Introducing a one-of-a-kind investment opportunity located in the coveted Ivy, VA. Ivy Cottages, formally known as 'The Sunset Lodge Dining Room and Motel' was founded in the early 1900s. This property features 10 thoughtfully designed 1-bedroom, 1-bath units with fully equipped kitchens. Five of these units are fully renovated, turnkey, and currently renting. Two of the 8 cottages are shells awaiting creative renovation (architectural plans available). The main house, currently under renovation, is centrally located on the property. It includes 1,800+- sqft of versatile space on the main level suitable for events or office use. The upper level features two additional 1 bedroom 1-bath units. Conveniently positioned near Charlottesville, UVA, Crozet, and the Monticello Wine Trail, this offering presents a rare opportunity to acquire 10 income producing units in one of the most sought after areas in Central, VA.
For sale
$3,250,000
3500 Sunset Lodge Ct, Charlottesville, VA 22903
4beds
4baths
5,910sqft
Est.:
MultiFamily
Built in 1938
-- sqft lot
$2,959,500 Zestimate®
$550/sqft
$-- HOA
What's special
Events or office useShells awaiting creative renovationVersatile spaceFully equipped kitchens
- 4 days
- on Zillow |
- 1,006 |
- 65 |
Zillow last checked: 7 hours ago
Listing updated: April 22, 2025 at 07:44am
Listed by:
Maggie Holloway,
CORE REAL ESTATE PARTNERS LLC
Source: CAAR,MLS#: 656728

Travel times
Tour with a buyer’s agent
Tour with a buyer’s agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 4
Heating
- Heat Pump
Cooling
- Central Air
Features
- Unit 1(1 Bed Apt), Unit 2(1 Bed Apt), Unit 3(1 Bed Apt), Unit 4(1 Bed Apt)
Interior area
- Total structure area: 1,706
- Total interior livable area: 5,910 sqft
Property
Lot
- Size: 2.49 Acres
Details
- Parcel number: 5800000000700
- Zoning description: RA Multifamily Zone
Construction
Type & style
- Home type: MultiFamily
Materials
- Foundation: Block, Slab
Condition
- New construction: No
- Year built: 1938
Utilities & green energy
- Sewer: Septic Tank
- Water: Well
- Utilities for property: Cable Available
Community & HOA
Community
- Subdivision: None
HOA
- Has HOA: No
Location
- Region: Charlottesville
Financial & listing details
- Price per square foot: $550/sqft
- Tax assessed value: $1,892,900
- Annual tax amount: $16,165
- Price range: $3.3M - $3.3M
- Date on market: 4/22/2025
- Total actual rent: 0
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