Ben White Dog Park is essentially your front yard, with Bea Arthur Dog Park just a block further and Smith Creek green space equally close. Cure Coffeehouse is 0.2 miles away for your morning routine, and Marley's @ the Y! and Zinnia Cafe & Events offer solid backup options within half a mile. Dinner options are just as convenient — The Restaurant at Four Eleven York and Sirens Subs are both 0.2 miles out. For groceries, Mercato Di Grazia, Macarthur General Store, and Amale Tre Focacceria & Italian Deli are all within 0.7 miles. Fitness is covered by the Blocker Norfolk Family YMCA at 0.4 miles, Jim White Fitness & Nutrition Studios, and Gym Downtown.

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 shortest base commutes available anywhere in Hampton Roads. For active-duty households using a VA loan or calculating BAH against a downtown address, the math on a unit this size in this location is worth a close look.

For buyers drawn to character

If what you're after is a home with genuine history — not a new build designed to look old — a 1918 structure in the heart of downtown Norfolk delivers that in a way that can't be replicated. Over 2,200 square feet of living space inside a building that predates most of the city's modern development, steps from dog parks, independent coffee shops, and some of the neighborhood's most interesting dining.

More buyer questions

How far is 40 Rader ST #504 from Naval Medical Center Portsmouth?

Naval Medical Center Portsmouth is approximately a one-minute drive from this address, making it one of the closest residential options to that installation in the entire Hampton Roads area.

How far is 40 Rader ST #504 from USCG Base Portsmouth?

USCG Base Portsmouth is about three minutes by car, a notably short commute for active-duty Coast Guard personnel looking for a downtown Norfolk address.

What is the flood zone status for 40 Rader ST #504?

Flood zone designation for this property is displayed in the dedicated FloodRisk tile on this page, which pulls current FEMA map data for the address.

Is there a dog park near 40 Rader ST #504?

Yes — Ben White Dog Park is essentially at the building's doorstep, and Bea Arthur Dog Park is just 0.1 miles away, making this one of the most dog-friendly addresses in downtown Norfolk.

Does 40 Rader ST #504 have an HOA?

This is a condominium unit, so a homeowners association is in place; specific fee details and what the HOA covers are best confirmed through the current property disclosures.

Ready to walk through 40 Rader Street #504 in person? Tom and Dariya Milan at LPT Realty know the Downtown Area well — reach out and let's set up a showing.

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

Schools

Info provided by GreatSchools

Facts & features

The record, sourced

Type

Residential

Year built

1918

Price / sqft

$257

Condo fee

$1,150/mo

Taxes

$7,561/yr

County

Norfolk VA

Waterfront

Yes

MLS #

10635681

Condo association includes

CableClubhouseDockElevatorGround MaintSecuritySewerTrash PickupWater

$1,150/mo condo fee · The Pier Condominium Association · per the REIN MLS listing record — confirm inclusions with the association.

Interior

Bedrooms
3
Full baths
2
Half baths
1
Approx. sqft
2,257
Stories
2
Flooring
Carpet, Ceramic, Laminate/LVP
Total rooms
6
Appliances
Dishwasher, Disposal, Dryer, Microwave, Elec Range, Refrigerator, Washer

Construction & exterior

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

Utilities & systems

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

Lot, parking & ownership

Lot size
0.0291
Subdivision
DOWNTOWN AREA
Unit / floor
2
Ownership
Condo
Garage
No
Parking
Assigned/Reserved, Off Street
Possession
SETTLEMENT
Disclosures
Disclosure Statement, Resale Certif Req

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. 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

$4,958/mo

Principal & interest

$3,009

Property tax

$630

Home insurance

$169

PMI

None

HOA

$1,150

Estimate only. 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

118% of $492,300

City assessment record · taxes $7,561/yr

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

$470,000$700,000

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.

239 College PL · 0.4 mi · 2,248 sqft$695,000 sold 2026-04
728 Yarmouth ST · 0.4 mi · 2,200 sqft$470,000 sold 2026-01
270 Tazewell ST · 0.4 mi · 2,602 sqft$700,000 sold 2026-07

Sale & Tax History

List Price

$579,900

Price / Sq Ft

$257

Annual Taxes

$7,561

Monthly Tax

$630

Condo fee

$1,150 / mo

Tax Rate (effective)

1.30%

Sale Timeline (this listing)

EventDatePriceDetail
ListedMay 19, 2026$579,900
Price reducedJun 25, 2026$579,900−$20,000
Currently listed$579,900

Public-Records Assessment

Source: City Assessor via Hampton Roads Regional Parcels.

18% above 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

37 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

Real questions, answered from the record

Is 40 Rader St #504 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 #504 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 #504?+
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 #504?+
Ben White Dog Park is about 0 miles away.
Where is the nearest grocery store to 40 Rader St #504?+
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 #504 a waterfront property?+
Yes. The listing record shows: Deep Water,Deep Water Access,Dock,River.
Does 40 Rader St #504 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 Condominium Association. Association amenities on record include: Cable, Clubhouse, Dock, Elevator, Ground Maint, Security, Sewer, Trash Pickup, Water.
When was 40 Rader St #504 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 Roger Lee · Creed Realty · REIN MLS #10635681

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 #504, Norfolk — photo

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

Call or text (757) 777-7577

40 Rader St #504, Norfolk, Virginia 23510 · MLS #10635681 · 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.