Pre-leasing for 2027/2028 year!! A truly rare opportunity to rent one of the closest off-Grounds homes to the University of Virginia. 505 Valley Road sits directly next to and borders UVA's South Lawn, offering what many consider the best location in Charlottesville -- just steps from Cabell Hall, The Lawn, and the heart of UVA's academic core. Set back on a quiet cul-de-sac, the property offers an unusual combination of total walkability and residential charm. Students can walk to classes, libraries, events, and UVA Hospital in minutes without relying on buses, parking, or long walks through town. The home features 8 bedrooms and 4 full baths, with spacious common areas, hardwood floors, arched windows, and large bedrooms well-suited for group living. The layout gives students plenty of space to gather or quiet corners for privacy. Outside, the backyard is great for relaxing, hanging out with friends, or small gatherings. For parents, the location offers exceptional peace of mind. The property directly borders UVA Grounds, allowing students to remain on or immediately adjacent to campus for daily activities while living in a quiet, established neighborhood. Compared to on-Grounds housing, this home offers significantly more space, privacy, and independence while still being closer to UVA's academic center than most dorms. It's a rare chance to enjoy full-house living without giving up proximity to campus. Kitchen, bathroom, and other renovations are planned for Summer 2026, adding modern functionality while preserving the home's classic brick character. Price is per person!
Contact 505 Valley Rd
Policies
PetsNo pets allowed
No pets allowed
Lease termsDeposit: $1,500
Deposit
$1,500
ParkingOutdoor
Type
Outdoor
Amenities
In-unitDishwasher, Washer & Dryer In Unit, Hardwood Flooring
Dishwasher
Washer & Dryer In Unit
Hardwood Flooring
Air Conditioning
Unique featuresPrivate Yard, Outdoor Parking
Private Yard
Outdoor Parking
Around 505 Valley Rd
Schools
Places
Transit
4/10
Venable Elementary School
Public, PreK-4 • Assigned • 0.7mi
3/10
Buford Middle School
Public, 7-8 • Assigned • 0.6mi
4/10
Charlottesville High School
Public, 9-12 • Assigned • 2.1mi
Provided by GreatSchools
About Jefferson Park
Avenue
Jefferson Park Avenue, located between the University of Virginia Grounds and Downtown Charlottesville, is a residential and academic Charlottesville neighborhood with a walkable corridor and a hillside setting. The neighborhood’s character concentrates around the Jefferson Park Avenue and Shamrock Road junction, where late-night slices, coffee counters, and campus-facing storefronts keep the sidewalks in motion. Architectural cues lean toward early-20th-century houses, brick apartment buildings, and compact student-era walk-ups stepping down toward the rail line. The Corner’s independent staples—The Corner, Bodo’s Bagels, and The Jefferson Theater—anchor daily routines and evening plans. Small pocket greens and UVA’s nearby lawns shape a street-level rhythm of foot traffic and bikes. JPA’s main drag reads as practical and lived-in, with views that open toward the Blue Ridge on clear days.
Provided by Walk Score and Local Logic
Historical weather
Charlottesville, VA • 22903
Average low and high temperatures (°F)
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77
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69
47
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29
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Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
6/10 Heat Factor
7 days above 103° expected this year, 17 days in 30 years
2/10 Wind Factor
2% chance of strong winds in next 30 years
1/10 Air Factor
0 unhealthy days expected this year, 0 days in 30 years
Provided by First Street
Sun exposure
In this area, properties receive around 9.1 hours in
June and 4.3 hours in December, placing it below the
U.S. average for solar exposure.
This property is priced $1,244 below the rental estimate which makes this a great deal!
Asking rent
$1,500
Rental estimate
$2,744
Nearby comparable rentals
The Rental Estimate uses 0 recent nearby rental.
Sale and tax history for 505 Valley Rd
Sale History
Tax History
Date
Event
Price
Avail #1
Apr 16, 2026
Price Changed
$1,500
$1/sq ft
Mar 19, 2026
Listed for Rent
$10,395
$6/sq ft
CAAR #668532
Oct 17, 2025
Sold
$900,000
$492/sq ft
Aug 31, 2025
Listed
$849,000
$464/sq ft
+24
A rare opportunity in Charlottesville’s most sought-after location—adjacent to the University of Virginia’s South Lawn and a short walk to UVA Hospital. This classic 1948 brick home offers six bedrooms, four full baths, and is currently fully leased for the academic year, making it an ideal turn-key investment. Set back from the road and sited on the cul de sac, the property features timeless architectural details—arched windows, hardwood floors, and spacious rooms filled with character and charm. The unbeatable proximity to Grounds ensures lasting demand and long-term value. Perfect for student housing or as a hold-and-appreciate investment, this is an incredible chance to own real estate in one of the most desirable university settings in the country. Leased through 5/31/2026 at $5,700/month - includes $500/monthly utility allowance. Current undergrad tenants would like to extend their lease, if possible. Shown by appointment, after 12 noon - with 24-48 hours notice.
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505 Valley Rd is a 2170 square foot property with 6 bedrooms and 4 bathrooms. We estimate that 505 Valley Rd would rent between $2,744 / mo.505 Valley Rd is located in Charlottesville, the 22903 zipcode, and the Charlottesville Cty Public Schools.