716 1st St S, Charlottesville, VA 22902 (MLS # 666419)
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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.
| DAYS ON MARKET | 25 | LAST UPDATED | 7/16/2025 |
|---|---|---|---|
| TRACT | NONE | YEAR BUILT | 1925 |
| COUNTY | Charlottesville | STATUS | Active |
| PROPERTY TYPE(S) | Single Family |
| Elementary School | Trailblazer |
|---|---|
| Jr. High School | Walker & Buford |
| High School | Charlottesville |
| ADDITIONAL DETAILS | |
| AIR | Heat Pump |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Dishwasher, Electric Range, Refrigerator, Washer/Dryer Stacked |
| BASEMENT | Partial, Sump Pump, Unfinished, Yes |
| CONSTRUCTION | Stucco |
| HEAT | Heat Pump |
| INTERIOR | High Speed Internet |
| LOT | 7841 sq ft |
| LOT DESCRIPTION | Landscaped |
| PARKING | Asphalt, Off Street, On Street |
| SEWER | Public Sewer |
| STORIES | 2 |
| STYLE | Colonial |
| SUBDIVISION | NONE |
| TAXES | 3030.92 |
| UTILITIES | Cable Available |
| WATER | Public |
| ZONING | Node Mixed Use 8 |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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