Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    1700-1704 Old Brook Rd Charlottesville, VA 22901

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $780,000

    Two residences on 7.9 acres in Albemarle County.

    Property size:
    3,298 SF
    Lot size:
    7.96 Acres

    Property Features for 1700-1704 Old Brook Rd

    General Information

    Size
    3,298 SF
    Lot size
    7.96 Acres

    Source: REAL ESTATE III, INC. Agent Tim Carson

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Albemarle County Investment Opportunity

    Located in the heart of Albemarle County's Urban Area, 1700-1704 Old Brook Road presents a unique investment opportunity. The expansive 7.9-acre property features two residences: a stately brick home and a separate cottage. Both residences require complete renovation. The existing dwellings total 3298 square feet. The land may allow for the development of one or two additional lots, subject to county guidelines. This property is suited for investors or contractors looking to rehabilitate and rent the two homes.
    Location Intelligence

    Current Use by Public Records

    Multifamily properties

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Charlottesville
    County
    Charlottesville
    State
    Virginia
    Longitude
    -78.461478
    Latitude
    38.0830371

    Nearby Similar for Sale

    • $675,000
      Pending

      Charlottesville Brick Ranch Duplex

      Income-producing duplex in Rugby area, convertible to single-family home.
      1514 Westwood Rd, Charlottesville, VA 22903
      View Details
    • $675,000
      Pending

      Charlottesville Brick Ranch Duplex

      Income-producing duplex in Rugby area, convert to single-family possible.
      1514 Westwood Rd, Charlottesville, VA 22903
      View Details
    • $675,000
      Pending

      Charlottesville Duplex with Income Potential

      Brick duplex in Rugby area with income-producing basement apartments.
      1514 Westwood Rd #A, Charlottesville, VA 22903
      View Details
    • $515,000
      1,800 SF

      Charlottesville Duplex with Strong Income

      Income-producing duplex near UVA with long-term tenants.
      301 Paton St, Charlottesville, VA 22903
      View Details
    • $845,000
      Pending

      Charlottesville Brick Duplex Near UVA

      Brick duplex with updated kitchens and baths, close to UVA.
      2405 Jefferson Park Ave, Charlottesville, VA 22903
      View Details
    • $650,000
      1,950 SF

      Charlottesville Duplex Near University

      Rented duplex near university with long-term tenant.
      821 Cabell Ave, Charlottesville, VA 22903
      View Details

    FAQs

    What type of property is this?
    Multifamily property - Two residences on 7.9 acres in Albemarle County.
    Where is this multifamily property located?
    The property is located at 1700-1704 Old Brook Rd Charlottesville, VA.
    What is the asking price?
    The asking price for this property is $780,000.
    What are key features of this property?
    This property features: - Expansive 7.9-acre lot in Albemarle County's Urban Area.; - Potential for development of one or two additional lots (subject to county guidelines).; - Two residences on the property: a main brick home and a separate cottage.
    (434) 465-0846
    Request Owner's contact information
    1700-1704 Old Brook Rd Charlottesville, VA 22901
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1700-1704 Old Brook Rd
    Charlottesville, VA 22901
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    1700-1704 Old Brook Rd Charlottesville, VA 22901
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.