$10,000 Closing Credit¹
#663807, WILL NAFEI, Listing office: AVENUE REALTY, LLC
$525,000 List price
1124 Preston Ave Charlottesville, VA 22903
$6,234
Closing credit¹
8 beds
5 full, 1 partial
5,041 sqft
0.4 acres
$104 / sqft
House
Property details
About 1124 Preston Ave
This fully-leased investment property, located on Preston Ave, just minutes walking from the University of Virginia, presents a prime opportunity for investors. With 8 bedrooms and 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. 1122 Preston Ave is for sale as well, and both properties can be purchased together in a combo deal.
Highlights
Home typeSingle Family Residence
HeatingCentral, Forced Air
StatusActive
CoolingCentral Air, Heat Pump
Size5,041 sqft
Lot size0.38 Acres
Year built1935
MLS #663809
Summary
- Partial Bathrooms: 1
- Full Bathrooms: 5
- Interior: Master Downstairs
- Total Bedroom Count: 8
- Attached Garage: No
- Heating: Central, Forced Air
- Cooling: Central Air, Heat Pump
- List Price: $525,000
- Price/SqFt: $104
- Directions: From barracks, take preston toward rose hill. Home on left
- Year Built: 1935
- Stories: 2
- Living Area: 5,041 SqFt
- Lot Size: 0.38 Acres
- MLS Number: 663809
- MLS Name: CharlottesvilleVA
- Office Name: AVENUE REALTY, LLC
- Office Phone: (843) 365-5272
- Office Email: darian@avenuerealtygroup.com
- Listing Agent: WILL NAFEI
The data relating to real estate for sale on this site comes in part from the Broker Reciprocity/IDX program of Charlottesville Area Association of REALTORS®, Greater Augusta Association of REALTORS® and Harrisonburg-Rockingham Association of REALTORS®. Real estate listings held by other brokerage firms are marked with the BR logo and detailed information about them includes the name of the listing brokers. Listing broker has attempted to offer accurate data, but buyers are advised to confirm all items. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information provided is thought to be reliable but is not guaranteed to be accurate; you are advised to verify facts that are important to you. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user. The Charlottesville Area Association of REALTORS®, Greater Augusta Association of REALTORS® and Harrisonburg-Rockingham Association of REALTORS® does not create, control or review the property data displayed herein and take no responsibility for the content of such records. Federal law prohibits discrimination on the basis of race, color, religion, sex, handicap, familial status or national origin in the sale, rental or financing of housing. Information deemed reliable but not guaranteed. Copyright © 2025 Charlottesville Area Association of REALTORS®, Greater Augusta Association of REALTORS® and Harrisonburg-Rockingham Association of REALTORS®. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 6/14/2025, 11:45:36 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$525,000
1124 Preston Ave
$6,234
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. Residents typically live in single, no kids family. Typical level of education for residents in this area is post secondary degree.
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/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
All data provided by Home Junction and Claritas
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Frequently asked questions
About 1124 Preston Ave
The listing price of 1124 Preston Ave property is $525,000.
The property 1124 Preston Ave is a house located in Charlottesville, Virginia, 22903.
Active Listing: 1124 Preston Ave is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 1124 Preston Ave 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 1124 Preston Ave has 8 bedrooms and 5 full and 1 half bathrooms.
The property 1124 Preston Ave is 5,041 SqFt (source: MLS/tax record).
The year of construction for 1124 Preston Ave is 1935.
This home is located at 1124 Preston Ave in Charlottesville, VA and zip code 22903 in the Barracks / Rugby neighborhood. This 5,041 square foot home, which was built in 1935, sits on a 0.38 acre lot. Features: 8 bedrooms, 6 bathrooms. It has been listed on Rocket Homes since April 28, 2025 and is currently priced at $525,000.
Over 37 listings were sold over their listed price in May 2025 in Charlottesville, VA. In the same period over 48 listings were sold below the listed price and 31 listings were sold for the listed price. The number of listings in Charlottesville, VA increased by 6.2% between April and May 2025. Listings spent 26 days on the market in May 2025, and had a median list price of $530,030 during the same period.
From Rocket Homes Real Estate and based on county public records data.