Neighborhood
224 5th St SW, Charlottesville, VA 22903
2 beds · 1 bath · 1,056 sq ft · Lot: 5,140 sq ft · Single Family Home · Last Sold: $255K in 2007 · Built: 1935
Est. Value:
$276K
Est. Rent:
$2.1K/month

224 5th St SW Charlottesville, VA 22903

2 beds · 1 bath · 1,056 sq ft · Lot Size: 5,140 sq ft · Single Family Home · Fifeville
Est. Property Value: $276,420

High Demand Long-Term RentalValued below Market MedianOwned for 15 - 25 Years

Get AI-powered intel on property income potential, propensity to sell and other key info to close on the right property.

224 5th St SW is in the Fifeville neighborhood of Charlottesville, VA. It is located in Charlottesville city County and ZIP code 22903. This Single Family Home was built in 1935 and is approximately 90 years old. The single family home spans 1056 sq ft with 2 bedrooms and 1 bathroom and sits on a 5140 sq ft lot. According to public records, it was last sold in 2007 for $255,000 and has a tax-assessed value of $415,300, which is $262 per sq ft. The Fifeville area of Charlottesville has 105 residential homes with an average size of 1002 sq ft. Analyze and compare real estate investment strategies for properties like this home at 224 5th St SW Charlottesville, VA 22903 with Property Intel by Whitepages.

Investment Potential for 224 5th St SW

The property has a current estimated value of $276,420, which is 17% below the neighborhood median, based on public records. It last sold on July 30, 2007 for $255K. Projected long-term
is $25,200 annually ($2,100 per month) with a 90% occupancy rate.

Discover more Single Family Homes in Fifeville.
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Long-Term

Gross Rental
$25,200 per year($2,100 per month)
Net Operating Income
$*****View Net Operating Income
Cap Rate
****%View Cap Rate
Occupancy Rate
90%in 22903 zip code
 
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Owners & Occupancy for 224 5th St SW

No contact information is available.

Occupancy

Current Occupancy*****View Occupancy
Resident 1********** age 46

Property Details for 224 5th St SW

Property Details

Property Sq Ft

Living Area

1,056 sq ft

5% above market

Lot Size

5,140 sq ft

16% below market

Price Per Sq Ft

Living Area

$262 / sq ft

17% below market

Lot Size Area

$54 / sq ft

2% above market

Property condition, age, exterior, etc. for 224 5th St…
Longitude: -78.488595 Latitude: 38.028974 Parcel Number (APN): 290-061-000…
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Recommended Properties in Fifeville

Discover more single family homes near 224 5th St SW in Charlottesville, Virginia. Get property details like ownership length, owner age, and occupancy status to help you find the best real estate opportunities in this neighborhood.

Market Benchmarks

Compare data for 224 5th St SW in Charlottesville city County to the median in the neighborhood area and surrounding markets, where available.
View neighborhood benchmarks
Property
State
Difference
$276,420
$228,331
$48,089 (21%)
$******
$349,730
$9,006 (3%)
YoY Price Change
****%
2.6%
-462%
Year Built
1935
1963
-28 years
Living Space
1,056 sq ft
1,140 sq ft
-84 (-7%)
$ Per Living Sq Ft
$262
$188
$74 (39%)
Lot Size
5,140 sq ft
11,769 sq ft
-6629 (-56%)
$ Per Lot Sq Ft
$54
$34
$19 (56%)

Net Operating Income
$*****
$20,534
-$4,849 (-24%)
Annual Revenue
$25,200
$25,800
-$600 (-2%)
$****
$5,362
$4,153 (77%)
Net Operating Income
$*****
$20,534
-$4,849 (-24%)
Cap Rate
****%
8.01%
—
View Neighborhood Data
Home Value Comparison: Property vs. Local and Regional 2-Bed Single Family Home Medians

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