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$450,000 - 4Br/2Ba - for Sale in Fifeville, Charlottesville
Price: $450,000
Beds: 4
Baths: 2
Living Area SqFt: 1,546
Status: Active
Property Type: Detached
Lot Size Acres: 0.18
Lot Size SqFt: 7,840
Year Built: 1946
Neighborhood: Fifeville
Days on Website: 27

Courtesy of FOUR CORNERS REAL ESTATE SOLUTIONS, LLC

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Property Description

This 0.18-acre lot in Fifeville, Charlottesville, offers a unique redevelopment opportunity and can be subdivided. Currently featuring a house, the property is zoned R-B, allowing for a baseline of 6 units, which can increase to 8 units if the existing home is retained. For projects that include affordable housing, the potential expands to 12 units. With the adjacent 0.14-acre lot also for sale, this is an excellent chance to maximize development potential in a desirable neighborhood.

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Property Details and Features

  • Basement
  • Yes
  • Bathrooms
  • 2 full bathrooms
  • 2 bathrooms
  • Bedrooms
  • 4 bedrooms
  • Building
  • 2 Story
  • 1,546 finished square feet
  • 1,910 total square feet
  • 364 unfinished square feet
  • Built in 1946
  • Cooling
  • Window Unit(s)
  • Foundation
  • Concrete Slab
  • Heating
  • Hot Water
  • None
  • Listing
  • 27 days on the market
  • Location
  • Directions: I-64 E Charlottesville, take the exit onto 5th St. Southwest, turn left onto 5th St. Southwest toward Charlottesville, turn left onto Cherry Avenue, turn right onto Hanover Street, and the destination is on your right at 500 Hanover St.
  • Subdivision: Fifeville
  • City: Charlottesville
  • Lot
  • 0.18 acres
  • Schools
  • Elementary school: Johnson (Charlottesville)
  • Middle school: Walker & Buford
  • High school: Charlottesville
  • Taxes
  • Annual taxes: $3,227
  • Year: 2023
  • Utilities
  • Water: Public Water

Property Map

$450,000 – 500 Hanover St, Charlottesville, VA 22903

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