Offered at: $725,000

Location Details

716 S 1ST ST 
CHARLOTTESVILLE Virginia 22902

County/City: Charlottesville

Subdivision: NONE

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.


Property Details

Property Type: Detached

Acreage: 0.18

Taxes: $3030.92 as of 2025

Year Built: 1925

Pool:

Garage: No

Exterior Details

Stucco

Interior Details

Sq. Ft. Finished: 1848   Sq.Ft. Unfinished: 325

Bedrooms: 4

Full Baths: 2   Half Baths: 1

Basement: Yes

Fireplaces:

Cooling: Heat Pump

Heating: Heat Pump

School Details

Elementary School: Trailblazer

Middle School: Walker & Buford

High School: Charlottesville

E-mail us for more information on 716 S 1ST ST  CHARLOTTESVILLE, Virginia 22902

www.CharlottesvilleHistoricHomes.com

Listing Firm: ASSIST2SELL - FIRST RATE REALTY, INC., Contact information: 434-996-8688

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2025 © Gayle Harvey Real Estate, Inc.

Gayle Harvey Real Estate, Inc.
www.GayleHarveyRealEstate.com
Charlottesville Virginia Real Estate
198 Spotnap Rd Suite C5 Charlottesville Virginia 22911
United States of America
(434)220-0256
gayle@GayleHarveyRealEstate.com
Licensed to sell real estate in Virginia.