Harrisonburg, VA Multifamily Properties for Sale

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10 properties

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Updated: Jul 6

Brick Multifamily Apartment Building

600 & 620 NORWOOD ST, Harrisonburg, VA 22801

$1,574,800

8,256 sqft 0.42 AC lot

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
Brick construction with roof type listed as composition
Year built: 1980; heating is baseboard

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Updated: Jun 2

Fully Occupied Triplex with Mini-Splits

1341 MT CLINTON PIKE, Harrisonburg, VA 22801

$519,000

4,048 sqft 0.42 AC lot

Fully occupied 3‑unit triplex with 4,000+ total square feet
Current gross monthly rent totals $4,000: $1,600 (2BD/2BA), $1,200 (2BD/1BA), and $1,200 (1BD/1BA)
Major capital improvements in the past year: new roof, gutters, and downspouts
Fresh flooring and replacement windows on the main level
New energy‑efficient mini‑split heating and cooling systems throughout (zoned, ductless)

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Renovated Upper Over-Under Duplex

Harrisonburg, VA 22801

$509,000

2,646 sqft 0.54 AC lot

Well-maintained over-under duplex with a renovated upper unit, recent roof, and tenant-paid utilities.

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Harrisonburg Multifamily Investment Opportunity

91 DUTCH MILL Ct, Harrisonburg, VA 22801

$1,749,900

0.66 AC lot

14-unit apartment building near JMU, Valley Mall, and downtown.

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14-Unit Brick Apartment Building

91 DUTCH MILL CT, Harrisonburg, VA 22801

$1,749,900

6,656 sqft 0.66 AC lot

Brick 14-unit building with 1BR/1BA units, fully occupied, offering a straightforward residential income configuration.

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Harrisonburg Multifamily Investment Opportunity

91 DUTCH MILL Court, Harrisonburg, VA 22801

$1,749,900

6,656 sqft 0.66 AC lot

14-unit apartment building near JMU, Valley Mall, and downtown.

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Three-Building Apartment Portfolio

990, 992, 994 CHICAGO AVE, Harrisonburg, VA 22802

$3,950,000

15,712 sqft 1.65 AC lot

Brick multifamily buildings with 32 one-bedroom units offer a straightforward residential income setup.

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Duplex with Oversized Garage

555 Pointe Dr |, Harrisonburg, VA 22801

$314,900

1,536 sqft

Duplex featuring a garage and large lot in Meadow Pointe.

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Apartment Building for Sale

958 COLLEGE Ave, Harrisonburg, VA 22802

$970,000

Apartment building offered for sale with car-dependent access characteristics based on local walk, bike, and transit scores.

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Brick Mid-Sized Multifamily Buildings

600 & 620 Norwood St, Harrisonburg, VA 22801

$1,574,800

Two adjacent buildings total 15 fully leased 1-bed, 1-bath units in long-lasting brick construction.

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Based on your search, we've compiled 20 Potential Opportunities for your consideration. Besides 10 Active listings in Harrisonburg, VA, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 2 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Mobile Home Park with 19 Lots

605 CELDONS LN, Elkton, VA 22827

$725,000

1.83 AC lot

Nineteen-lot mobile home park on 1.83 acres in Elkton, VA, with a planned electrical system upgrade.

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19-Lot Mobile Home Park

19-605 Celdons Ln, Elkton, VA 22827

$725,000

1.83 AC lot

Elkton, Virginia 19-lot mobile home park on 1.83 acres with an identified electrical system upgrade.

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New Construction Duplex with Garage

259 Freemont Circle |, Broadway, VA 22815

$349,900

1,640 sqft

New construction duplex featuring high-end finishes, garage, and mountain views.

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Two-House Residential Income Property

120 & 114 N CENTRAL ST, Broadway, VA 22815

$214,900

1,925 sqft 0.20 AC lot

Two rental dwellings on one lot with month-to-month tenants offer a straightforward income-focused residential setup.

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Potential Development Sites for Consideration

Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

Land Near Shepherd University

8285 MARTINSBURG Pike, Shepherdstown, WV 25443

$650,000

3.70 AC lot

Prime land near Shepherd University with development potential.

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Altavista Land For Sale

0-Tract 7 Dearing Ford Road, Altavista, VA 24517

$39,900

1.31 AC lot

1.31 acre multi-family zoned land near Altavista shopping.

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Land in Gladys, Virginia

3B Mohawk, Gladys, VA 24554

Contact for pricing

2.00 AC lot

Two-acre lot suitable for various residential builds.

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Central Business Zoned Development Land

107 HOWARD Street, La Plata, MD 20646

$250,000

0.23 AC lot

Central Business zoned parcel with plans for a three-story mixed-use building and 15 parking spaces.

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Off-Market Properties in Harrisonburg, VA

Consider similar Off-Market properties in Harrisonburg, VA. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

Multifamily properties

1250 Parkway Dr, Harrisonburg, VA 22802

Value Estimation by Request

0.45 AC lot

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Multifamily properties

28 Rock St, Harrisonburg, VA 22802

Value Estimation by Request

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Harrisonburg, VA Multifamily Properties Market Trends and Statistics

Explore 12 multifamily properties for sale in Harrisonburg, VA, showcased through 10 active listings on our real estate platform. These investment opportunities span a total of 45,510 square feet of properties for sale, with an estimated market value of $10,367,500.

Sale prices for multifamily properties in Harrisonburg, VA start at $314,900, averaging $1,481,071, and reaching up to $3,950,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

Demographics Overview

Population 75K

Population Growth (5Y) -1.9%

Median Household Income $67,104

College Educated 26.3%

High-Yield Neighborhoods for Investment

Identify Harrisonburg submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood	Average Price
22801	$892K
22802	$3.7M

Taxes & Financing

Tax Rate (average for all types) 0.84%

Property Tax per SF $13.70 per SF

Tax Rate vs County Average 0.01 pp above county avg

Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Harrisonburg city

New Delisted

Total CRE Inventory on Market (SF)

Property Size Breakdown

The majority of commercial real estate listings in Harrisonburg fall within the 100,000+ square foot range.

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