Located within walking distance of Fredericksburg's iconic Main Street, 506 N. Lincoln Street offers a unique blend of convenience, charm, and versatility. Currently operating as an active short-term rental and permitted for up to 8 guests, the property presents an excellent opportunity for those seeking an income-producing investment, weekend retreat, or full-time residence in one of Fredericksburg's most desirable locations. The home features approximately 2,132 square feet of living space with 4 bedrooms and 2 bathrooms situated on a spacious 0.22 acre lot. Nestled in a quiet, established neighborhood, the property provides a peaceful setting while remaining within walking distance of Fredericksburg's renowned shopping, restaurants, tasting rooms, and other local attractions. An inviting living room serves as the heart of the home, highlighted by beautiful exposed wooden beams and a fireplace that adds warmth and character. The spacious gathering area is ideal for spending time with family and friends, whether entertaining guests or enjoying a quiet evening at home. The kitchen is well-equipped with a gas cooktop, ample cabinet space, and a functional layout designed for everyday living. Wood flooring throughout all four bedrooms adds both charm and durability. Outdoor living is equally appealing, with a beautifully turfed backyard designed for low-maintenance enjoyment. The private outdoor space is surrounded by large trees, featuring a putting green and fire pit, which creates the perfect setting for entertaining. Additional conveniences include a workshop attached to the garage and a Tesla charging port located in the driveway, providing easy access for electric vehicle owners and guests. With its desirable in-town location, established STR permit for up to 8 guests, and thoughtfully designed indoor and outdoor living spaces, this property is well-suited as a primary residence, weekend getaway, or income-producing investment. The combination of walkability to Main Street, comfortable accommodations, modern conveniences, and a quiet neighborhood setting makes this a tremendous opportunity.