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    309 Prince Edward St Fredericksburg, VA 22401

    For Sale
    $750,000

    MULTI_FAMILY - Colonial - FREDERICKSBURG, VA

    Property size:
    2,550 SF
    Lot size:
    0.25 Acres
    Days on Market:
    38
    Last Refresh:
    Dec 10 at 2:06 am

    Property Features for 309 Prince Edward St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Parking features
    Alley, Driveway
    Size
    2,550 SF
    Lot size
    0.25 Acres

    Building Details

    Year built
    1909
    Number of units
    3
    Building materials
    Mixed
    Architectural style
    Colonial

    Aquia Realty, Inc. (540) 659-2192 [email protected]

    Listing agent Matthew P Revell (540) 659-3126 License #0225081451

    Listing date Nov 3, 2025

    MLS# VAFB2008852 Listing URL

    Copyright © 2025 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Fredericksburg Historic District Development Opportunity

    Located in the City of Fredericksburg, this offering presents a rare opportunity within the Historic District. The sale includes three single-family home lots, featuring two existing homes. Specifically, the sale of 309 Prince Edward Street encompasses lots and homes at 307 and 311 Prince Edward Street. The properties, totaling approximately 0.25 acres, are situated less than two blocks from the train station, restaurants, and shops of Old Town Fredericksburg. The properties are being sold together. All three lots can be developed simultaneously to potentially reduce development costs. A variance has been granted by the Board of Zoning Appeals, permitting construction up to the side lot lines between 307 and 309, as well as 309 and 311 Prince Edward, to build an accessory structure on 309 Prince Edward where no principal residence currently exists, and to exceed the height limitations by an additional 2 feet. The applicant is required to adhere to all building lines between the applicant's property and neighboring properties, including side and rear lot lines. The existing structure has approximately 2550 square feet of space. There is potential for three 2-car garages with off-street parking in downtown Fredericksburg.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Realty agency Restaurant Law Firm Dental Office Spa & Massage Hair Salon Nail Salon Building Supply Clothing Store Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Fredericksburg
    County
    Spotsylvania
    State
    Virginia
    Longitude
    -77.45845
    Latitude
    38.29636

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    FAQs

    What type of property is this?
    Residential land & home lot - Three adjacent lots with two historic structures in Fredericksburg.
    Where is this residential land & home lot located?
    The property is located at 309 Prince Edward St Fredericksburg, VA.
    What is the asking price?
    The asking price for this property is $750,000.
    What are key features of this property?
    This property features: - Rare development opportunity: Three adjacent single-family home lots in Fredericksburg Historic District.; - Includes two existing historic homes (307 & 311 Prince Edward) with the sale of 309 Prince Edward.; - Variance granted to build up to the side lot lines and exceed height limitations for an accessory structure on 309 Prince Edward.
    (540) 659-3126
    Request Owner's contact information
    309 Prince Edward St Fredericksburg, VA 22401
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    Fredericksburg, VA 22401
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

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    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    309 Prince Edward St Fredericksburg, VA 22401
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