242 E 40th St, Norfolk, VA 23504
Property image
Property image
OFF MARKET

242 E 40th St
Norfolk, VA 23504

Riverview
  • 2 Beds
  • 1 Bath
  • 1,100 sqft

$380,000

Trulia Estimate
as of Aug 22, 2026

$380,000

Trulia Estimate
as of Aug 22, 2026
  • 2 Beds
  • 1 Bath
  • 1,100 sqft

Home Highlights

Property Type
Apartment
Living Area
1,100 sqft
Price/Sqft
$345
Parking
Attached Garage

Local Information

  • Map ViewExplore the area around 242 E 40th St.
  • Schools1 Preschool School1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

About this House

Very nice apartment located in the Heart of Riverview. Close to Old Dominion University, EVMS Campus, Norfolk Naval Base. A good variety of restaurants within walking distance and near the transportation system.
Minimum one year lease required, credit, eviction and criminal history will be checked. Drivers Licenses and pay stubs required with application fee of $35.00 per adult and Income monthly must be three times the rent.
Please no real estate companies needed to advertise for me.
Thank you, Mike

One months rent up front plus security deposit. Tenant is required to pay electric, gas and water. No alterations or modifications to be preformed by tenant unless agreed by Agent for the property.
242 E 40th St, Norfolk, VA 23504 is a 2 bedroom, 1 bathroom, 1,100 sqft apartment in Riverview. It last sold for $215,000 on Feb 6, 2018 (15,257% above the $1,400 asking price). More recently, it was listed as a rental in May 2025 with an asking price of $1,400 per month. That rental listing was removed on June 16, 2025. It is currently off market. The Trulia Estimate is $380,000, with a rent estimate of $1,440/month.

Home Details for 242 E 40th St

Property Information

Property Type / Style
Property Type: Apartment

Rental Terms, Policies & Fees

Lease Term: 1 YearAvailable: now

Interior Features

Appliances & Utilities
DryerWasher
Heating & Cooling
Air ConditioningCooling System: Central Air
Levels, Entrance, & Accessibility
Floors: Hardwood

Exterior Features

Parking & Garage
Parking: Attached Off Street, On Site

Comparable Sales for 242 E 40th St

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
311 Lucile Ave, Norfolk, VA
0.15
Apartment
$532,190
09/15/25
2
1
1,000 sqft
209 34th St #201, Norfolk, VA
0.53
Apartment
$120,000
11/06/25
2
1
1,109 sqft
535 36th St #305, Norfolk, VA
0.74
Apartment
$105,000
09/29/25
2
1
1,100 sqft
200 W 31st St #203, Norfolk, VA
0.67
Apartment
$154,500
06/12/26
3
1
1,435 sqft
527 36th St #201, Norfolk, VA
0.73
Apartment
$92,700
06/11/26
2
1
1,053 sqft
527 Maryland Ave, Norfolk, VA
0.56
Apartment
$240,000
03/19/26
6
2
2,500 sqft
623 W 28th St, Norfolk, VA
0.99
Apartment
$197,000
10/14/25
1
1
700 sqft
815 35th St, Norfolk, VA
1.04
Apartment
$400,000
03/10/26
3
1
900 sqft
940 Gates Ave #5A, Norfolk, VA
1.52
Apartment
$176,800
01/28/26
2
1
972 sqft
800 W Princess Anne Rd #C6, Norfolk, VA
1.69
Apartment
$150,000
03/17/26
2
1
1,018 sqft

Nearby homes

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Around this home

Neighborhood Overview

Riverview
See Local Highlights
Neighborhood stats provided by third party data sources.

What Locals Say about Riverview

  • terrell parker
    "Im not from here so icant say, only thing ican say is its big, somewhat okay and the people seem chill but most time igo to work and come home"
    0
    Flag
  • Erik G.
    "Great places to walk to from a quiet and safe neighborhood. Friendly people and lots of access to the water."
    0
    Flag
  • Ashlyn K.
    "Tons of dogs in the area. Some friendly, some not. There is a dog park in walking distance that is super fun to walk to on nice days!"
    0
    Flag
  • Ann T. F. M.
    "It seems like dog owners are happy here. I always see people out with their puppies in the neighborhood!"
    2
    Flag
  • Laura L.
    "Small town feel with friendly neighbors and neighborly feeling in local shops. Riverview has no through streets and is wrapped by the river."
    2
    Flag
  • Melissa H.
    "From relaxing in your back yard to walking the streets to see beautiful homes and wonderful neighbors, this neighborhood is great. With easy to walk to restaurants, shops, parks, festivals, and even a zoo, you will never be without something to do. Super fast 10 minute drive to NOB, EVMS, and Downtown Norfolk makes getting around easy."
    1
    Flag
  • lindaschooley
    "Crime is everywhere these days. Anyone who seriously thinks that this area in unsafe needs to get out more. Diligence is the key. Security systems should be used and activated. Valuable items should not be left in the car. I live in Riverview and walk a lot around my neighborhood and Colonial Place. I have never felt unsafe. These are great neighborhoods for families and dogs."
    2
    Flag

LGBTQ Local Legal Protections

Price and Tax history

DateEventPrice
Jun 16, 2025
Source: Zillow Rentals
ListingRemoved
$1,400
May 19, 2025
Source: Zillow Rentals
Listed For Rent
$1,400
Oct 14, 2024
Source: Zillow Rentals
ListingRemoved
$1,300
Dec 10, 2023
Source: Zillow Rentals
ListingRemoved
Nov 19, 2023
Source: Zillow Rentals
Listed For Rent
$1,300

Frequently asked questions about 242 E 40th St

  • What is 242 E 40th St estimated to be worth?
    Trulia's estimated value for 242 E 40th St in Norfolk, VA is $380,000.
  • What is the price history for 242 E 40th St?
    242 E 40th St in Norfolk, VA last sold for $215,000 in February 2018.
  • Is Norfolk a buyer's or seller's market?
    Norfolk is currently a seller's market, based on recent for-sale activity.
  • What's the median sale price in Norfolk?
    The median sale price in Norfolk is $327K. That is up $11.33K from the prior month.
  • Does 242 E 40th St have air conditioning?
    Yes, 242 E 40th St in Norfolk, VA has air conditioning.
  • Does 242 E 40th St have laundry facilities?
    Yes, 242 E 40th St in Norfolk, VA has in-unit laundry.

Homes for rent near 242 E 40th St

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Affordability

TIP:Try to keep your rent within a third of your gross household income. Learn why in our Renter's Guide.
For this property
PER YEAR
is the suggested income
Win over prospective landlords with your smart budgeting. As a good rule of thumb, ideally you would have at least three times your monthly rent in combined household income.
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