For sale

$559,000

11947 Lee Hwy, Sperryville, VA 22740

4beds

1,260sqft

$3,297/mo

Get pre-qualified

Single Family Residence

Built in 1900

1.37 Acres Lot

$548,100 Zestimate^®

$444/sqft

$-- HOA

What's special

SHOWING BY APPOINTMENT ONLY. DO NOT DISTURB TENANTS. Live in one unit and receive rental income from the rest! A very rare offering in Rappahannock County - 11947 & 11951 Lee Hwy, together for sale as one parcel, present an outstanding opportunity for multi-family rental income. The sale includes two structures containing FOUR grandfathered residential units, ONE commercial unit. Further upside can be realized by finishing unused spaces, bringing current rents to market rate and even rehabbing an old fruit stand on the property. This investment opportunity sits on the highly traveled Rt 211: a major artery seeing 2 million + vehicles per year and opportunistically near the Thornton Gap entrance to Shenandoah National Park. The property is zoned Highway Commercial, allowing for a multitude of by-right uses including short term rentals, retail, food service and hospitality. Property is served by electric, propane, private well, town sewer and high speed is internet. P&L available.

217 days

433

15

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 4
Bathrooms: 3
Full bathrooms: 2
1/2 bathrooms: 1
Main level bathrooms: 3
Main level bedrooms: 4

Basement

Area: 0

Heating

Heat Pump, Central, Electric, Propane

Cooling

Ductless, Window Unit(s), Central Air, Electric

Appliances

Included: Water Heater

Features

Flooring: Concrete, Wood, Hardwood
Has basement: No
Has fireplace: No

Interior area

Total structure area: 1,260
Total interior livable area: 1,260 sqft
Finished area above ground: 1,260
Finished area below ground: 0

Property

Parking

Parking features: Off Street, Parking Lot

Accessibility

Accessibility features: Accessible Doors

Features

Levels: Two
Stories: 2
Pool features: None

Lot

Size: 1.37 Acres
Features: Rural

Details

Additional structures: Above Grade, Below Grade
Parcel number: 38A15
Zoning: HIGHWAY COMMERCIAL
Zoning description: High by right use category including retail, hospitality, short term rental, food service, etc
Special conditions: Standard

Construction

Type & style

Home type: SingleFamily
Property subtype: Single Family Residence

Materials

Vinyl Siding
Foundation: Slab, Stone
Roof: Shingle,Metal

Condition

New construction: No
Year built: 1900

Utilities & green energy

Electric: 200+ Amp Service
Sewer: Public Sewer
Water: Well
Utilities for property: Sewer Available, Propane, Cable Connected

Community & HOA

Community

Subdivision: None Available

HOA

Has HOA: No

Location

Region: Sperryville

Financial & listing details

Price per square foot: $444/sqft
Tax assessed value: $358,100
Annual tax amount: $2,149
Date on market: 1/8/2026
Listing agreement: Exclusive Agency
Listing terms: Cash,Contract,Conventional,1031 Exchange
Ownership: Fee Simple

Estimated market value

$548,100

$521,000 - $576,000

$2,646/mo

Price history

Date	Event	Price
1/8/2026	Listed for sale	$559,000-1.1%$444/sqft
Source: Bright MLS #VARP2002446 Report a problem
9/22/2025	Listing removed	$565,000$448/sqft
Source: Bright MLS #VARP2002162 Report a problem
5/2/2025	Listed for sale	$565,000+13%$448/sqft
Source: Bright MLS #VARP2002052 Report a problem
1/31/2024	Sold	$500,000$397/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$2,256 +3.3%	$358,100
2024	$2,184	$358,100
2023	$2,184 -16.4%	$358,100
2022	$2,614 +68.7%	$358,100 +68.7%
2021	$1,550	$212,300
2020	$1,550	$212,300
2018	--	$212,300
2017	--	--
2016	--	--
2015	--	--
2014	--	$241,100
2012	--	--
2011	--	--
2010	--	--
2009	--	--
2008	--	--
2007	--	--
2006	--	--
2005	--	--
2004	--	--
2003	--	--