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    1806 18 Fredericksburg, VA 22401

    Sponsored
    For Sale
    $1,200,000

    Prime Location, High Occupancy, Strong ROI

    Property size:
    6,082 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    337
    This exceptional mixed-use property in vibrant downtown Fredericksburg, VA, presents a compelling investment opportunity. Located at 1806 Fall Hill Avenue, this 6,082 square foot building sits on a 0.12-acre lot and offers a blend of residential and commercial space. The complex comprises four residential apartments and a sizable retail space (approximately 1500 square feet). The residential units consist of two 2-bedroom, 1-bathroom apartments (one at 1802 Fall Hill Ave and one at 1804 Fall Hill Ave), and two units within 1806 Fall Hill Ave: a 2-bedroom, 1-bathroom apartment and a 3-bedroom, 1-bathroom apartment. All apartments except for the unit at 1802 Fall Hill Ave have undergone significant renovations within the last three years, resulting in modern and attractive living spaces for tenants. The property boasts a 100% occupancy rate, providing immediate and consistent cash flow. Its strategic location offers unparalleled convenience, being just minutes away from the Fredericksburg Train Station, FRED Regional Transit Bus Station, Mary Washington Hospital, the University of Mary Washington, and the Fredericksburg Central Parke Shopping Area. This turnkey investment is ideal for those seeking a stable, high-return property in a thriving urban setting. The asking price is $1,200,000.

    Property Features for 1806 18

    General Information

    Property type
    Mixed-use properties
    Square Feet
    6,082 SF
    Lot Size
    5,227 SF

    Building Details

    Year Built
    1914
    Property Profile Location Intelligence

    Current Use by Public Records

    Mixed-use properties

    Map

    City
    Fredericksburg
    County
    Fredericksburg City
    State
    Virginia
    Longitude
    -77.46861
    Latitude
    38.30978

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    FAQs

    What type of property is this?
    Mixed-use property - Prime Location, High Occupancy, Strong ROI
    Where is this mixed-use property located?
    The property is located at 1806 18 Fredericksburg, VA.
    What is the asking price?
    The asking price for this property is $1,200,000.
    (540) 374-1111
    Request Owner's contact information
    1806 18 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

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    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
    1806 18 Fredericksburg, VA 22401
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