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Harrisonburg Housing Portfolio 6 Multifamily Properties Offered at $5,793,068 CAD in Multiple Locations
INVESTMENT HIGHLIGHTS
- Top of the Market Rents
- A Mix of Two-, Three-, Four-, Eight- and Ten-Bedroom Units
- Leases Secured Through 2026-2027
EXECUTIVE SUMMARY
Marcus & Millichap is pleased to present the offering memorandum for Harrisonburg Housing Portfolio Harrisonburg, VA.
The offering contains eight properties constructed between 1915 and 1935 and situated on approximately 2.50 cumulative acres. 214-224 Broad Street is three duplexes, 145 Campbell Street and 147 Campbell Street are duplexes, 360 W Bruce Street, 415 N Liberty Street, 507 E Wolfe Street and 548 E Market Street are single family homes.
Harrisonburg’s population growth, thriving university community, and limited multifamily supply create strong rental demand and low vacancies. Affordable entry prices, stable rents, and a supportive property management network offer investors steady cash flow, attractive yields, and long-term appreciation potential, making it a prime market for multifamily investment in Virginia.
The offering contains eight properties constructed between 1915 and 1935 and situated on approximately 2.50 cumulative acres. 214-224 Broad Street is three duplexes, 145 Campbell Street and 147 Campbell Street are duplexes, 360 W Bruce Street, 415 N Liberty Street, 507 E Wolfe Street and 548 E Market Street are single family homes.
Harrisonburg’s population growth, thriving university community, and limited multifamily supply create strong rental demand and low vacancies. Affordable entry prices, stable rents, and a supportive property management network offer investors steady cash flow, attractive yields, and long-term appreciation potential, making it a prime market for multifamily investment in Virginia.
TAXES & OPERATING EXPENSES (ACTUAL - 2024) Click Here to Access |
ANNUAL (CAD) |
|---|---|
| Gross Rental Income |
-
|
| Other Income |
-
|
| Vacancy Loss |
-
|
| Effective Gross Income |
-
|
| Net Operating Income |
$99,999
|
TAXES & OPERATING EXPENSES (ACTUAL - 2024) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | - |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | - |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
PROPERTY FACTS
| Price | $5,793,068 CAD | Number of Properties | 6 |
| Price / SF | $142.88 CAD / SF | Individually For Sale | 0 |
| Cap Rate | 7.97% | Total Building Size | 40,544 SF |
| Sale Type | Investment | Total Land Area | 5.86 AC |
| Status | Active |
| Price | $5,793,068 CAD |
| Price / SF | $142.88 CAD / SF |
| Cap Rate | 7.97% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 6 |
| Individually For Sale | 0 |
| Total Building Size | 40,544 SF |
| Total Land Area | 5.86 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| Multifamily | 1,224 SF | 1920 | - | |
| 145-147 Campbell St, Harrisonburg, VA 22801 | Multifamily | 25,591 SF | 1888 | - |
| 214-224 Broad st, Harrisonburg, VA 22802 | Multifamily | 7,205 SF | 1935 | - |
| 548 E Market St, Harrisonburg, VA 22801 | Multifamily | 3,360 SF | 1920 | - |
| 415 N Liberty St, Harrisonburg, VA 22802 | Multifamily | 2,524 SF | 1985 | - |
| 507 E Wolfe St, Harrisonburg, VA 22802 | Multifamily | 1,864 SF | 1925 | - |
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CONTACTS
-
Jack Carroll -
Altay Uzun -
Justin Ferguson -
Myles Lee -
Tracey Mori -
Marcus & Millichap
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Harrisonburg Housing Portfolio
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