95 Dutch Mill Ct - Apartments FOR SALE


Harrisonburg, VA 22801
$719,000 USD
540-433-2454
95 Dutch Mill Ct, Harrisonburg, VA for Sale
$719,000 USD
Apartments - FOR SALE
1/1
null | Request Cap Rate

95 Dutch Mill Ct
Harrisonburg, VA 22801


HIGHLIGHTS

  • Fully leased 5-unit multifamily near JMU and downtown
  • Strong unit mix with 1-, 2-, and 3-bedroom apartments
  • Rents below market with upside potential
  • Owner pays key operating expenses for streamlined management
  • Public utilities and R-3 zoning support long-term stability
  • Turn-key investment with minimal maintenance required

OVERVIEW

Investor Special in Harrisonburg’s high-demand rental corridor—this fully leased 5-unit multifamily property at 95 Dutch Mill Ct offers a compelling opportunity just minutes from James Madison University and downtown. With a smart unit mix of two 1-bedroom units, two 2-bedroom units, and one 3-bedroom unit, the asset is well-positioned to attract both students and professionals. Currently generating $64,500 in annual gross rent, the property presents significant upside through rent adjustments, as current rates are below market. The building sits on 0.46 acres and was constructed in 1978, with a total of 4,352 finished square feet. Each unit includes a refrigerator and stove, and the owner covers insurance, management, trash, and taxes—streamlining operations for a new buyer. The location benefits from proximity to Reservoir Street, offering direct access to Dutch Mill Ct, and is served by public utilities. Zoned R-3 Multifamily, the property is ideal for continued residential use or potential redevelopment. With minimal maintenance required and strong existing cash flow, this turn-key investment is suited for both seasoned investors and first-time buyers seeking a value-add opportunity in a vibrant university town.

FOR SALE DETAILS

PRICE

$719,000 USD

PRICE/SF

$165 USD /SF

# OF UNITS

5

PRICE/UNIT

$143,800

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

1978

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.44 AC

LAND SF

19,370 SF

ZONING

Multi dwel

APN/PARCEL ID

014-L-3

ASK ABOUT THIS PROPERTY

John BowmanOld Dominion RealtyMore Info
540-433-2454

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John BowmanOld Dominion RealtyMore Info
540-433-2454

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