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703 PRINCE EDWARD STREET, Fredericksburg, VA 22401
$625,000 Asking Price
$---/mo Est. Payment Get Prequalified »
5
beds
2
baths
2,400
sqft
Built in
1889
Welcome to 703 Prince Edward Street, a charming duplex located in the heart of historic downtown Fredericksburg, offering both investment potential and residential appeal. Zoned CD (Commercial Downtown), this property is currently configured as two units: a 2-bedroom on the main level and a 3-bedroom on the upper floors, generating $2,800 in monthly rental income from long-term tenants, with leases and deposits to be assigned to the purchaser at settlement. Buyers can explore various options, from continuing its use as an investment property to converting it back into a single-family home or even living in one unit while renting out the other. The property holds great potential for value-add improvements, making it a versatile opportunity for investors or homeowners. Located in a vibrant, community-centered town, residents enjoy easy access to restaurants, boutique shopping, craft and farmers markets, and year-round cultural events. Commuters benefit from proximity to the VRE, Amtrak, and I-95, offering convenient access to Washington D.C., Northern Virginia, and Richmond. Embrace the benefits of living in a historic town with a rich sense of community, while also tapping into Fredericksburg’s strong rental market. This is an exceptional chance to own a piece of history and make it your own. Don’t miss out on this opportunity—schedule your showing today!
Features & Amenities
Interior
- General:
- Kitchen - Table Space
- A/C:
- Window Unit(s)
- Heating:
- Y, Hot Water, Other
- Disability Feature:
- None
Exterior
- General:
- Above Grade,Below Grade
- Style:
- Craftsman
Construction
- General:
- Composition, 2, Brick/Mortar
Location
- Originating MLS:
- BRIGHT_MAIN
- School District:
- FREDERICKSBURG CITY PUBLIC SCHOOLS
- County:
- FREDERICKSBURG CITY
Lot
- Zoning:
- CD, 7789-13-1937
Utilities
- Water:
- Public
- Sewer:
- Public Sewer
Financial
- Source:
- BRIGHT_MAIN
- Exclusions:
- Tenant's Personal Property will include Ring Doorbell and Tenant's plants/personal items in the yard.
This listing courtesy of:
Coldwell Banker Elite, Allison S Graves
Monthly Payment
Disabled 10% or more?
Used a VA Loan before?
Eligible for BAH?
Do you have dependents?
Your BAH amount is for the military housing area.
Loan term (number of years)
Property taxes are generally around 1.2% of the home’s value, but may vary based on location.
Annual homeowners insurance is typically 0.35% of the home’s value but can vary based on insurer.
$---
Est. Payment *
- Principal & Interest $--
- Taxes $--
- Insurance $--
- VA Funding Fee $--
$--- Est. Payment - $--- BAH = $--- Remaining
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About Fredericksburg, VA
Housing
- Number of Units
- 72,400
- Median Home Value
- $327,078
- Median Rent
- $1,221
30.93% of housing units are renter occupied.
4.42% are vacant.
Commute
- Car
-
67.92%
- Public Transportation
-
3.25%
- Walk to Work
-
1.16%
- Work from Home
-
26.86%
- Other
-
0.56%
The median travel time to work is 27 minutes.
People
- Population
- 193,177
- Median Age
- 37.40
- Median Household Size
- 2.89
Education
- High School
-
25.68%
- Associate’s Degree
-
8.36%
- Bachelor’s Degree
-
22.62%
- Graduate Degree
-
14.74%
Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.
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