Updated 5+ Days Ago
Highlights
- W/d hookups
- Nearby restaurants
Location
230 E 40th St, Norfolk, VA 23504, USA|Colonial Place-Riverview
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Property Overview
230 East 40th Street earns a strong overall impression with an 8.3 out of 10 expert rating, supported by top marks for price, a high location score, and solid amenities. It offers excellent value per square foot, along with w/d hookups and nearby restaurants, making it a well-rounded option for renters seeking convenience and affordability.
This summary uses Zumper’s proprietary data. “Zumper Expert Ratings” and “Things you’ll love” are based on our internal analyses of market trends and renter insights.
Things you’ll love
More space
Floor plans
| 230 East 40th Street - C3 | 2 bed | 2 bath | 1,200 sqft | $1,710 /mo | Beautiful condo in Historic West Norfolk Building. Nearby ODU, NOB, Downtown Norfolk, EVMS, Sentara, restaurant's, etc. W/D hookups. Pets allowed on a case by case basis only with additional $35 extra pet rent and a $350 non refundable pet fee. Water, trash, sewage and ground maintenance included in rent. Wont last long. |
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Policies and fees
Applicants
Applicants
One-time.
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REQUIRED FEES
Security Deposit
One-time.
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Questions about this property’s policies and fees?
Building details
Property details
| Units | 1 |
|---|
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About 230 East 40th Street
Beautiful condo in Historic West Norfolk Building. Nearby ODU, NOB, Downtown Norfolk, EVMS, Sentara, restaurant's, etc. W/D hookups. Pets allowed on a case by case basis only with additional $35 extra pet rent and a $350 non refundable pet fee. Water, trash, sewage and ground maintenance included in rent. Wont last long.
Zumper Expert Rating
Our expert rating is based on a weighted average score of property attributes that renters care about most: price, amenities, location, quality, and trust.
8.3
/10
Very GoodWith a solid 8.3 out of 10 overall, 230 East 40th Street is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, 230 East 40th Street has a number of attractive features—namely its Price— so you can be assured your rent will come with a high standard of living.
Price·10A score that weighs the cost and location of the property, which we calculate by comparing rent prices of recent units to the median price of nearby rentals, adjusting for overall quality and features.
230 East 40th Street offers an excellent balance between price and value. It's priced competitively for its amenities, location, and other key features. Compared to the median price per bedroom in the area, this property is less than, or about the same as, nearby rentals, so residents can expect great value without too many compromises on their desired standard of living.
Amenities·8A score based on the amenities offered at this property compared to other rentals in the area. We consider the quantity, quality, and popularity of features both on site and within the units.
With multiple in-demand amenities, 230 East 40th Street is committed to enhancing the renting experience. And while it may have fewer total conveniences and features than similar rentals nearby, it remains a top choice for renters wanting an specific standard of living.
Location·9A score based on proximity and ease of access to shops, restaurants, schools, and public transportation while considering the desirability of the area.
230 East 40th Street is exceptional when it comes to location and conveniences. Communication with management or leasing staff is usually quick and easy and they often use advanced scheduling and communication tools to streamline the process. The location of this property offers easy access to popular points of interest in the area and options for getting around.
Quality·6A score based on what makes the property stand out, such as luxury features, unique offerings, age of the building, and our ability to verify the accuracy of these details.
While 230 East 40th Street does not have many hallmark characteristics to highlight, it has some qualities and features that will resonate with a broad range of renters.
Trustworthiness·7A score based on the accuracy, completeness, recency, and usefulness of the information provided by this property, so you can trust that what you see is what you get.
230 East 40th Street provides some information about the features available in the community and its apartments, making it a reliable option for prospective renters. Renters should ask additional questions about amenities and non-negotiable items they are looking for.
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 230 East 40th Street compares to other nearby properties.
Positives
- More space
- The 2-bedroom is 217 sqft larger than other listings nearby
Considerations
- Greater distance from middle schools
- The nearest middle school is farther than 1 mile away
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Rent trends in Colonial Place-Riverview
2-bedroom apartments at 230 East 40th Street cost about 4% more than the average rent price for 2-bedroom apartments in Colonial Place-Riverview.
Median rents as of Sep 12 2026.
Colonial Place-Riverview
Norfolk
| Month | Median Rent |
|---|---|
| September 2024 | $1,249 |
| October 2024 | $1,249 |
| November 2024 | $1,277 |
| December 2024 | $1,218 |
| January 2025 | $1,252 |
| February 2025 | $1,248 |
| March 2025 | $1,260 |
| April 2025 | $1,198 |
| May 2025 | $1,200 |
| June 2025 | $1,227 |
| July 2025 | $1,244 |
| August 2025 | $1,215 |
| September 2025 | $1,196 |
| October 2025 | $1,197 |
| November 2025 | $1,204 |
| December 2025 | $1,245 |
| January 2026 | $1,216 |
| February 2026 | $1,200 |
| March 2026 | $1,207 |
| April 2026 | $1,228 |
| May 2026 | $1,248 |
| June 2026 | $1,252 |
| July 2026 | $1,250 |
| August 2026 | $1,299 |
| September 2026 | $1,300 |
| Month | Median Rent |
|---|---|
| September 2024 | $1,258 |
| October 2024 | $1,162 |
| November 2024 | $1,259 |
| December 2024 | $1,673 |
| January 2025 | $1,720 |
| February 2025 | $1,673 |
| March 2025 | $1,598 |
| April 2025 | $1,634 |
| May 2025 | $1,145 |
| June 2025 | $1,145 |
| August 2025 | $1,153 |
| September 2025 | $1,181 |
| January 2026 | $895 |
| February 2026 | $895 |
| September 2026 | $1,200 |
Affordability calculator
Can I afford to live at 230 E 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
$68,400/yr
With your selected rent-to-income ratio, you'd ideally want to make $68,400 annually to afford this 2-bedrooms monthly rent price of $1,710.
For more information on rent affordability, visit our rent calculator.
Schools near 230 East 40th Street
Ghent School
200 shirley ave
norfolk, VA, 23517
K-8Public
B-
Granby Elementary School
7101 newport ave
norfolk, VA, 23505
PK, K-5Public
C
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 230 East 40th Street
Neighborhood
Colonial Place-Riverview | Norfolk, VA
Getting around Norfolk near 230 E 40th St
Walking
5/10
Some shops and stores are within a few minutes.
Driving
8/10
This area is close to freeways and has adequate parking options.
Cycling
4/10
This is semi-bikeable, but you’ll need another way of getting around.
Transit
3/10
There are a few mass transit options within the area.
Points of interest for 230 E 40th St, Norfolk
Groceries
5/10
Variety of groceries within a short drive
Shopping
6/10
Wide variety of shops within a short drive, including some within walking distance
Cafes
6/10
Variety of cafés within a short drive
Restaurants
7/10
Wide variety of restaurants within a short drive, including some within walking distance
Primary schools
9/10
At least one elementary school within a 5-minute walk
High schools
1/10
Closest high school further than a 30-minute walk
Parks
7/10
Large amount of park space nearby
Nightlife
6/10
Wide variety of bars within a short drive, including some within walking distance
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