223 Maury St, Lexington, VA 24450

Description

Welcome to 223 Maury Street — a rare chance to acquire an affordable property in one of Lexington’s most desirable and supply-constrained areas. This 2-bedroom, 1-bath home offers 724 square feet of living space on a generous lol

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.