Listing provided courtesy of KLINE & CO. REAL ESTATEMLS# 677355MLS Provider
  • 41 days on site
  • 1 views

Unique investment opportunity featuring a recently approved change of use for multifamily-assisted living operations for the next two years. Situated on 4.48 scenic acres in Augusta County, this former assisted living facility offers exceptional flexibility for investors, operators, or housing providers seeking residential care, senior housing, transitional housing, or multifamily potential. The property includes approximately 8,156 SF across four buildings with 14 residential units, including: 6 private rooms with half baths 7 private rooms with full baths 1 private apartment for onsite management or owner occupancy Additional features include: Full Generator Commercial-grade kitchen Large communal dining and gathering areas Laundry/shower facilities Private office space Two detached 3-bay garage buildings Furnishings included Property has been maintained since prior assisted living closure and presents significant value-add and operational potential for the right buyer.

Source: Charlottesville/Augusta/Harrisonburg-Rockingham MLS, MLS#: 677355

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  • Property Type
    Commercial Sale
  • Lot
    4.48 acres

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Lori Parker

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  • Median Age
    43
  • Population Density
    425
  • College Educated
    34%
  • Estimated Median Income
    $50,570
  • Estimated Total Home Owners
    8,910
  • Estimated Total Renters
    4,345
  • Owner / Renter Divide
    67% / 33%
  • Estimated Average Household Size
    2
  • Total Population
    31,800
  • Community data courtesy of LiveBy, Inc.

Owning this Home

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$ %
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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

Life at 8 RAINBOW LN


Schools


School data courtesy of LiveBy, Inc.
Ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating. The schools displayed on this website are for informational purposes only and may not represent a complete or up-to-date list. School assignments are subject to change and should be verified directly with the local school district. Please contact the appropriate school district to confirm school zoning and enrollment eligibility for this property.

History

Date Event Value Agent
5/20/2026Source: Charlottesville/Augusta/Harrisonburg-Rockingham MLS Added to Database
May 20, 2026