316 North High St Harrisonburg, VA 22802
Located less than one mile from James Madison University in downtown Harrisonburg, this investment property features six bedrooms and two and a half bathrooms and is fully leased through June 2027, offering immediate, stable cash flow. Gross monthly income is $4,770 for the upcoming lease term. Rear alley access provides convenient off-street parking, a valuable amenity in this location. The property has seen numerous capital improvements, including a new boiler, replacement of all visible knob-and-tube wiring. Additional updates include new kitchen and laundry flooring, thermostat replacement, and a new washer (March 2024). With strong income, key system upgrades, and a prime location, this is a good investment opportunity. A zoning verification letter is available upon request.
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Price History
| date | event | price | source |
|---|---|---|---|
|
04/30/2026
04/30/2026
|
Active |
$498,900
|
Charlottesville Area Assoc of Realtors |
Market Trends
Source: Constellation1
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