1318 DANDRIDGE ST, Fredericksburg, VA 22401
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1318 DANDRIDGE ST, Fredericksburg, VA 22401
1318 DANDRIDGE ST, Fredericksburg, VA 22401
1318 DANDRIDGE ST, Fredericksburg, VA 22401
1318 DANDRIDGE ST, Fredericksburg, VA 22401
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Listed by AJ Lall • Berkshire Hathaway HomeServices PenFed Realty
$ 800,000
Est. payment /mo
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Price Dropped by $49K

1318 DANDRIDGE ST Fredericksburg, VA 22401

4,723 SqFt


UPDATED:

Key Details

Property Type Multi-Family

Sub Type Detached

Listing Status Active

Purchase Type For Sale

Square Footage 4,723 sqft

Price per Sqft $169

Subdivision College Heights

MLS Listing ID VAFB2010398

Style Other

Abv Grd Liv Area 3,073

Year Built 1949

Annual Tax Amount $4,653

Tax Year 2025

Lot Size 453 Sqft

Acres 0.01

Property Sub-Type Detached

Source BRIGHT

Property Description

INVESTOR SPECIAL in the heart of Fredericksburg! Exceptional income-producing opportunity just two blocks from the University of Mary Washington and minutes from Mary Washington Hospital, Central Park shopping, and the Cowan Boulevard retail corridor.

This unique multifamily property is currently configured as a triplex with the potential for up to five rental units depending on your investment strategy and occupancy plan. Whether you're looking to expand your rental portfolio, create student housing, pursue mid-term rentals for medical professionals, or maximize cash flow through multiple income streams, this property offers tremendous upside.

Main House: 2 Bed 1 Bath
Upstairs: 1 Bed 1 Bath
Basement: (2) 1 Bed 1 Bath
Rear Building: 2 Bed 1 Bath

Recent improvements include three new HVAC systems, a new water heater, all-new luxury vinyl plank flooring throughout, and updated drywall replacing the original wood paneling. Electrical upgrades have been started, including installation of a new service panel; however, work was not completed and will require permits and completion by the new owner.

Conveniently located near dining, shopping, healthcare facilities, and major commuter routes, this property is ideally positioned to attract tenants year-round.

Property is being sold strictly AS IS. Buyer to perform all due diligence regarding zoning, unit count, permits, and intended use.

Don't miss this rare value-add multifamily opportunity in one of Fredericksburg's most desirable rental markets!

Location

State VA

County Fredericksburg City

Zoning R4

Interior

Hot Water Natural Gas

Cooling Central A/C

Fireplace N

Heat Source Electric

Exterior

Water Access N

Accessibility None

Garage N

Private Pool Yes

Building

Foundation Permanent

Above Ground Finished SqFt 3073

Sewer Public Sewer

Water Public

Architectural Style Other

Additional Building Above Grade, Below Grade

New Construction N

Schools

School District Fredericksburg City Public Schools

Others

Tax ID 7779-63-1606

Ownership Fee Simple

SqFt Source 4723

Acceptable Financing Cash, Conventional, Other

Listing Terms Cash, Conventional, Other

Financing Cash,Conventional,Other

Special Listing Condition Standard


Bright MLS (BMLS)
Remington Ray

Remington Ray

Agent | License ID: 0225270110

+1(410) 977-8430

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1318 DANDRIDGE ST