38 UNIT TOWNHOMES COMPLEX FOR SALE. Located at 1041,1045,1049, 1053 and 1057 Shenandoah Street, Harrisonburg, VA, the Farm Gate Townhomes are five buildings constructed with brick veneer & vinyl exterior walls, a composition shingle roof, and crawl on approximately 1.9 acres. The properties consist of 38 townhouses with 2 bedroom and 1.5 bath. The average unit size is 900 square feet with baseboard heat and wall mount PTAC unit. The buildings were constructed in 1980 and have been maintained well. Other improvements include the paved parking lot, concrete sidewalks and lights, and typical landscaping. 90% of the units have been updated with new flooring and updated fixtures in the last six years. Currently 100% occupancy. Tenants pay all utilities. Solid cash flow with approximately $32,940 in gross monthly income. Superbly located with a bus route and close to all City amenities.
Closed
$4,465,000
1041 Shenandoah St, Harrisonburg, VA 22802
2beds
2baths
34,204sqft
Condominium, Multi Family, Apartment
Built in 1980
-- sqft lot
$3,120,800 Zestimate®
$131/sqft
$-- Estimated rent
Home value
$3,120,800
$2.34M - $4.15M
Not available
Zestimate® history
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What's special
Zillow last checked: 8 hours ago
Listing updated: May 30, 2025 at 10:59am
Listed by:
Jason Song 540-437-3676,
Cottonwood Commercial LLC
Bought with:
Nico Iglesias, 0225224136
Rocktown Realty
Source: CAAR,MLS#: 637308
Originating MLS: Harrisonburg-Rockingham Area Association of REALTORS
Originating MLS: Harrisonburg-Rockingham Area Association of REALTORSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
Heating
- Baseboard, Electric
Cooling
- Wall Unit(s)
Appliances
- Included: Electric Range, Refrigerator, Dryer, Washer
Features
- Flooring: Carpet, Vinyl
- Basement: Crawl Space
Interior area
- Total interior livable area: 34,204 sqft
Property
Features
- Patio & porch: Deck
- Exterior features: Fence
- Fencing: Partial
Lot
- Size: 1.91 Acres
Details
- Parcel number: 048 E 7
- Zoning description: R-3 Multiple Dwelling Residential
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Condominium, Multi Family, Apartment
- Attached to another structure: Yes
Materials
- Brick, Vinyl Siding
- Foundation: Block
- Roof: Composition,Shingle
Condition
- New construction: No
- Year built: 1980
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Available, High Speed Internet Available
Community & neighborhood
Security
- Security features: Smoke Detector(s)
Community
- Community features: Public Transportation
Location
- Region: Harrisonburg
- Subdivision: NONE
Price history
| Date | Event | Price |
|---|---|---|
| 4/5/2023 | Sold | $4,465,000-7%$131/sqft |
Source:  CAAR #637308 | ||
| 1/27/2023 | Pending sale | $4,800,000$140/sqft |
Source: CAAR #637308 | ||
| 12/19/2022 | Listed for sale | $4,800,000$140/sqft |
Source: CAAR #637308 | ||
Public tax history
Tax history is unavailable.
Neighborhood: Park View
Nearby schools
GreatSchools rating
- 4/10Bluestone ElementaryGrades: K-5Distance: 2 mi
- 4/10Thomas Harrison Middle SchoolGrades: 6-8Distance: 1.1 mi
- 3/10Harrisonburg High SchoolGrades: 9-12Distance: 2.3 mi
Schools provided by the listing agent
- Elementary: Waterman
- Middle: Thomas Harrison
- High: Harrisonburg
Source: CAAR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.