5+ Days Ago
Location
1262 W 40th St, Norfolk, VA 23508, USA|Lamberts Point
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Property Overview
Located in a vibrant area, this property offers easy access to a rich social life with 138 restaurants, 19 event hubs, and 52 museums and cultural centers within a mile. Its value per square foot places it in the 78.57 percentile compared to local properties, highlighting a strong investment opportunity. The walkability of the surrounding areas enhances convenience and accessibility, making it an appealing option for those seeking an engaging community atmosphere.
This summary uses Zumper’s proprietary data. “Things you’ll love” and “Great for” are based on our internal analyses of market trends and renter insights.
Things you’ll love
More space
Great for
Social life
Amenities for 1262 W 40th St, Lamberts Point
Apartment Amenities
| Forced Air |
Appliances
| In-Unit Laundry |
Building
| Roof Type: Shingle |
Grounds
| 2 Parking Spaces | Garage Parking |
| Outdoor Space |
Other
| Architecture Style: Bungalow | Roof Type: Asphalt |
Units, floor plans, amenities, dimensions, details, availability, and prices may be approximate and subject to change. Please contact a community representative for more information.
Policies and fees
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About 1262 W 40th St
Property Status: Active 2 Bedroom, 2 Full Bath Home. Ample Off Street Parking And Detached Garage. Front Porch. Fenced Backyard. Great Location Near Odu,The New Railroad District Entertainment Complex, Naval Bases And Ghent. Office Phone: (757) 237-1030 Copyright © 2025 Real Estate Information Network, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Property highlights
We compared every listing in the surrounding area to determine which amenities are most common. If a building lacks an amenity that most others in the area have, it is a con. If a building has an amenity most others in the area do not, it is a pro. Similarly, price, schools, and size are calculated relative to the size, price, and distance to schools of the other properties nearby.How 1262 W 40th St compares to other nearby properties.
Positives
- More space
- The 2-bedroom is 200 sqft larger than other listings nearby
Considerations
- Greater distance from grade schools
- The nearest elementary school is farther than 1 mile away
Address details
| Neighborhood | Lamberts Point |
|---|---|
| Zip code | 23508 |
| Type | House for rent |
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Rent trends in Lamberts Point
2-bedroom apartments at 1262 W 40th St cost about 63% more than the average rent price for 2-bedroom apartments in Norfolk.
Median rents as of Nov 1 2025.
Lamberts Point
Norfolk
| Month | Median Rent |
|---|---|
| November 2023 | $1,344 |
| December 2023 | $1,305 |
| January 2024 | $1,342 |
| February 2024 | $1,382 |
| March 2024 | $1,519 |
| April 2024 | $1,586 |
| May 2024 | $1,482 |
| June 2024 | $1,489 |
| July 2024 | $1,496 |
| August 2024 | $1,494 |
| September 2024 | $1,469 |
| October 2024 | $1,453 |
| November 2024 | $1,477 |
| December 2024 | $1,402 |
| January 2025 | $1,413 |
| February 2025 | $1,402 |
| March 2025 | $1,451 |
| April 2025 | $1,398 |
| May 2025 | $1,439 |
| June 2025 | $1,497 |
| July 2025 | $1,545 |
| August 2025 | $1,536 |
| September 2025 | $1,498 |
| October 2025 | $1,451 |
| November 2025 | $1,460 |
| Month | Median Rent |
|---|---|
| July 2024 | $1,200 |
| August 2024 | $1,140 |
Affordability calculator
Can I afford to live at 1262 W 40th St?
Bedrooms
2 bedroomsRent-to-income ratio
30%
Slide to adjust the percentage of your monthly income you are willing to spend on rent.
The general rule of thumb is to spend around 30% or less of your income on rent.
Recommended income
$71,800/yr
With your selected rent-to-income ratio, you'd ideally want to make $71,800 annually to afford this 2-bedrooms monthly rent price of $1,795.
For more information on rent affordability, visit our rent calculator.
Schools near 1262 W 40th St
Larchmont Elementary School
1145 bolling ave
norfolk, VA, 23508
PK, K-5Public
B
Ghent School
200 shirley ave
norfolk, VA, 23517
K-8Public
B-
Berkley/Campostella Early Childhood Education Center
1530 cypress st
norfolk, VA, 23523
PKPublic
Easton Preschool
1132 wade st
norfolk, VA, 23502
PKPublic
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Internet available near 1262 W 40th St
Neighborhood
Lamberts Point | Norfolk, VA
NEIGHBORHOOD VIBE
Peaceful and quiet
Noise-canceling headphones not required in this mostly noise free area.
Getting around Norfolk near 1262 W 40th St
Walking
6/10
Grab your reusable bags–many shops and stores are within walking distance.
Driving
7/10
This area is close to freeways and has adequate parking options.
Transit
3/10
There are a few mass transit options within the area.
Points of interest for 1262 W 40th St, Norfolk
Groceries
5/10
At least one grocery store within a 30-minute walk
Shopping
4/10
Some shops within walking distance
Cafes
6/10
Some cafés within walking distance
Restaurants
6/10
Variety of restaurants within walking distance
Primary schools
6/10
At least one elementary school within a 20-minute walk
High schools
6/10
At least one high school within a 20-minute walk
Parks
6/10
Moderate amount of park space nearby
Nightlife
3/10
Few or no bars within walking distance
Explore the area around 1262 W 40th St
Food Lion
2401 Colley Ave
The Fresh Market
924 W 21st St
ALDI
730 W 21st St
Harris Teeter
1320 Colonial Ave
Watergate
637 E Olney Rd
Shwim Clothing
4306 Monarch Way
Covered By Aloysia
1035 W 25th St
Xclusive Clothing Co Inc
1035 W 25th St
Tameka Edwards
600 W 25th St
Running Etc.
1707 Colley Ave
Dunkin'
3901 Hampton Blvd
Starbucks
4320 Hampton Blvd
Starbucks
1200 Webb Ctr
Tropical Smoothie Cafe
742 W 21st St
Town Center Cold Pressed
717 W 21st St
Qdoba Mexican Eats
4607 Hampton Blvd
Mojo Bones ODU
4502 Monarch Way
THE EDGE
4814 Hampton Blvd
The Wave
4107 Colley Ave
Hank's Filling Station
4301 Colley Ave
Nothing Bundt Cakes
1200 W 25th St
Einstein Bros Bagels
4607 Hampton Blvd
Elite Custom Cakes
4414 Colley Ave
Tessa's Creations
738 W 22nd St
The Vitamin Shoppe
729 W 21st St
Lamberts Point Community Center
37th Street Park
38th Street Playground
Jeff Robertson Park
Bluestone Playground
Taco Bell
4009 Hampton Blvd
Dunkin'
3901 Hampton Blvd
Asia Carry Out Chinese Restaurant
3925 Hampton Blvd
Lin's Garden
3925 Hampton Blvd
McDonald's
4108 Hampton Blvd
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