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.
For sale
$579,900
40 Rader St APT 504, Norfolk, VA 23510
3beds
2,010sqft
Condominium
Built in 1918
-- sqft lot
$573,000 Zestimate®
$289/sqft
$1,150/mo HOA
What's special
Panoramic viewsHistoric characterTwo dedicated parking spacesWaterfront viewsTwo levelsNew hvac system
- 5 hours
- 76
- 0
Zillow last checked:
Listing updated:
Listed by:
Roger Lee,
Creed Realty 757-502-4070
Source: REIN Inc.,MLS#: 10651611
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 3
- Full bathrooms: 2
- 1/2 bathrooms: 1
Rooms
- Room types: Assigned Storage, PBR with Bath, Utility Closet
Heating
- Forced Air
Cooling
- Central Air
Appliances
- Included: Dishwasher, Disposal, Dryer, Microwave, Electric Range, Refrigerator, Washer, Electric Water Heater
Features
- Ceiling Fan(s), Entrance Foyer, Pantry
- Flooring: Carpet, Ceramic Tile, Laminate/LVP
- Has fireplace: No
Interior area
- Total interior livable area: 2,010 sqft
Property
Parking
- Parking features: Assigned, Off Street
Accessibility
- Accessibility features: Accessible Elevator Installed
Features
- Stories: 2
- Patio & porch: Patio
- Pool features: None
- Fencing: None
- Has view: Yes
- View description: Harbor, River
- Has water view: Yes
- Water view: Harbor,River
- Waterfront features: Deep Water, Deep Water Access, Dock, River Front
Lot
- Size: 1,267 Square Feet
Details
- Parcel number: 34077776
Construction
Type & style
- Home type: Condo
- Property subtype: Condominium
- Attached to another structure: Yes
Materials
- Other
- Foundation: Pile
- Roof: Other
Condition
- New construction: No
- Year built: 1918
Utilities & green energy
- Sewer: City/County
- Water: City/County
Green energy
- Energy efficient items: Concrete Construction
Community & HOA
Community
- Subdivision: Downtown Area
HOA
- Has HOA: Yes
- Amenities included: Cable TV, Clubhouse, Dock, Elevator(s), Landscaping, Security, Sewer, Trash, Water
- Second HOA fee: $1,150 monthly
Location
- Region: Norfolk
Financial & listing details
- Price per square foot: $289/sqft
- Tax assessed value: $614,700
- Annual tax amount: $7,561
- Date on market: 9/2/2026
Estimated market value
$573,000
$544,000 - $602,000
$3,090/mo
Price history
Price history is unavailable.
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $7,561 +8.7% | $614,700 +8.7% |
| 2024 | $6,958 +8.7% | $565,700 +10.4% |
| 2023 | $6,403 +26.2% | $512,200 +26.2% |
| 2022 | $5,075 +17.4% | $406,000 +17.4% |
| 2021 | $4,323 -4.7% | $345,800 -4.7% |
| 2020 | $4,535 | $362,800 |
| 2019 | $4,535 -14.1% | $362,800 -14.1% |
| 2018 | $5,279 -1.4% | $422,300 -9.3% |
| 2017 | $5,353 | $465,500 -6% |
| 2016 | $5,353 -5.1% | $495,400 |
| 2015 | $5,643 | $495,400 |
| 2014 | $5,643 | $495,400 |
| 2013 | -- | $495,400 |
| 2012 | -- | $495,400 -8.4% |
| 2011 | -- | $540,900 -1.8% |
| 2010 | -- | $550,900 |
| 2009 | -- | $550,900 +15.4% |
| 2008 | -- | $477,200 -0.5% |
| 2007 | -- | $479,700 +29.5% |
| 2006 | -- | $370,300 +21.4% |
| 2005 | -- | $305,000 +10.9% |
| 2004 | -- | $275,000 +23.5% |
| 2003 | -- | $222,700 +6.4% |
| 2002 | -- | $209,400 +10.7% |
| 2001 | -- | $189,100 0% |
| 2000 | -- | $189,110 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: Ghent
Nearby schools
Schools provided by the listing agent
- Elementary: Walter Herron Taylor Elementary
- Middle: Blair Middle
- High: Maury
Source: REIN Inc.. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.





