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NorfolkDOWNTOWN AREA40 Rader St #504✓ Source: REIN MLS #10651611 · record updated Sep 2, 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
$289 / sqft · est. $4,958/mo →
3beds
2.1baths
2,010sqft
0days on market

40 Rader St #504, Norfolk, VA 23510

New ListingResidential · 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

Facts & features

Type

Residential

Year built

1918

Price / sqft

$289

Condo fee

$1,150/mo

Taxes

$7,561/yr

County

Norfolk VA

Waterfront

Yes

MLS #

10651611

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
2,010
Stories
2
Flooring
Carpet, Ceramic, Laminate/LVP
Ensuite bedrooms
1
Total rooms
6
Other rooms
Assigned Storage, Foyer, PBR with Bath, Pantry, Utility Closet
Appliances
Dishwasher, Disposal, Dryer, Microwave, Elec Range, Refrigerator, Washer
Equipment
Ceiling Fan
Accessibility
Elevator

Construction & exterior

Style
Mid Rise
Subtype
Attached
Foundation
Pile
Roof
Other
Exterior
Other
Sustainability
Concrete Construction
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 · null fields are suppressed, never faked

About this home

SELLER OFFERING UP TO $14,000 BUYER CREDIT! Use it toward an interest-rate buydown, eligible closing costs, or condo fees—giving buyers flexibility to make this luxury waterfront home more affordable. Major updates include a new HVAC system, water heater, and washer/dryer combination, providing additional peace of mind for the next owner. Two Levels. Waterfront Views. More Than a Century of Norfolk History. Welcome to 40 Rader St, Unit 504, where waterfront living places you within easy reach of some of Norfolk's best entertainment, dining and experiences. Spend an evening enjoying Waterside District, waterfront restaurants and live music, or experience signature Norfolk events including Harborfest, the Norfolk Waterfront Jazz Festival and seasonal festivals at Town Point Park. Watch yachts and boats travel the Elizabeth River, enjoy the energy of Downtown Norfolk, or turn vacation mode on with Carnival cruises departing right from Norfolk. And when the festivities are over, come home to your own two-level waterfront retreat with panoramic views. Historic character. Waterfront scenery. Dining. Festivals. Yachts. Cruises. Entertainment. And don't forget the $14,000 seller credit! Buy down your interest rate, apply it toward allowable closing costs, or use it toward condo fees. You choose how to make the incentive work best for you, subject to lender and association requirements. The condo association includes water, trash, cable, flood liability coverage, and building insurance, along with access to a fitness center, clubhouse, private storage, and two dedicated parking spaces. Come see the views, experience the lifestyle, and discover why Unit 504 may be the waterfront home you've been waiting for. This isn't simply a place to live — it's a Norfolk waterfront lifestyle. Schedule your private tour today.

Listing courtesy of Roger Lee · Creed Realty · REIN MLS #10651611

VaHome team overview

Our read on this home

by Tom & Dariya Milan, REALTORS® · LPT Realty

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.

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

Norfolk$490K – $670K3+ 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.

In the Downtown Newport News neighborhood of Norfolk. houses 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

$3,808/mo

Principal & interest

$3,009

Property tax

$630

Home insurance

$169

PMI

None

HOA/Condo (paid separately)

$1,150

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

Price context — similar nearby homes

$342,500$585,000

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.

303 Brooke AVE #201 · 0.3 mi · 1,800 sqft$585,000 sold 2026-03
301 Brooke AVE #305 · 0.4 mi · 1,766 sqft$399,999 sold 2026-02
415 Saint Pauls BLVD #709 · 0.9 mi · 2,063 sqft$500,000 sold 2026-04

Sale & Tax History

List Price

$579,900

Price / Sq Ft

$289

Annual Taxes

$7,561

Monthly Tax

$630

Condo fee

$1,150 / mo

Tax Rate (effective)

1.30%

Sale Timeline (this listing)

EventDatePriceDetail
ListedSep 2, 2026$579,900
Currently listed$579,900

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

0 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 #504 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 #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 #10651611

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 #10651611 · 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.