1337-1341 Walker St - Apartments FOR SALE


Harrisonburg, VA 22801
$1,650,000 USD
540-860-2012
1337-1341 Walker St, Harrisonburg, VA for Sale
$1,650,000 USD
Apartments - FOR SALE
1/14
null | Request Cap Rate

1337-1341 Walker St
Harrisonburg, VA 22801


HIGHLIGHTS

  • Two buildings on separate tax parcels with shared parking
  • 100% occupancy history since construction
  • In-unit washer/dryers in one building
  • Walking distance to James Madison University
  • Projected rent growth for 2025–2026
  • Tenants pay all utilities

OVERVIEW

Investors grab this offer to own 2 well-maintained, income-producing apartment buildings in Harrisonburg! These 2 buildings are on 2 tax parcels, each with 6 one-bedroom, one-bathroom apartments. Each building lies on .29 acres. Both buildings have been consistently 100% occupied since they were built. Affordable one-bedroom apartments in Harrisonburg are sparse, and these are always in high demand. They are within walking distance of JMU and near Harrisonburg Transit Bus Stops. There is a shared parking lot with 22 parking spaces. This is a value-add property with projected higher rents for 2025-2026. The property has been well-maintained and updated throughout the years.

FOR SALE DETAILS

PRICE

$1,650,000 USD

PRICE/SF

$201 USD /SF

# OF UNITS

12

PRICE/UNIT

$137,500

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1985

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.58 AC

LAND SF

25,265 SF

ZONING

R3

APN/PARCEL ID

018-E-7,018-E-8

ASK ABOUT THIS PROPERTY

Alessandro CoppolaLee & Associates Commercial Real EstateMore Info
540-860-2012

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Alessandro CoppolaLee & Associates Commercial Real EstateMore Info
540-860-2012

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.