The Commonwealth Portfolio, Waynesboro, Harrisonburg, Blacksburg, Virginia Beach & Roanoke, VA 23230
Asset Snapshot
1,129 Units
Unit Count
0 SF
Average Unit Size
93%
Occupancy
Offering Summary
Investment Overview
Newmark’s Southern Virginia Multifamily Team is pleased to present The Commonwealth Portfolio, a rare opportunity to acquire scale across Virginia’s most durable multifamily markets. The Portfolio has demonstrated very strong historical performance, with consistently high occupancy, stable collections, rent growth across both new leases and renewals, and steady NOI growth over time. Offered for the first time in 25 years, this institutionally maintained portfolio provides investors with durable in-place cash flow supported by limited near-term capital needs, creating an attractive risk-adjusted yield profile anchored by proven operations and resilient market fundamentals.