1318 DANDRIDGE Street Fredericksburg, VA 22401
MULTI_FAMILY - FREDERICKSBURG, VA
- Added:
- May 29, 2026
- Days on Market:
- 47
- Last Refresh:
- Jul 14 at 12:06 pm
Property Features for 1318 DANDRIDGE Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking features
- Driveway
- Pool private
- 1
- Standard status
- Active
- Size
- 4,723 SF
- Lot size
- 0.01 Acres
Taxes and HOA fees
- Tax Annual Amount
- 4653
Utilities
- Heating system
- Forced Air
- Cooling system
- Central Air
Building Details
- Year built
- 1949
- Number of units
- 2
- Building materials
- Brick, Vinyl Siding
Listing agent Amit Lall License #0225220664 (571) 201-5909
Listing office Berkshire Hathaway HomeServices PenFed Realty 3050 CHAIN BRIDGE Road unit: 105, Alexandria, VA (703) 691-7653
Listing date May 29, 2026
Copyright © 2026 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.
Investment Insights
Based on property information with market context.
The address is 1318 Dandridge Street in Fredericksburg, Virginia. The seller describes the location as near key demand drivers, including the University of Mary Washington (about two blocks away) and Mary Washington Hospital (minutes away), as well as Central Park shopping and the Cowan Boulevard retail corridor.
This setup may appeal to an investor seeking a small multi-family property with multiple bedroom layouts and recent mechanical and interior updates. Prospective buyers should plan to complete due diligence regarding unit count, zoning, permits, and any intended configuration changes prior to closing or renovation, especially given the incomplete electrical work.
Key Highlights
- Triplex in Fredericksburg configured as a main house plus upstairs, basement, and rear building rental spaces
- Up to five rental units possible depending on investment strategy and occupancy plan (current triplex configuration)
- Recent improvements: three new HVAC systems, new water heater, all‑new luxury vinyl plank flooring, and updated drywall
Local Financial Insights For Multifamily LT 5
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 | $76.5k | $16.20 |
| − Vacancy | −$5.4k | −$1.15 |
| EGI | $71.1k | $15.05 |
| − OpEx | −$21.3k | −$4.51 |
| NOI | $49.7k | $10.53 |
