Fredericksburg Triplex: Investor
1318 DANDRIDGE Street, Fredericksburg, VA 22401
New
MULTI_FAMILY - FREDERICKSBURG, VA
Property size:
4,723 SFLot size:
0.01 AcresPrice / SF:
$179/SF- Added:
- May 29, 2026
- Days on Market:
- 2
- Last Refresh:
- May 30 at 2:06 am
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
MLS# VAFB2010398
Listing URL
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.
HighLights
- Exceptional income‑producing multifamily property with potential for up to five rental units.
- Prime location: two blocks from the University of Mary Washington and minutes from Mary Washington Hospital, Central Park, and Cowan Boulevard.
- Recent improvements: three new HVAC systems, new water heater, and all‑new luxury vinyl plank flooring.
- Ideal for various investment strategies: student housing, mid‑term rentals for medical professionals, or maximizing cash flow.
- Brick and vinyl siding construction with driveway parking and central air.
- Enjoy the private pool.
Overview
This multifamily property in Fredericksburg, Virginia, is configured as a triplex with the potential for up to five rental units. It is located two blocks from the University of Mary Washington and minutes from Mary Washington Hospital, Central Park shopping, and the Cowan Boulevard retail corridor. Recent improvements include three new HVAC systems, a new water heater, new luxury vinyl plank flooring, and updated drywall. Electrical upgrades have been started, including the installation of a new service panel, but require permits and completion. The property is near dining, shopping, healthcare facilities, and major commuter routes. The lot size is 0.0104 acres, and the property size is 4723 square feet. This property is being sold strictly AS IS. Buyer to perform all due diligence regarding zoning, unit count, permits, and intended use. It offers potential for student housing, mid-term rentals for medical professionals, or maximizing cash flow through multiple income streams.
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 |
4,723 SF · lease $16.20/SF/yr · vacancy 7.12% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$710.6K
$621.8K – $829.1K
NOI $49,745 @ 7.0% cap · market cap 5.85%
Second Best
Apartment 5plus
$654.9K
$573.1K – $764.1K
NOI $45,846 @ 7.0% cap · market cap 5.39%
Theoretical Best
Office A
$1.48M
$1.30M – $1.73M
NOI $103,633 @ 7.0% cap · market cap 12.19%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
Location Insight
- Map
- Local Demand
- City
- Fredericksburg
- County
- Spotsylvania
- State
- Virginia
- Longitude
- -77.47829
- Latitude
- 38.29919
Nearby Similar for Sale
FAQs
What type of property is this?
Triplex - Income-producing triplex near University of Mary Washington.
Where is this triplex located?
The property is located at 1318 DANDRIDGE Street Fredericksburg, VA.
What is the asking price?
The asking price for this property is $849,900.
What are key features of this property?
This property features: Exceptional income‑producing multifamily property with potential for up to five rental units.; Prime location: two blocks from the University of Mary Washington and minutes from Mary Washington Hospital, Central Park, and Cowan Boulevard.; Recent improvements: three new HVAC systems, new water heater, and all‑new luxury vinyl plank flooring.
