1001 Avon St
Charlottesville, VA 22902
- – beds
- – baths
- – sqft
- 1925 build
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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
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Last updated Mar 28, 2025
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MLS# 660594 —
The Building
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Year Built:1925
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Year Built Source:Estimated
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New Construction:No
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Construction Completed:No
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Building Units Total:3
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Structure Type:Other
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Architectural Style:Other
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Accessibility Features:None
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Foundation Details:Crawl Space, Concrete Perimeter
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Basement:No
Interior
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Flooring Type:Hardwood
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Fireplace:No
Financial & Terms
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Sale Type:Standard
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Buyer Financing:Cash
Location
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Directions:Yellow house with white fence at the corner of Montrose and Avon, just south of the Downtown Mall
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Latitude:38.02197900
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Longitude:-78.48107700
The Property
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Property Type:Multi-Family
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Property Subtype:Triplex
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Lot Size Acres:0.14
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Lot Features:Other
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Inclusions:3 oven/ranges, 3 refrigerators, washer and dryer downstairs.
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Road Responsibility:Public
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Waterview:No
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Water Oriented:No
Listing Agent
- Contact info:
- Agent phone:
- (434) 249-1063
- Office phone:
- (434) 566-0121
Taxes
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Tax Year:2025
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Tax Annual Amount:$4,537
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Total Taxes Payment Frequency:Annually
Heating & Cooling
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Cooling:No
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Central Air:No
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Heating:Yes
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Heating Type:Heat Pump(s), Steam
Utilities
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Sewer/Septic:Public Sewer
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Water Source:Public
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Internet Services:DSL, Fiber Optic
Appliances
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Appliances:Dryer, Washer
Schools
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Middle School:Walker & Buford
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High School:CHARLOTTESVILLE
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School District Name:Charlottesville City Public Schools
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School District Source:Listing Agent
The Community
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Subdivision Name:Belmont
Parking
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Garage:No
Extra Units
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Other Units:Unit 1,Unit 2,Unit 3
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Vacation Rental:No
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
3/27/25
Mar 27, 2025
|
BRIGHT | $725,000 | -6.5% | |
2/20/25
Feb 20, 2025
|
BRIGHT | |||
2/5/25
Feb 5, 2025
|
BRIGHT |