1122 Caroline St - Apartments FOR SALE


Fredericksburg, VA 22401- Downtown Fredericksburg
$1,475,000 USD
540-372-7675
1122 Caroline St, Fredericksburg, VA for Sale
$1,475,000 USD
Apartments - FOR SALE
1/35
null | Request Cap Rate

1122 Caroline St
Fredericksburg, VA 22401
Downtown Fredericksburg


HIGHLIGHTS

  • 4,062 SF building spanning four floors
  • 7-unit asset providing diversified income stream
  • Dedicated o?-street parking lot (rare for downtown)
  • Prime Historic District location with strong foot tra?ic
  • Opportunity to increase rents and add value over time

OVERVIEW

Johnson Realty Advisors presents this 7-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 seven 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.

FOR SALE DETAILS

PRICE

$1,475,000 USD

PRICE/SF

$237 USD /SF

# OF UNITS

6

PRICE/UNIT

$245,833

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1912

PARKING SPACES

11

LAND DETAILS

LAND ACRES

0.24 AC

LAND SF

10,454 SF

ZONING

CD

APN/PARCEL ID

7789-15-0946

ASK ABOUT THIS PROPERTY

Heather HagermanJohnson Realty Advisors, Inc.More Info
540-372-7675

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Heather HagermanJohnson Realty Advisors, Inc.More Info
540-372-7675

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.