Historic Multifamily Investment
900 Ficklen Rd, Fredericksburg, VA 22405
Nine-unit multifamily property in Fredericksburg/Stafford County, Virginia.
Property size:
6,546 SFLot size:
3.40 AcresPrice / SF:
$137/SF- Added:
- Mar 20, 2026
- Days on Market:
- 75
- Last Refresh:
- Jun 1 at 2:50 am
Property Features for 900 Ficklen Rd
General Information
- Standard status
- Active
- Size
- 6,546 SF
- Lot size
- 3.40 Acres
Listing agent John T Simpson III License #0225206939 (540) 809-1962
Listing office Nest Realty Fredericksburg (540) 809-1962
Listing date Mar 20, 2026
Source Exprealty
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 Nest Realty Fredericksburg
HighLights
- Historic 9‑unit multifamily property with private kitchens and bathrooms in each unit, offering immediate cash flow potential.
- Versatile investment opportunity suitable for various uses: rental portfolio, boutique hotel, bed and breakfast, short‑term rental, or event venue.
- Located on 3.4+\/- acres in the fast‑growing Fredericksburg/Stafford County, VA market.
- Features original hardwood floors and period details alongside modernized electrical, plumbing, and HVAC systems.
- Priced below stabilized value, making it an exceptional BRRRR strategy candidate, 1031 exchange acquisition, or historic tax credit renovation project.
- Constructed in 1880 of brick and cypress, sister property to the historic Belmont estate, with potential to qualify for historic designation.
Overview
This historic nine-unit multifamily property, constructed in 1880 and converted into nine fully independent apartments each featuring a private kitchen and bathroom, presents a rare investment opportunity. Known as Highland Home, this property is located in the fast-growing Fredericksburg/Stafford County, VA market. The Second Empire Victorian-style building, made of brick and cypress, is situated on a 3.4+/- acre lot. The property offers value-add potential as a cash-flowing rental portfolio, boutique hotel, bed and breakfast, short-term rental (Airbnb/VRBO), or event venue. The 6,546 square foot building retains original hardwood floors and period details, along with modernized electrical, plumbing, and HVAC systems. The property is a potential candidate for a BRRRR strategy, 1031 exchange acquisition, or historic tax credit renovation project. While not currently designated as historic by the county, it could qualify. The property is intended for use as a multifamily investment property.
Local Financial Insights For Apartment 5plus
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 | $124.9k | $19.08 |
| − Vacancy | −$9.4k | −$1.43 |
| EGI | $115.5k | $17.65 |
| − OpEx | −$52.0k | −$7.94 |
| NOI | $63.5k | $9.71 |
6,546 SF · lease $19.08/SF/yr · vacancy 7.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$907.7K
$794.3K – $1.06M
NOI $63,542 @ 7.0% cap · market cap 7.06%
Second Best
Hotel Hospitality
$599.7K
$524.7K – $699.6K
NOI $41,976 @ 7.0% cap · market cap 4.66%
Theoretical Best
Office A
$2.05M
$1.80M – $2.39M
NOI $143,633 @ 7.0% cap · market cap 15.96%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Bed & breakfasts
Location Insight
- Map
- Local Demand
- City
- Fredericksburg
- County
- Spotsylvania
- State
- Virginia
- Longitude
- -77.4423921
- Latitude
- 38.3303299
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Nine-unit multifamily property in Fredericksburg/Stafford County, Virginia.
Where is this apartment building located?
The property is located at 900 Ficklen Rd 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: Historic 9‑unit multifamily property with private kitchens and bathrooms in each unit, offering immediate cash flow potential.; Versatile investment opportunity suitable for various uses: rental portfolio, boutique hotel, bed and breakfast, short‑term rental, or event venue.; Located on 3.4+\/- acres in the fast‑growing Fredericksburg/Stafford County, VA market.
