NEW PRICE! RARE FIND ON CHERRY AVENUE! Discover a unique opportunity (Duplex 4 BRs & 2 Baths) in the heart of Charlottesville just minutes from UVA's Medical Center, Downtown, and the City's most beloved spots. Above the street with private off-street parking, this classic ranch with Terrace level Apartment and private backyard offers flexibility, income potential, and room to make your mark. The main level features 3 BRs + 1 full Bath, bright living space, fireplace, renovated Kitchen, new LVP flooring and fresh paint. Downstairs, recently renovated 1-BR Apartment with full Bath offers numerous possibilities. Live on one floor and rent (short or long term) the other to generate income OR live on one floor and provide for a family member OR live elsewhere and create a high-demand rental. Host guests, in-laws, or students with privacy and independence. Exceptional opportunity for one who wants value, versatility, and potential for significant upside in prime Charlottesville location. $10,000 credit offered towards Buyer's closing costs! New Heat Pump (2026), fresh Paint (2026), new Roof (2020) and sewer line (1994) + plenty of storage! Priced below Assessment ($522,000). Tenant lives in Terrace level - Shown by Appointment only.