Historic 9-Unit Apartment
New
For Sale
$750,000
900 Ficklen Rd, Fredericksburg, VA 22405
Nine independent apartments provide private kitchens and bathrooms within a brick and cypress Victorian residence.
Property Size8,748 SF
Lot Size3.40 Acres
Price / SF$85.73
Days on Market3
Property Features for 900 Ficklen Rd
General Information
Standard status
Active
Size
8,748 SF
Lot size
3.40 Acres
Additional Details
Multifamily Units
9
Building Details
Year Built
1880
Construction
Second Empire Victorian
Listing Agency:
Nest Realty Fredericksburg
(540) 809-1962
Listed By:
John T Simpson III · License #0225206939
Source:
Kandorre
Added: Aug 3
Changed: Aug 4
Last Checked: Aug 4 at 3:08AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Nest Realty Fredericksburg
Investment Insights
Based on property information with market context.
Built in 1880, Highland Home is a brick-and-cypress Second Empire Victorian containing 9 fully independent apartments. Each apartment includes a private kitchen and bathroom, while original hardwood floors and period architectural details remain in place. The property also has modernized electrical, plumbing, and HVAC systems.
The building occupies approximately 3.4+/- acres at 900 Ficklen Rd in Fredericksburg, Virginia, within the Stafford County area. Its existing apartment configuration supports multifamily use, and the property information also identifies potential applications including a boutique hotel, bed and breakfast, short-term rental operation, or event venue. The 8,748-square-foot building combines historic character with established residential infrastructure.
The building occupies approximately 3.4+/- acres at 900 Ficklen Rd in Fredericksburg, Virginia, within the Stafford County area. Its existing apartment configuration supports multifamily use, and the property information also identifies potential applications including a boutique hotel, bed and breakfast, short-term rental operation, or event venue. The 8,748-square-foot building combines historic character with established residential infrastructure.
Key Highlights
- 9 fully independent apartments, each with a private kitchen and bathroom
- 8,748‑square‑foot building constructed in 1880
- Approximately 3.4+/- acres at 900 Ficklen Rd, Fredericksburg, VA 22405
Financial Insights For Hotel Hospitality
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $131.2k | $15.00 |
| − Vacancy | −$13.1k | −$1.50 |
| EGI | $118.1k | $13.50 |
| − OpEx | −$62.0k | −$7.09 |
| NOI | $56.1k | $6.41 |
8,748 SF · lease $15.00/SF/yr · vacancy 10.00% · expense 52.50%
Alternative Uses
Best Use
Apartment 5plus
$1.21M
$1.06M – $1.42M
NOI $84,916 @ 7.0% cap · market cap 11.32%
Second Best
Hotel Hospitality
$801.4K
$701.2K – $935.0K
NOI $56,097 @ 7.0% cap · market cap 7.48%
Theoretical Best
Office A
$2.74M
$2.40M – $3.20M
NOI $191,950 @ 7.0% cap · market cap 25.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
9
Residential units
Location Intelligence
Trade Area within ½ mile
109
Businesses Nearby
Explore this area
Business Placement
Demographics for 22405, VA
34,430
Population
13,058
Households
2.6
Avg Household Size
38
Median Age
44%
College-Educated
95%
High-School Grad
53.3 sq mi
ZIP Area
646
Density / Sq Mi
$128,315
Median Household Income
$62,794
Median Earnings
$1,931
Median Rent
$413,100
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Nine independent apartments provide private kitchens and bathrooms within a brick and cypress Victorian residence.
Where is this apartment building located?
The property is located at 900 Ficklen Rd 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: 9 fully independent apartments, each with a private kitchen and bathroom; 8,748‑square‑foot building constructed in 1880; Approximately 3.4+/- acres at 900 Ficklen Rd, Fredericksburg, VA 22405
