221 Royal St SE & 219 1/2 South St - Two Homes, One Historic Lot

221 Royal Street SE sits at the quiet dead end of Royal Street in Leesburg's Old & Historic District, with the rear of the lot reaching toward South Street SE. King Street's shops, restaurants and the Loudoun County Courthouse are a five-minute walk, and the Tollhouse Center retail strip abuts the block to the east. Route 7, Route 15 and the Dulles Greenway are minutes away, putting Dulles Airport and the Northern Virginia employment centers within easy reach while the property itself enjoys a walkable, small-town historic setting.Two detached dwellings on a single 0.17-acre R-HD lot at the quiet dead end of Royal Street SE in Leesburg's Old & Historic District, offered as-is for $774,900. The main house is a 1917 two-story colonial of 1,496 SF with a covered front porch and a 700 SF unfinished basement; the second dwelling, carried by Loudoun County as 219 1/2 South Street, is a 1949 one-story rambler of 980 SF. Both homes are leased: the main house at $1,300 per month and the second dwelling at $950 per month, $2,250 per month ($27,000 per year) combined, so a buyer steps into income from day one. Lease terms available upon request. Current rents sit well below market for the historic core, leaving room to grow income as leases roll. Ideal for an investor buying two rentals on one deed, a future owner-occupant who wants a house with an income cottage, or a renovator adding value to solid historic housing stock. Public water and sewer, central heat in both homes, stone and concrete foundations, cement-fiber siding under asphalt-shingle gable roofs. Lots of 0.05 to 0.10 acre are the norm on these blocks - buyers should confirm with Leesburg Planning & Zoning whether the parcel can be subdivided into two lots. King Street's shops and restaurants are a five-minute walk. The Tollhouse Center retail strip abuts the block to the east, with Route 7, Route 15 and the Dulles Greenway minutes away.