Duplex with Detached
For Sale
$314,500
242 S MAIN ST, Mount Crawford, VA 22841
Duplex Side/Side, MOUNT CRAWFORD, VA
Property Size2,005 SF
Lot Size0.39 Acres
Price / SF$156.86
Days on Market48
Property Features for 242 S MAIN ST
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R-1 Low Density Residenti
Elementary school
John Wayland
Middle school
Wilbur S. Pence
High school
Turner Ashby
Directions
From Harrisonburg South on 11 to Mount Crawford , property on Left. Can enter from Back alley.
Subdivision
Rockingham
Standard status
Active
APN
137A-(A)-L70
Size
2,005 SF
Lot size
0.39 Acres
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Year
2021
Tax Annual Amount
770
Utilities
Heating system
Oil, Forced Air
Cooling system
Window Unit(s)
Amenities
fireplace
hardwood floors
covered patio
separate laundry
garage/workshop
Building Details
Year built
1772
Flooring type
Hardwood
Roof type
Metal, Composition
Buildings
2
Listing Agency:
Old Dominion Realty Inc
Listed By:
John Bowman · License #0225085237
(540) 433-2454
Added: Sep 14
Changed: Oct 26
Last Checked: Oct 31 at 7:06AM
MLS# 681909
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.
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Investment Insights
Based on property information with market context.
This side-by-side duplex combines a renovated main residence with a separate-entry, one-bedroom apartment. The main unit has a family room, eat-in kitchen, full bath and two upstairs bedrooms. Hardwood flooring runs throughout, and fireplaces are present in each room; they are not currently configured for wood burning. A covered patio and a separate laundry area serve the property. The apartment contains 600 square feet with one bedroom, one bath and a kitchen/living area.
A detached 20-by-24-foot garage/workshop provides additional enclosed space. The 0.39-acre property is zoned R-1 Low Density Residential and is located near I-81 and Buc-ee’s. Rear access is from Crawford Avenue.
A detached 20-by-24-foot garage/workshop provides additional enclosed space. The 0.39-acre property is zoned R-1 Low Density Residential and is located near I-81 and Buc-ee’s. Rear access is from Crawford Avenue.
Key Highlights
- Two‑unit layout includes a renovated main residence and a separate‑entry apartment
- Apartment offers 600 SF, one bedroom, one bath and a kitchen/living area
- Main residence has two upstairs bedrooms, an eat‑in kitchen and a full bath
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,109
Cap Rate
5.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$362,180
$362.2K
Cap Rate 7%
$258,700
$258.7K
Cap Rate 9%
$201,211
$201.2K
Market Conditions
NOI Build-Up for 2,005 SF
Gross rent
$27.7K $13.80/SF
− Vacancy
−$1.8K −$0.90/SF
EGI
$25.9K $12.90/SF
− OpEx
−$7.8K −$3.87/SF
NOI
$18.1K $9.03/SF
Area
Rockingham County, VA
Vacancy
6.50%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$362,180
Cap Rate 7%
$258,700
Cap Rate 9%
$201,211
Alternative Uses
Best Use
Multifamily LT 5
$258.7K
$226.4K – $301.8K
NOI $18,109 @ 7.0% cap · market cap 5.76%
Second Best
Apartment 5plus
$236.1K
$206.6K – $275.4K
NOI $16,525 @ 7.0% cap · market cap 5.25%
Theoretical Best
Office A
$604.2K
$528.7K – $705.0K
NOI $42,297 @ 7.0% cap · market cap 13.45%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
50
Businesses Nearby
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Business Placement
Demographics for 22841, VA
3,047
Population
1,269
Households
2.4
Avg Household Size
42
Median Age
27%
College-Educated
91%
High-School Grad
30.1 sq mi
ZIP Area
101
Density / Sq Mi
$75,978
Median Household Income
$43,013
Median Earnings
$1,172
Median Rent
$358,300
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - A separate-entry apartment adds a second residential unit, with laundry shared between the two spaces.
Where is this duplex located?
The property is located at 242 S MAIN ST Mount Crawford, VA.
What is the asking price?
The asking price for this property is $314,500.
What are key features of this property?
This property features: Two‑unit layout includes a renovated main residence and a separate‑entry apartment; Apartment offers 600 SF, one bedroom, one bath and a kitchen/living area; Main residence has two upstairs bedrooms, an eat‑in kitchen and a full bath
