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Fredericksburg, VA Multifamily Home for Sale

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    $750,000

    • Studio
    • 2,550 Sq Ft

    309 Prince Edward St, Fredericksburg, VA 22401

    Rare opportunity in the City of Fredericksburg. Three single family home lots which include two existing homes in Fredericksburg Historic District. The sale of 309 Prince Edward will include both lots and existing homes on 307 Prince Edward and 311 Prince Edward. All 3 lots can be developed at the same time in order to reduce development costs. Three adjacent lots with 2 historic structures in

    Matt Revell Aquia Realty, Inc.

    309 Prince Edward St, Fredericksburg, VA 22401

Why Live in Fredericksburg

Fredericksburg, Virginia, established in 1728, is a city rich in Civil War history and offers convenient commuter access to Interstate 95. Located midway between Washington, D.C., 52 miles to the north, and Richmond, 60 miles to the south, Fredericksburg is a popular choice for those working in either city. The town's historic downtown and the Fredericksburg Battlefield are significant attractions, drawing tourists and history enthusiasts alike. The Rappahannock River, which borders the city to the east, provides numerous recreational opportunities, including floating, fishing, swimming, and kayaking. Parks such as Old Mill Park, Alum Spring Park, and Cossey Botanical Park offer additional outdoor activities, with trails, soccer fields, and botanical gardens. The Virginia Central Railway Trail connects several of these parks, enhancing the city's walkability. Fredericksburg's housing market features a mix of midcentury townhouses and single-family homes, including ramblers, bi-levels, bungalows, colonial styles, and modern Craftsman and Traditional-style homes. The University of Mary Washington, founded in 1908, is a key educational institution in the city, contributing to the local economy and culture. Downtown Fredericksburg, particularly Caroline Street, is known for its locally owned restaurants, providing a variety of dining options. The city's temperate climate includes humid summers and mild winters, with an average annual snowfall of 16 inches. However, its proximity to the Rappahannock River makes it prone to flooding, necessitating flood insurance for many residents.

Home Trends in Fredericksburg, VA

Housing Trends

Median Sale Price
$479,900
Median Single Family Sale Price
$505,000
Median Townhouse Sale Price
$390,000
Median 2 Bedroom Sale Price
$346,500
Median 1 Bedroom Sale Price
$195,000
Average Price Per Sq Ft
$212
Number of Homes for Sale
480
Last 12 months Home Sales
2,400
Months of Supply
2.40
Median List Price
$495,000
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
5%
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