2006 Stadium Rd
Charlottesville, VA 22903
Cavalier Court · Multifamily Property For Sale · 78 Units

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.