Prime investor opportunity in Downtown Fredericksburg! Located in Downtown Fredericksburg, this 4-bedroom, 2-bath home offers 2,671 square feet of finished living space on a 0.31-acre lot, featuring off-street parking, and is zoned CD (CommercialDowntown). Step inside from the covered front porch into a welcoming foyer with hardwood floors and a staircase leading to the second level. To the left, the formal living room offers plantation shutters, chair railing, and crown molding. To the right, the formal dining room features plantation shutters, built-in shelving, and a decorative mantle. A secondary room off the dining area provides versatile useperfect as an additional dining room, sitting room, or officeand includes a chandelier and access to the bright sunroom. The sunroom features tile flooring, built-in seating at the bay window, a ceiling fan, oversized windows with stained-glass accents, and a full bathroom with a pedestal sink and three-quarter shower. The kitchen offers tile flooring, white wooden cabinetry, white appliances, and access to the backyard. A full laundry room with washer, dryer, freezer, and storage closet sits just off the kitchen. A hallway door leads to the partial, unfinished basement. A main-level bedroom with closet and built-in shelving completes the first floor. Upstairs are three additional bedrooms, all with hardwood floors and closets, along with a shared hall bath featuring a tub/shower with glass door, tile flooring, tile shower walls, an oversized vanity with extra storage, and a linen closet. Outside, the property provides a covered rear porch, storage shed, and a spacious fenced yard with mature trees and shrubs. Off-street parking is accessible via the rear alley, which backs directly to Maury Stadium. Just walking distance to the VRE, this is an ideal commuter location with easy access to I-95, major routes, shopping, dining, parks, and local restaurantsall steps from your front door. With flexible zoning, generous lot size, and a prime walkable location, this property presents a great investment opportunity for residential, commercial, or mixed-use possibilities.