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    204 Cutler Ave Louisa, VA 23093

    For Sale
    $575,000

    MULTI_FAMILY - Cottage - LOUISA, VA

    Property size:
    2,746 SF
    Lot size:
    0.46 Acres
    Days on Market:
    32
    Last Refresh:
    Dec 7 at 2:06 pm

    Property Features for 204 Cutler Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Dining Room
    Parking features
    Driveway, Off Street
    Interior features
    Attic, Ceiling Fan(s), Dining Area, Entry Level Bedroom, Floor Plan - Traditional, Kitchen - Country, Kitchen - Table Space, Pantry, Primary Bath(s), Stove - Pellet, Bathroom - Tub Shower, Upgraded Countertops, Wood Floors, Formal/Separate Dining Room
    Appliances
    Built-In Microwave, Built-In Range, Dishwasher, Dryer - Electric, Microwave, Oven - Self Cleaning, Oven - Single, Oven/Range - Electric, Refrigerator, Stainless Steel Appliances, Washer, Dryer, WaterHeater
    Size
    2,746 SF
    Lot size
    0.46 Acres

    Utilities

    Heating system
    Electric (Heating), Heat Pump (Heating)
    Cooling system
    Central Air, Heat Pump

    Building Details

    Year built
    1923
    Number of units
    3
    Building materials
    Vinyl Siding
    Architectural style
    Cottage

    Keller Williams Realty (703) 679-1700 [email protected]

    Listing agent Sarah A. Reynolds (703) 297-4251 License #0225174916

    Listing date Nov 6, 2025

    MLS# VALA2008822 Listing URL

    Copyright © 2025 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Versatile Louisa Multi-Unit Investment Property

    This multi-unit property presents an investment opportunity with three distinct living spaces. The main level, Unit A, is currently rented for $2,250 per month and features a private rear entrance, three bedrooms, one full bath, and approximately 1,600 square feet. It includes a renovated kitchen, a full bath, and a roof replaced in 2019. A new HVAC system and water heater were installed in 2022, and the crawl space has been encapsulated with a humidifier and drainage system. Structural support beams have been replaced, and attic insulation was upgraded in 2020. The upper level, Unit B, previously rented and now advertised at $2,000 per month, offers three bedrooms, one full bath, and approximately 1,600 square feet. HVAC is scheduled to be replaced in 2025. It features a new kitchen with appliances, an updated tub from 2022, a flexible great room, laundry near the bedrooms, and a rear bedroom that opens to a private deck or balcony. The roof was replaced in 2019. The detached cottage-style in-law home, previously rented and now advertised at $2,100 per month, includes three bedrooms, one full bath, and approximately 1,200 square feet. It has a private entrance, a separate electric meter, and a new roof installed in 2024. It features a spacious 3-bedroom layout, a heat pump and window units, a brand-new hot water on demand system, and updated kitchen cabinetry with a dining area. Additional property features include two separate HVAC systems and two electrical panels. The property utilizes shared public water and sewer between the main house and cottage and sits on a 0.46-acre lot. It is walkable to downtown Louisa shops, dining, and amenities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Single family properties

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Louisa
    County
    Louisa
    State
    Virginia
    Longitude
    -78.00289
    Latitude
    38.02682

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    FAQs

    What type of property is this?
    Apartment building - Multi-unit property with income potential near downtown Louisa.
    Where is this apartment building located?
    The property is located at 204 Cutler Ave Louisa, VA.
    What is the asking price?
    The asking price for this property is $575,000.
    What are key features of this property?
    This property features: - Exceptional income potential with three distinct living spaces offering strong rental returns.; - Prime location walkable to downtown Louisa shops, dining, and amenities.; - Main Level Unit A is currently rented at $2,250/month, providing immediate income.
    (703) 297-4251
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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
    204 Cutler Ave Louisa, VA 23093
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