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Property profile

1700 Old Brook Rd Charlottesville, VA 22901

OFF-MARKET
Residential income homes
3,298 SF 7.96 ac lot Built 1967
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Property summary

AI-generated overview

This exceptional investment opportunity presents a two-unit multifamily property ideally situated at 1700 Old Brook Rd, Charlottesville, VA 22901, in Albemarle County. The property, built in 1967, comprises two single-family homes, suitable for both traditional rental and student housing, given its location. The combined square footage totals 3,298 across the two buildings, each situated on a spacious 7.96-acre lot. The property features a total of two units, offering a manageable investment portfolio. The asking price is $875,000. The property's APN is 493810918109. This is a rare opportunity to acquire a multifamily property in a desirable Charlottesville location with significant land area. The single-story buildings offer ease of maintenance and management. The property's multi-unit nature provides potential for strong rental income and appreciation. Given the proximity to educational institutions, this property is well-suited for student housing, offering a consistent stream of rental income. Investors seeking a stable and potentially high-yield investment should consider this attractive offering. The property's size and location make it a compelling investment opportunity in the thriving Charlottesville market.

Property profile

Verified
Property type Residential income homes
Year built 1967
Total area 3,298 SF
Lot 7.96 ac (346,738 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1700 Old Brook Rd Charlottesville, VA 22901
Charlottesville metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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