A exceedingly rare opportunity to own a 29 unit all brick multifamily investment property currently near 100% occupancy. Units are a mix of (13) one-bedroom apts, (15) two-bedroom apts, and (1) one-bedroom efficiency. Rates in the area and within this complex have steadily appreciated while maintaining low vacancy rates. Desirable area near EMU, JMU and many employers. Easy access to bus routes. Off-street parking is maintained for the benefit of the tenants. Listing Agent is a part owner of the subject property and is a Licensed Real Estate Broker in the Commonwealth of VA
Active
$4,500,000
961 Chicago Ave, Harrisonburg, VA 22802
4beds
3baths
21,044sqft
Est.:
Condominium, Multi Family, Apartment
Built in 1980
-- sqft lot
$4,228,000 Zestimate®
$214/sqft
$-- HOA
What's special
- 127 days
- on Zillow |
- 480 |
- 20 |
Zillow last checked: 7 hours ago
Listing updated: May 30, 2025 at 10:59am
Listed by:
Barry Suttles 540-246-5666,
Cottonwood Commercial LLC
Source: CAAR,MLS#: 662827
Originating MLS: Harrisonburg-Rockingham Area Association of REALTORS

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 3
Heating
- Baseboard
Cooling
- Window Unit(s)
Interior area
- Total interior livable area: 21,044 sqft
Property
Lot
- Size: 1.23 Acres
Details
- Parcel number: 048E12,13,14 15, 20
- Zoning description: B-2 General Business
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Condominium, Multi Family, Apartment
- Attached to another structure: Yes
Materials
- Foundation: Block
Condition
- New construction: No
- Year built: 1980
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Available, Fiber Optic Available, Other
Community & HOA
Community
- Features: Public Transportation
- Subdivision: PLEASANT ACRES
HOA
- Has HOA: No
Location
- Region: Harrisonburg
Financial & listing details
- Price per square foot: $214/sqft
- Date on market: 4/1/2025
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