1806 Fall Hill Ave
- 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
Property Description
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.
Key Property Information
| Listing Status: | Unavailable |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $900,000 |
| No. of Units: | 5 |
| Year Built: | 1914 |
| Lot Size: | 0.25 Acres |
| Opportunity Zone: | No |
| Price per unit: | $180,000 |
| Property Website | Click Here |
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Josh A
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Bob Tuteur
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