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.
Pending
$498,900
316 N High St, Harrisonburg, VA 22802
6beds
2,384sqft
Single Family Residence
Built in 1920
7,405 Square Feet Lot
$478,200 Zestimate®
$209/sqft
$-- HOA
What's special
Rear alley accessSix bedroomsThermostat replacementNew boilerConvenient off-street parking
- 127 days
- 29
- 0
Zillow last checked:
Listing updated:
Listed by:
Kemper Funkhouser 540-421-3556,
Funkhouser Real Estate Group 540-434-2400
Source: CAAR,MLS#: 676528
Originating MLS: Harrisonburg-Rockingham Area Association of REALTORS
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 3
- Full bathrooms: 2
- 1/2 bathrooms: 1
Heating
- Forced Air, Natural Gas
Cooling
- None
Features
- Basement: Interior Entry,Unfinished
Interior area
- Total structure area: 2,384
- Total interior livable area: 2,384 sqft
- Finished area above ground: 2,384
- Finished area below ground: 0
Property
Features
- Levels: Two
- Stories: 2
Lot
- Size: 7,405 Square Feet
Details
- Parcel number: 35K11
- Zoning description: R-2 Residential
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Stick Built
- Foundation: Stone
Condition
- New construction: No
- Year built: 1920
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Available
Community & HOA
Community
- Subdivision: NONE
HOA
- Has HOA: No
Location
- Region: Harrisonburg
Financial & listing details
- Price per square foot: $209/sqft
- Tax assessed value: $385,700
- Annual tax amount: $3,857
- Date on market: 4/29/2026
- Cumulative days on market: 129 days
Estimated market value
$478,200
$454,000 - $502,000
$2,266/mo
Price history
| Date | Event | Price |
|---|---|---|
| 6/27/2026 | Pending sale | $498,900$209/sqft |
Source: | ||
| 4/30/2026 | Listed for sale | $498,900-9.3%$209/sqft |
Source: | ||
| 12/1/2025 | Listing removed | $550,000$231/sqft |
Source: | ||
| 5/13/2025 | Listed for sale | $550,000+98.2%$231/sqft |
Source: | ||
| 9/30/2024 | Listing removed | $750 |
Source: Zillow Rentals Report a problem | ||
| 9/17/2024 | Listed for rent | $750 |
Source: Zillow Rentals Report a problem | ||
| 9/12/2024 | Listing removed | $750 |
Source: Zillow Rentals Report a problem | ||
| 8/26/2024 | Listed for rent | $750+7.1% |
Source: Zillow Rentals Report a problem | ||
| 10/21/2023 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 9/15/2023 | Listed for rent | $700+77.2% |
Source: Zillow Rentals Report a problem | ||
| 8/1/2019 | Listing removed | $395 |
Source: Rocktown Realty, LLC Report a problem | ||
| 5/17/2019 | Price change | $395-14.1% |
Source: Rocktown Realty, LLC Report a problem | ||
| 5/6/2019 | Price change | $460-83.3% |
Source: Rocktown Realty, LLC Report a problem | ||
| 11/21/2018 | Listed for rent | $2,748$1/sqft |
Source: Riner Rentals Student Report a problem | ||
| 11/1/2016 | Sold | $277,500$116/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | -- | $385,700 |
| 2024 | $3,896 +5.2% | $385,700 |
| 2023 | $3,703 +58% | $385,700 +53.1% |
| 2022 | $2,344 +3.3% | $252,000 |
| 2021 | $2,268 | $252,000 |
| 2020 | -- | $252,000 |
| 2019 | $2,167 +1.2% | $252,000 |
| 2018 | $2,142 +68.7% | $252,000 +43.6% |
| 2017 | $1,269 | $175,500 |
| 2016 | $1,269 | $175,500 -0.5% |
| 2015 | $1,269 | $176,300 +2.1% |
| 2014 | -- | $172,700 -5.9% |
| 2012 | -- | $183,600 -4.4% |
| 2011 | -- | $192,000 |
| 2010 | -- | $192,000 +1.1% |
| 2009 | -- | $190,000 +1.5% |
| 2008 | -- | $187,200 +14.8% |
| 2007 | -- | $163,100 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: Collicello Corridor
Nearby schools
Schools provided by the listing agent
- Elementary: Waterman
- Middle: Thomas Harrison
- High: Harrisonburg
Source: CAAR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.








