216 College ST, Martinsville, VA 24112 (MLS# 924339)
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Paul
$275,000
216 College ST Martinsville, VA 24112 MLS# 924339
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Property Description Income producing investment opportunity with established rental history and strong tenant demand. This well-maintained property offers consistent cash flow, efficient operating expenses, and long-term upside. Ideal for buy-and-hold investors or portfolio expansion. Convenient location near downtown, employment, and local amenities supports stable occupancy. A solid investment opportunity in a growing rental market. Property can be bought as a package deal with 402 College St, 612 E Church St and 29 Broad St.
Details
Maps
General Property Description
Multi-Family Type: Apartments
Construction Status: Completed
Total Acreage: 0.58
# Furnished: 0
# Unfurnished: 0
# Leased Units: 5
Gross Bldg SQFT: 3270
Basement Y/N: Yes
Water Class: N/A
Parking Description: Private (1 - 9)
Gross Income: 43560
Year Built: 1930
Number of Units: 5
Operating Expense: 13908
Net Operating Income: 29652
Location, Tax & Legal
Major Area: 13 - City of Martinsville
Phase: 0
Lot: 0
Block: 0
Tax ID: 32 (01 )N /34
Annual Taxes: 2184
Section: 0
POA Y/N: No
Area: 1300 - City of Martinsville
Street Number: 216
Street Name: College
Street Suffix: ST
State/Province: VA
Zip Code: 24112
Subdivision: N/A
Municipality: City of Martinsville
Elementary School: Other - See Remarks
Middle School: Other - See Remarks
High School: Other - See Remarks
Remarks & Misc
Directions: From downtown Martinsville, take College St to 216 College St. Property on right.
Limited Service
Not Limited Service: 1
Construction
Vinyl: 1
Basement
Dirt Floor: 1
Heating
Baseboard Electric: 1
Baseboard Gas: 1
Cooling
None: 1
Window Unit(s): 1
Water Description
Public: 1
Sewer Description
Public Sewer: 1
Water Heater Energy
Electric: 1
Owner Expenses
Management Fee: 1
Water: 1
Tenant Expenses
Electricity: 1
Gas: 1
Water: 1
Contract Information
Current Price: $275,000
List Price: $275,000
List Date: 2026-01-29
Status: Active
Property Features
Limited Service: Not Limited Service
Construction: Vinyl
Basement: Dirt Floor
Heating: Baseboard Electric; Baseboard Gas
Cooling: None; Window Unit(s)
Water Description: Public
Sewer Description: Public Sewer
Water Heater Energy: Electric
Owner Expenses: Management Fee; Water
Tenant Expenses: Electricity; Gas; Water
Listing Office: KEYSTONE REALTY OF ROANOKE LLC
Last Updated: February - 15 - 2026
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