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Jonesville Multifamily Investment Opportunity

151 Martin Street, Jonesville, VA 24263

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For Sale

$389,000

MULTI_FAMILY - Other - Jonesville, VA

Property size:

3,520 SF

Lot size:

0.46 Acres

Price / SF:

$110/SF

HighLights

Multi‑unit apartment building on almost 1/2 acre with 8 total units
Unit mix: three 2‑bedroom units and five 1‑bedroom units (all apartments same size, ~900 SF each)
Potential to convert units to all 2 bedrooms with the addition of one wall (conversion details to be verified by buyer)
Town water and public sewer service
Construction includes brick and vinyl siding; roof is shingle
Heating options include heat pump, baseboard, and electric; cooling via window unit(s)

We can help!

Contact an agent

Amy Hubbard

For Sale

$389,000

MULTI_FAMILY - Other - Jonesville, VA

Property size:

3,520 SF

Lot size:

0.46 Acres

Price / SF:

$110/SF

Added:: Apr 20, 2026
Days on Market:: 69
Last Refresh:: Jun 27 at 3:06 pm

Property Features for 151 Martin Street

General Information

Property type: Residential Multi Family
Property subtype: Other
Zoning: R2
Bedrooms: 7
Bathrooms: 4
Rooms: Bedroom 2, Bedroom 3, Bathroom 1, Bedroom 1, Bathroom 2, Bathroom 4, Bedroom 4, Bedroom 7, Bathroom 3, Bedroom 6, Bedroom 5
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: Heat Pump (Heating), Baseboard, Electric (Heating)
Cooling system: Window Unit(s)
Water source: Public

Building Details

Year built: 1949
Floors in Building: 2
Number of units: 8
Flooring type: Carpet, Vinyl, Laminate
Building materials: Brick, Vinyl Siding
Roof type: Shingle
Architectural style: Other

We can help!

Contact an agent

Amy Hubbard

Listing agent Amy Hubbard License #0225229270

Listing office ReMax Mountain 504 Shawnee Ave E, Big Stone Gap, VA

Listing date Apr 20, 2026

MLS# 9994170 Listing URL

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.

HighLights

Multi‑unit apartment building on almost 1/2 acre with 8 total units
Unit mix: three 2‑bedroom units and five 1‑bedroom units (all apartments same size, ~900 SF each)
Potential to convert units to all 2 bedrooms with the addition of one wall (conversion details to be verified by buyer)
Town water and public sewer service
Construction includes brick and vinyl siding; roof is shingle
Heating options include heat pump, baseboard, and electric; cooling via window unit(s)

Overview

This multi-unit apartment building, situated on almost 0.46 acres in Jonesville, presents an investment opportunity. The property comprises eight units: three 2-bedroom units and five 1-bedroom units. Each apartment is approximately 900 square feet. The units could be converted to all 2-bedroom apartments with the addition of one wall, according to the listing. The building has mature landscaping and is connected to town water and sewer. The property is zoned R2. The building size is 3,520 square feet. The property is located in Lee County.

Property Profile Location Intelligence

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Apartment buildings

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Local Demand

City: Jonesville
County: Lee
State: Virginia
Longitude: -83.117352
Latitude: 36.686602

For sale
Apartment buildings
VA
Jonesville
24263
151 Martin Street

What type of property is this?

Apartment building - Multi-unit apartment building with eight units on almost half acre.

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: Multi‑unit apartment building on almost 1/2 acre with 8 total units; Unit mix: three 2‑bedroom units and five 1‑bedroom units (all apartments same size, ~900 SF each); Potential to convert units to all 2 bedrooms with the addition of one wall (conversion details to be verified by buyer)

151 Martin Street, Jonesville, VA 24263

MULTI_FAMILY - Other - Jonesville, VA

Property Features for 151 Martin Street

General Information

Taxes and HOA fees

Utilities

Building Details

We can help!

HighLights

Overview

Current Use by Public Records

Suggested Use

Location Insight

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