Take advantage of this rare opportunity to own a 7-bedroom split-level multi-family property! The house is situated on a spacious R3 medium-density zoned lot and is located off of Reservoir Street, being only minutes from James Madison University. This property currently generates $4,100 per month in rental income, with tenants covering all utilities and minor repairs. Current lease runs through April 1, 2025. Interior features include; 2,484 square feet of finished living space with 7 bedrooms, and 3 full baths (one bedroom and large bonus room in finished basement). The lower level includes an additional 1,172 square feet of unfinished space and a garage area—ideal for adding another kitchen and creating a separate living unit to maximize rental income. Recent updates over the past 5 years include paint, blinds, and new kitchen flooring. Don’t miss this opportunity to own a profitable rental property in a prime City location with a growing college Town!!
For sale
Price cut: $15K (4/1)
$540,000
728 Foley Rd, Harrisonburg, VA 22801
7beds
--baths
2,484sqft
Est.:
Multi Family
Built in 1970
-- sqft lot
$516,400 Zestimate®
$217/sqft
$-- HOA
What's special
Garage area
- 64 days
- on Zillow |
- 546 |
- 16 |
Zillow last checked: 7 hours ago
Listing updated: April 01, 2025 at 06:27am
Listed by:
Colton Mitchell 540-820-2001,
Old Dominion Realty
Source: Bright MLS,MLS#: VAHC2000384

Travel times
Tour with a buyer’s agent
Tour with a buyer’s agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 7
Basement
- Area: 1792
Heating
- Heat Pump, Electric
Cooling
- Central Air, Electric
Appliances
- Included: Cooktop, Refrigerator, Dishwasher, Electric Water Heater
Features
- Flooring: Hardwood, Vinyl, Carpet
- Basement: Partial,Full,Heated,Partially Finished,Space For Rooms,Walk-Out Access,Windows,Unfinished,Front Entrance
- Number of fireplaces: 1
Interior area
- Total structure area: 3,656
- Total interior livable area: 2,484 sqft
Property
Parking
- Total spaces: 1
- Parking features: Garage Faces Front, Attached
- Attached garage spaces: 1
Accessibility
- Accessibility features: None
Features
- Levels: Multi/Split
- Pool features: None
Lot
- Size: 0.53 Acres
Details
- Additional structures: Above Grade, Below Grade
- Parcel number: 84B17
- Zoning: R3
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Vinyl Siding, Brick
- Foundation: Block
- Roof: Shingle
Condition
- Good
- New construction: No
- Year built: 1970
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Location
- Region: Harrisonburg
Financial & listing details
- Price per square foot: $217/sqft
- Tax assessed value: $380,500
- Annual tax amount: $3,843
- Date on market: 2/21/2025
- Listing agreement: Exclusive Right To Sell
- Ownership: Fee Simple
- Total actual rent: 49200
- Road surface type: Black Top
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