Residential Income Property with Historic
For Sale
$900,000
309 PRINCE EDWARD Street, Fredericksburg, VA 22401
Multi-Family, FREDERICKSBURG, VA
Property Size2,550 SF
Lot Size0.25 Acres
Price / SF$352.94
Days on Market364
Property Features for 309 PRINCE EDWARD Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking features
Driveway, Alley
Elementary school district
FREDERICKSBURG CITY PUBLIC SCHOOLS
Middle school district
FREDERICKSBURG CITY PUBLIC SCHOOLS
High school district
FREDERICKSBURG CITY PUBLIC SCHOOLS
Standard status
Active
Size
2,550 SF
Lot size
0.25 Acres
Taxes and HOA fees
Tax Annual Amount
770
Building Details
Year built
1909
Number of units
3
Building materials
Mixed
Architectural style
Colonial
Listing Agency:
Aquia Realty, Inc.
(540) 659-2192
Listed By:
Matthew P Revell · License #0225081451
(703) 909-4544
Added: Aug 25, 2025
Changed: Aug 19
Last Checked: Aug 23 at 2:06PM
MLS# VAFB2008852
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.
This offering includes three adjacent single-family home lots, including two existing homes located within the Fredericksburg Historic District. The sale is for 307, 309, and 311 Prince Edward Street, even though the listing is shown under 309 Prince Edward.
The property also includes a set of proposed plans showing development of three two-car garages with off-street parking, with one 2-car garage associated with each lot. The plans further indicate options for ADUs in each lot upon approval. A variance has been granted by the Board of Zoning Appeals to allow building up to the side lot lines between 307 and 309 and between 309 and 311, to allow an accessory structure on 309 Prince Edward where no principal residence currently exists, and to exceed height limitations by an additional 2 feet.
Plans contemplate honoring all building lines between the applicant’s property and neighboring properties, including side and rear lot lines, as reflected in the variance terms.
The property also includes a set of proposed plans showing development of three two-car garages with off-street parking, with one 2-car garage associated with each lot. The plans further indicate options for ADUs in each lot upon approval. A variance has been granted by the Board of Zoning Appeals to allow building up to the side lot lines between 307 and 309 and between 309 and 311, to allow an accessory structure on 309 Prince Edward where no principal residence currently exists, and to exceed height limitations by an additional 2 feet.
Plans contemplate honoring all building lines between the applicant’s property and neighboring properties, including side and rear lot lines, as reflected in the variance terms.
Key Highlights
- Three adjacent single‑family home lots in Fredericksburg Historic District, including two existing historic homes.
- Development opportunity for all three lots simultaneously to reduce costs.
- Variance granted to build up to the side lot line and exceed height limitations for accessory structure on 309 Prince Edward.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,766
Businesses Nearby
Explore this area
Business Placement
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Single family property - Sale includes three adjacent lots with two existing homes in the Fredericksburg Historic District.
Where is this single family property located?
The property is located at 309 PRINCE EDWARD Street Fredericksburg, VA.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: Three adjacent single‑family home lots in Fredericksburg Historic District, including two existing historic homes.; Development opportunity for all three lots simultaneously to reduce costs.; Variance granted to build up to the side lot line and exceed height limitations for accessory structure on 309 Prince Edward.
