About this home
Excellent investment opportunity at 2 & 4 Fletcher Road in Fairfax! This well-maintained, fully occupied six-unit property offers immediate income with additional potential for rental growth. The property features a five-unit apartment building originally constructed in 1880, along with a separate single-family home built in 2023, offering an attractive combination of historic character and modern construction. Currently generating $92,100 in annual gross rental income, with room to increase rents, this property presents an appealing opportunity for investors looking to expand their portfolio. Ample on-site parking provides convenience for residents, while the combination of five apartments and a newer standalone home offers a diversified rental mix. With all six units occupied and income already in place, this is an opportunity to acquire an established income-producing property with potential for increased returns. Whether you're a seasoned investor or looking to grow your real estate holdings, 2 & 4 Fletcher Road deserves a closer look!
Listing last checked: Listing updated:
Listed by Darcy Handy · RE/MAX North Professionals · MLS #5114944
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Details at a glance
Interior4 property facts
- Rooms
- 1
- Heating
- Baseboard, Propane, Oil
- Cooling
- None
- Basement
- Yes · Basement Stairs, Full
Building5 property facts
- Style
- Multi Family
- Year built
- 1880
- Parking
- 2
- Foundation
- Stone
- Roof
- Metal
Land & utilities5 property facts
- Lot size
- 0.25 acres
- Water
- Well, Public
- Sewer
- Public Sewer
- Pool
- Not reported
- Zoning
- Mixed Use
Financial2 property facts
- Annual taxes
- $12,660
- Assessment year
- 2027
Location
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Estimated monthly cost
Explore costs at the $799,000 asking price. Adjust the assumptions to your situation.
Known monthly costs$5,095 / monthAdjust
- Principal & interest
- $4,040
- Property tax
- $1,055
- Insurance
- Not entered
- HOA
- Not entered
Listing annual taxes: $12,660. Initial monthly tax is one twelfth of that amount. HOA amount was not supplied.
Partial estimate: add insurance, monthly HOA to include those costs. Blank amounts are unknown.
The initial 6.5% rate is illustrative, not a current rate or lender quote. Excludes utilities, maintenance, closing costs and mortgage insurance, which may apply with a down payment below 20%. Taxes and insurance can change.
More property insights
Photo-based condition insights
Overall presentation: average
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About 2 Fletcher Road
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Yes. We can discuss condition, comparable sales, offer strategy and the questions worth asking before you decide whether to proceed.
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