29 Broad ST & 29 1/2, Martinsville, VA 24112 (MLS# 908996)

$181,500
29 Broad ST & 29 1/2
Martinsville, VA 24112
MLS# 908996

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Property Description
Unique downtown Martinsville investment opportunity. Featuring four residential spaces and eleven commercial spaces across the two buildings. All residential spaces are currently rented and producing income. 29 Broad Street also currently has a tenant leasing one of the commercial spaces at that location. Several other commercial lease opportunities exist at both locations for future income potential.

Details
Maps
General Property Description
Multi-Family Type: Other - See Remarks
Construction Status: Completed
Total Acreage: 0.44
# Furnished: 0
# Unfurnished: 4
# Leased Units: 4
Gross Bldg SQFT: 5807
Basement Y/N: No
Water Class: N/A
Parking Description: Private (10 or More)
Gross Income: 34800
Year Built: 1935
Number of Units: 4
Operating Expense: 9500
Net Operating Income: 25300
Location, Tax & Legal
Major Area: 13 - City of Martinsville
Unit #: & 29 1/2
Phase: 0
Lot: 0
Block: 0
Tax ID: 33(03)N/33
Annual Taxes: 1225
Section: 0
Zoning Code: C-UB
POA Y/N: No
Area: 1300 - City of Martinsville
Street Number: 29
Street Name: Broad
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: Various, per GPS
Limited Service
Not Limited Service: 1
Construction
Brick: 1
Wood: 1
Basement
Crawl Space: 1
Heating
Radiator Oil Heat: 1
Misc Features
Current Lease: 1
Cooling
Ductless: 1
Window Unit(s): 1
Water Description
Public: 1
Sewer Description
Public Sewer: 1
Owner Expenses
Electricity: 1
Gas: 1
Water: 1
Tenant Expenses
None: 1
Contract Information
Current Price: $181,500
Sold Price: $181,500
List Date: 2024-07-03
Status: Closed
Status Change Info
Ratified Contract Dt: 2024-07-26
Sold Date: 2024-08-15
Sold Price: $181,500
Property Features
Limited Service: Not Limited Service
Construction: Brick; Wood
Basement: Crawl Space
Heating: Radiator Oil Heat
Cooling: Ductless; Window Unit(s)
Water Description: Public
Sewer Description: Public Sewer
Owner Expenses: Electricity; Gas; Water
Misc Features: Current Lease
Tenant Expenses: None
Listing Office: MKB, REALTORS®

Last Updated: May - 11 - 2026

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