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Paul
$575,000
29 Broad ST Martinsville, VA 24112 MLS# 924340
1 / 1
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. This complex also has 15 storage units that can add additional income. 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 216 College St.
Details
Maps
General Property Description
Multi-Family Type: Apartments
Construction Status: Completed
Total Acreage: 0.44
# Furnished: 0
# Unfurnished: 0
# Leased Units: 10
Gross Bldg SQFT: 9168
Basement Y/N: No
Water Class: N/A
Parking Description: Public
Gross Income: 59400
Year Built: 1935
Number of Units: 21
Operating Expense: 33036
Net Operating Income: 26364
Location, Tax & Legal
Major Area: 13 - City of Martinsville
Phase: 0
Lot: 0
Block: 0
Tax ID: 33 (03 )N /33
Annual Taxes: 3144
Section: 0
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: From downtown Martinsville, take Broad St to 29 Broad St. Property on right.
Limited Service
Not Limited Service: 1
Construction
Vinyl: 1
Heating
Radiator Oil Heat: 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
Expenses
Management Exp: 495
Maintenance Exp: 195
Tax Exp: 262
Insurance Exp: 416
Electric Exp: 453
Gas Exp: 453
Water Exp: 453
Contract Information
Current Price: $575,000
List Price: $575,000
List Date: 2026-01-30
Status: Active
Property Features
Limited Service: Not Limited Service
Construction: Vinyl
Heating: Radiator Oil Heat
Cooling: Ductless; Window Unit(s)
Water Description: Public
Sewer Description: Public Sewer
Owner Expenses: Electricity; Gas; Water
Tenant Expenses: None
Listing Office: KEYSTONE REALTY OF ROANOKE LLC
Last Updated: February - 15 - 2026
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