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    1322 Spruce Street Ext Martinsville, VA 24112

    Picture of Duplexes at Spruce Street Ext 1322, Martinsville, VA
    For Sale
    $198,900

    Multi-Family - Martinsville, VA

    Type:Multi Family
    Days on Market:
    29
    Last Refresh:
    Dec 8 at 7:06 am

    Property Features for 1322 Spruce Street Ext

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Multi Family
    Standard status
    Active

    Building Details

    Year built
    1955
    Floors in Building
    2
    Architectural style
    Other

    Berry-Elliott Realtors (276) 634-7657 [email protected]

    Listing agent Tinsley Brazauskas (276) 656-1111

    Listing date Nov 10, 2025

    MLS# 144767 Listing URL

    Copyright © 2025 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.

    Overview

    Martinsville Duplex in Druid Hills

    Located in the Druid Hills Subdivision, this duplex presents an investment opportunity with a documented rental history. Each of the two units features 2 bedrooms and 1 bath, complemented by a full unfinished walk-out basement. The property benefits from its proximity to the Druid Hills Shopping Center, various restaurants, the Post Office, and a grocery store. Both units are currently occupied, with rents at $600 and $725. The tenants are operating under month-to-month leases.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Restaurant Realty agency Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Nail Salon Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Martinsville
    County
    Martinsville
    State
    Virginia
    Longitude
    -79.845029
    Latitude
    36.674909

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    FAQs

    What type of property is this?
    Duplex - Duplex in Druid Hills with strong rental history.
    Where is this duplex located?
    The property is located at 1322 Spruce Street Ext Martinsville, VA.
    What is the asking price?
    The asking price for this property is $198,900.
    What are key features of this property?
    This property features: - Strong rental history as an income-producing duplex.; - Two units, each with 2 bedrooms and 1 bath.; - Full, unfinished walk-out basement in each unit.
    (276) 656-1111
    Request Owner's contact information
    1322 Spruce Street Ext Martinsville, VA 24112
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1322 Spruce Street Ext Martinsville, VA 24112
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