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Property profile & analytics
OFF-MARKET
Apartment buildings

1250 Parkway Dr Harrisonburg, VA 22802

0.45 ac lot Built 1988
Property ID
Property summary
AI-generated overview

This exceptional Harrisonburg investment opportunity presents a rare find: a 1988-built duplex located at 1250 & 1260 Parkway Dr, conveniently situated within walking distance of Eastern Mennonite University (EMU). The property, encompassing 0.45 acres, offers two substantial units, each boasting 1400 square feet of living space. Each unit features two bedrooms, two bathrooms, and a versatile bonus room ideal for use as an office. The spacious master suites include walk-in closets and private bathrooms with exterior access. Additional features include large living rooms, well-appointed kitchens, and a convenient outbuilding. This property presents a compelling opportunity for rental income generation or owner-occupancy with rental potential. The duplex is currently taxed as a single unit and cannot be legally subdivided. Priced at $324,999, this property represents a significant investment opportunity in a desirable Harrisonburg location. The property's proximity to EMU ensures strong rental demand and potential for long-term appreciation. Don't miss this chance to acquire a high-yield investment property in a thriving community. The property is located in Harrisonburg, VA, zip code 22802.

Property profile
Verified
Property type Apartment buildings
Year built 1988
Lot 0.45 ac (19,602 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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