511 Spottswood Street, Fredericksburg, VA 22401 - Photo 1

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$795,000

For Sale
Active
Multi-Family

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Property Description

Remarkable Investment opportunity right in Downtown Fredericksburg. Immediate income producing property containing 4 apartment units in main house, with an additional 5th apartment above the detached garage building behind. All currently occupied. Each apartment contains a full kitchen and bath. Property sits on a large corner lot that is a 0.4 mile walk to the VRE station and equal or less distance to shops/restaurants. Additional detached garage shop zoned commercial.

Full Property Details

Full Property Details for 511 Spottswood St

General

Price: $795,000
Taxes: $4,245 (2022)
Status: Active
Type: Multi-Family
Source: BrightMLSMidAtlantic
MLS ID: VAFB2007100
Updated: 12/26/2024
Added to Site: 92 day(s) ago

Interior

Flooring: Hardwood, Carpet, Vinyl

Parking

Parking Type: On Street, Driveway

Location

County: Fredericksburg City
Development Name: City Of Fredericksburg
Subdivision: City Of Fredericksburg
Driving Directions: *Use GPS for tailored directions
City Limits: Yes

School Information

School District: Fredericksburg City Public Schools

Heating & Cooling

Cooling Type: Ceiling Fan(s), Window Unit(s)
Cooling Fuel: Electric
Heating Type: Baseboard - Electric, Wall Unit, Space Heater
Heating Fuel: Natural Gas, Electric
Water Heater: Natural Gas, Electric

Utilities

Sewer: Public Sewer
Water: Public

Structural Information

Architectural Info: Colonial
Architectural Style: Colonial
Structure Type: Detached
Construction: Wood Siding
Basement: Yes
Basement Desc.: Partial
Foundation: Other
Roof: Shingle
Stories/Levels: 0
Sq. Ft. Source: Assessor
Year Built: 1880
Year Built Source: Estimated
Property Condition: Good

Unit Information

1 Bedroom Units: 4

Lot Features

Lot Size (Acres): 0.18
Lot Size (Sq. Ft.): 7,840
Lot Size Source: Estimated
Zoning: CH

Financial Considerations

Assessment Year: 2022
City/TownTax: $4,245
City/TownTax Freq: Annually
County Tax Freq: Annually
Tax w/Assessment: $511,400
Tax Amount: $4,245
Tax Year: 2022

Disclosures and Reports

Ownership: Fee Simple
Lot Number: 16

Listed by Reform Realty, Kimberly Jewell

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Listing agent

— 511 Spottswood St —

Kimberly Jewell

Reform Realty

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Schools

Schools serving 511 Spottswood St

School District:Fredericksburg City Public Schools

Name	Grades	Distance
Original Walker-Grant School 200 Gunnery Rd, Fredericksburg, VA 22401	PK-PK	0.3 mi
Hugh Mercer Elementary School 2100 Cowan Blvd, Fredericksbrg, VA 22401	K-2	1.4 mi
Lafayette Upper Elementary School 3 Learning Ln, Fredericksbrg, VA 22401	3-5	2 mi
Walker-Grant Middle School 1 Learning Ln, Fredericksbrg, VA 22401	6-8	1.9 mi
James Monroe High School, Fredericksbrg, VA 2300 Washington Ave, Fredericksbrg, VA 22401	9-12	1.2 mi

Disclaimer: School ratings provided by GreatSchools. Ratings are on a scale of 1-10. Learn more about GreatSchools ratings. School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 511 Spottswood St Get Price Alerts and Save Property

Date

Details

Price

Change

Source

12/26/2024

Price Reduced

$795,000

-4.1%

MLS

12/10/2024

Price Reduced

$829,000

-3.6%

MLS

11/25/2024

Price Reduced

$860,000

-4.34%

MLS

10/25/2024

Listed

$899,000

73.72%

MLS

2/21/2020

Sold

$517,500

—

Public Record

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Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History

Tax History for 511 Spottswood St

Year

Property Taxes

Change

Tax Assessment

Change

2025

$4,122

-9%

$535,300

2024

$4,551

$511,400

—

2023

$4,398

$511,400

—

2022

$4,245

13%

$511,400

—

2020

$3,770

16%

$511,400

26%

2019

$3,246

-6%

$405,800

—

2019

$3,449

$405,800

—

2018

$3,246

—

$405,800

—

2017

$3,246

$405,800

—

2016

$3,125

$405,800

2015

$2,962

$374,900

—

2014

$2,774

100%

$374,900

—

2013

$1,387

—

$374,900

—

View All

Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost

Estimate the Cost for 511 Spottswood St

511 Spottswood Street, Fredericksburg, VA 22401 (MLS# VAFB2007100) is a Multi-Family property with 4 units containing 0 bedrooms and 0 full bathrooms. 511 Spottswood Street is currently listed for $795,000 and was received on October 25, 2024. Want to learn more about 511 Spottswood Street? Do you have questions about finding other Multi-Family real estate for sale in Fredericksburg? You can browse all Fredericksburg real estate or contact a Coldwell Banker agent to request more information.

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511 Spottswood St Fredericksburg, VA 22401