1318 DANDRIDGE St, Fredericksburg, VA 22401

This multifamily property is currently configured as a triplex. The reported layout and ongoing conversion scope indicate potential to expand to up to five rental units, depending on the buyer’s intended strategy and occupancy plan. Recent capital improvements include three new HVAC systems, a new water heater, all-new luxury vinyl plank flooring throughout, and updated drywall replacing original wood paneling. Electrical upgrades have been started, including installation of a new service panel; however, the work was not completed and will require permits and completion by the new owner. The property is being sold strictly AS IS, and buyers should plan for verification and due diligence related to zoning, unit count, permits, and intended use.

The property is located in the heart of Fredericksburg, described as being two blocks from the University of Mary Washington. It is also positioned minutes from Mary Washington Hospital, Central Park shopping, and the Cowan Boulevard retail corridor, with access to dining, shopping, healthcare facilities, and major commuter routes.

For investors or operators seeking a small residential income asset close to student and medical demand generators, the existing triplex configuration and documented improvements provide a foundation for rental use. The partially completed electrical work and stated potential to increase unit count make this a fit for buyers prepared to manage permitting, finish work, and confirm conversion feasibility through their own due diligence.