1124 Preston Ave
Charlottesville, VA 22903
- 8 beds
- 6 baths
- 5,041 sqft
- $104 per sqft
- 1935 build
This fully-leased investment property, located on Preston Ave, just minutes walking from the University of Virginia, presents a prime opportunity for investors. With 8 bedrooms and 5 bathrooms, it is well-suited for UVA students, faculty, or staff, ensuring strong demand and consistent rental income. The property features spacious common areas, large kitchens, and ample private parking with 19 parking spots. Situated in a highly desirable location, the property is within walking or biking distance of UVA's campus, making it an attractive choice for long-term renters with a consistently occupied rental history and immediate cash flow, this property offers a stable, income-generating asset in one of Charlottesville?s most sought-after neighborhoods. 1122 Preston Ave is for sale as well, and both properties can be purchased together in a combo deal.
Last checked:
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Last updated Apr 28, 2025
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MLS# 663809 —
The Building
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Year Built:1935
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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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Structure Type:Detached
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Architectural Style:Other
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Levels:2
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Accessibility Features:None
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Foundation Details:Block
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Basement:No
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Building Area Units:Square Feet
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Building Total SqFt:5041.00
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Total SqFt Source:Assessor
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Total Below Grade SqFt Source:Assessor
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Above Grade Finished Area Units:Square Feet
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Above Grade Unfinished Area Units:Square Feet
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Above Grade Finished SqFt:5041
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Above Grade Finished SqFt Source:Assessor
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Above Grade Unfinished SqFt Source:Assessor
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Below Grade Finished Area Units:Square Feet
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Below Grade Unfinished Area Units:Square Feet
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Below Grade Finished SqFt Source:Assessor
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Below Grade Unfinished SqFt Source:Assessor
Interior
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Interior Features:Entry Level Bedroom
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Room List:Full Bath, Half Bath, Additional Bedroom
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Fireplace:No
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Living Area SqFt Source:Assessor
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Living Area Units:Square Feet
Room Dimensions
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Total SqFt:5041
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Living Area SqFt:5,041 Sqft
Financial & Terms
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Sale Type:Standard
Location
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Directions:From barracks, take preston toward rose hill. Home on left
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Latitude:38.04309900
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Longitude:-78.49249700
The Property
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Property Type:Residential
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Lot Size Acres:0.38
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Zoning:R-2
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Zoning Description:(Two-Family) Residential
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Other Structures:Above Grade, Below Grade
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Waterview:No
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Water Oriented:No
Listing Agent
- Contact info:
- Agent phone:
- (434) 242-9471
- Office phone:
- (434) 326-5477
Taxes
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Tax Year:2024
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Tax Annual Amount:$4,841
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Total Taxes Payment Frequency:Annually
Beds
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Bedrooms:8
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Bedrooms Main Level:1
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Upper Level Bedrooms:7
Baths
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Total Baths:6
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Full Baths:5
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Half Baths:1
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Main Level Baths:1.00
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Main Level Full Baths:1
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Upper Level Total Baths:5
Heating & Cooling
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Cooling:No
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Cooling Type:Central A/C, Heat Pump(s)
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Central Air:Yes
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Heating:Yes
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Heating Type:Central, Forced Air
Utilities
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Sewer/Septic:Public Sewer
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Water Source:Public
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Internet Services:Cable, Fiber Optic
Schools
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Elementary School:Jackson Via
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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:None Available
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HOA:No
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Condo/Coop Association:No
Parking
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Garage:No
Extra Units
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Vacation Rental:No
Monthly cost estimate
Asking price
$525,000
| Expense | Monthly cost |
|---|---|
|
Mortgage
This calculator is intended for planning and education purposes only. It relies on assumptions and information provided by you regarding your goals, expectations and financial situation, and should not be used as your sole source of information. The output of the tool is not a loan offer or solicitation, nor is it financial or legal advice. |
$2,811
|
| Taxes | $403 |
| Insurance | $144 |
| Utilities | $307 See report |
| Total | $3,665/mo.* |
| *This is an estimate |
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).
Air Pollution Index
Provided by ClearlyEnergy
The air pollution index is calculated by county or urban area using the past three years data. The index ranks the county or urban area on a scale of 0 (best) - 100 (worst) across the United Sates.
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
4/28/25
Apr 28, 2025
|
Listed / Active | BRIGHT | $525,000 |
