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    728 Foley Rd Harrisonburg, VA 22801

    For Sale
    $522,000

    Split Level, Other - HARRISONBURG, VA

    Property size:
    2,484 SF
    Lot size:
    0.53 Acres
    Days on Market:
    37
    Last Refresh:
    Dec 6 at 12:06 am

    Property Features for 728 Foley Rd

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    R-3 Multifamily Residential
    Rooms
    Basement, Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Bedrooms
    7
    Bathrooms
    3
    APN
    084 B 17
    Basement Y/N
    1
    Size
    2,484 SF
    Lot size
    0.53 Acres

    Utilities

    Heating system
    Heat Pump (Heating)
    Cooling system
    Central Air, Heat Pump

    Building Details

    Year built
    1970
    Number of units
    1
    Flooring type
    Parquet Wood, Vinyl, Wood
    Roof type
    Composition, Shingle
    Architectural style
    Split Level

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

    Listing agent Colton Mitchell (540) 433-2454 License #0225212392

    Listing date Oct 31, 2025

    MLS# 661105 Listing URL

    Copyright © 2025 Harrisonburg-Rockingham Association of Realtors. 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 7-bedroom split-level multi-family property is situated on a 0.53-acre lot zoned R-3 Multifamily Residential. Located off Reservoir Street, the property is minutes from James Madison University. The property generates $4,100 per month in rental income, with tenants covering all utilities and minor repairs. The current lease runs through April 1, 2025. The property features 2,484 square feet of finished living space with 7 bedrooms and 3 full baths. The finished basement includes one bedroom and a large bonus room. The lower level includes an additional 1,172 square feet of unfinished space and a garage area, which could be converted to maximize rental income by adding another kitchen and creating a separate living unit. Updates over the past 5 years include paint, blinds, and new kitchen flooring. The 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
    -78.855732
    Latitude
    38.421117

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    FAQs

    What type of property is this?
    Multifamily property - Spacious 7-bedroom multifamily 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.; - Enjoy 7 bedrooms and 3 full baths within 2,484 square feet of finished living space.
    (540) 433-2454
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    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
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