Renovated 8-Unit Apartment
New
For Sale
$649,000
1300 Spruce Street, Martinsville, VA 24112
Residential Income, Martinsville, VA
Property Size5,040 SF
Price / SF$128.77
Days on Market2
Property Features for 1300 Spruce Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Subdivision
Druid Hills
Standard status
Active
Size
5,040 SF
Building Details
Year built
1929
Floors in Building
2
Listing Agency:
Piedmont Realty
(276) 403-1114
Listed By:
Lee Clark
(276) 403-1700
Added: Oct 6
Last Checked: Oct 7 at 12:06PM
MLS# 150674
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.
At 1300 Spruce Street, this 5,040-square-foot apartment property contains eight units and has undergone renovation. The mix comprises six two-bedroom, one-bath apartments and two one-bedroom, one-bath apartments. The building dates to 1929 and includes on-site parking.
Each apartment has its own water and electric meter. Refuse collection is included with rent. Shopping and a bypass offering routes toward Greensboro and Roanoke are nearby.
Each apartment has its own water and electric meter. Refuse collection is included with rent. Shopping and a bypass offering routes toward Greensboro and Roanoke are nearby.
Key Highlights
- Eight apartments: six 2‑bedroom, 1‑bath units and two 1‑bedroom, 1‑bath units
- 5,040 square feet; built in 1929
- Renovated apartment building with on‑site parking
Property Analytics
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Current Use
Lease Details
8
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
238
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
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Apartment building - Separate water and electric meters serve each apartment, and refuse collection is included with rent.
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: Eight apartments: six 2‑bedroom, 1‑bath units and two 1‑bedroom, 1‑bath units; 5,040 square feet; built in 1929; Renovated apartment building with on‑site parking
