Rarely does an opportunity like this come to market. This substantial home offers 2,500 sq ft of above-grade living space plus a full basement ? all on a generous 0.42-acre lot in one of Charlottesville's most established neighborhoods, just off Locust Ave with quick access to the 250 Bypass and minutes from Downtown. The property offers exceptional flexibility: a self-contained 2-bedroom accessory apartment serves as a guest cottage or income-generating rental, while the basement presents a compelling opportunity to create a third apartment unit. A large garage, beautiful covered porch, and rare city lot round out an impressive package. Having served as a rental for years, the home is ready for a new owner with vision ? whether an investor seeking to maximize returns or a buyer eager to restore a character-rich property with serious upside. Offered as-is and priced $170,000 below city assessment.