Belmont Investment Property with
207 DOUGLAS AVE Charlottesville, VA 22902
207 DOUGLAS AVE, Charlottesville, VA, 22902
$1,035,000
For Sale
$1,035,000
Investment property in Belmont with four units and off-street parking.
Days on Market111
Property Features for 207 DOUGLAS AVE
General Information
- Standard status
- Active
- Property subtype
- Investment
Building Details
- Year Built
- 1945
Listing Agency
Nest Realty
(434) 760-0739
Listed by
JANICE K KAVANAGH · License #0225089778
(434) 760-0739
Source
Elliman
Added: Apr 1 Updated: Jul 10 at 12:32 pm Checked: Jul 15 at 11:56 am
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
Investment Insights
Based on property information with market context.
Located on a quiet, tree-lined street in Belmont, this investment property sits on a level, landscaped lot with off-street parking. The property is a short walk from Belmont restaurants, the Downtown Mall, IX Park, the Farmer's Market, and Belmont Park. The property features a large house with three apartments, plus a custom-built one-bedroom cottage at the back of the lot. Each rental unit offers privacy with private entrances and porches. Each unit has its own washer and dryer, and all have separate electric meters. There is one water and sewer meter for the property. Zoned R-B, the property can accommodate up to six units by-right, according to the city. The new owner could live in the cottage and immediately benefit from three income-producing units, as all units are currently rented. Three of the four rentals are furnished, while one is unfurnished. The furnished rentals are rented for a minimum of 30 days or longer to travel nurses, UVA professionals, or retirees. The bike score is 80, indicating it is very bikeable, the walk score is 99, indicating it is a walker's paradise, and the transit score is 45, indicating some transit options are available.
Key Highlights
- High income potential with 4 existing rental units, 3 in main house and 1 cottage.
- Zoned R‑B, allowing up to 6 units By‑Right, offering expansion possibilities.
- Excellent location: Walkable to Belmont restaurants, Downtown Mall, IX Park, and Farmer's Market (Walk Score: 99).
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
Similar For Sale Nearby
FAQs
What type of property is this?
Apartment building - Investment property in Belmont with four units and off-street parking.
Where is this apartment building located?
The property is located at 207 DOUGLAS AVE Charlottesville, VA.
What is the asking price?
The asking price for this property is $1,035,000.
What are key features of this property?
This property features: High income potential with 4 existing rental units, 3 in main house and 1 cottage.; Zoned R‑B, allowing up to 6 units By‑Right, offering expansion possibilities.; **Excellent location: Walkable to Belmont restaurants, Downtown Mall, IX Park, and Farmer's Market (Walk Score: 99).**
