216 College ST, Martinsville, VA 24112 (MLS# 931175)


$247,950
216 College ST
Martinsville, VA 24112
MLS# 931175



216 College Front
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216 College Front 216 College side entrances Unit 5 Front unit 5 living room Unit 5 Kitchen unit 5 unit 5 bathroom Unit 3 front unit 3 living room unit 3 kitchen unit 3 bedroom unit 3 bathroom unit 3 bedroom 2 unit 3 laundry

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.

Details
General Property Description
Multi-Family Type: Apartments
Construction Status: Completed
Total Acreage: 0.58
Present Use: Built-As
# Furnished: 0
# Unfurnished: 5
# Leased Units: 4
Gross Bldg SQFT: 3270
Basement Y/N: Yes
Water Class: N/A
Parking Description: Private (1 - 9)
Gross Income: 0
Year Built: 1930
Number of Units: 5
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
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: 1
Construction
Vinyl: 1
Basement
Other - See Remarks: 1
Heating
Baseboard Electric: 1
Baseboard Gas: 1
Cooling
None: 1
Water Description
Public: 1
Sewer Description
Public Sewer: 1
Water Heater Type
Tank: 1
Water Heater Energy
Natural Gas: 1
Owner Expenses
Other - See Remarks: 1
Tenant Expenses
Other - See Remarks: 1
Contract Information
Current Price: $247,950
List Price: $247,950
List Date: 2026-09-08
Status: Active
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 - 09 - 2026

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