716 S 1st St, Charlottesville, VA 22903
Local realty services provided by:Mountain Realty ERA Powered
716 S 1st St,Charlottesville, VA 22903
$697,500
- - Beds
- - Baths
- - sq. ft.
- Multi-family
- Active
Listed by:audrey badgett
Office:assist2sell - first rate realty, inc.
MLS#:666422
Source:BRIGHTMLS
Price summary
- Price:$697,500
About this home
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.,Formica Counter,Wood Cabinets,Bus on City Route
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Home facts
- Year built:1925
- Listing ID #:666422
- Added:92 day(s) ago
- Updated:October 03, 2025 at 01:27 PM
Heating and cooling
- Cooling:Heat Pump(s)
- Heating:Heat Pump(s)
Structure and exterior
- Roof:Composite
- Year built:1925
- Lot area:0.18 Acres
Schools
- High school:CHARLOTTESVILLE
- Middle school:WALKER & BUFORD
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$697,500
- Tax amount:$3,030 (2025)
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