The Hills Northview is a 120-unit, 480-bed, value-add, purpose-built student housing community located just 0.1 miles from James Madison University in Harrisonburg, VA, where enrollment has grown by 9.7 percent over the past decade to over 22,879 students in Fall 2024.
Completed in 1991 and recently renovated with over $1.7 million in capital improvements, the property offers spacious four-bedroom, two-bath apartments with modern finishes, premium upgrades, and extensive community amenities including a fitness center, study lounges, and outdoor recreation areas.
Currently 99 percent occupied for the 2025-26 school year, the property benefits from JMU’s steady enrollment growth, strong market fundamentals, and proximity to dining, retail, and campus transit lines.
With 60 percent of units already upgraded and generating a premium, a new owner has the opportunity to further enhance value by renovating the remaining classic units.