316 North High St

About This Home

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.

Timeline of the Sale

1. Apr 29, 2026Listed for $498,900
2. Jun 27, 2026Under contract after 59 days on the market
3. Oct 23, 2026Sold for $500,000

Details

Sold Price

$500,000

Sold Date

Oct 23, 2026

List Price

$498,900

Sold Price vs. List Price

100.2%

Days On Market

59

Price Per Square Foot

$210

Sales Price Rank

#259 of 1,207 in the prior year

Bedrooms

6

Bathrooms

2.5

Square Feet

2,384

Year Built

1920

Lot Size

0.17 acres

Garage

No

Home Type

Detached

MLS #

676528

Schools

• ElementaryWaterman
• MiddleThomas Harrison
• HighHarrisonburg

Location