1806 Fall Hill Ave

Description:

Discover the charm of Fredericksburg, VA, where historic significance meets modern convenience. Located near the vibrant downtown area, the property offers easy access to a variety of dining, shopping, and entertainment options. Take a stroll through the historic district, visit the Fredericksburg Area Museum, or explore the picturesque Rappahannock River. Sports enthusiasts will appreciate the proximity to the Fredericksburg Baseball Stadium, home to exciting games and community events. With its close proximity to Mary Washington University and the VRE train station, the area attracts a diverse community of residents. Investors in multifamily/low-rise/garden properties will appreciate the area's appeal to renters seeking a blend of historical charm and contemporary amenities.
Unlock a rare opportunity to own a fully leased, income-producing mixed-use asset in the heart of Fredericksburg’s growth corridor. Spanning over 5,300 SF across two lots, this well-maintained property includes four stabilized residential units and a long-standing retail storefront, generating over $84,000 in annual net income with recent renovations and full occupancy. Located just blocks from the University of Mary Washington, downtown Fredericksburg, the VRE station, and the FredNats minor league stadium, it benefits from steady demand and walkable amenities. With the potential to convert the 1,400 SF retail space into one or two 2-bedroom apartments-this offering presents the ideal mix of strong cash flow, value-add upside, and long-term investment appeal in one of Virginia’s most dynamic small-city markets.

Convenience Store and additional lot also for sale ask listing agent for details.
Two lots 7,874 sf
Two Buildings 5,309 sf
Built in 1914
Zoned R4
Building 1 - 1802/1804 Fall Hill Avenue (Apartment 1, 2)
Building 2 - 1806 Fall Hill Avenue (Apartment 3, 4, and the retail store)
Apartment mix Three 2 bedroom, one 3 bedroom
Fully leased mixed-use property: 4 apartments + 1,400 SF retail
$84,000 in annual net income
Renovated units, newer roofs, and long-term tenants
Blocks from UMW, Downtown Fredericksburg, VRE and Close to FredNats Baseball Stadium
Retail space can convert to 1 or 2 apartments to boost income

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Listing ID: 083a8a35-cd32-44ca-8013-5bce1a8d4483

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