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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 22903

1,848 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Square Footage 1,848 sqft

Price per Sqft $377

MLS Listing ID 666422

Style Colonial

HOA Y/N No

Year Built 1925

Annual Tax Amount $3,030

Tax Year 2025

Lot Size 7,840 Sqft

Acres 0.18

Property Sub-Type Duplex

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

Community None, Public Transportation

Zoning Node Mixed Use

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

Rooms

Basement Interior Entry, Sump Pump, Unfinished

Interior

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

Community Features None, Public Transportation

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

Building

Foundation Block, Slab

Sewer Public Sewer

Water Public

New Construction No

Schools

Elementary Schools Trailblazer

Middle Schools Walker & Buford

High Schools Charlottesville

Others

Tax ID 270004000

Listed by ASSIST2SELL - FIRST RATE REALTY, INC.