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Multifamily Property in CX-5 District
For Sale
$1,550,000

2303 Fontaine Ave, Charlottesville, VA 22903

Multifamily asset positioned within a mixed-use corridor district that supports residential and commercial development.

Property Size5,527 SF
Price / SF$280.44
Days on Market53

Property Features for 2303 Fontaine Ave

General Information

Standard status Active
Size 5,527 SF
Property subtype Multi-Family
Zoning CX-5

Building Details

Year Built 1939
Listing Agency: Long & Foster Real Estate Inc Staunton/Waynesboro
Listed By: Gary Palmer · License #0225217224[4908]
Source: Towncville
Added: Jul 20 Changed: Sep 9 Last Checked: Sep 9 at 8:37AM

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 Long & Foster Real Estate Inc Staunton/Waynesboro

Investment Insights

Based on property information with market context.

Located at 2303 Fontaine Ave in Charlottesville, this 5,527-square-foot multifamily property was built in 1939. The asset is situated within the CX-5 Corridor Mixed Use 5 district under Charlottesville’s current Development Code.

The district allows up to 5 stories of development by right, subject to applicable development standards. Its framework supports a combination of residential, retail, office, and neighborhood-serving commercial uses along major transportation corridors.

Key Highlights

  • 5,527‑square‑foot multifamily property
  • Built in 1939
  • Located at 2303 Fontaine Ave, Charlottesville, VA 22903

Property Analytics

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Current Use

Multifamily properties

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Hair Salon Spa & Massage Center Nail Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

846
Businesses Nearby

Demographics for 22903, VA

42,170
Population
17,642
Households
2.4
Avg Household Size
28
Median Age
65%
College-Educated
95%
High-School Grad
69.0 sq mi
ZIP Area
611
Density / Sq Mi
$64,352
Median Household Income
$33,607
Median Earnings
$1,479
Median Rent
$510,500
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
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Frequently Asked Questions

What type of property is this?
Multifamily property - Multifamily asset positioned within a mixed-use corridor district that supports residential and commercial development.
Where is this multifamily property located?
The property is located at 2303 Fontaine Ave Charlottesville, VA.
What is the asking price?
The asking price for this property is $1,550,000.
What are key features of this property?
This property features: 5,527‑square‑foot multifamily property; Built in 1939; Located at 2303 Fontaine Ave, Charlottesville, VA 22903
More about this property
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