116 Raymond Ave
Charlottesville, VA 22903
Fry Springs- 8 Beds
- 3,054 sqft
8 Beds
3,054 sqft
Local Information
-- mins to
Home Highlights
Property Type
Multi-Family
Year Built
1982
Living Area
3,054 sqft
Price/Sqft
$238
About this House
Prime University rental location which is fully rented. Walking distance as well as on University and City bus lines. Currently priced at a 7% CAP rate. Pro-forma data available in attached documents.
116 Raymond Ave, Charlottesville, VA 22903 is a 8 bedroom, 3,054 sqft multi-family in Fry Springs, built in 1982. It last sold for $525,000 on Nov 16, 2021. It is currently off market. The Trulia Estimate is $727,800, with a rent estimate of $2,251/month.
Home Details for 116 Raymond Ave
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Interior Details BasementNumber of Rooms: 12 |
Heating & Cooling Heating: Heat PumpHeating Fuel: Heat Pump |
Levels, Entrance, & Accessibility Stories: 1 |
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Exterior Home Features Roof: Shake ShingleDeckExterior: BrickFoundation Type: Slab |
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Year Built Year Built: 1982 |
Property Type / Style Property Type: Multi Family |
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Units in Building: 2 |
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Lot Area: 9844 sqft |
Price History for 116 Raymond Ave
| Date | Price | Event | Source |
|---|---|---|---|
| 11/16/2021 | $525,000 | Sold | N/A |
| 09/30/2021 | $519,000 | Pending | CAAR #622659 |
| 09/30/2021 | $519,000 | Listed For Sale | CAAR #622659 |
| 11/01/2011 | $439,900 | ListingRemoved | Agent Provided |
| 03/27/2011 | $439,900 | Listed For Sale | Agent Provided |
| 09/17/2001 | $189,000 | Sold | N/A |
| 06/18/1992 | $30,000 | Sold | N/A |
Market trends in Charlottesville
Last updated June 2026
Avg. sale price
$508K
$39.42KMoM
Sale-to-List Price
99.6%
0.6%MoM
Price per sq ft
$265
$13MoM
Available listings
440
6MoM
Property Tax and Assessment
| Year | 2025 |
|---|---|
| Tax | $6,731 |
| Assessment | $678,000 |
Home facts updated by county records
Comparable Sales for 116 Raymond Ave
Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.02 | Multi-Family Home | $545,000 | 08/10/25 | 4 | 2 | 1,851 | |
0.20 | Multi-Family Home | $650,000 | 12/18/25 | 6 | 6 | 2,560 | |
0.19 | Multi-Family Home | $850,000 | 10/17/25 | 8 | 8 | 2,394 | |
0.12 | Multi-Family Home | $845,000 | 01/20/26 | 4 | 2 | 2,864 | |
0.68 | Multi-Family Home | $619,000 | 06/22/26 | 6 | 4 | 2,640 | |
0.53 | Multi-Family Home | $800,000 | 09/01/25 | 7 | 3.5 | 4,001 | |
0.52 | Multi-Family Home | $512,000 | 10/24/25 | 4 | 2 | 1,270 | |
0.13 | Multi-Family Home | $315,000 | 06/10/26 | 3 | 1.5 | 1,229 | |
0.21 | Multi-Family Home | $2,600,000 | 08/28/25 | 16 | 8 | 7,851 | |
0.71 | Multi-Family Home | $310,000 | 12/01/25 | 3 | 3 | 1,296 |
Nearby homes
Get a sense of prices in the area by checking nearby homes.Assigned Schools
These are the assigned schools for 116 Raymond Ave.
What Locals Say about Fry Springs
At least 30 Trulia users voted on each feature.
81 % Say parking is easy
78 % Say people would walk alone at night
77 % Say it's dog friendly
76 % Say there are sidewalks
74 % Say car is needed
66 % Say it's quiet
65 % Say kids play outside
64 % Say it's walkable to restaurants
63 % Say neighbors are friendly
62 % Say there's holiday spirit
57 % Say yards are well-kept
55 % Say streets are well-lit
53 % Say there's wildlife
39 % Say it's walkable to grocery stores
32 % Say they plan to stay for at least 5 years
20 % Say there are community events
Sourced by Trulia users. Learn more about our methodology.
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