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Image 1 - 512 Ridge St, Charlottesville, Virginia, 22902 - House for sale
Image 2 - 512 Ridge St, Charlottesville, Virginia, 22902 - House for sale
Image 3 - 512 Ridge St, Charlottesville, Virginia, 22902 - House for sale
Image 4 - 512 Ridge St, Charlottesville, Virginia, 22902 - House for sale
Image 5 - 512 Ridge St, Charlottesville, Virginia, 22902 - House for sale
Image 6 - 512 Ridge St, Charlottesville, Virginia, 22902 - House for sale
Image 7 - 512 Ridge St, Charlottesville, Virginia, 22902 - House for sale
Image 8 - 512 Ridge St, Charlottesville, Virginia, 22902 - House for sale
Image 9 - 512 Ridge St, Charlottesville, Virginia, 22902 - House for sale
Home For Sale In Charlottesville, Virginia
512 Ridge St, Charlottesville, Virginia, 22902

Home For Sale In Charlottesville, Virginia

house for sale
Listed: 04/13/24

512 Ridge St, Charlottesville, Virginia, 22902

4 Bed:
2 Bath:
1,511 Sq Ft Living Area:
Save
Price
$ 1,13M

About This House

Fantastic Development/Investment Potential, currently has existing over/under duplex on Ridge Street and the extra land attached is ideal for future possible construction of new apartments or townhomes. Shown by appointment only, no visits to property without agent knowledge or permission. Access off of city street. Walk to the downtown Charlottesville Mall and only minutes from the University of Virginia. Owner will cooperate with zoning change to obtain higher density for construction of new units. With a 50% Down-payment, Owner Financing Available! Owner may be willing to participate in a rezoning to achieve the highest density possible. With the new zoning in 2024, the development plan should potentially allow 13 luxury townhomes or about 30 apartments.

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Ridge Street Housing & Living

Household Income

Median household income: $54,739
Number of households: 18,408
The average household income in Charlottesville, VA grew from $50,727 to $54,739 in the past year. This data is an estimate based upon 18,408 households in Charlottesville, VA.
The chart below presents how household income is distributed in Charlottesville, VA in comparison to the revenue allocation amid households nationally.

Property Taxes

Average range: $2k-$3k
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Charlottesville, VA compared to median property taxes around the country. The prevalent amount of property taxes in Charlottesville, VA equals $2k-$3k , which is less than the national average.