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Park View Multifamily Home for Sale

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    $4,500,000

    • 21,044 Sq Ft

    961 Chicago Ave, Harrisonburg, VA 22802

    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.

    CHARLOTTE CLARK KLINE MAY REALTY, LLC

    961 Chicago Ave, Harrisonburg, VA 22802

Why Live in Park View

Park View in Harrisonburg is a neighborhood deeply influenced by the presence of Eastern Mennonite University (EMU), which has been a cornerstone since 1917. The area is characterized by its blend of residential and educational spaces, with homes built between the 1960s and 1990s, including vinyl and red-brick ranch styles, contemporary homes, and New Traditional single-family houses and duplexes. The Virginia Mennonite Retirement Community adds to the neighborhood's diversity with its apartment complexes and Craftsman-style townhouses. Park View is known for its quiet atmosphere, except during EMU’s Homecoming weekend, which features events like choral performances, sports games, and community gatherings. The neighborhood offers several things to do, including biking or jogging along the Northend Greenway, which connects to downtown Harrisonburg and passes by parks like Morrison Park and Ralph Sampson Park. Hillandale Park, the city's largest green space, is just 4 miles south, offering hiking trails and playgrounds. For winter sports, Massanutten Resort is 16 miles away, and Shenandoah National Park is 25 miles away, providing extensive hiking opportunities. Local amenities include breakfast spots, thrift stores, and the Harmony Square Shopping Center, which houses a Food Lion grocery store, Park View Federal Credit Union, and Dairy Queen Grill & Chill. Dining options range from Merge Coffee Company to Casa Gallardo Fajita Factory. Schools in the area include the highly rated Harrisonburg High School and Eastern Mennonite School. Park View is safer than the national average, and transportation options include several bus stops and proximity to Interstate 81, with the nearest hospital, Sentara RMH Medical Center, located 6 miles south.

Home Trends in Park View, VA

Housing Trends

Median Sale Price
$390,000
Median Single Family Sale Price
$325,000
Average Price Per Sq Ft
$183
Number of Homes for Sale
1
Last 12 months Home Sales
5
Months of Supply
2.40
Median List Price
$464,700
Median Change From 1st List Price
-3%
Median Home Sale Price YoY Change
-7%
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