8-Unit Renovated Apartment
For Sale
$649,000
1300 Spruce Street, Martinsville, VA 24112
Commercial Sale, Martinsville, VA
Property Size5,040 SF
Lot Size0.80 Acres
Price / SF$128.77
Days on Market21
Property Features for 1300 Spruce Street
General Information
Property type
Commercial Sale
Property subtype
Other
Bathrooms
8
Rooms
Bathroom 5, Bathroom 1, Bathroom 7, Bathroom 6, Bathroom 2, Bathroom 4, Bathroom 3, Bathroom 8
Subdivision
Druid Hills
Standard status
Active
Size
5,040 SF
Lot size
0.80 Acres
Building Details
Year built
1929
Floors in Building
2
Listing Agency:
Piedmont Realty
(276) 403-1114
Listed By:
Lee Clark
(276) 403-1700
Added: Aug 6
Changed: Aug 20
Last Checked: Aug 26 at 7:06AM
MLS# 150462
Copyright © 2026 Martinsville, Henry, Patrick Counties Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 8-unit apartment building contains six 2-bedroom, 1-bath residences and two 1-bedroom, 1-bath residences. The property was built in 1929 and has been recently renovated, with 5,040 square feet on approximately 0.801 acres. Each unit is separately metered for water and electricity, while garbage pickup is included in rent.
The property is located at 1300 Spruce Street in Martinsville, Virginia, with access to shopping and the bypass routes toward Greensboro and Roanoke. On-site parking serves the apartment building.
The property is located at 1300 Spruce Street in Martinsville, Virginia, with access to shopping and the bypass routes toward Greensboro and Roanoke. On-site parking serves the apartment building.
Key Highlights
- 8‑unit apartment building with six 2‑bedroom units and two 1‑bedroom units
- All 8 units have 1 bath; water and electric are individually metered
- Recently renovated 5,040‑square‑foot building on 0.801 acres
Property Analytics
Property Profile
Current Use
Lease Details
8
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
238
Businesses Nearby
Explore this area
Business Placement
Demographics for 24112, VA
30,978
Population
15,999
Households
1.9
Avg Household Size
48
Median Age
19%
College-Educated
86%
High-School Grad
151.3 sq mi
ZIP Area
205
Density / Sq Mi
$47,059
Median Household Income
$34,100
Median Earnings
$770
Median Rent
$119,200
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Recently renovated multifamily property with separate water and electric metering and on-site parking.
Where is this apartment building located?
The property is located at 1300 Spruce Street Martinsville, VA.
What is the asking price?
The asking price for this property is $649,000.
What are key features of this property?
This property features: 8‑unit apartment building with six 2‑bedroom units and two 1‑bedroom units; All 8 units have 1 bath; water and electric are individually metered; Recently renovated 5,040‑square‑foot building on 0.801 acres
