223 MAURY ST Lexington, VA 24450
2 Beds
1 Bath
725 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 725 sqft
Price per Sqft $172
Subdivision None Available
MLS Listing ID VALX2000020
Style Other
Bedrooms 2
Full Baths 1
HOA Y/N N
Abv Grd Liv Area 725
Year Built 1947
Annual Tax Amount $1,431
Tax Year 2025
Lot Size 5,227 Sqft
Acres 0.12
Source BRIGHT
Property Description
The property is being sold as-is and will require renovations, making it an excellent candidate for an investor, landlord, or handy owner-occupant looking to create instant equity. Included renovation renderings illustrate one possible vision of the home after updates, helping buyers see the potential this property holds once refreshed.
The lot size provides flexibility for outdoor living, parking, or future improvements, and the location supports multiple exit strategies — long-term rental, short-term housing for university-related demand (subject to local regulations), or a personal residence close to Lexington's core amenities.
This property is well-suited for:
• Buy-and-hold investors seeking strong rental demand
• Renovators looking for a small, manageable project
• Owner-occupants willing to put in work for equity
• Buyers interested in a novation or creative renovation purchase
Surrounded by historic charm, academic institutions, and a walkable downtown, opportunities like this are increasingly difficult to find at this price point in Lexington.
Cash or renovation financing recommended. Conventional, FHA, or VA financing may be challenging due to current condition. Buyers to perform their own due diligence regarding zoning, use, and renovation scope.
Do not miss the chance to secure a property with real upside in one of Virginia's most respected small college towns.
Location
State VA
County Lexington City
Zoning RES
Rooms
Main Level Bedrooms 2
Interior
Hot Water Electric
Heating Baseboard - Electric
Cooling Wall Unit
Heat Source Natural Gas
Exterior
Water Access N
Roof Type Asphalt
Accessibility None
Garage N
Building
Story 1
Foundation Crawl Space
Above Ground Finished SqFt 725
Sewer Public Sewer
Water Public
Architectural Style Other
Level or Stories 1
Additional Building Above Grade
New Construction N
Schools
School District Lexington City Public Schools
Others
Pets Allowed Y
Senior Community No
Tax ID NO TAX RECORD
Ownership Fee Simple
SqFt Source 725
Special Listing Condition Standard
Pets Allowed No Pet Restrictions
