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    166 Martins Ln Madison Heights, VA 24572

    For Sale
    $250,000

    Multi-Family - Madison Heights, VA

    Type:Multi Family
    Lot size:
    0.75 Acres
    Days on Market:
    38
    Last Refresh:
    Dec 7 at 1:06 pm

    Property Features for 166 Martins Ln

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Multi Family
    Standard status
    Active
    Rooms
    Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4
    Bedrooms
    4
    Bathrooms
    2
    Parking features
    Assigned, Paved or Surfaced
    Patio and Porch features
    Patio
    Interior features
    Extra Storage, Utility Room, Balcony/Patio, Dryer Hookup
    Exterior features
    Balcony/Patio
    Appliances
    Dryer, Range, Refrigerator
    Lot size
    0.75 Acres

    Utilities

    Cooling system
    Multi Units, Window Unit(s)

    Building Details

    Year built
    1969
    Flooring type
    Vinyl, Wood
    Building materials
    Brick, Vinyl Siding
    Architectural style
    Other

    EXP REALTY LLC (866) 825-7169 [email protected]

    Listing agent Liz Pino (866) 825-7169

    Listing date Oct 31, 2025

    MLS# 359511 Listing URL

    Copyright © 2025 Lynchburg Virginia MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Turnkey Duplex in Madison Heights

    This turnkey duplex, located on a quiet street in Madison Heights, presents an investment opportunity. The property offers 2,300 finished square feet, featuring a total of 4 bedrooms and 2 bathrooms. The upstairs unit includes 2 bedrooms, 1 full bathroom, an eat-in kitchen, a den/office, and flexible bonus space. The downstairs unit has 2 bedrooms, 1 full bath, an eat-in kitchen, and a living room. Both units feature hardwood floors and updated laminate flooring. The downstairs shower has new tile. Each unit has its own dedicated driveway and separate storage buildings. The property has separate electric meters, water heaters, and laundry for each unit. A shared utility room contains 2 washer/dryer sets. County water is shared, with the monthly bill paid by the owner. Tenants are responsible for all other utilities and expenses. The septic systems were serviced in November 2024. The property is situated on a 0.75-acre lot.
    Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Wholesale Shop Hair Salon Auto Repair Shop Nail Salon Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Madison Heights
    County
    Amherst
    State
    Virginia
    Longitude
    -79.128752
    Latitude
    37.4293143

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    FAQs

    What type of property is this?
    Duplex - Low-maintenance duplex with 4 beds and 2 baths.
    Where is this duplex located?
    The property is located at 166 Martins Ln Madison Heights, VA.
    What is the asking price?
    The asking price for this property is $250,000.
    What are key features of this property?
    This property features: - Turnkey investment opportunity with low-maintenance potential.; - Duplex with 2 units, offering 4 beds and 2 baths across 2,300 sq ft.; - Each unit has separate electric meters, water heaters, laundry, dedicated driveway, and storage building.
    (866) 825-7169
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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
    166 Martins Ln Madison Heights, VA 24572
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