1122 Preston Ave Unit A-B Charlottesville, VA 22903
Property details
About 1122 Preston Ave Unit A-B
This fully-leased investment property, located on Preston Ave, just minutes walking from the University of Virginia, presents a prime opportunity for investors. With 11 bedrooms and 11 bathrooms, it is well-suited for UVA students, faculty, or staff, ensuring strong demand and consistent rental income. The property features spacious common areas, large kitchens, and ample private parking with 19 parking spots for both buildings. Situated in a highly desirable location, the property is within walking or biking distance of UVA's campus, making it an attractive choice for long-term renters with a consistently occupied rental history and immediate cash flow, this property offers a stable, income-generating asset in one of Charlottesville’s most sought-after neighborhoods. 1124 Preston Ave is for sale as well, both properties can be bought together in a combo deal.
Highlights
Summary
- Full Bathrooms: 11
- Interior: Master Downstairs
- Total Bedroom Count: 11
- Attached Garage: No
- Heating: Forced Air
- Cooling: Central Air, Heat Pump
- List Price: $1,050,000
- Price/SqFt: $177
- Directions: From preston at barracks, go towards rose hill. Home is on right
- Year Built: 1935
- Stories: 2
- Living Area: 5,921 SqFt
- Lot Size: 0.38 Acres
- MLS Number: 663807
- MLS Name: CharlottesvilleVA
- Office Name: AVENUE REALTY, LLC
- Office Phone: (843) 365-5272
- Office Email: darian@avenuerealtygroup.com
- Listing Agent: WILL NAFEI
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Last updated on: 5/23/2025, 8:15:37 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$1,050,000
1122 Preston Ave Unit A-B
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Price information
Property sales
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Tax history
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Nearby schools
8
Venable Elementary School
Public District PK-4
0.4 mi
•406 14th St NW
4
Johnson Elementary School
Public District PK-4
1.6 mi
•1645 Cherry Ave
4
Burnley-Moran Elementary School
Public District PK-4
1.7 mi
•1300 Long St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $49,875. Residents of Charlottesville, VA typically earn between $35k-100k each year. Most families are single, no kids. The majority of residents in this area have post secondary degree education.
How much money do the neighbors make?
What level of education do the neighbors have?
What types of families live nearby?
Are the neighbors home owners or renters?
How old are people in this area?
What do the neighbors do for fun?
Yoga/pilates
Men's Tennis
Skiing/snowboarding
Where do the neighbors shop?
H&M
Bloomingdales
Nordstrom
Where do the neighbors go to eat?
Dominos Pizza
Bonefish Grill
California Pizza Kitchen
What do the neighbors drive?
Audi
Lexus
BMW
What do the neighbors listen to?
Alternative
News
Talk/Personality
Frequently asked questions
About 1122 Preston Ave Unit A-B
The listing price of 1122 Preston Ave Unit A-B property is $1,050,000.
The property 1122 Preston Ave Unit A-B is a house located in Charlottesville, Virginia, 22903.
Active Listing: 1122 Preston Ave Unit A-B is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 1122 Preston Ave Unit A-B are: Venable Elementary School (GreatSchools Rating 8/10), Johnson Elementary School (GreatSchools Rating 4/10), Burnley-Moran Elementary School (GreatSchools Rating 4/10), Burley Middle School (GreatSchools Rating 4/10), Walker Upper Elementary School (GreatSchools Rating 2/10), Buford Middle School (GreatSchools Rating 3/10), Murray (GreatSchools Rating 5/10), Charlottesville High School (GreatSchools Rating 4/10), Albemarle High School (GreatSchools Rating 4/10).
The property at 1122 Preston Ave Unit A-B has 11 bedrooms and 11 bathrooms.
The property 1122 Preston Ave Unit A-B is 5,921 SqFt (source: MLS/tax record).
The year of construction for 1122 Preston Ave Unit A-B is 1935.
This home is located at 1122 Preston Ave Unit A-B in Charlottesville, VA and zip code 22903 in the Barracks / Rugby neighborhood. This 5,921 square foot home, which was built in 1935, sits on a 0.38 acre lot. Features: 11 bedrooms, 11 bathrooms. It has been listed on Rocket Homes since April 28, 2025 and is currently priced at $1,050,000.
Charlottesville, VA housing market in April 2025 saw over 27 listings sold above listed price, more than 23 sold at listed price and over 26 sold below. Between March and April 2025, Charlottesville, VA real estate market has seen increase in the number of listings by 28.1%. In April 2025, listings were on the market for 28 days. During the same period, the median list price in this real estate market was $529,029.