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Norfolk › COLONIAL PLACE › 418 Delaware Ave #205✓ Source: REIN MLS #10651994 · record updated Oct 5, 2026 · synced every 2 min · your inquiry is never resold
418 Delaware AVE #205, NORFOLK VA 23508 - Main photo
418 Delaware AVE #205, NORFOLK VA 23508 - Photo 2
418 Delaware AVE #205, NORFOLK VA 23508 - Photo 3
418 Delaware AVE #205, NORFOLK VA 23508 - Photo 4
418 Delaware AVE #205, NORFOLK VA 23508 - Photo 5
2beds
2baths
1,025sqft
33days on market

418 Delaware Ave #205, Norfolk, VA 23508

ActiveResidential · built 1988 · COLONIAL PLACE

Facts & features

Type

Residential

Year built

1988

Price / sqft

$203

Condo fee

$379/mo

Taxes

$2,027/yr

County

Norfolk VA

MLS #

10651994

Interior

Bedrooms
2
Full baths
2
Approx. sqft
1,025
Stories
1
Flooring
Carpet, Laminate/LVP
First-floor bed & full bath
Yes
Total rooms
5
Appliances
Dishwasher, Dryer Hookup, Microwave, Range, Refrigerator, Washer Hookup

Construction & exterior

Style
Other
Subtype
Attached
Foundation
Slab
Roof
Asphalt Shingle
Exterior
Vinyl
Pool
No Pool

Utilities & systems

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

Lot, parking & ownership

Lot size
0.0300
Subdivision
COLONIAL PLACE
Unit / floor
2
Ownership
Condo
Garage
No
Parking
1 Space
Possession
SETTLE
Disclosures
Disclosure Statement, Owner Agent

See more Norfolk condos & townhomes.

Sources: REIN MLS record · city assessor · null fields are suppressed, never faked

About this home

Beautifully updated and move-in ready Condo that has an open floor plan! Updated kitchen to include New stainless steel appliances and new granite countertops! NEW HVAC unit. New hot water heater. Luxury vinyl plank floors throughout. Updated fixtures throughout, fresh neutral paint! Public boat ramp at the end of the street and dog park across the street. ODU, EVMS, Norfolk Naval station and several eateries nearby! Move in stay for a few years and then rent it out and keep it in your portfolio. Closing cost assistance available with acceptable offer.

Listing courtesy of Kenneth Foster · COVA Home Realty · REIN MLS #10651994

Tom & Dariya's overview

Our read on this home

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

At a glance

Meet 418 Delaware Avenue #205, a two-bedroom, two-bath condo in the heart of Colonial Place. Built in 1988, this 1,025-square-foot home offers urban convenience and walkable neighborhood charm. You're just minutes from Naval Medical Center Portsmouth and the cultural energy of downtown Norfolk.

Read the full overview ↓

Why this home stands out

This corner-unit condo sits on a tree-lined street in one of Norfolk's most established neighborhoods. The open floor plan, updated fixtures, and in-unit laundry make daily life straightforward. Two full baths serve the two bedrooms, and large windows flood the space with natural light. The location puts you steps from shops, restaurants, and parks—no car required for errands.

COLONIAL PLACE and the Norfolk real estate market

Colonial Place is a walkable, mixed-use neighborhood where brick buildings and tree-canopied streets define the character. Residents enjoy easy access to local coffee shops, galleries, and restaurants without leaving the block. The neighborhood has a strong sense of community, with regular events and a friendly vibe that draws people back year after year. Norfolk itself is Virginia's largest city, home to world-class museums, the waterfront, and a thriving arts scene. Getting around is straightforward: major roads connect you to Naval Station Norfolk, the airport, and the beach communities. If you're comparing homes for sale in Norfolk, note that Colonial Place offers the rare combination of urban walkability and residential calm.

What's nearby

You're walking distance to Colonial Avenue's shops and cafes, and the Chrysler Museum of Art is a short stroll away. The Elizabeth River waterfront and downtown Norfolk's dining scene are minutes on foot. Grocery stores, pharmacies, and fitness centers dot the neighborhood. The area's tree-lined parks offer green space and recreation. Naval Medical Center Portsmouth is about six minutes away by car, and USCG Base Portsmouth is seven minutes.

For different buyers

Base commute and VA loan notes

Naval Medical Center Portsmouth is roughly six minutes away, and USCG Base Portsmouth sits seven minutes out. VA loan financing is common in this zip code and the neighborhood welcomes move-in-ready buyers. The condo's in-unit laundry and updated systems mean you can settle in fast.

For first-time buyers

This condo offers an affordable entry point to homeownership in an established neighborhood. Two full baths and an open layout give you room to grow without excess space to maintain. The walkable location means lower transportation costs. Anyone comparing homes for sale in 23508 will find this address strikes a smart balance between urban access and residential peace.

More buyer questions

How far is 418 Delaware Avenue from Naval Medical Center Portsmouth?

The commute is about six minutes by car, making it convenient for daily travel to the base.

What's included in the condo at 418 Delaware Avenue?

The unit features two bedrooms, two full baths, in-unit laundry, and an open floor plan with large windows throughout.

Is Colonial Place a walkable neighborhood?

Yes. Shops, cafes, galleries, and parks are all within walking distance, so you can handle most errands on foot.

What schools are nearby if you're looking at homes for sale zoned for James Monroe Elementary School or homes for sale zoned for Kings Daughters Hosp. Ep.?

Both schools serve the Colonial Place area and are accessible from this address.

When was this condo built?

The building was constructed in 1988 and has been well maintained with modern updates to key systems.

Ready to explore this Colonial Place condo? Contact Tom & Dariya Milan at LPT Realty to schedule a tour and learn more about 418 Delaware Avenue.

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

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

Norfolk$175K – $240K2+ 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 8 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

8 ft above sea level

Property elevation

5 ft above sea level

3.0 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

Explore this neighborhood

Colonial Place

Colonial Place is a historic neighborhood in Norfolk, Virginia. It is known for streets lined with trees and homes from the early 20th century.

$405K

Median sale · 12 mo

$226

Sold $/sq ft

15d

Days on market

13

For sale now

$85K

HH income

56.4%

Owner-occupied

REIN MLS closed sales, trailing 12 mo · U.S. Census ACS 2024 5-year

Explore Colonial Place →
Map of Colonial Place with neighborhood boundaryNeighborhood

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

$1,309/mo

Principal & interest

$1,079

Property tax

$169

Home insurance

$61

PMI

None

HOA/Condo (paid separately)

$379

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

104% of $199,700

City assessment record · taxes $2,027/yr

Land share of assessed value

11% — $22,600

Improvements $177,100 · assessor record ✓

Price context — similar nearby homes

$210,000 – $267,500

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.

230 College PL ##215 · 2.3 mi · 1,021 sqft$267,500 sold 2026-08
415 E Freemason ST #3A · 2.3 mi · 1,026 sqft$210,000 sold 2026-03
230 W Tazewell ST #103 · 2.4 mi · 1,033 sqft$240,000 sold 2026-09

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

Sale & Tax History

List Price

$208,000

Price / Sq Ft

$203

Annual Taxes

$2,027

Monthly Tax

$169

Condo fee

$379 / mo

Tax Rate (effective)

0.97%

Sale Timeline (this listing)

EventDatePriceDetail
ListedSep 2, 2026$208,000—
Price reducedOct 5, 2026$208,000−$1,000
Currently listed—$208,000—

Public-Records Assessment

Source: City Assessor via Hampton Roads Regional Parcels.

Asking near assessment

Total Assessed

$199,700

Land

$22,600

Improvement

$177,100

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

33 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 418 Delaware Ave #205 in a good school zone?+
The assigned zones on the listing record are James Monroe Elementary (VaHome School Score 3.2/10), 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 418 Delaware Ave #205 in a flood zone?+
FEMA maps this parcel in Zone AE with a base flood elevation of 8 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.
Does 418 Delaware Ave #205 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 Lafayette Cove Condominiums.
When was 418 Delaware Ave #205 built?+
It was built in 1988, 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 Kenneth Foster · COVA Home Realty · REIN MLS #10651994

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.

418 Delaware Ave #205, Norfolk — photo

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

Call or text (757) 777-7577

418 Delaware Ave #205, Norfolk, Virginia 23508 · MLS #10651994 · 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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