Brick Multifamily Apartment
For Sale
$1,574,800
600 & 620 NORWOOD ST, Harrisonburg, VA 22801
MULTI_FAMILY - HARRISONBURG, VA
Property Size8,256 SF
Lot Size0.42 Acres
Price / SF$190.75
Days on Market47
Property Features for 600 & 620 NORWOOD ST
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R-3 Multifamily Residenti
Elementary school
Spotswood (Harrisonburg)
Middle school
Skyline
High school
Rocktown
Directions
Along Norwood St
Subdivision
Harrisonburg
Standard status
Active
APN
027 S 40 43, 027 S 45A 46
Size
8,256 SF
Lot size
0.42 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
12928
Utilities
Heating system
Baseboard
Cooling system
Wall Unit(s), Window Unit(s)
Building Details
Year built
1980
Roof type
Composition
Listing Agency:
Cottonwood Commercial LLC
(540) 434-9922
Listed By:
Mike Martin
(540) 434-9922
Added: Jul 6
Changed: Aug 9
Last Checked: Aug 21 at 6:06PM
MLS# 679191
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.
600 & 620 Norwood St present a mid-size multifamily offering with long-lasting brick construction. The property includes two buildings with 15 total apartments, and all units are currently leased. Each unit is configured as a 1-bedroom, 1-bath plan with approximately 500+/- square feet. The ownership structure and physical setup are well-suited to an operator seeking a straightforward, repeatable unit mix under an R-3 Multifamily Residenti zoning designation.
The buildings are located in the center of Harrisonburg, positioned just off the I-81 interchange and E Market Street. Nearby residents have convenient access to restaurants, retail, grocery, and entertainment within a few minutes’ drive.
From an ownership standpoint, the current portfolio is fully occupied with a consistent 1-bedroom product. The listing also notes that current rents are below market rate, providing a potential path to align income over time. In addition, the owner will be installing a new roof on 600 Norwood St prior to closing, which can help limit future capital expenses.
The buildings are located in the center of Harrisonburg, positioned just off the I-81 interchange and E Market Street. Nearby residents have convenient access to restaurants, retail, grocery, and entertainment within a few minutes’ drive.
From an ownership standpoint, the current portfolio is fully occupied with a consistent 1-bedroom product. The listing also notes that current rents are below market rate, providing a potential path to align income over time. In addition, the owner will be installing a new roof on 600 Norwood St prior to closing, which can help limit future capital expenses.
Key Highlights
- Two mid‑size apartment buildings: 600 and 620 Norwood Street with 15 total units, fully leased
- All units are 1 bed / 1 bath with 500 +/- SF per unit
- Located in the center of Harrisonburg just off the I‑81 interchange and E Market Street
Property Analytics
Property Profile
Current Use
Lease Details
15
Residential units
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
506
Businesses Nearby
Explore this area
Business Placement
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Two brick apartment buildings totaling 15 one-bedroom units, fully leased, with an upcoming new roof for one address.
Where is this apartment building located?
The property is located at 600 & 620 NORWOOD ST Harrisonburg, VA.
What is the asking price?
The asking price for this property is $1,574,800.
What are key features of this property?
This property features: Two mid‑size apartment buildings: 600 and 620 Norwood Street with 15 total units, fully leased; All units are 1 bed / 1 bath with 500 +/- SF per unit; Located in the center of Harrisonburg just off the I‑81 interchange and E Market Street
