1 day on Rocket
$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
(ACTIVE)
(ACTIVE)
CoolingCentral Air, Heat Pump
Size5,041 sqft
Lot size0.38 Acres
Year built1935
MLS #663809
Summary
- Partial Bathrooms: 1
- Full Bathrooms: 5
- Basement: No
- Interior: Entry Level Bedroom
- Total Bedroom Count: 8
- Architectural Style: Other
- 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: 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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Last updated on: 4/29/2025, 5:21:03 PM 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. The majority of families are single, no kids. The majority of 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/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.
In March 2025, from all listings sold in Charlottesville, VA there were more than 41 sold above asking price, over 22 sold below and more than 18 were sold right at the asked price. Between February and March 2025, Charlottesville, VA real estate market has seen increase in the number of listings by 39.9%. While the average time on the market in March 2025 was 25 days, the median list price was $530,475.
From Rocket Homes Real Estate and based on county public records data.