For Sale: 2-4 River Street, Fredericton, NB

About this home

This rental investment has it all: close to amenities, close to major, dependable employers, a family-friendly walkable neighbourhood, positive cash flow w a 7% cap rate, in a trendy upward area, with longer-term tenants and the potential for additional units. This duplex of 2 freehold townhouses in quickly growing Marysville is walking distance to parks, the trail system, workplaces, the pharmacy and other shops, churches, the baseball field and popular meet-up coffee shop The Landing. With a public transit stop right outside the door and the Hwy 8 bypass minutes away, roads take you uptown, downtown or out to the country in 15 mins. Revenue and Expense statement avail. SNB leases and security deposits in place. Tenants pay own heat, hot water and lights. The charm of the property, historic Marysville and views of the Nashwaak River combined with special features like outdoor gardening space, oodles of storage, a covered front porch and enclosed back porch attract long-term tenants who take extra care. The property is currently professionally managed and maintained by Nest PM. With the new City zoning and additional land included on the corner with 2 River, there is the potential for further development. List of improvements available. (id:63626)

Listed by: Alissa Lee, Salesperson, Keller Williams Capital Realty

Home facts and features

Price details

List Price

$494,800

Gross Taxes for 2026

$2,960

Home facts

Bedrooms

Full Bathrooms

Property Type

Multifamily

Lot Size

889 ft²

Depth

Title

Freehold

Exterior Finish

Wood

Heating Type

Baseboard heaters, Forced air, Oil, Electric

Features

Balcony/Deck/Patio, Smoke Detectors

Appliances

Dishwasher, Dryer, Refrigerator, Stove, Washer

Agent details

Primary Agent

Alissa Lee

Primary Broker

Keller Williams Capital Realty

Listing details

Days on REW

3 Days

MLS® Number

NB149830

Source

Canadian Real Estate Association

Is this your listing? Help it to stand out.

Mortgage Calculator

provided by REW Digital Ltd

The displayed rates are provided as guidance only, are not guaranteed, or are to be considered an approval of credit. Approval will be based solely on your personal situation. You are encouraged to speak with a Mortgage Professional for the most accurate information and to determine your eligibility.

Property Insights

Schools nearby

7 Schools are within 3km

Gibson-Neill Memorial Elementary School

n/a
K - 5
In Catchment

École Les Éclaireurs

n/a
K - 8
In Catchment

Leo Hayes High School

n/a
9 - 12
In Catchment

Chief Harold Sappier Memorial Elementary School

n/a
K - 5
In Catchment

Meduxnekeag Consolidated School

n/a
K - 8
In Catchment

Devon Middle School

n/a
6 - 8
In Catchment

Devon Park Christian School

n/a
K - 12
In Catchment

2 & 4 River StreetFredericton, NB, E3A 4L6