29 Broad ST, Martinsville, VA 24112 (MLS# 931851)

$499,950

29 Broad ST
Martinsville, VA 24112
MLS# 931851

1 / 1

Property Description
Appraised @ $530,000 Income producing investment opportunity with established rental history and strong tenant demand. There are 5 dwelling rental units, 1 commercial unit along with 16 storage units 2 are currently rented . The storage units bring additional income to help the cash flow. This property offers 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: 0.44

# Furnished: 0

# Unfurnished: 6

# Leased Units: 6

Gross Bldg SQFT: 9168

Basement Y/N: No

Water Class: N/A

Parking Description: Private (1 - 9)

Gross Income: 0

Year Built: 1935

Number of Units: 6

Location, Tax & Legal

Major Area: 13 - City of Martinsville

Phase: 0

Lot: 0

Block: 0

Tax ID: Tax ID: 33 (03 )N

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

Public Remarks: Appraised @ $530,000 Income producing investment opportunity with established rental history and strong tenant demand. There are 5 dwelling rental units, 1 commercial unit along with 16 storage units 2 are currently rented . The storage units bring additional income to help the cash flow. This property offers 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 Broad St to 29 Broad St. Property on right.

Limited Service

Not Limited Service: 1

Construction

Other - See Remarks: 1

Heating

Radiator Gas Heat: 1

Cooling

Window Unit(s): 1

Water Description

Public: 1

Sewer Description

Public Sewer: 1

Owner Expenses

Electricity: 1

Gas: 1

Water: 1

Tenant Expenses

Other - See Remarks: 1

Contract Information

Current Price: $499,950

List Price: $499,950

List Date: 2026-09-29

Status: Active

Property Features

Limited Service: Not Limited Service

Construction: Other - See Remarks

Heating: Radiator Gas Heat

Cooling: Window Unit(s)

Water Description: Public

Sewer Description: Public Sewer

Owner Expenses: Electricity; Gas; Water

Tenant Expenses: Other - See Remarks

Listing Office: KEYSTONE REALTY OF ROANOKE LLC

Last Updated: September - 29 - 2026

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