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Multi-Unit Residential Portfolio
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415 N Liberty St, Harrisonburg, VA 22802

Thirteen separately deeded rental units on a single portfolio site with central A/C and tenant-paid utilities.

Property SizeContact for details
Lot Size2.50 Acres
Days on Market124

Property Features for 415 N Liberty St

General Information

Standard status Active
Lot size 2.50 Acres
Property subtype Multifamily

Amenities

central A/C
extra storage in basement
balcony/patio
spacious backyards
Listing Agency: Marcus & Millichap - Hampton Roads
Listed By: Altay Uzun · License #VA 0225214405
Source: Crexi
Added: Apr 11 Changed: Aug 8 Last Checked: Jul 23 at 11:59AM

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 Marcus & Millichap - Hampton Roads

Investment Insights

Based on property information with market context.

This offering includes thirteen separately deeded residential units constructed between 1888 and 1985. Across the portfolio, the property totals 56 beds, with a mix of four-, three-, eight-, and ten-bedroom configurations and multiple full and half bathrooms depending on unit type.

The portfolio features central A/C and additional storage in basements, with balcony or patio space in select homes and spacious backyards. Tenants are responsible for all utilities. All subject properties are located within one mile of each other in Harrisonburg.

Unit mix includes three four-bedroom two-bath units, six three-bedroom one-bath units, and larger configurations including one eight-bedroom unit with multiple bathrooms, one additional eight-bedroom unit with multiple bathrooms, and one ten-bedroom unit with multiple bathrooms. The portfolio is situated on approximately 2.50 cumulative acres along the Shenandoah Valley.

Key Highlights

  • 13 separately deeded rental properties on approx. 2.50 cumulative acres
  • Portfolio totals 56 beds with units averaging $557
  • Unit mix includes (3) 4BD/2BA, (6) 3BD/1BA, (2) 8BD units, and (1) 10BD unit

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Electrical Service Locksmith Carpet & Flooring Store Home Appliance Store Skin Care Clinic Garden 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.

Location Intelligence

Trade Area within ½ mile

1,271
Businesses Nearby

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

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 - Thirteen separately deeded rental units on a single portfolio site with central A/C and tenant-paid utilities.
Where is this apartment building located?
The property is located at 415 N Liberty St Harrisonburg, VA.
What are key features of this property?
This property features: 13 separately deeded rental properties on approx. 2.50 cumulative acres; Portfolio totals 56 beds with units averaging $557; Unit mix includes (3) 4BD/2BA, (6) 3BD/1BA, (2) 8BD units, and (1) 10BD unit
More about this property
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