Apartment Building 32 One-Bedroom
For Sale
$3,950,000
Pending
990 992 994 CHICAGO AVE, Harrisonburg, VA 22802
COMMERCIAL - HARRISONBURG, VA
Property Size15,712 SF
Lot Size1.65 Acres
Days on Market144
Property Features for 990 992 994 CHICAGO AVE
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
R-3 Multiple Dwelling Res
Directions
Mount Clinton Pike, Left onto Chicago Ave, properties on the left side.
Subdivision
Harrisonburg
Standard status
Pending
APN
047 P 1
Size
15,712 SF
Lot size
1.65 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
31027
Utilities
Heating system
Baseboard, Electric (Heating)
Cooling system
Wall/Window Unit(s), Wall Unit(s)
Amenities
community laundry room
Building Details
Year built
1986
Roof type
Composition
Listing Agency:
Funkhouser Real Estate Group
(540) 434-2400
Listed By:
Ryan Roberts · License #0225101587
(540) 434-2400
Added: Mar 11
Changed: Jul 31
Last Checked: Aug 1 at 5:06PM
MLS# 674218
Copyright © 2026 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.
Investment Insights
Based on property information with market context.
Parkhurst Apartments is an apartment buildings investment consisting of three brick apartment buildings at 990, 992, and 994 Chicago Ave. The property totals approximately 1.65 acres and includes 32 one-bedroom apartments, with individual units averaging about 475 square feet each. Buildings are supported by a concrete slab and feature a composition shingle roof. Each unit is heated with baseboard heat and cooled with wall/window unit(s).
A community laundry room is available on site. The property is currently at 100% occupancy and is professionally managed with lease agreements and documents in good order. Several units have been upgraded with LVP flooring.
Constructed in 1986, the buildings have been maintained with recent updates including new exterior decking and roof replacement.
A community laundry room is available on site. The property is currently at 100% occupancy and is professionally managed with lease agreements and documents in good order. Several units have been upgraded with LVP flooring.
Constructed in 1986, the buildings have been maintained with recent updates including new exterior decking and roof replacement.
Key Highlights
- Three‑building apartment complex totaling 1.65 acres at 990, 992, and 994 Chicago Ave
- 32 one‑bedroom apartments with units averaging about 475 SF
- 100% occupancy
Property Analytics
Property Profile
Current Use
Lease Details
32
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
276
Businesses Nearby
Explore this area
Business Placement
Demographics for 22802, VA
28,383
Population
11,957
Households
2.4
Avg Household Size
35
Median Age
29%
College-Educated
81%
High-School Grad
91.0 sq mi
ZIP Area
312
Density / Sq Mi
$62,116
Median Household Income
$36,875
Median Earnings
$1,101
Median Rent
$259,500
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Brick apartment complex with 32 one-bedroom units, community laundry, and wall-mounted cooling on 1.65 acres.
Where is this apartment building located?
The property is located at 990 992 994 CHICAGO AVE Harrisonburg, VA.
What is the asking price?
The asking price for this property is $3,950,000.
What are key features of this property?
This property features: Three‑building apartment complex totaling 1.65 acres at 990, 992, and 994 Chicago Ave; 32 one‑bedroom apartments with units averaging about 475 SF; 100% occupancy
