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1122 Caroline St
Fredericksburg, VA 22401 Downtown Fredericksburg

$1,475,000 USD

Apartments For Sale • 6,222 SF

Property Details

Property Type Apartments
Total Building Size 6,222 SF
Lot Size 0.24 AC
Building Class C
Year Built 1912
Tenancy Multiple
Zoning CD

50 Transit Score

50 Walk Score

                
                    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

Property Flyers

1122 Caroline Brochure

Financial Summary (Proforma)

Net Operating Income: $91,650 USD (2026)

Total Expenses:

$32,550 USD

Major Tenants

Tenant	SF Occupied	Lease End Date
Metropolitan Regional Info
Smith Insurance
The Insurance Smith Agency LLC

Public Transportation

Commuter Rail	Drive	Walk	Distance
	3 min	12 min	0.6 mi
	11 min	-	4.6 mi
Transit/Subway	Drive	Walk	Distance
Fredericksburg (Fredericksburg Line - Virginia Railway Express)	3 min	12 min	0.6 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	11
Type:	Surface
Included in Rent:	Yes

Heather Hagerman 540-372-7675 Johnson Realty Advisors, Inc.

1122 Caroline St Fredericksburg, VA 22401 Downtown Fredericksburg