Under contract

$280,000

1359 W 40th St, Norfolk, VA 23508

4beds

1,668sqft

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Single Family Residence

Built in 1915

2,543 Square Feet Lot

$283,600 Zestimate^®

$168/sqft

$-- HOA

What's special

Corner lot

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.

12 days

357

35

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: $168/sqft
Tax assessed value: $231,500
Annual tax amount: $2,847
Date on market: 7/2/2026

Estimated market value

$283,600

$269,000 - $298,000

$2,445/mo

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

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Est. payment

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All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.

HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

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