176 days on market
$595,000
40 Rader St #505
Norfolk, Virginia 23510
MLS# 10596671 · DOWNTOWN AREA · Norfolk VA
Updated Feb 1, 2026 · Source: REIN MLS
Est. payment
$3,816/mo
Edit below
Price / sq ft
$322
1,848 sq ft
Days on market
176
HOA
None
Year built
1918
108 yrs old
Beds
2
Full Baths
2
Half Baths
1
Sq Ft
1,848
Garage
No
Schools
- ElementaryW.H. Taylor Elementary School8/10
- MiddleBlair Middle School4/10
- —
Info provided by GreatSchools
About this home
This is the one! Dramatic water views on two floors in this Penthouse overlooking the Elizabeth River and downtown Skyline. Floor to ceiling windows, skylights, private balconies on 2 levels, and even a secluded rooftop terrace for gardens in a flower pot and sunbathing. The two assigned parking spots #2 & #3 are in a gated lot just steps from the building lobby entrance. The Pier Condominium is extremely well manage…
Listed by Bill Anderson · BHHS RW Towne Realty
Location & Neighborhood
Location & Street View
40 Rader ST #505, Norfolk
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Map data ©Google. Click and drag inside the map to explore the surrounding area.
Flood Risk
Property Details
Bedrooms
2
Full Baths
2
Half Baths
1
Approx Sq Ft
1,848
Stories
2
Fireplaces
0
Flooring
Ceramic, Marble, Wood
Heating
Cooling
Laundry
Interior Features
N/A
Appliances
Dishwasher, Disposal, Dryer, Microwave, Elec Range, Refrigerator
Sale & Tax History
List Price
$595,000
Price / Sq Ft
$322
Annual Taxes
$6,659
Monthly Tax
$555
HOA
None
Tax Rate (effective)
1.12%
Sale Timeline (this listing)
| Event | Date | Price | Detail |
|---|---|---|---|
| Listed | Nov 14, 2025 | $595,000 | — |
| Currently listed | — | $595,000 | — |
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:
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.
About buying in Norfolk
Norfolk offers some of the most diverse housing options in Hampton Roads — historic Ghent townhomes, Larchmont craftsmen, modern downtown condos, and bungalow neighborhoods in Park Place and Colonial Place. As home to Naval Station Norfolk (the largest naval complex in the world) and the headquarters of NATO Allied Command Transformation, the city has consistent demand from active-duty military, DoD civilians, and contractors, making it especially friendly to VA loan buyers.
Military Commute
Drive times to nearest basesDrive 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.
Estimate your monthly payment
$3,816/moPrincipal & interest
$3,087
Property tax
$555
Home insurance
$174
PMI
None
HOA
None
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.
Listed by BHHS RW Towne Realty · MLS# 10596671
Data provided by REIN MLS. Information deemed reliable but not guaranteed.
$595,000
40 Rader ST #505, NORFOLK VA 23510
Norfolk, Virginia 23510
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