434-531-4004
2006 Stadium Rd, Charlottesville, VA for Sale
Apartments - FOR SALE
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null | Request Cap Rate

2006 Stadium Rd
Charlottesville, VA 22903
Jefferson Park Avenue


HIGHLIGHTS

  • Four contiguous parcels create a unified multifamily investment opportunity.
  • Adjacent to the University of Virginia and Scott Stadium.
  • RX-5 zoning supports future residential density opportunities.
  • Established 78-unit apartment community with in-place income.
  • Walkable access to dining, retail, academic, and medical facilities.
  • Located within Charlottesville's highly constrained university corridor.

OVERVIEW

Cavalier Court presents the opportunity to acquire a four-parcel multifamily assemblage totaling approximately 2.1 contiguous acres in Charlottesville’s Jefferson Park Avenue corridor. Comprised of 78 apartment units across four buildings operating under common ownership, the property benefits from an established income stream while offering future redevelopment and repositioning potential. The portfolio includes a mix of one-bedroom and two-bedroom units and is situated immediately adjacent to the University of Virginia campus, one of the Commonwealth's largest and most influential educational and employment centers. The property's location places residents within walking distance of Scott Stadium, the University of Virginia Grounds, academic facilities, medical institutions, dining destinations, and neighborhood retail. The surrounding corridor continues to attract significant investment activity, including recently completed and planned student housing developments, reflecting sustained demand for housing in this university-oriented submarket. Charlottesville's expanding biotechnology, healthcare, education, and research sectors further support long-term housing demand throughout the area. All four parcels are zoned RX-5 under Charlottesville's development code, providing a framework that supports higher-density residential development within a walkable, transit-accessible environment. Investors can benefit from existing cash flow generated by the current operations while evaluating renovation, redevelopment, or long-term hold strategies. Current occupancy and rental performance provide in-place income, while the assembled land position creates optionality that is difficult to replicate within the supply-constrained university corridor. The combination of scale, contiguous ownership, established operations, and proximity to major demand drivers positions Cavalier Court as a distinctive multifamily investment opportunity in Charlottesville.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF UNITS

78

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Cavalier Court

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1963

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.18 AC

LAND SF

95,004 SF

ZONING

RX-5

APN/PARCEL ID

170-093-000,170-093-100,170-093-200,170-093-300

ASK ABOUT THIS PROPERTY

Rob StockhausenColliers | VirginiaMore Info
434-531-4004

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Rob StockhausenColliers | VirginiaMore Info
434-531-4004

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.