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$725,000

  • Sold
  • Closed
  • Triplex
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Rare Investment Opportunity with multiple upsides! Belmont location with Downtown Mall walkability. Gross rent $48,900/year from 3 apartments, not including the potential garage rental income. Seller's NOI 40k/yr. Options include: rent and hold, rent and live in one apartment, rent and build up to 8 units per R-C Zoning, subdivide into 2 lots. New roof 2020, New gutters 2018, Sewer line inspected and cleaned 2018, New Mini-splits 2018 and surge protectors 2024 throughout, refreshed hallways (2020) Unit A: Fully renovated kitchen, bathroom, and appliances (2020); new fridge (2024); new dryer (2024); new outdoor mini split compressor (2024); Unit B: New sink, vanity, and water heater (2020); new range (2022); Unit C: New range (2021); new fridge (2023); bathroom renovation (new vinyl, vanity, sink, and hardware) (2023); all new paint (2023); removal of kitchen electric wall heater (2024). This corner lot has off-street parking for 2 or more cars, plus ample parking on Montrose. City alley access as well. Nearly zero vacancy. Rents easily!,Bus on City Route

Full Property Details for 1001 Avon St #A, B, C, GARAGE

General

  • Sold For: $725,000
  • Taxes: $4,537 (2025)
  • Status: Closed
  • Type: Triplex
  • Source: BrightMLSMidAtlantic
  • MLS ID: 660594
  • Added to Site: 395 day(s) ago

Interior

  • Appliances: Dryer, Washer
  • Flooring: Hardwood

Location

  • County: Charlottesville City
  • Development Name: Belmont
  • Subdivision: Belmont
  • Driving Directions: Yellow house with white fence at the corner of Montrose and Avon, just south of the Downtown Mall

School Information

  • School District: Charlottesville City Public Schools
  • Middle School: WALKER & BUFORD
  • High School: Charlottesville

Heating & Cooling

  • Heating Type: Heat Pump(s), Steam

Utilities

  • Sewer: Public Sewer
  • Water: Public

Structural Information

  • Architectural Info: Other
  • Architectural Style: Other
  • Structure Type: Other
  • Foundation: Crawl Space, Concrete Perimeter
  • Stories/Levels: 0
  • Year Built: 1925
  • Year Built Source: Estimated

Unit Information

  • Other Units: Unit 1, Unit 2, Unit 3

Lot Features

  • Lot Size (Acres): 0.14
  • Lot Features: Other
  • Lot Description: Other

Financial Considerations

  • Price Per Sq. Ft.: $411.93
  • Tax Amount: $4,537
  • Tax Year: 2025
  • Owner Pays: Water
  • Landlord Pays: Water
  • Tenant Pays: Electricity

Disclosures and Reports

  • Ownership: Other
  • Inclusions: 3 oven/ranges, 3 refrigerators, washer and dryer downstairs.

Listed by Nest Realty Group, KELLY C. LINDAUER
Sold by Loring Woodriff Real Estate Associates, DENNIS WOODRIFF

Listing agent

— 1001 Avon St #A, B, C, GARAGE —

  • KELLY C. LINDAUER

    Nest Realty Group

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NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Schools serving 1001 Avon St #A, B, C, GARAGE

School District:Charlottesville City Public Schools
NameGradesDistance
Clark Elementary School
1000 Belmont Avenue, Charlottesville, VA 22902
PK-40.4 mi
Buford Middle School
1000 Cherry Avenue, Charlottesville, VA 22903
7-81 mi
Charlottesville High School
1400 Melbourne Road, Charlottesville, VA 22901
9-122.1 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 1001 Avon St #A, B, C, GARAGE

Date
Details
Price
Change
Source
3/27/2025
Sold
$725,000
-6.45%
MLS
2/05/2025
Listed
$775,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Listed by Nest Realty Group, KELLY C. LINDAUER
Sold by Loring Woodriff Real Estate Associates, DENNIS WOODRIFF

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1001 Avon St #A, B, C, GARAGE, Charlottesville, VA 22902 (MLS# 660594) is a Triplex property that was sold at $725,000 on March 27, 2025. Want to learn more about 1001 Avon St #A, B, C, GARAGE? Do you have questions about finding other Triplex real estate for sale in Charlottesville? You can browse all Charlottesville real estate or contact a Coldwell Banker agent to request more information.