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Student Housing Apartment Building
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37 South Ave, Harrisonburg, VA 22801

Predominantly one-bedroom student housing positioned within walking distance of James Madison University and its surrounding campus amenities.

Property SizeContact for details
Days on Market143

Property Features for 37 South Ave

General Information

Standard status Active
Property subtype Multifamily
Occupancy 100%

Additional Details

Public Transit Yes
Multifamily Units 120
Listing Agency: JLL Chicago | Americas Headquarters
Listed By: Scott Clifton · License #IL 475.170910
Source: Crexi
Added: Apr 12 Changed: Aug 31 Last Checked: Aug 30 at 2:47PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of JLL Chicago | Americas Headquarters

Investment Insights

Based on property information with market context.

This student housing community in Harrisonburg, Virginia, includes 120 units and 124 beds, with a predominantly one-bedroom configuration. The unit mix provides a distinct alternative to the four-bedroom apartments that largely serve the local off-campus student housing market.

The property is pedestrian to James Madison University, adjacent to the university’s Greek Row and main retail corridor, and located along the campus shuttle route. For the 2023–2024 academic year, occupancy was 100%, while average occupancy reached 99% for five consecutive years. The community’s setting supports convenient access to campus and nearby retail services.

Key Highlights

  • 120‑unit, 124‑bed student housing community
  • Predominantly 1‑bedroom units
  • Pedestrian to James Madison University

Property Analytics

Current Use

Grand Duke Apartments Real Estate Agency

Suggested Use

Top Pick Dental Office Law Firm Real Estate Agency Nail Salon Hair Salon Gym & Fitness Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

120
Residential units
100%
Occupancy

Location Intelligence

Trade Area within ½ mile

500
Businesses Nearby

Demographics for 22801, VA

40,460
Population
15,820
Households
2.6
Avg Household Size
29
Median Age
43%
College-Educated
89%
High-School Grad
33.9 sq mi
ZIP Area
1,194
Density / Sq Mi
$70,779
Median Household Income
$29,241
Median Earnings
$1,235
Median Rent
$340,600
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Predominantly one-bedroom student housing positioned within walking distance of James Madison University and its surrounding campus amenities.
Where is this apartment building located?
The property is located at 37 South Ave Harrisonburg, VA.
What are key features of this property?
This property features: 120‑unit, 124‑bed student housing community; Predominantly 1‑bedroom units; Pedestrian to James Madison University
More about this property
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