1124 Preston Ave 1122 Charlottesville, VA 22903
Property details
About 1124 Preston Ave 1122
This fully-leased investment property, located on Preston Ave, just minutes walking from the University of Virginia, presents a prime opportunity for investors. With 19 bedrooms and 16.5 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. 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.
Highlights
(ACTIVE)
Summary
- MLS Number: 658570
- MLS Name: CAAR
- Office Name: AVENUE REALTY, LLC
- Office Phone: (434) 326-5477
- Office Email: darian@avenuerealtygroup.com
- Listing Agent: WILL NAFEI
- Agent Phone: (434) 242-9471
- Agent Email: willnafeithenook@gmail.com
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$1,675,000
1124 Preston Ave 1122
$10,000
closing credit¹
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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. The majority of Charlottesville, VA residents have income between $35k-100k annually. The most common type of family is 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 1124 Preston Ave 1122
This home is located at 1124 Preston Ave 1122 in Charlottesville, VA and zip code 22903 in the Barracks / Rugby neighborhood. This 7,276 square foot home, which was built in 1935, sits on a 0.38 acre lot. Features: 19 bedrooms, 17 bathrooms. It has been listed on Rocket Homes since November 7, 2024 and is currently priced at $1,675,000.
Over 11 listings were sold over their listed price in February 2025 in Charlottesville, VA. In the same period over 26 listings were sold below the listed price and 16 listings were sold for the listed price. The inventory of homes for sale in Charlottesville, VA between January and February 2025 increased by 8.6%. The median list price of listings available in February 2025 was $533,628, while the average time on the real estate market was 43 days.