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Four-Unit Apartment Building
New
For Sale
$2,500,000

301 HANOVER STREET, Fredericksburg, VA 22401

Residential income property configured with four apartments in a historic building.

Property Size2,600 SF
Price / SF$961.54
Days on Market7

Property Features for 301 HANOVER STREET

General Information

Standard status Active
Size 2,600 SF
Property subtype Unit/Flat/Apartment

Additional Details

Multifamily Units 4

Taxes and HOA fees

Annual Taxes $15,694

Building Details

Building Size 2,600 SF
Year Built 1825
Listing Agency: Coldwell Banker Elite
Listed By: Charlotte F Rouse · License #0225193277
Source: Kerishull
Added: Sep 9 Changed: Sep 12 Last Checked: Sep 14 at 10:34AM

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 Coldwell Banker Elite

Investment Insights

Based on property information with market context.

This quadplex contains four apartments within a 2,600-square-foot residential building constructed in 1825. The property is identified as a residential income asset and offers a compact multifamily configuration for ownership or investment use.

The building is located at 301 Hanover Street in Fredericksburg, Virginia 22401.

Key Highlights

  • Four‑apartment quadplex configuration
  • 2,600 square feet of building area
  • Constructed in 1825

Property Analytics

Current Use

Quadplexes

Suggested Use

Top Pick Storage Facility Electrical Service Food Market (Bike/Boat/Book/etc) Store Locksmith Tanning Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

4
Residential units

Location Intelligence

Trade Area within ½ mile

1,978
Businesses Nearby

Demographics for 22401, VA

27,799
Population
12,270
Households
2.3
Avg Household Size
32
Median Age
47%
College-Educated
93%
High-School Grad
10.4 sq mi
ZIP Area
2,673
Density / Sq Mi
$85,432
Median Household Income
$46,891
Median Earnings
$1,518
Median Rent
$461,600
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Quadplex - Residential income property configured with four apartments in a historic building.
Where is this quadplex located?
The property is located at 301 HANOVER STREET Fredericksburg, VA.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: Four‑apartment quadplex configuration; 2,600 square feet of building area; Constructed in 1825
More about this property
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