1250 Parkway Dr Harrisonburg, VA 22802
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.