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!
The income description goes here to explain
| List Price | $849,900 |
| Property Type | Triplex (3-units) |
| Usable Sqft | 4,723 |
| Number of Stories | 0 stories |
| Parking Spots | 0 spots |
| Year Built | 1949 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 7779631606 |
| MLS # | VAFB2010398 |
| Property ID | 320781796 |
| Lot Sqft | 453 |
| Zoning | R4 |
| Total Units | 2 |
| Days on Market | 43 |
| Original List Price | Unknown |
| Date Updated | June 18, 2026 |
| Date Created | May 28, 2026 |
Amit Lall an agent of . Lic #0225220664
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