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Kate Lucas

katelucasrealestate@gmail.com +1(804) 400-3063

$ 697,500

Est. payment -/mo

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Price Dropped by $27K

716 S 1ST ST Charlottesville, VA 22902

4 Beds

3 Baths

1,848 SqFt

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Detached

Listing Status Active

Purchase Type For Sale

Square Footage 1,848 sqft

Price per Sqft $377

MLS Listing ID 666419

Style Colonial

Bedrooms 4

Full Baths 2

Half Baths 1

Construction Status Updated/Remodeled

HOA Y/N No

Abv Grd Liv Area 1,848

Year Built 1925

Annual Tax Amount $3,030

Tax Year 2025

Lot Size 7,840 Sqft

Acres 0.18

Property Sub-Type Detached

Property Description

Don't miss this exceptional investment opportunity just 3 blocks from the vibrant Charlottesville Downtown Mall. This over/under duplex was extensively renovated in 2019 and offers modern amenities, reliable rental income, and development potential. Property Features: New HVAC, electrical, plumbing, bathrooms, kitchen appliances, cabinets (Unit A), lighting, flooring, windows, doors, Trex decking, roof, and stackable washer/dryer units. Unit A: 1,028 sq ft, 2BR, 1.5 BA, and access to a 325 sq ft unfinished basement. Unit B: 812 sq ft with 2 BR, 1 full BA Both units feature private front and rear decks, in-unit laundry, and updated finishes throughout. Parking: Off-street parking in the rear for up to 4 vehicles, plus ample on-street parking. Location: Walkable to restaurants, shops, and public transportation. Adjacent to the expansive IX property. Income Potential: Unit A: Currently rented at $1,975/month. Unit B: Currently rented at $1,980/month. Development Opportunity: Located next to a vacant lot and benefiting from newly approved NX-8 zoning, this property holds significant potential for or future development or expansion, especially given its proximity to the growing IX Art Park district.

Location

State VA

County Charlottesville

Zoning Node Mixed Use 8

Direction From McIntire, left on Oak Street, right on 1st, property on left

Rooms

Basement Partial, Sump Pump, Unfinished

Main Level Bedrooms 2

Interior

Interior Features Remodeled, Second Kitchen

Heating Heat Pump

Cooling Heat Pump

Flooring Carpet, Laminate

Fireplace No

Window Features Vinyl

Appliance Dishwasher, Electric Range, Refrigerator

Laundry Washer Hookup, Dryer Hookup, Stacked

Exterior

Exterior Feature Mature Trees/Landscape

Parking Features Asphalt, Off Street, On Street

Community Features None

Utilities Available Cable Available, Fiber Optic Available, High Speed Internet Available

Water Access Desc Public

View Residential

Roof Type Composition,Shingle

Porch Composite, Deck, Front Porch, Porch

Road Frontage Public Road

Garage No

Building

Foundation Block

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Construction Status Updated/Remodeled

Schools

Elementary Schools Trailblazer

Middle Schools Walker & Buford

High Schools Charlottesville

Others

Tax ID 270004000

Listed by ASSIST2SELL - FIRST RATE REALTY, INC.