216 College ST, Martinsville, VA 24112
$247,950
Property Type:
MultiFamily
Lot Size (sq. ft.):
25,265
Status:
Pending
Current Price:
$247,950
List Date:
9/09/2026
Last Modified:
9/26/2026
Overview
Description
Listing Details MLS# 931175
Location, Tax & Legal
- 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
- Major Area
- 13 - City of Martinsville
- Phase
- 0
- Lot
- No
- Block
- No
- Tax ID
- 32 (01 )N /34
- Annual Taxes
- 2184
- Section
- No
- POA Y/N
- No
General Property Description
- Multi-Family Type
- Apartments
- Construction Status
- Completed
- Year Built
- 1930
- Present Use
- Built-As
- Number of Units
- 5
- # Unfurnished
- 5
- # Leased Units
- 4
- Gross Bldg SQFT
- 3270
- Total Acreage
- 0.58
- Basement Y/N
- Yes
- Parking Description
- Private (1 - 9)
- Water Class
- N/A
- # Furnished
- 0
- Gross Income
- 0
Status Change Info
- Ratified Contract Dt
- 2026-09-24
Remarks & Misc
- Public Remarks
- 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.
- Directions
- From downtown Martinsville, take College St to 216 College St. Property on right.
Limited Service
- Not Limited Service
- Yes
More Information
Construction
- Vinyl
- Yes
Basement
- Other - See Remarks
- Yes
Heating
- Baseboard Electric
- Yes
- Baseboard Gas
- Yes
Cooling
- None
- Yes
Water Description
- Public
- Yes
Sewer Description
- Public Sewer
- Yes
Water Heater Type
- Tank
- Yes
Water Heater Energy
- Natural Gas
- Yes
Owner Expenses
- Other - See Remarks
- Yes
Tenant Expenses
- Other - See Remarks
- Yes
Property Features
Limited Service:
Not Limited Service
Construction:
Vinyl
Basement:
Other - See Remarks
Heating:
Baseboard Electric; Baseboard Gas
Cooling:
None
Water Description:
Public
Sewer Description:
Public Sewer
Water Heater Type:
Tank
Water Heater Energy:
Natural Gas
Owner Expenses:
Other - See Remarks
Tenant Expenses:
Other - See Remarks
Listing Office:
KEYSTONE REALTY OF ROANOKE LLC
Last Updated: September - 26 - 2026
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