Check Availability
$1,125,000
Multifamily - For Sale

512 RIDGE ST ST

CHARLOTTESVILLE, VA 22902
bedrooms
Studio
bathrooms
0 Bath
$5,524
Estimated Monthly
$0
HOA / Fees

About This Property

Fantastic Development/Investment Potential currently has existing over/under duplex on Ridge Street and the extra land attached is ideal for future possible construction of new apartments or townhomes. Shown by appointment only, no visits to property without agent knowledge or permission. Access off of city street. Walk to the downtown Charlottesville Mall and only minutes from the University of Virginia. With the new zoning in place in 2024, the development plan should potentially allow for 13 luxury townhomes or about 30 apartments.  Architect plans for the homes and the site plan are available upon request.
Unit Size
-
Days on Market
20 days
Land Size
1.00 acres
Price per sqft
-
Property Type
Multifamily
Property Taxes
$583
HOA Dues
-
Year Built
1957
Listed By
TIM CARSON
REAL ESTATE III - NORTH
Last updated: 14 days ago (Bright MLS #582158)

Price History

Date / Event Date Event Price
Apr 9, 2024 Relisted $1,125,000
Relisted
Mar 15, 2024 In contract -
In contract
Oct 4, 2018 Listed by REAL ESTATE III - NORTH $1,125,000
Listed by REAL ESTATE III - NORTH

Property Highlights

Interior Details

Basement Information

Has Basement
Heated, Partially Finished, Walkout Level, Windows
Exterior Details

Property Information

Ownership Interest: Other
Year Built Source: Estimated

Building Information

Construction Not Completed
Foundation Details: Block
Roof: Composite
Structure Type: Twin/Semi-Detached

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
2 Beds
2 Baths
2,155 ft²
$510/ft²
$1,100,000 Jan 9, 2024
$1,100,000 Feb 27, 2024
$600/mo
House
3 Beds
3 Baths
2,078 ft²
$450/ft²
$934,500 Sep 22, 2023
$934,500 Oct 27, 2023
-
House
5 Beds
5 Baths
2,731 ft²
$347/ft²
$949,000 Feb 13, 2024
-
-

Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By

Building Info

512 Ridge Street 512 Ridge Street, Charlottesville, VA 22902
  • 1 Unit for Sale
More about this Building
512 Ridge Street
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About Ridge St.


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