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    116 Olinda Dr Charlottesville, VA 22903

    For Sale
    $485,000

    All-brick home near UVA, perfect as duplex or income property.

    Lot size:
    0.15 Acres

    Property Features for 116 Olinda Dr

    General Information

    Lot size
    0.15 Acres

    Building Details

    Year built
    1965

    Source: KELLER WILLIAMS ALLIANCE - CHARLOTTESVILLE Agent ANGELA FINK

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

    Overview

    Charming Brick Home Near UVA

    This all-brick home is located on a cul-de-sac, minutes from UVA, UVA Hospital, and downtown. It can serve as a duplex or an income-producing property. The property includes a bright 2-bedroom apartment with a private entrance, in addition to the main home. The upper level features a brick fireplace, eat-in kitchen, three bedrooms, a full bath, and a screened porch. The apartment includes a large eat-in kitchen, living room, two bedrooms, office, and full bath. Both spaces share laundry, accessed through an interior stairwell. Upgrades include 200-amp electrical service, LVP flooring and fresh paint in the apartment, a newer washer and dryer, and a 2017 roof. A paved driveway and street parking are available.
    Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Charlottesville
    County
    Charlottesville
    State
    Virginia
    Longitude
    -78.4991596
    Latitude
    38.0236709

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    FAQs

    What type of property is this?
    Duplex - All-brick home near UVA, perfect as duplex or income property.
    Where is this duplex located?
    The property is located at 116 Olinda Dr Charlottesville, VA.
    What is the asking price?
    The asking price for this property is $485,000.
    What are key features of this property?
    This property features: - Income-producing property with a separate 2-bedroom apartment and private entrance.; - Prime location: minutes from UVA, UVA Hospital, and downtown.; - All-brick home on a peaceful cul-de-sac.
    (434) 806-8694
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    116 Olinda Dr 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
    116 Olinda Dr Charlottesville, VA 22903
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