A exceedingly rare opportunity to own a 29 unit all brick multifamily investment property currently near 100% occupancy. Units are a mix of (13) one-bedroom apts, (15) two-bedroom apts, and (1) one-bedroom efficiency. Rates in the area and within this complex have steadily appreciated while maintaining low vacancy rates. Desirable area near EMU, JMU and many employers. Easy access to bus routes. Off-street parking is maintained for the benefit of the tenants. Listing Agent is a part owner of the subject property and is a Licensed Real Estate Broker in the Commonwealth of VA
For sale
$4,500,000
961 Chicago Ave, Harrisonburg, VA 22802
4beds
3baths
21,044sqft
Est.:
4+ Apts
Built in 1980
-- sqft lot
$4,224,000 Zestimate®
$214/sqft
$-- HOA
What's special
All brickOff-street parking
- 20 days
- on Zillow |
- 1,144 |
- 49 |
Likely to sell faster than
Zillow last checked: 7 hours ago
Listing updated: April 07, 2025 at 05:51am
Listed by:
Cottonwood Commercial LLC
Source: HRAR,MLS#: 662827
Travel times
Tour with a buyer’s agent
Tour with a buyer’s agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 3
Heating
- Baseboard
Cooling
- Window Unit(s)
Features
- High Speed Internet
- Has basement: No
Interior area
- Total structure area: 2,000
- Total interior livable area: 21,044 sqft
Property
Lot
- Size: 1.23 Acres
- Features: Near Public Transit
Details
- Parcel number: 048E12,13,14 15, 20
- Zoning description: B-2 General Business
Construction
Type & style
- Home type: MultiFamily
- Property subtype: 4+ Apts
Materials
- Foundation: Block
Condition
- New construction: No
- Year built: 1980
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Connected
Community & HOA
Community
- Subdivision: Pleasant Acres
HOA
- Has HOA: No
Location
- Region: Harrisonburg
Financial & listing details
- Price per square foot: $214/sqft
- Date on market: 4/6/2025
- Listing agreement: Exclusive Right To Sell
- Total actual rent: 242275
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