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$559,000

  • For Sale
  • Active
  • Single Family
  • 1,260 Sq. Ft.
  • Updated 9 days ago

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SHOWING BY APPOINTMENT ONLY. DO NOT DISTURB TENANTS. A very rare multi-family income generating offering in Rappahannock County - 11947 & 11951 Lee Hwy, together for sale on one parcel, present an outstanding opportunity for multi-family rental income. The sale includes two structures containing FOUR grandfathered residential units, ONE commercial unit. Further upside can be realized by finishing to lease unused spaces, bringing rents to market rate and even rehabbing an old fruit stand on the property. This investment opportunity sits on the highly traveled Rt 211: a major artery seeing 2 million + vehicles per year and opportunistically near the Thornton Gap entrance to Shenandoah National Park. The property is zoned Highway Commercial, allowing for a multitude of by-right uses including short term rentals, retail, food service and hospitality. Property is served by electric, propane, private well, town sewer and high speed is internet. P&L available.

Full Property Details for 11947 Lee Hwy

General

  • Price: $559,000
  • Taxes: $2,149 (2022)
  • Status: Active
  • Type: Single Family
  • Source: BrightMLSMidAtlantic
  • MLS ID: VARP2002446
  • Updated: 1/8/2026
  • Added to Site: 10 day(s) ago

Rental Information

  • Lease Info: Month to Month

Parking

  • Parking Features: Gravel Driveway, Concrete Driveway
  • Parking Type: Off Street

Location

  • County: RAPPAHANNOCK
  • Driving Directions: Rte 211 South (Lee Hwy) towards Shenandoah National Park. Property is on the right in the village.

School Information

  • School District: Rappahannock County Public Schools

Heating & Cooling

  • Cooling Type: Ductless/Mini-Split
  • Cooling Fuel: Electric
  • Heating Type: Heat Pump(s)
  • Heating Fuel: Electric
  • Water Heater: 60+ Gallon Tank

Utilities

  • Sewer: Public Sewer
  • Water: Well
  • Utility Description: Propane, Electric Available, Sewer Available, Water Available

Structural Information

  • Architectural Style: Cottage
  • Structure Type: Detached
  • Construction: Vinyl Siding
  • Foundation: Stone
  • Roof: Metal, Shingle, Asphalt
  • Walls/Ceilings: Dry Wall
  • Square Feet: 1,260
  • Sq. Ft. Source: Estimated
  • Living Area: 1,260 Sq. Ft.
  • Finished Above Grnd: 1,260 Sq. Ft.
  • Year Built: 1900
  • Year Built Source: Estimated

Lot Features

  • Lot Size (Acres): 1.37
  • Lot Size (Sq. Ft.): 59,677
  • Lot Size Source: Estimated
  • Zoning: HIGHWAY COMMERCIAL

Financial Considerations

  • Price Per Sq. Ft.: $443.65
  • Assessment Year: 2022
  • City/TownTax Freq: Annually
  • County Tax: $1,970
  • County Tax Freq: Annually
  • Tax w/Assessment: $358,100
  • Tax Amount: $2,149
  • Tax Year: 2022

Disclosures and Reports

  • Ownership: Fee Simple
  • Lot Number: 5

Listed by Cheri Woodard Realty, Robert Glenn Chapman IV

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Listing agent

— 11947 Lee Hwy —

  • Robert Glenn Chapman IV

    Cheri Woodard Realty

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 11947 Lee Hwy

School District:Rappahannock County Public Schools
NameGradesDistance
Rappahannock County Elementary School
34 School House Road, Washington, VA 22747
PK-73.6 mi
Rappahannock Co. High School
12576 Lee Highway, Washington, VA 22747
8-123 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 11947 Lee Hwy Get Price Alerts and Save Property

Date
Details
Price
Change
Source
1/08/2026
Listed
$559,000
11.8%
MLS
1/31/2024
Sold
$500,000
—
Public Record
Get Price Alerts and Save Property
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 for 11947 Lee Hwy

Year
Property Taxes
Change
Tax Assessment
Change
2025
$2,256
3%
$358,100
—
2024
$2,184
—
$358,100
—
2023
$2,184
2%
$358,100
—
2022
$2,149
39%
$358,100
69%
2021
$1,550
—
$212,300
—
2019
$1,550
—
$212,300
—
2018
$1,550
4%
$212,300
—
2017
$1,486
—
$212,300
—
2016
$1,486
-12%
$212,300
-12%
2015
$1,688
1%
$241,100
—
2014
$1,664
6%
$241,100
—
2013
$1,567
—
$241,100
—
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 for 11947 Lee Hwy

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*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Listed by Cheri Woodard Realty, Robert Glenn Chapman IV

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11947 Lee Highway, Sperryville, VA 22740 (MLS# VARP2002446) is a Single Family property with 0 bedrooms and 0 full bathrooms. 11947 Lee Highway is currently listed for $559,000 and was received on January 08, 2026. Want to learn more about 11947 Lee Highway? Do you have questions about finding other Single Family real estate for sale in Sperryville? You can browse all Sperryville real estate or contact a Coldwell Banker agent to request more information.

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