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8-Unit Apartment Building
For Sale
$389,000

151 Martin Street, Jonesville, VA 24263

MULTI_FAMILY - Other - Jonesville, VA

Property Size3,520 SF
Lot Size0.46 Acres
Price / SF$110.51
Days on Market125

Property Features for 151 Martin Street

General Information

Property type Residential Multi Family
Property subtype Other
Zoning R2
Bedrooms 7
Bathrooms 4
Full bathrooms 4
Rooms Bathroom 2, Bedroom 1, Bedroom 3, Bathroom 3, Bedroom 7, Bedroom 2, Bedroom 5, Bedroom 6, Bathroom 1, Bathroom 4, Bedroom 4
Subdivision Not In Subdivision
Elementary school Jonesville
Middle school Jonesville
High school Lee Co
Directions 58W go through Jonesville, take left on Martin St buildings on left before stop sign
Standard status Active
APN 53a-(7)-45a-50a
Size 3,520 SF
Lot size 0.46 Acres

Taxes and HOA fees

Tax Annual Amount 398

Utilities

Sewer type Public Sewer
Heating system Electric (Heating), Baseboard, Heat Pump (Heating)
Cooling system Window Unit(s)
Water source Public

Building Details

Year built 1949
Floors in Building 2
Number of units 8
Flooring type Laminate, Carpet, Vinyl
Building materials Brick, Vinyl Siding
Roof type Shingle
Architectural style Other
Listing Agency: ReMax Mountain
Listed By: Amy Hubbard · License #0225229270
Added: Apr 20 Changed: Aug 5 Last Checked: Aug 22 at 7:06AM
MLS# 9994170

Copyright © 2026 Tennessee Virginia Regional Multiple Listing Service. 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 includes three two-bedroom units and five one-bedroom units, with all apartments described as the same size. The offering notes the units could be converted to all two-bedrooms with the addition of one wall per unit. Interiors feature a mix of carpet, laminate, and vinyl flooring. Construction materials include brick and vinyl siding, with a shingle roof.

The property sits on 0.46 acres at 151 Martin Street in Jonesville, VA (Lee County). The building is served by public water and public sewer, with garbage pick up described as available. Heating includes baseboard, electric (heating), and heat pump (heating), while cooling is provided via window unit(s).

Built in 1949, the layout includes multiple bedrooms and bathrooms across the unit count provided, with rooms listed as Bedroom 1 through Bedroom 7 and Bathroom 1 through Bathroom 4. Buyers and their agents are encouraged to verify all information and confirm details during due diligence.

Key Highlights

  • 8 total units: 3 two‑bedroom and 5 one‑bedroom
  • 0.46‑acre lot with public water and public sewer
  • 3520 SF property size

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Electrical Service Auto Repair Shop Dental Office Auto Parts Store (Bike/Boat/Book/etc) Store Garden Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

8
Residential units
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

150
Businesses Nearby

Demographics for 24263, VA

5,770
Population
2,975
Households
1.9
Avg Household Size
45
Median Age
19%
College-Educated
90%
High-School Grad
118.7 sq mi
ZIP Area
49
Density / Sq Mi
$40,694
Median Household Income
$36,336
Median Earnings
$619
Median Rent
$106,100
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - Brick and vinyl-sided multifamily with eight units, including three two-bedrooms and five one-bedrooms.
Where is this apartment building located?
The property is located at 151 Martin Street Jonesville, VA.
What is the asking price?
The asking price for this property is $389,000.
What are key features of this property?
This property features: 8 total units: 3 two‑bedroom and 5 one‑bedroom; 0.46‑acre lot with public water and public sewer; 3520 SF property size
More about this property
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