Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    728 Foley Rd Harrisonburg, VA 22801

    For Sale
    $522,000

    MULTI_FAMILY - Split Level - HARRISONBURG, VA

    Property size:
    2,484 SF
    Lot size:
    0.53 Acres
    Days on Market:
    36
    Last Refresh:
    Dec 5 at 4:06 am

    Property Features for 728 Foley Rd

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Basement
    Parking
    1
    Parking features
    Garage - Attached
    Fireplace
    1
    Appliances
    Stove, Refrigerator, Dishwasher
    Size
    2,484 SF
    Lot size
    0.53 Acres

    Utilities

    Heating system
    Heat Pump (Heating)
    Cooling system
    Central Air

    Building Details

    Year built
    1970
    Floors in Building
    2
    Number of units
    1
    Building materials
    Vinyl Siding, Brick
    Architectural style
    Split Level

    Old Dominion Realty (540) 433-2454 [email protected]

    Listing agent Colton Lee Mitchell (540) 820-2001

    Listing date Oct 31, 2025

    MLS# VAHC2000384 Listing URL

    Copyright © 2025 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    7-Bedroom Multifamily Property Near JMU

    This split-level multifamily property features 7 bedrooms and is situated on a 0.53-acre lot zoned R3 for medium-density. Located off Reservoir Street, it is minutes from James Madison University. The property generates $4,100 per month in rental income, with tenants responsible for all utilities and minor repairs. The current lease extends through April 1, 2025. The interior includes 2,484 square feet of finished living space, featuring 7 bedrooms and 3 full baths. The finished basement includes one bedroom and a large bonus room. An additional 1,172 square feet of unfinished space and a garage area are located on the lower level, offering the potential to add another kitchen and create a separate living unit to maximize rental income. Recent updates within the past 5 years include paint, blinds, and new kitchen flooring. This property is located in a prime city location within a growing college town.
    Property Profile Location Intelligence

    Current Use by Public Records

    Horizon Residential Assisted ... Assisted Living Facility

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Harrisonburg
    County
    Harrisonburg
    State
    Virginia
    Longitude
    -78.85576
    Latitude
    38.42126

    Nearby Similar for Sale

    • $1,550,000
      9,456 SF

      Turnkey Inn Investment Opportunity

      Renovated inn with seven rentable units in Harrisonburg, VA.
      491 Garbers Church Rd, Harrisonburg, VA 22801
      View Details
    • $522,000
      2,484 SF

      7-Bedroom Multifamily Property Near JMU

      Spacious 7-bedroom multifamily property near James Madison University.
      728 Foley Rd, Harrisonburg, VA 22801
      View Details
    • New
      $950,000
      4,960 SF

      Downtown Harrisonburg Office Building For Sale

      Two-story office building in downtown Harrisonburg with income potential.
      66 W Water St, Harrisonburg, VA 22801
      View Details
    • $629,900
      2,475 SF

      Turn-Key Medical Office Condo

      Fully equipped medical suite in a thriving commercial area.
      1947 Medical Ave, Harrisonburg, VA 22801
      View Details
    • $1,849,000
      6,656 SF

      Harrisonburg Multifamily Investment Opportunity

      14-unit apartment building near JMU, Valley Mall, and downtown.
      91 Dutch Mill Ct, Harrisonburg, VA 22801
      View Details
    • $1,849,000
      6,656 SF

      Harrisonburg Multifamily Investment Opportunity

      14-unit apartment building near JMU, Valley Mall, and downtown.
      91 Dutch Mill Ct, Harrisonburg, VA 22801
      View Details

    FAQs

    What type of property is this?
    Multifamily property - Profitable rental property near James Madison University.
    Where is this multifamily property located?
    The property is located at 728 Foley Rd Harrisonburg, VA.
    What is the asking price?
    The asking price for this property is $522,000.
    What are key features of this property?
    This property features: - Generates $4,100 per month in rental income with tenants covering utilities and minor repairs.; - Located minutes from James Madison University in a prime City location.; - Boasting 7 bedrooms and 3 full baths within 2,484 square feet of finished living space.
    (540) 820-2001
    Request Owner's contact information
    728 Foley Rd Harrisonburg, VA 22801
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    728 Foley Rd
    Harrisonburg, VA 22801
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    728 Foley Rd Harrisonburg, VA 22801
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.