600 & 620 Norwood St, Harrisonburg, VA, 22801
About This Home
Mid-size apartment buildings in Harrisonburg like this don’t hit the market very often! Located in the center of Harrisonburg, just off the I81 interchange and E Market Street, these units are within a few minute drive to restaurants, retail, grocery and entertainment. 600 and 620 Norwood Street offer 15 total, fully leased, units and are in an area of traditionally higher rental demand. Each unit is 1 bed, 1 bath and 500 +/- sq feet. With long-lasting brick construction and current rents below market rate, there is room to add value and own long-term income producing multifamily property. In addition, owner will also be installing a new roof prior on 600 Norwood Street prior to closing, which will help limit future capital expenses. Don’t miss this great investment opportunity!
Getting Around
Very Walkable
Some Transit
BikeableSchools
Construction
Condition
- Year built: 1980
Materials
- Foundation: Brick/Mortar
- Roof: Composition,Shingle
- Construction materials: Brick
Type & Style
- Home type: MultiFamily
- Property subType: Condominium,Multi Family,Apartment
Interior
Appliances
- Laundry features: None
Bedrooms & Bathrooms
- Bedrooms: 1
- Bathrooms: 1
Heating & Cooling
- Heating features: Baseboard
- Cooling features: Window Unit(s),Wall Unit(s)
Interior Area
- Total interior livable area: 8,256 sqft
Property
Details
- Parcel number: 027 S 40 43, 027 S 45A 46
- Attached to another structure: Yes
- Zoning description: R-3 Multifamily Residential
Lot
- Lot size: 0.42 Acres
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Lightning
- Strong Wind
- Winter Weather
How This Home’s Risks Compare
FEMA Declared Disasters Across Virginia Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $7,963 | $95,556 |
| Home Insurance * | $381 | $4,572 |
| Property Taxes | $971 | $11,652 |
| Electricity | $795 | $9,542 |
| Total | $10,110 | $121,320 |
Income You'd Need if You Spent...
Virginia FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-07-06 | Listed for sale | $1,574,800 |
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