Welcome to 1359 W 40th! Conveniently located near the Old Dominion University (ODU) campus, this spacious 4-bedroom, 3-bathroom home, on a corner lot is the ideal student rental. The layout offers the perfect potential for maximum occupancy, higher per room rental rates, and high-yield returns. Whether you’re expanding a portfolio or seeking a "parent-owned" student residence, this property offers the perfect blend of space, privacy, and convenience in one of Norfolk's most consistent rental markets.
Sold
$282,500
1359 W 40th St, Norfolk, VA 23508
4beds
1,668sqft
Single Family Residence
Built in 1915
2,543 Square Feet Lot
$282,600 Zestimate®
$169/sqft
$2,414 Estimated rent
Home value
$282,600
$268,000 - $297,000
$2,414/mo
Zestimate® history
Owner options
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$2,414/mo
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$2,414/mo
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$1,759/mo
Est. payment
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$1,759/mo
Est. payment
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List your homeWhat's special
Zillow last checked:
Listing updated:
Listed by:
Kristin Wood,
EXP Realty LLC 757-932-9277
Bought with:
Joshua Barras
Own Real Estate LLC
Source: REIN Inc.,MLS#: 10642019
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 3
- Full bathrooms: 3
Rooms
- Room types: 1st Floor BR
Bedroom
- Level: First
Bedroom
- Level: Second
Bedroom
- Level: Second
Bedroom
- Level: Second
Kitchen
- Level: First
Living room
- Level: First
Heating
- Electric
Cooling
- Central Air
Appliances
- Included: Dryer, Electric Range, Refrigerator, Washer, Electric Water Heater
Features
- Flooring: Carpet, Laminate/LVP
- Basement: Crawl Space
- Has fireplace: No
Interior area
- Total interior livable area: 1,668 sqft
Property
Parking
- Parking features: On Street
- Has uncovered spaces: Yes
Features
- Levels: Two
- Stories: 2
- Pool features: None
- Fencing: Back Yard,Fenced
- Waterfront features: Not Waterfront
Lot
- Size: 2,543 Square Feet
Details
- Parcel number: 21210800
- Zoning: R-8
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Traditional
- Property subtype: Single Family Residence
Materials
- Brick, Vinyl Siding
- Roof: Asphalt Shingle
Condition
- New construction: No
- Year built: 1915
Utilities & green energy
- Sewer: City/County
- Water: City/County
Community & HOA
Community
- Subdivision: Lamberts Point
HOA
- Has HOA: No
Location
- Region: Norfolk
Financial & listing details
- Price per square foot: $169/sqft
- Tax assessed value: $231,500
- Annual tax amount: $2,847
- Date on market: 7/2/2026
Price history
Price history is unavailable.
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,847 +6.2% | $231,500 +6.2% |
| 2024 | $2,681 +9.4% | $218,000 +11.2% |
| 2023 | $2,450 +8% | $196,000 +8% |
| 2022 | $2,269 +11% | $181,500 +11% |
| 2021 | $2,044 +9.1% | $163,500 +9.1% |
| 2020 | $1,873 | $149,800 |
| 2019 | $1,873 +2.2% | $149,800 +2.2% |
| 2018 | $1,833 +19.3% | $146,600 +4.6% |
| 2017 | $1,536 | $140,200 +3.7% |
| 2016 | $1,536 -1.2% | $135,200 |
| 2015 | $1,555 | $135,200 |
| 2014 | $1,555 | $135,200 |
| 2013 | -- | $135,200 |
| 2012 | -- | $135,200 -5.7% |
| 2011 | -- | $143,400 -3% |
| 2010 | -- | $147,900 +1% |
| 2009 | -- | $146,400 +0.9% |
| 2008 | -- | $145,100 +0.6% |
| 2007 | -- | $144,300 +15.7% |
| 2006 | -- | $124,700 +47.9% |
| 2005 | -- | $84,300 +58.2% |
| 2004 | -- | $53,300 +188.1% |
| 2003 | -- | $18,500 |
| 2002 | -- | $18,500 |
| 2001 | -- | $18,500 +6.8% |
| 2000 | -- | $17,330 |
Find assessor info on the county website
Neighborhood: Lamberts Point
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Nearby schools
GreatSchools rating
- 8/10Larchmont Elementary SchoolGrades: PK-5Distance: 0.8 mi
- 3/10Blair Middle SchoolGrades: 6-8Distance: 1.1 mi
- 3/10Maury High SchoolGrades: 9-12Distance: 1.4 mi
Schools provided by the listing agent
- Elementary: Larchmont 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.
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$282,600
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$288,252
- Virginia
- Norfolk City
- Norfolk
- 23508
- Lamberts Point
- 1359 W 40th St
