402 S College ST, Martinsville, VA 24112 (MLS# 931176)


$109,950
402 S College ST
Martinsville, VA 24112
MLS# 931176
2 beds  |  1 baths  |  843 sqft


402 College front
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402 College front 402 College Living Room 402 College Kitchen 402 College bedroom 1 402 College Bathroom 402 College Bedroom 2 402 College Backyard

Property Description
Appraised @ $120,000. Tenant-Occupied, Income-Producing Investment Opportunity in Martinsville Turnkey rental property with established tenant and immediate cash flow at 402 College St in Martinsville, VA. This well-maintained investment offers consistent rental income, efficient operating expenses, and strong long-term upside in a market with proven tenant demand. The property is currently tenant occupied, providing investors with instant income from day one--no vacancy, no leasing delays. Its functional layout and low-maintenance features make it ideal for buy-and-hold investors seeking reliable returns and portfolio stability. Conveniently located near downtown Martinsville, employment centers, shopping, and local amenities, this property benefits from a location that supports ongoing rental demand and stable occupancy. This is an excellent opportunity for both new and experienced investors looking to expand their portfolio with a performing asset.

Details
Maps
General Property Description
Property Sub-Type: Single Family Residence
Residential Type: Detached
Construction Status: Completed
Year Built: 1940
Total Bdrm: 2
Total Bths: 1
Total F Baths: 1
Entry Above Grd Fin SQFT: 843
Total Fnshd SqFt: 843
Total Above Grd Fin SQFT: 843
Grand Total Attached SQFT: 843
Basement Y/N: Yes
Prim. Covered Prking: N/A
Add'l Covered Prkng: Not Applicable
Uncovered Parking: Off Street Parking
Uncovered # Spaces: 1
Lot Dimensions: 4256
Water Class: N/A
Location, Tax & Legal
Area: 1300 - City of Martinsville
Street Number: 402
Street Direction Pfx: S
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
Primary Bedrooms
Primary BR Entry Lvl: 1
Bedrooms
BR Entry Level: 2
Full Baths
Full Baths Entry Lvl: 1
Laundry
Laundry Entry Level: 1
Contract Information
Current Price: $109,950
List Price: $109,950
List Date: 2026-09-08
Status: Active
Property Features
Style of House: 1 Story; Cottage
Limited Service: Not Limited Service
Lot Description: Down Slope; Level
Construction: Aluminum
Basement: Dirt Floor
Heating: Forced Air Gas
Cooling: Central Air
Interior Features: Ceiling Fan(s)
Appliances: Dishwasher; Microwave Oven (Built In); Refrigerator; Range Electric
Floors: Luxury Vinyl Plank
Porch: Covered Porch; Front Porch
Water Description: Public
Sewer Description: Public Sewer
Water Heater Type: Tank

Listing Office: KEYSTONE REALTY OF ROANOKE LLC

Last Updated: September - 09 - 2026

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