1318 DANDRIDGE STREET, FREDERICKSBURG, VA 22401
COLLEGE HEIGHTS · FREDERICKSBURG CITY County
Key Facts
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!
Property Information
Property Type
Residential Income
Sub-Type
Triplex
Structure Type
House
Year Built
1949
Living Area
4,723 sq ft
Lot Size
0.01 acres
Zoning
R4
Days on Market
21
MLS® Listing#
VAFB2010398
Property Features
Appliances
Cooling
Heating
Pool
Parking
Construction
Foundation
Sewer
Water Source
Schools
- District:
- FREDERICKSBURG CITY PUBLIC SCHOOLS
Financial Details
Annual Taxes
$4,653
Tax year 2025
Assessed Value
$574,500
Parcel Number
7779-63-1606
Directions
Google Maps
Affordability Calculator
$169,980
Estimated monthly payment
$4,524/mo
Principal $679,920 · Est. interest $948,549 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in FREDERICKSBURG, VA
- $565,625
- Median Listing Price
- 42
- Median Days on Market
- 2,551
- Median Sq Ft
- $221
- Median Price / Sq Ft
- 509
- Active Listings
- This home’s price is 50% above the area median.
- Its price per sq ft is 19% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in FREDERICKSBURG, VA.
Location
Points of Interest in FREDERICKSBURG, VA
Showing the FREDERICKSBURG area map.
Nearby Schools
Saint Mary Preschool
School · 0.2 mi away
Hugh Mercer Elementary School
Elementary · 0.5 mi away
James Monroe High School
Secondary · 0.8 mi away
Lafayette Upper Elementary School
Elementary · 1.8 mi away
Minnieland
School · 1.9 mi away
South Stafford Christian School
Elementary · 2.0 mi away
Turning Point Alternative High School
Secondary · 2.3 mi away
Ferry Farm Baptist Church
School · 2.4 mi away
Kids Station II Powered by Kindercare
School · 2.4 mi away
Ferry Farm Elementary School
Elementary · 2.5 mi away
Fredericksburg Children's Academy
School · 2.5 mi away
The Marshall School
School · 2.8 mi away
Faith Baptist School
School · 2.9 mi away
Wilderness Elementary School
Elementary · 3.0 mi away
Spotswood Elementary School
Elementary · 3.1 mi away
Falmouth Elementary School
Elementary · 3.1 mi away
Elite Academy
School · 3.3 mi away
Edward E. Drew, Junior Middle School
Elementary · 3.4 mi away
Marshall School
School · 3.4 mi away
The Little Academy
School · 3.4 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 3 CROSS CUT LANE, FREDERICKSBURG, VA | $599,000 | 5 | 4 | 3,191 |
| 50 HAMSTEAD ROAD, FREDERICKSBURG, VA | $599,900 | 5 | 4 | 3,879 |
| 32 VIRGINIA AVENUE, FREDERICKSBURG, VA | $599,900 | 4 | 4 | 3,368 |
| 10413 SPOTSWOOD DRIVE, FREDERICKSBURG, VA | $599,900 | 4 | 4 | 4,330 |
| 5812 SPRUCE VALLEY DRIVE, FREDERICKSBURG, VA | $599,990 | 4 | 5 | 4,221 |
| 4811 HARVEST GLEN COURT, FREDERICKSBURG, VA | $600,000 | 5 | 4 | 4,036 |
Moving Cost Estimate
EXIT Agents in FREDERICKSBURG
Listing Courtesy: Berkshire Hathaway HomeServices PenFed Realty - 7036917653