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    112 Montpelier St Charlottesville, VA 22903

    Sponsored
    Picture of Land at Montpelier St 112, Charlottesville, VA
    For Sale
    $550,000

    Build to Suit MultFamLot - CHARLOTTESVILLE, VA

    Lot size:
    0.40 Acres
    Days on Market:
    3
    Last Refresh:
    Jan 7 at 8:06 am

    Property Features for 112 Montpelier St

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    R-2U University Residential
    Lot size
    0.40 Acres

    Building Details

    Architectural style
    Other

    Nest Realty (434) 566-0121 [email protected]

    Listing agent HEATHER GRIFFITH (434) 566-0121 License #0225095410

    Listing date Jan 5, 2026

    MLS# 672182 Listing URL

    Copyright © 2026 Charlottesville Area Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Land Near University of Virginia

    This is a land parcel situated next to the University of Virginia, presenting an investment opportunity. The property is zoned RX-3, intended to accommodate various housing options such as duplexes, triplexes, fourplexes, townhouses, and apartment complexes, supporting neighborhood-serving retail, food, and service uses within walking distance. The zoning allows for unlimited density, provided the building adheres to approved guidelines. Structures can be built up to 44 feet tall, potentially reaching five stories with an Affordability Bonus. Off-street parking can be located to the side and rear of the property. The lot features 75 feet of road frontage. Located minutes from the Stadium, UVA Corner, UVA Hospital, and Fontaine Research Park. The lot size is 0.4 acres, suitable for a build-to-suit multifamily project.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Hair Salon Nail Salon Clothing Store Auto Repair Shop Gym & Fitness Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Charlottesville
    County
    Charlottesville
    State
    Virginia
    Longitude
    -78.5174956
    Latitude
    38.0249926

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    FAQs

    What type of property is this?
    Land - Land suitable for multifamily development near UVA.
    Where is this land located?
    The property is located at 112 Montpelier St Charlottesville, VA.
    What is the asking price?
    The asking price for this property is $550,000.
    What are key features of this property?
    This property features: - Prime location next to the University of Virginia.; - RX-3 Zoning allows for diverse housing options.; - Unlimited density potential within approved guidelines.
    (434) 249-6894
    Request Owner's contact information
    112 Montpelier St Charlottesville, VA 22903
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    Charlottesville, VA 22903
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    112 Montpelier St Charlottesville, VA 22903
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