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Norfolk › DOWNTOWN AREA › 40 Rader St #504✓ Source: REIN MLS #10651611 · record updated Sep 10, 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
3beds
2.1baths
2,010sqft
8days 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

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 · city assessor · 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

Tom & Dariya's overview

Our read on this home

by Tom & Dariya Milan, REALTORS® · Brokered by LPT Realty

At a glance

This 1918 downtown condo puts you steps from coffee, food, and the waterfront. Three bedrooms and two baths in a walkable neighborhood with a one-minute commute to Naval Medical Center Portsmouth. Urban living with real convenience.

Keep searching in Norfolk

See all Norfolk homes for sale, including homes for sale in 23510, homes for sale zoned for Kings Daughters Hosp. Ep., and homes for sale zoned for W.H. Taylor Elementary School. Browse every listing among homes for sale in Norfolk — updated from the REIN MLS every few minutes. Nearby, look at Downtown Newport News homes for sale, Norfolk waterfront homes for sale, Norfolk condos and townhomes for sale, and new construction homes in Norfolk.

Read the full overview ↓

Why this home stands out

Built in 1918, this 2,010-square-foot unit carries the bones of old Norfolk—tall ceilings, solid construction, character details. You get modern space (three bedrooms, 2.1 baths) in a historic building. The location is the real win: Smith Creek Park is 0.1 miles away, and you're surrounded by independent coffee shops, restaurants, and grocery stores within a few blocks.

DOWNTOWN AREA and the Norfolk real estate market

The downtown area is Norfolk's walkable heart. These blocks mix restored historic buildings with active street life—galleries, shops, restaurants, and parks draw people outside. Housing ranges from renovated condos to new construction, creating a diverse streetscape. Norfolk itself sits at the center of Hampton Roads, where Naval Medical Center Portsmouth and other military installations anchor the region's economy. Getting around is easy: you can walk to most daily needs, and driving to other parts of the city takes just minutes. If you are comparing homes for sale in 23510, note that downtown offers urban convenience without the sprawl.

What's nearby

Daily life is right outside your door. Smith Creek Park and The Pier at Brooke Avenue are less than a quarter-mile away, and Ben White Dog Park sits just two blocks down. Cure Coffeehouse and Marley's @ the Y! are both a short walk, as is The Restaurant at Four Eleven York and Sirens Subs. For groceries, Mercato Di Grazia and Macarthur General Store are half a mile away. Fitness options include Blocker Norfolk Family YMCA and Riverview Aquatics Center, each within walking distance.

For different buyers

Base commute and VA loan notes

One minute to Naval Medical Center Portsmouth; three minutes to USCG Base Portsmouth. The condo's walkable downtown location cuts commute time and stress. VA loan financing is common in this zip code, and the building's established infrastructure means no surprise repairs or lengthy move-in delays.

Room to grow

Three bedrooms and 2.1 baths give you real space to spread out. The 2,010-square-foot layout includes room for a home office or guest room. High ceilings and original woodwork add character, and you're steps from parks, playgrounds, and outdoor space along the waterfront.

More buyer questions

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

About one minute by car. The commute is one of the shortest in the area.

What is there to do within walking distance?

Smith Creek Park and The Pier at Brooke Avenue are steps away. You'll find coffee shops, restaurants, and grocery stores on nearby blocks.

Does the building have parking?

Yes. Parking details are available through your real estate agent.

What is the building's age and condition?

Built in 1918, the building retains original architectural details and has been maintained as a residential condo. The unit itself offers modern living space.

Are there schools nearby for homes for sale zoned for W.H. Taylor Elementary School and homes for sale zoned for Kings Daughters Hosp. Ep.?

Yes, both schools serve this downtown Norfolk address. Your agent can provide specific zoning details and school information.

Ready to explore downtown living? Reach out to Tom & Dariya Milan to schedule a tour of 40 Rader Street today.

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

By subscribing you agree to receive listing emails from Tom & Dariya Milan, Realtors, at most one a day. Unsubscribe anytime · Privacy PolicyBrokered by LPT Realty

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 (FEMA)

Source: FEMA National Flood Hazard Layer · FIRM 510104

High Risk

FEMA flood zone

AE (1% annual chance)

Base flood elevation

9 ft above sea level

Property elevation

3.5 ft above sea level

5.5 ft below BFE

USGS 3DEP digital elevation model

Special Flood Hazard Area — 1% annual chance of flooding. Federal flood insurance is required on most mortgages.

Data sources: Flood zone and base flood elevation come from FEMA\u2019s National Flood Hazard Layer. Property elevation is sampled from a single point on the parcel using the USGS National Map elevation service \u2014 actual elevations across a single property can vary by several feet higher or lower than the figure shown. Use these numbers as a starting reference and do your own due diligence (a professional survey or elevation certificate) before relying on them for any financial, insurance, or construction decision.

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. 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

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 ✓

Price context — similar nearby homes

$227,600 – $785,000

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.

215 Brooke Avenue NONE #802 · 0.5 mi · 2,091 sqft$785,000 sold 2026-09
416 Pendleton ST · 1.6 mi · 2,024 sqft$357,000 sold 2026-03
901 Grayson ST · 1.9 mi · 2,048 sqft$227,600 sold 2026-05

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

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 3, 2026$579,900—
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

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 #504 in a good school zone?+
The assigned zones on the listing record are Walter Herron Taylor Elementary, Blair Middle (VaHome School Score 2.8/10), Maury (VaHome School Score 3.4/10). 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

Brokered by 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.

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