Fantastic Investment opportunity with 3 income producing properties. Current 3 properties consist of two triplexes & one duplex (8 rental units). Great monthly income. Shown by appointment only. Income information available. Access off of city street. Walk to the downtown Charlottesville Mall and only minutes from the University of Virginia. Property sold subject to completion of a boundary line survey adjusting the land behind the three parcels over to 512 Ridge Street, which is also for sale as a development property MLS# 582158, that has an acre of land and the duplex located between Ridge and Burnett Street and the City Cemetery. See aerial photos. With a 50% Down-payment, Owner Financing Available!
Multi-familyProperty Type
1957Year Built
0.65 acresLot Size
$146Price/Sq.Ft.
Listed by TIM CARSON• suppressed_REAL ESTATE III - NORTH
Bought with TIM CARSON• suppressed_REAL ESTATE III - NORTH
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Beds
6
Baths
3
Stories
2
Lot width
—
Lot depth
—
Lot size
6,970 Sq. Ft.
Year renovated
1950
Sq. Ft.
2,993
Year built
1876
Style
Single Family Residential
County
Charlottesville
APN
290277000
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Aug 10, 2026.
Property details
Interior
Virtual Tour Information
Exterior
Building Information
Foundation Details: Block
Exterior Features
Structure Type: High Rise
Property Information
Property Sub Type: Apartment
Property Sub Type Additional: Multi Family
AboveGradeFinishedAreaSource: Public Records
Above Grade Unfinished Area Source: Public Records
BelowGradeFinishedAreaSource: Public Records
Below Grade Unfinished Area Source: Public Records
Lot Information
Lot Size Acres: 0.65
Road Frontage Type: Public Road
Financial
Tax Information
Tax Annual Amount: $9,000
Parcel Number: 290277000, 290275000, 290274000
Tax Year: 2018
Utilities
Utility Information
Utilities: Cable Available, High Speed Internet Available
Sewer: Public Sewer
Water Source: Public
Heating & Cooling
Has Cooling
Cooling: Heat Pump
Has Heating
Heating: Heat Pump
Location
Multi Unit Information
# of Units(Total): 8
Multi Unit Financial Information
Owner Pays: Common Area Maintenance, Taxes
Unit Type 1 Information
Type: 4 Bedroom Or More
Area: 3,126
# of Units Total: 3
# of Beds: 3
# of Baths: 3
Unit Type 2 Information
Type: 4 Bedroom Or More
Area: 1,511
# of Units Total: 2
# of Beds: 4
# of Baths: 2
Unit Type 3 Information
Type: 4 Bedroom Or More
Area: 3,049
# of Units Total: 3
# of Beds: 6
# of Baths: 3
School Information
Elementary School: Summit
Middle Or Junior School: Walker & Buford
High School: Charlottesville
Location Information
Unparsed Address: 506,508,510 RIDGE ST
Directions: From Downtown, take McIntire to Ridge, properties on Ridge St on the left between Oak and Elliott. You can view land by going Ridge Street, left on Elliott , left on Burnett to end of street and you can see behind the properties.
Public facts
Beds: 6
Baths: 3.0
Sq. Ft.: 2,993
Stories: 2.0
Lot Size: 6,970 square feet
Style: Single Family Residential
Year Built: 1876
Year Renovated: 1950
County: Charlottesville
APN: 290277000
Home facts updated by county records on Aug 10, 2026
Around this home
Schools
Clark Elementary School
Public PreK-4 • Assigned • 0.7mi
5/10
Buford Middle School
Public 7-8 • Assigned • 0.5mi
3/10
Charlottesville High School
Public 9-12 • Assigned • 1.8mi
4/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
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
Historical weather
Charlottesville, VA • 22902
Average low and high temperatures (°F)
42
27
49
32
66
43
73
52
75
57
86
68
88
73
83
67
77
63
69
50
60
44
47
32
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 9.2 hours in
June and 4.4 hours in December, placing it below the
U.S. average for solar exposure.
9.2 hrs
4.4 hrs
JuneDecember
Provided by Shadowmap
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