Great cash flow with $5,200 gross monthly rent income. Fully occupied by tenants with one year lease. The property offers Three attached apartments (One 2BR/1.5BA, One 2BR/1BA, and One 1BR/1BA) and One detached studio on 1.64 acre lots. Separate electric meters. Tenants pay their own utilities. Great for 1031 exchange investment.
Multi-familyProperty Type
1961Year Built
1.64 acresLot Size
$173Est. Price/Sq.Ft.
Listed by • Cottonwood Commercial LLC
Bought with JOY MARCUM• THE HOGAN GROUP-CHARLOTTESVILLE
Unique opportunity located north of Harrisonburg! Situated on 1.6 acres with a rental dwelling and full in-law suite. Some TLC is needed, sold as-is.
Year
Property tax
Land + Additions
Assessment*
2026
$2,161 (+21.3%)
$40,400 + $221,600
$262,000
2025
$1,782
$40,400 + $221,600
$262,000
2024
$1,782
$40,400 + $221,600
$262,000
2023
$1,782
$40,400 + $221,600
$262,000
2022
$1,782 (+22.3%)
$40,400 + $221,600
$262,000
2021
$1,456
$40,400 + $156,400
$196,800
2020
$1,456
$40,400 + $156,400
$196,800
2019
$1,456
$40,400 + $156,400
$196,800
2018
$1,456 (+2.6%)
$40,400 + $156,400
$196,800
2017
$1,419 (+5.8%)
$40,400 + $156,400
$196,800
2016
$1,342 (+9.4%)
$40,400 + $151,400
$191,800
2014
$1,227
$40,400 + $151,400
$191,800
Tax history for 7690 North Valley Pike
Year
Property tax
Land + Additions
Assessment*
2026
$2,161 (+21.3%)
$40,400 + $221,600
$262,000
2025
$1,782
$40,400 + $221,600
$262,000
2024
$1,782
$40,400 + $221,600
$262,000
2023
$1,782
$40,400 + $221,600
$262,000
2022
$1,782 (+22.3%)
$40,400 + $221,600
$262,000
2021
$1,456
$40,400 + $156,400
$196,800
2020
$1,456
$40,400 + $156,400
$196,800
2019
$1,456
$40,400 + $156,400
$196,800
2018
$1,456 (+2.6%)
$40,400 + $156,400
$196,800
2017
$1,419 (+5.8%)
$40,400 + $156,400
$196,800
2016
$1,342 (+9.4%)
$40,400 + $151,400
$191,800
2014
$1,227
$40,400 + $151,400
$191,800
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Zoning
Beds
3
Baths
3.5
Stories
1.5
Lot width
—
Lot depth
—
Lot size
1.64 Acres
Year renovated
—
Sq. Ft.
2,367
Year built
1961
Style
Single Family Residential
County
Rockingham County
APN
81 1 4
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Sep 21, 2026.
A2
General Agricultural District
The A-2 district is designed to implement the comprehensive plan goals related to the preservation of the county's agricultural industry, economy, and rural character. This is achieved by giving preference to uses that conserve agricultural and forestall land, protect water and air quality, and conserve water and other natural and ecological resources.
Permitted uses
Include but are not limited to:
Agriculture
Equestrian facility
Greenhouse / nursery
Religious facility
Housing-Single unit
Fire house
Police station
Property details
Exterior
Building Information
Foundation Details: Block
Property Information
Property Sub Type: Quadruplex
Property Sub Type Additional: Quadruplex, Multi Family
AboveGradeFinishedAreaSource: Other
Above Grade Unfinished Area Source: Other
BelowGradeFinishedAreaSource: Other
Below Grade Unfinished Area Source: Other
Lot Information
Lot Size Acres: 1.64
Road Frontage Type: Public Road
Financial
Tax Information
Tax Annual Amount: $1,780
Parcel Number: 81-(1)- L4
Tax Year: 2023
Utilities
Utility Information
Utilities: Cable Available
Sewer: Septic Tank
Water Source: Private, Well
Heating & Cooling
Has Cooling
Cooling: Window Unit(s), Wall Unit(s)
Has Heating
Heating: Baseboard, Forced Air
Location
Multi Unit Information
# of Units(Total): 4
Multi Unit Financial Information
Owner Pays: Common Area Maintenance, Insurance, Sewer, Taxes, Water
Unit Type 1 Information
Type: Efficiency
Area: 360
# of Units Total: 1
# of Beds: 1
# of Baths: 1
Unit Type 2 Information
Type: 1 Bedroom
Area: 905
# of Units Total: 1
# of Beds: 1
# of Baths: 1
Unit Type 3 Information
Type: 2 Bedroom
Area: 771
# of Units Total: 1
# of Beds: 2
# of Baths: 2
Unit Type 4 Information
Type: 2 Bedroom
# of Units Total: 1
# of Beds: 2
# of Baths: 1
School Information
Elementary School: Lacey Spring
Middle Or Junior School: J. Frank Hillyard
High School: Broadway
Location Information
Unparsed Address: 7690 NORTH VALLEY PIKE
Directions: Rt 11 North of Harrisonburg
Public facts
Beds: 3
Baths: 3.5
Sq. Ft.: 2,367
Stories: 1.5
Lot Size: 1.64 acres
Style: Single Family Residential
Year Built: 1961
Year Renovated: —
County: Rockingham County
APN: 81 1 4
Home facts updated by county records on Sep 21, 2026
Around this home
Schools
Lacey Spring Elementary School
Public PreK-5 • Assigned • 0.9mi
3/10
J. Frank Hillyard Middle School
Public 6-8 • Assigned • 6.3mi
4/10
Broadway High School
Public 9-12 • Assigned • 5.4mi
6/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
4/10 Fire Factor
1% chance of being in a wildfire in next 30 years
4/10 Heat Factor
7 days above 101° expected this year, 17 days in 30 years
2/10 Wind Factor
1% chance of strong winds in next 30 years
1/10 Air Factor
0 unhealthy days expected this year, 0 days in 30 years
Provided by First Street
Historical weather
Rockingham, VA • 22802
Average low and high temperatures (°F)
38
22
46
27
63
39
71
48
74
53
85
63
88
68
80
61
78
56
68
45
57
38
45
27
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 8.5 hours in
June and 3.8 hours in December, placing it below the
U.S. average for solar exposure.
8.5 hrs
3.8 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$450,000 – $544,000
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