For sale

Price cut: $10K (7/6)

$325,000

40 Rader St APT 101, Norfolk, VA 23510

1beds

1,376sqft

$2,897/mo

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Condominium

Built in 1918

-- sqft lot

$-- Zestimate^®

$236/sqft

$747/mo HOA

What's special

Assigned boat slipUpgraded electricalTwo walk-in closets

Experience waterfront living at The Pier Condominium in this spacious 1BR/1BA unit offering approximately 1,300 sq ft on the Elizabeth River. This well-maintained condo features two walk-in closets, an updated bathroom with built-in Bluetooth, upgraded electrical, and a large private patio—perfect for relaxing or entertaining. The kitchen is fully equipped with all appliances and ample space for everyday living. Rare value-add opportunity—permits are already in place to convert to a 2-bedroom, offering flexibility to expand or increase rental potential. Includes an assigned boat slip and one reserved parking space—hard-to-find perks that elevate the waterfront lifestyle. Offering strong value for its size and location, just minutes from downtown Norfolk, dining, shopping, and entertainment. Luxury, flexibility, and upside all in one—schedule your showing today.

108 days

153

3

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 1
Bathrooms: 1
Full bathrooms: 1

Rooms

Room types: 1st Floor Primary BR, Assigned Storage, Utility Closet

Primary bedroom

Level: First

Heating

Electric

Cooling

Central Air

Appliances

Included: Dishwasher, Disposal, Microwave, Electric Range, Refrigerator, Electric Water Heater
Laundry: Dryer Hookup, Washer Hookup

Features

Walk-In Closet(s)
Flooring: Carpet, Ceramic Tile
Has fireplace: No

Interior area

Total interior livable area: 1,376 sqft

Property

Parking

Total spaces: 1
Parking features: 1 Space, Assigned

Accessibility

Accessibility features: Handicap

Features

Levels: One
Stories: 1
Exterior features: Inground Sprinkler
Pool features: None
Fencing: Wall,Fenced
Has view: Yes
View description: Water
Has water view: Yes
Water view: Water
Waterfront features: Bulkhead, Deep Water, River Front

Lot

Size: 866 Square Feet
Features: Cul-De-Sac

Details

Parcel number: 34077725
Other equipment: Intercom

Construction

Type & style

Home type: Condo
Property subtype: Condominium
Attached to another structure: Yes

Materials

Other
Foundation: Slab
Roof: Metal

Condition

New construction: No
Year built: 1918

Utilities & green energy

Sewer: City/County
Water: City/County
Utilities for property: Cable Hookup

Community & HOA

Community

Subdivision: Ghent

HOA

Has HOA: Yes
Amenities included: Cable TV, Clubhouse, Dock, Elevator(s), Landscaping, Security
Second HOA fee: $747 monthly

Location

Region: Norfolk

Financial & listing details

Price per square foot: $236/sqft
Tax assessed value: $281,000
Annual tax amount: $3,456
Date on market: 4/25/2026

Estimated market value

Not available

Estimated sales range

Not available

$1,705/mo

Price history

Price history is unavailable.

Public tax history

Year	Property taxes	Tax assessment
2025	$3,456 +7.6%	$281,000 +7.6%
2024	$3,213 +0.2%	$261,200 +1.9%
2023	$3,205 +24.5%	$256,400 +24.5%
2022	$2,574 +18.3%	$205,900 +18.3%
2021	$2,175 +3.3%	$174,000 +3.3%
2020	$2,106	$168,500
2019	$2,106 +0%	$168,500
2018	$2,106 -1.8%	$168,500 -9.7%
2017	$2,146	$186,600 -5.7%
2016	$2,146 -4.8%	$197,800
2015	$2,254	$197,800
2014	$2,254	$197,800
2013	--	$197,800
2012	--	$197,800 -8%
2011	--	$215,000 -1.7%
2010	--	$218,700
2009	--	$218,700 -18.3%
2008	--	$267,800 -0.1%
2007	--	$268,200 +21.2%
2006	--	$221,300 +49.6%
2005	--	$147,900 +13.9%
2004	--	$129,800 +19%
2003	--	$109,100 +1.4%
2002	--	$107,600 +15%
2001	--	$93,600 +0%
2000	--	$93,570