900 FICKLEN RD FREDERICKSBURG VA 22405-2104
Historic 9-Unit Multifamily Estate on 3.56 Acres with Immediate Value-Add Upside
Marketing description
Historic Highland Home presents a rare opportunity to acquire a 9-unit multifamily investment property on approximately 3.56 private acres in Stafford County, just minutes from Fredericksburg. Built in 1880, this distinctive Second Empire Victorian estate combines irreplaceable architectural character with existing rental income and meaningful value-add upside.
The property is configured as nine independent apartment units, offering investors a flexible income-producing asset with multiple paths for repositioning. With its grand façade, mansard roofline, wraparound porch, mature trees, circular drive, and secluded setting, Highland Home stands apart from conventional multifamily inventory and offers a compelling story for tenants, guests, or future adaptive reuse.
Current operations provide in-place income, while the property’s age, scale, and below-average condition create a clear opportunity for renovation, rent growth, and improved efficiency. Investors may continue operating the property as multifamily, or explore alternative concepts such as boutique hospitality, short-term rentals, bed-and-breakfast use, event-oriented lodging, or historic tax credit renovation, subject to buyer due diligence and local approvals.
Offered at $900,000, Highland Home is an exceptional value-add opportunity for investors seeking character, acreage, income, and long-term upside in the growing Fredericksburg / Stafford County market.
Investment highlights
Rare 9-Unit Multifamily Asset
Highland Home offers a unique opportunity to acquire a historic multifamily property configured as nine apartment units, each benefiting from the character and scale of a landmark residential estate.
Historic Second Empire / Victorian Architecture
Built in 1880, the property features distinctive period architecture, including a mansard-style roofline, large windows, original character details, and a prominent wraparound porch that creates strong curb appeal.
Large 3.56-Acre Setting
The property sits on approximately 3.56 acres with mature trees, a private wooded setting, and a circular drive, offering a sense of privacy rarely found in small multifamily assets.
Immediate Value-Add Potential
With below-average condition and existing rental income, Highland Home presents a clear repositioning opportunity through renovation, unit upgrades, operational improvements, and potential lease-up upside.
Multiple Potential Exit Strategies
In addition to continued multifamily use, the property may appeal to investors exploring boutique hospitality, bed-and-breakfast, short-term rental, event-oriented, or historic adaptive reuse concepts, subject to buyer due diligence and local approvals.
Attractive Basis Relative to Stabilized Potential
Offered at $900,000, the property provides investors an opportunity to acquire a large historic asset at a price point that may be attractive relative to its long-term stabilized income and replacement-cost profile.
Strong Fredericksburg / Stafford County Rental Market Exposure
Located in the Fredericksburg area of Stafford County, Highland Home benefits from regional housing demand, commuter access, and continued growth across Northern Virginia and the I-95 corridor.
Listing Contacts
Valuation Calculator
Valuation Metrics
Map
Zoning
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Additional Information
Is there information that looks off?
