$239,000
$20K PRICE DROP

427 Fourth St Shenandoah, VA 22849

Estimated payment $1,297/month

Total Views 2,693
-- Bed
-- Bath
2,020 Sq Ft
$118 Price per Sq Ft

About This Home

Prime investment opportunity in the heart of Shenandoah! This well-located duplex offers immediate income potential with access to one of the Shenandoah Valleys most steadily growing rental markets. Two separate rental units perfect for live-in, rent out, short term rentals or fully leased long term tenants. Both units offer separate entrances, private living spaces and flexible layouts that appeal to tenants. Low property taxes & affordable utilities make an efficient high yield property. Multifamily properties are rare at this price!

Listing Agent

Kelly Breeden

Nest Realty Harrisonburg License #0225245157 Listed on: 11/20/2025

Nest Realty Harrisonburg

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $518

Year Built

  • Built in 1937

Lot Details

  • 4,792 Sq Ft Lot

Home Design

  • 2,020 Sq Ft Home
  • Duplex
  • Block Foundation

Schools

  • Shenandoah Elementary School
  • Page Middle School
  • Page High School

Utilities

  • Window Unit Cooling System
  • Heat Pump System

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 102A3 1 I 17A

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$518

Year Built

Built in 1937

Lot Details

0

Listing Details

  • Property Type: Residential
  • Parcel Number: 102A3 1 I 17A
  • Property Sub Type: Duplex
  • LotSizeAcres: 0.11
  • Road Frontage Type: Public Road
  • Subdivision Name: NONE
  • PropertySubTypeAdditional: Multi Family
  • Special Features: None

Interior Features

  • Living Area: 2020.0

Exterior Features

  • Disclosures: Seller Disclosure
  • Foundation Details: Block

Utilities

  • Heating: Heat Pump
  • Utilities: Cable Available
  • Sewer: Public Sewer
  • Cooling: Window Unit(s)
  • Heating Yn: Yes
  • Water Source: Public

Schools

  • Elementary School: Shenandoah
  • Middle Or Junior School: Page

Lot Info

  • Zoning Description: R Residential

Rental Info

  • Owner Pays: None

Building Info

  • Year Built: 1937

Tax Info

  • Year: 2025
  • Tax Annual Amount: 518.0

Multi Family

  • Number Of Units Total: 2

MLS Schools

  • HighSchool: Page

Map

Range of Values:

--
Value Increase
--
Percent Increase
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Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/01/2025 12/01/25 Price Changed $239,000 0.0% $118 / Sq Ft
12/01/2025 12/01/25 For Sale $239,000 -7.7% $118 / Sq Ft
11/20/2025 11/20/25 For Sale $259,000 +91.9% $128 / Sq Ft
08/16/2024 08/16/24 Sold $135,000 -9.9% $67 / Sq Ft View Prior Sale
06/15/2024 06/15/24 Pending -- -- --
06/12/2024 06/12/24 For Sale $149,900 -- $74 / Sq Ft
Source: Harrisonburg-Rockingham Association of REALTORS®

Source: Harrisonburg-Rockingham Association of REALTORS®

MLS Number: 671286

Harrisonburg-Rockingham Association of REALTORS®