Neighborhood
506 2nd St NE, Charlottesville, VA 22902
4 beds · 4 baths · 2,251 sq ft · Lot: 7,231 sq ft · Single Family Home · Last Sold: $140K in 1993 · Built: 1949
Est. Rent:
$3.4K/month

506 2nd St NE Charlottesville, VA 22902

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4 beds · 4 baths · 2,251 sq ft · Lot Size: 7,231 sq ft · Single Family Home · North Downtown

Owned for 25 - 50 YearsOwner Age Above 75

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506 2nd St NE is in the North Downtown neighborhood of Charlottesville, VA. It is located in Charlottesville city County and ZIP code 22902. This Single Family Home was built in 1949 and is approximately 76 years old. The single family home spans 2251 sq ft with 4 bedrooms and 4 bathrooms and sits on a 7231 sq ft lot. According to public records, it was last sold in 1993 for $140,000 and has a tax-assessed value of $988,300. The North Downtown area of Charlottesville has 192 residential homes with an average size of 2772 sq ft. Analyze and compare real estate investment strategies for properties like this home at 506 2nd St NE Charlottesville, VA 22902 with Property Intel by Whitepages.

Investment Potential for 506 2nd St NE

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Long-Term

Gross Rental
$40,800 per year($3,400 per month)
Net Operating Income
$*****View Net Operating Income
Cap Rate
—
Occupancy Rate
92%in 22902 zip code
 
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Owners & Occupancy for 506 2nd St NE

This property is owned by Irene B Dorrier. Owner contact information includes 1 phone number.

Property Owners

Residence*******************
Landline
Distance from Property**********

OccupationMaster Fabricator, Absolute Metals
Cell Phone(702) ***-****View Cell Phone
Residence*******************
Landline
Distance from Property**********
Email Address*******@netscape.netView Email
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Property Ownership Information

Purchase DateMarch 12, 1993
Property Tax Amount$9,786 in 2024
Purchase Price$140,000

Occupancy

Current Occupancy*****View Occupancy
Resident 1*************** age 78
Resident 2********************* age 74
Resident 3************************ age 43
Resident 4****************** age 50
Resident 5**************

Property Details for 506 2nd St NE

Property Details

Property Sq Ft

Living Area

2,251 sq ft

19% below market

Lot Size

7,231 sq ft

25% below market

Property condition, age, exterior, etc. for 506 2nd St…
Longitude: -78.478554 Latitude: 38.034739 Parcel Number (APN): 330-025-000…
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Market Benchmarks

Compare data for 506 2nd St NE in Charlottesville city County to the median in the neighborhood area and surrounding markets, where available.
View neighborhood benchmarks
Property
State
Difference
—
—
—
—
—
—
YoY Price Change
****%
2.29%
310%
Year Built
1949
1989
-40 years
Living Space
2,251 sq ft
2,564 sq ft
-313 (-12%)
$ Per Living Sq Ft
—
—
—
Lot Size
7,231 sq ft
14,593 sq ft
-7362 (-50%)
$ Per Lot Sq Ft
—
—
—

Net Operating Income
$*****
$23,576
$1,930 (8%)
Annual Revenue
$40,800
$36,000
$4,800 (13%)
$*****
$12,219
$3,075 (25%)
Net Operating Income
$*****
$23,576
$1,930 (8%)
Cap Rate
—
—
—
View Neighborhood Data
Home Value Comparison: Property vs. Local and Regional 4-Bed Single Family Home Medians

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