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Charlottesville Multifamily Portfolio 3 Multifamily Properties in Charlottesville, VA
Investment Highlights
- Three historic multifamily properties offered in Charlottesville, Virginia.
- Located near Downtown Charlottesville amenities and employment centers.
- Contributing historic structures may support qualifying tax credit programs.
- All 15 units are leased through August 15, 2027.
- Portfolio includes 117 Altamont Circle, 759 Belmont Avenue, and 701 Maple Street.
- Portfolio and select individual property acquisitions may be considered.
Executive Summary
Viewmont Associates Apartment Portfolio presents the opportunity to acquire a collection of three historic multifamily properties located in Charlottesville, Virginia. The portfolio consists of 117 Altamont Circle, 759 Belmont Avenue, and 701 Maple Street, totaling 15 apartment units situated in established residential neighborhoods near Downtown Charlottesville.
The properties benefit from proximity to Charlottesville's employment, dining, entertainment, and educational amenities, providing tenants convenient access to the city's core attractions and services. The portfolio's location near Downtown Charlottesville supports sustained rental demand and has contributed to a history of consistent occupancy.
All units are currently leased through August 15, 2027, providing in-place income and operational continuity for a new owner. The assets offer multiple ownership strategies, including continued multifamily operation, opportunities to improve net operating performance through future property enhancements, and potential long-term repositioning opportunities where permitted. Each property is identified as a contributing historic structure, which may create opportunities for qualifying renovation projects to pursue applicable historic tax credit programs.
The portfolio includes six units at 117 Altamont Circle, six units at 759 Belmont Avenue, and three units at 701 Maple Street. The properties may be acquired together as a portfolio, while individual property offers may also be considered. This offering combines stable tenancy, historic character, and desirable Charlottesville locations within a single multifamily investment opportunity.
The properties benefit from proximity to Charlottesville's employment, dining, entertainment, and educational amenities, providing tenants convenient access to the city's core attractions and services. The portfolio's location near Downtown Charlottesville supports sustained rental demand and has contributed to a history of consistent occupancy.
All units are currently leased through August 15, 2027, providing in-place income and operational continuity for a new owner. The assets offer multiple ownership strategies, including continued multifamily operation, opportunities to improve net operating performance through future property enhancements, and potential long-term repositioning opportunities where permitted. Each property is identified as a contributing historic structure, which may create opportunities for qualifying renovation projects to pursue applicable historic tax credit programs.
The portfolio includes six units at 117 Altamont Circle, six units at 759 Belmont Avenue, and three units at 701 Maple Street. The properties may be acquired together as a portfolio, while individual property offers may also be considered. This offering combines stable tenancy, historic character, and desirable Charlottesville locations within a single multifamily investment opportunity.
Property Facts
| Sale Type | Investment | Individually For Sale | 0 |
| Status | Active | Total Building Size | 13,250 SF |
| Number of Properties | 3 | Total Land Area | 0.67 AC |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 0 |
| Total Building Size | 13,250 SF |
| Total Land Area | 0.67 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 759 Belmont Ave, Charlottesville, VA 22902 | Multifamily | 5,964 SF | 1960 | - |
| 117 Altamont Cir, Charlottesville, VA 22902 | Multifamily | 4,888 SF | 1915 | - |
| 701 Maple St, Charlottesville, VA 22902 | Multifamily | 2,398 SF | 1910 | - |
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