Spacious 3-Bedroom, 2-Bath Condo in Prime Location – Investor’s Dream! Don’t miss this rare opportunity! This beautifully maintained 3-bedroom, 2-bathroom condominium offers spacious living in a highly sought-after, convenient location. Perfect for investors or homeowners alike, this unit features an open floor plan, ample natural light, and modern finishes throughout. Located just minutes from shopping, dining, public transit, and major highways, it’s ideal for renters or residents seeking accessibility and comfort. Whether you’re expanding your portfolio or buying your first home, this is a smart investment that won’t last long!
Closed
$145,000
40 South Ave APT I, Harrisonburg, VA 22801
3beds
965sqft
Townhouse
Built in 1986
-- sqft lot
$157,600 Zestimate®
$150/sqft
$1,603 Estimated rent
Home value
$157,600
$147,000 - $167,000
$1,603/mo
Zestimate® history
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$867/mo
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Open floor planModern finishesSpacious livingAmple natural light
Zillow last checked:
Listing updated:
Listed by:
Ronald Flores 540-421-2630,
Funkhouser Real Estate Group
Bought with:
Duncan Rutherford, 0225240181
Real Broker LLC
Source: CAAR,MLS#: 666722
Originating MLS: Harrisonburg-Rockingham Area Association of REALTORS
Originating MLS: Harrisonburg-Rockingham Area Association of REALTORSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Central, Heat Pump
Cooling
- Central Air, Heat Pump
Features
- Primary Downstairs
- Has basement: No
- Common walls with other units/homes: 2+ Common Walls
Interior area
- Total structure area: 965
- Total interior livable area: 965 sqft
- Finished area above ground: 965
- Finished area below ground: 0
Property
Features
- Levels: Three Or More,Multi/Split,Tri-Level
- Stories: 3
Details
- Parcel number: 019E 40I
- Zoning description: R-3 Medium Density Residential
Construction
Type & style
- Home type: Townhouse
- Property subtype: Townhouse
- Attached to another structure: Yes
Materials
- Stick Built
Condition
- New construction: No
- Year built: 1986
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Available
Community & HOA
Community
- Subdivision: UNIVERSITY PLACE
HOA
- Has HOA: Yes
- Amenities included: None
- HOA fee: $160 monthly
Location
- Region: Harrisonburg
Financial & listing details
- Price per square foot: $150/sqft
- Tax assessed value: $120,900
- Annual tax amount: $1,212
- Date on market: 7/8/2025
- Cumulative days on market: 20 days
Price history
| Date | Event | Price |
|---|---|---|
| 9/5/2025 | Sold | $145,000+0.1%$150/sqft |
Source:  CAAR #666722 Report a problem | ||
| 7/29/2025 | Pending sale | $144,900$150/sqft |
Source: CAAR #666722 Report a problem | ||
| 7/10/2025 | Listed for sale | $144,900+26%$150/sqft |
Source: CAAR #666722 Report a problem | ||
| 4/19/2023 | Sold | $115,000$119/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | -- | $120,900 +1.4% |
| 2024 | $1,204 +20% | $119,200 +14.1% |
| 2023 | $1,003 +39.9% | $104,500 +35.5% |
| 2022 | $717 +38.3% | $77,100 +33.9% |
| 2021 | $518 | $57,600 |
| 2020 | -- | $57,600 |
| 2019 | $495 +1.2% | $57,600 |
| 2018 | $490 +37.7% | $57,600 +16.6% |
| 2017 | $356 | $49,400 |
| 2016 | $356 | $49,400 |
| 2015 | $356 | $49,400 |
| 2014 | -- | $49,400 -29.6% |
| 2012 | -- | $70,200 |
| 2011 | -- | $70,200 -1.3% |
| 2010 | -- | $71,100 |
| 2009 | -- | $71,100 |
| 2008 | -- | $71,100 -0.3% |
| 2007 | -- | $71,300 |
Find assessor info on the county website
Neighborhood: Central Avenue
Nearby homes
- $145,0003 bd2 ba965 sqft40 South Ave APT B, Harrisonburg, VA 22801Sold
- $159,2003 bd2 ba1k sqft40 South Ave APT F, Harrisonburg, VA 22801Off Market
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- $146,3003 bd2 ba932 sqft40 South Ave APT D, Harrisonburg, VA 22801Off Market
- $152,0003 bd2 ba1k sqft40 South Ave APT G, Harrisonburg, VA 22801Off Market
- $143,2003 bd2 ba932 sqft40 South Ave APT H, Harrisonburg, VA 22801Off Market
- $146,9003 bd2 ba932 sqft40 South Ave APT L, Harrisonburg, VA 22801Off Market
- $154,6003 bd2 ba1k sqft40 South Ave APT J, Harrisonburg, VA 22801Off Market
Nearby schools
GreatSchools rating
- 5/10Keister Elementary SchoolGrades: PK-5Distance: 0.2 mi
- 3/10Thomas Harrison Middle SchoolGrades: 6-8Distance: 1.2 mi
- 2/10Harrisonburg High SchoolGrades: 9-12Distance: 1.5 mi
Schools provided by the listing agent
- Elementary: Keister
- 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.
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- Virginia
- Harrisonburg City
- Harrisonburg
- 22801
- Central Avenue
- 40 South Ave Apartment I
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