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    101 Westerly Ave Charlottesville, VA 22903

    For Sale
    $900,000

    Rare Charlottesville duplex with eight bedrooms and impressive cap rate.

    Lot size:
    0.32 Acres

    Property Features for 101 Westerly Ave

    General Information

    Lot size
    0.32 Acres

    Building Details

    Year built
    1991

    Source: REAL BROKER, LLC Agent MATT KNEECE

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

    Overview

    Income-Producing Duplex Near UVA

    This rare income-producing duplex is located in a desirable area of Charlottesville, in close proximity to the University of Virginia. The property features a total of eight bedrooms and four full bathrooms, with each unit offering four bedrooms and two full bathrooms. The bedrooms feature a unique loft design. Each unit is equipped with laundry facilities and a large living room. Off-street parking is available. The property is currently leased to tenants through June 2026 and is marketed at a 6% cap rate.
    Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Restaurant Realty agency Spa & Massage Auto Repair Shop Hair Salon Clothing Store Nail Salon Hotel & Motel 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
    -78.5228213
    Latitude
    38.0260976

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    FAQs

    What type of property is this?
    Duplex - Rare Charlottesville duplex with eight bedrooms and impressive cap rate.
    Where is this duplex located?
    The property is located at 101 Westerly Ave Charlottesville, VA.
    What is the asking price?
    The asking price for this property is $900,000.
    What are key features of this property?
    This property features: - Income-producing duplex with tenants in place through June 2026.; - Desirable Charlottesville location near the University of Virginia.; - Impressive 6% cap rate.
    (508) 439-9799
    Request Owner's contact information
    101 Westerly Ave 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
    101 Westerly Ave Charlottesville, VA 22903
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