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1122 Caroline St
Fredericksburg, VA 22401
Multifamily Property For Sale
·
6 Units
Investment Highlights
- 4,062 SF building spanning four floors
- Dedicated off-street parking lot (rare for downtown)
- Opportunity to increase rents and add value over time
- 6-unit asset providing diversified income stream
- Prime Historic District location with strong foot traffic
Executive Summary
Johnson Realty Advisors presents this 6-unit investment opportunity located at 1122 Caroline Street in the Historic District of Downtown Fredericksburg, one of the region’s most active and walkable corridors. Surrounded by a strong mix of restaurants, retail, and office users, the property benefits from consistent demand and proximity to the city’s core amenities. The asset offers a diversified income stream with six units in place, while also presenting potential for rental upside and long-term appreciation. With its prime downtown location and strong underlying fundamentals, this property is well-positioned for both stable cash flow and future value growth.
Property Facts Under Contract
| Price Per Unit | $245,833 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.24 AC |
| No. Units | 6 | Building Size | 6,222 SF |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1912 |
| Apartment Style | Low-Rise | Parking Ratio | 1.77/1,000 SF |
| Zoning | CD - Commercial Downtown | ||
| Price Per Unit | $245,833 |
| Sale Type | Investment |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.24 AC |
| Building Size | 6,222 SF |
| No. Stories | 3 |
| Year Built | 1912 |
| Parking Ratio | 1.77/1,000 SF |
| Zoning | CD - Commercial Downtown |
Property Taxes
| Parcel Number | 7789-15-0946 | Improvements Assessment | $421,600 |
| Land Assessment | $318,000 | Total Assessment | $739,600 |
Property Taxes
Parcel Number
7789-15-0946
Land Assessment
$318,000
Improvements Assessment
$421,600
Total Assessment
$739,600
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