Located less than 5 minutes from downtown Charlottesville, 730 5th St SW offers a unique opportunity for both single family homeowners or investors. This 3-bedroom, 2-bathroom home features single-level living with a cozy layout that provides comfort and convenience in a highly desirable location. The property offers a sense of privacy while still being within the city, along with a spacious backyard that provides plenty of room for relaxing or entertaining. With road frontage on 5th Street, the lot is easily accessible. For investors and builders, the current zoning allows for up to 8 residential units, creating strong potential for redevelopment. The existing home could also serve as a rental during a longer development timeline, helping offset holding costs while plans and permits are finalized. Whether you’re looking for a charming home close to downtown or a property with significant development potential, this one offers flexibility and opportunity in a prime Charlottesville location.
Ridge Street, located between Downtown Mall and the University of Virginia, is a historic and walkable Charlottesville neighborhood with a tree-lined streetscape and a porch-forward streetscape. The neighborhood’s character concentrates around the Ridge Street–Cherry Avenue corridor, where corner storefronts, stoops, and steady foot traffic set an urban-residential rhythm. Early-20th-century cottages and brick homes sit close to the sidewalk, giving blocks a compact, lived-in feel. The IX Art Park and its Saturday farmers market add color and a creative pulse nearby. Live music and local beer culture show up at The Southern Café & Music Hall and Three Notch’d Brewing Company. McGuffey Art Center rounds out the area with working studios and rotating exhibitions.
Provided by Walk Score and Local Logic
Market insights
730 SW 5th St · $394,000
DAYS ON MARKET
80 days
The average home goes pending in 13 days.
SALE-TO-LIST
98.6%
Most homes are selling 1% below list price.
LIST PRICE
$394,000
Median sale price in this area is $683,684. (74% higher than this home)
PRICE DROP
1 price drop
28% of homes in this area have had a price drop in the past month.
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Living
Interior features
Accessible full bath, bedroom, and kitchen
Book cases and built-in features
Ceiling fan(s)
Laminate counters
Cable TV
Bath in primary bedroom
Main level primary
Bedrooms
Bedroom 2 on the first level
Bedroom 3 on the first level
Primary bedroom on the main level
Bathrooms
Two full bathrooms
Full bath with tub & shower on the first level
Accessible full bath
Kitchen
Dishwasher
Exhaust fan
Freezer
Disposal
Microwave
Oven
Refrigerator
Stove
Laminate counters
Accessible kitchen
Laundry & utility
Washer
Dryer
Electric water heater
Flooring
Tile
Vinyl
Heating & cooling
Heat pump and electric heating
Central air conditioning
Exterior features
Deck
Porch
Patio
Balcony
Storage
Manufactured home on property
Smoke detector(s)
Home design
Single-story home
Shingle roof
Mixed construction including block, concrete, drywall and vinyl siding
Resale property
Has a view
Parking
No garage
Off-street parking
Oversized parking
Security
Smoke detector(s)
Construction
Built with block, concrete, drywall and vinyl siding
Shingle roof
Crawl space foundation
Actual year built reported
Utilities
Public water
Sewer not available
Electricity and solar
View estimated energy costs and solar savings for this home