Fontaine Avenue Income
2401 FONTAINE AVE, Charlottesville, VA 22903
Two-unit property near UVA with development potential.
Type:Investment
Property size:
2,400 SFLot size:
0.50 AcresPrice / SF:
$374/SF- Added:
- Apr 24, 2026
- Days on Market:
- 41
- Last Refresh:
- Apr 24 at 4:08 pm
Property Features for 2401 FONTAINE AVE
General Information
- Standard status
- Active
- Size
- 2,400 SF
- Lot size
- 0.50 Acres
- Property subtype
- Investment
Building Details
- Year Built
- 1925
Listing agent GRIER MURPHY License #0225095030 (434) 466-5850
Listing office Nest Realty (434) 466-5850
Listing date Apr 24, 2026
Source Elliman
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Nest Realty
HighLights
- RARE nearly 1/2 acre lot with CX‑5 zoning allowing for high‑density development.
- Income‑producing two‑unit property with a 4BR/2.5BA main house and a separate 2BR/1BA apartment.
- Prime location within walking/biking distance to UVA Grounds, Scott Stadium, UVA Medical Center, and Fontaine Research Park.
- Potential for conversion to a single‑family residence.
- One‑car garage with bonus room and full bath above, connected by a covered breezeway.
- Off‑street parking for 6+ vehicles.
Overview
This brick two-unit income property is situated on a nearly 1/2 acre lot on the Fontaine Avenue corridor. The property has been consistently rented for just over 20 years and is within walking and biking distance of UVA Grounds, Scott Stadium, the UVA Medical Center, and Fontaine Research Park. The property includes a 2,400 sqft 4-bedroom, 2.5-bathroom main home with hardwood floors and a wood-burning fireplace, as well as a self-contained 2-bedroom, 1-bathroom apartment with its own living room and kitchen. Each unit is separately metered and shares laundry facilities. The units can be combined into a single-family residence. A covered breezeway connects the units to a one-car garage with a bonus room and full bath above. Off-street parking is available for 6+ vehicles. The property carries CX-5 (Corridor Mixed Use 5) zoning, designed to encourage higher-intensity, pedestrian-friendly development along key urban corridors. CX-5 permits unlimited residential density, mixed residential and commercial uses, and building heights up to five stories by right, with no minimum lot size and no off-street parking requirements. The property presents a turnkey rental opportunity and potential for an investor with a longer horizon due to the lot size and zoning.
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- Charlottesville
- County
- Charlottesville
- State
- Virginia
- Longitude
- -78.5188993
- Latitude
- 38.0262613
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Two-unit property near UVA with development potential.
Where is this duplex located?
The property is located at 2401 FONTAINE AVE Charlottesville, VA.
What is the asking price?
The asking price for this property is $898,000.
What are key features of this property?
This property features: RARE nearly 1/2 acre lot with CX‑5 zoning allowing for high‑density development.; Income‑producing two‑unit property with a 4BR/2.5BA main house and a separate 2BR/1BA apartment.; Prime location within walking/biking distance to UVA Grounds, Scott Stadium, UVA Medical Center, and Fontaine Research Park.
