Renovated 8-Unit Apartment
New
For Sale
$649,000
1300 Spruce Street, Martinsville, VA 24112
COMMERCIAL - Martinsville, VA
Property Size5,040 SF
Lot Size0.80 Acres
Price / SF$128.77
Days on Market2
Property Features for 1300 Spruce Street
General Information
Property type
Commercial Sale
Property subtype
Other
Bathrooms
8
Rooms
Bathroom 8, Bathroom 3, Bathroom 2, Bathroom 5, Bathroom 6, Bathroom 7, Bathroom 4, Bathroom 1
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 7
Last Checked: Aug 7 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 apartments and two 1-bedroom, 1-bath apartments. The 5,040-square-foot property was built in 1929 and has been recently renovated. Each apartment is separately metered for water and electricity, while garbage pickup is included. Parking is available on the property.
The building occupies 0.801 acres at 1300 Spruce Street in Martinsville, Virginia. Shopping is nearby, and the property provides access to the bypass connecting toward Greensboro and Roanoke. The unit mix and individually metered utilities provide a clearly defined multifamily configuration for continued residential use.
The building occupies 0.801 acres at 1300 Spruce Street in Martinsville, Virginia. Shopping is nearby, and the property provides access to the bypass connecting toward Greensboro and Roanoke. The unit mix and individually metered utilities provide a clearly defined multifamily configuration for continued residential use.
Key Highlights
- 8‑unit apartment building with six 2‑bedroom units and two 1‑bedroom units
- 5,040‑square‑foot building on 0.801 acres
- Recently renovated; original construction dates to 1929
Property Analytics
Property Profile
Current Use
Lease Details
8
Residential units
Location Intelligence
Trade Area within ½ mile
252
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 individually metered water and electric service.
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; 5,040‑square‑foot building on 0.801 acres; Recently renovated; original construction dates to 1929
