$1,675,000

1124 Preston Ave 1122 Charlottesville, VA 22903

$10,000
Closing credit¹
19 beds
16 full, 1 partial
7,276 sqft
0.4 acres
$230 / sqft
Townhouse

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

Home typeTownhouse
HeatingBaseboard, Forced Air, Heat Pump
StatusActive
(ACTIVE)
CoolingCentral Air, Heat Pump
Size7,276 sqft
Lot size0.38 Acres
Year built1935
MLS #658570

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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The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. This home sale information is not to be construed as an appraisal and may not be used as such for any purpose.

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Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/15/2025, 11:20:56 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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rear view of property with a wooden deck

$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.

All data from GreatSchools

Neighborhood

The neighbors living near this home have an average income of $49,875. Most Charlottesville, VA residents have annual incomes between $35k-100k. Most families are single, no kids. Most residents in this area have post secondary degree education.

How much money do the neighbors make?

32%
<35k
45%
35k-100k
22%
100k-200k
1%
200k+

What level of education do the neighbors have?

High School Diploma
Post Secondary Degree
Masters Degree
Doctorate

What types of families live nearby?

43%
Single, No Kids
10%
Single, with Kids
19%
Married, No Kids
28%
Married, with Kids

Are the neighbors home owners or renters?

Home Owners
Renters

How old are people in this area?

15%
<11 yrs old
7%
12-17 yrs old
29%
18-34 yrs old
40%
35-64 yrs old
9%
65+ yrs old

What do the neighbors do for fun?

  • Yoga/pilatesYoga/pilates
  • Men's TennisMen's Tennis
  • Skiing/snowboardingSkiing/snowboarding

Where do the neighbors shop?

  • H&MH&M
  • BloomingdalesBloomingdales
  • NordstromNordstrom

Where do the neighbors go to eat?

  • Dominos PizzaDominos Pizza
  • Bonefish GrillBonefish Grill
  • California Pizza KitchenCalifornia Pizza Kitchen

What do the neighbors drive?

  • AudiAudi
  • LexusLexus
  • BMWBMW

What do the neighbors listen to?

  • AlternativeAlternative
  • NewsNews
  • Talk/PersonalityTalk/Personality
All data provided by Home Junction and Claritas

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 number of listings in Charlottesville, VA increased by 8.6% between January and February 2025. Listings spent 43 days on the market in February 2025, and had a median list price of $533,628 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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