100-Unit Apartment
For Sale
Contact for pricing
Pending
755 Stultz Rd, Martinsville, VA 24112
Multifamily community with varied unit layouts, onsite laundry, and 24-hour emergency maintenance.
Property SizeContact for details
Days on Market143
Property Features for 755 Stultz Rd
General Information
Standard status
Pending
Property subtype
Multifamily
Listing Agency:
SAB Capital
Listed By:
Michael Soleimani · License #NY 10401294940
Source:
Crexi
Added: Apr 12
Changed: Aug 31
Last Checked: Aug 30 at 7:25PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SAB Capital
Investment Insights
Based on property information with market context.
Northview Gardens is a 100-unit apartment community on 8.74 acres, organized across 10 two-story residential buildings and a separate leasing office. The unit mix comprises 21 one-bedroom apartments, 49 two-bedroom apartments, and 30 three-bedroom apartments. Buildings feature crawl space foundations with brick and wood siding exteriors.
Onsite amenities include laundry facilities and 24-hour emergency maintenance. A HAP contract applies to 20% of the units and remains in place through September 2034. Contract rents are below the 2023 FMRs and $145 below the 2022 HUD 140% Median Gross Rent by Zip Code Metrics. The most recent reported REAC inspection was an 83b in November 2019.
Onsite amenities include laundry facilities and 24-hour emergency maintenance. A HAP contract applies to 20% of the units and remains in place through September 2034. Contract rents are below the 2023 FMRs and $145 below the 2022 HUD 140% Median Gross Rent by Zip Code Metrics. The most recent reported REAC inspection was an 83b in November 2019.
Key Highlights
- 100 units across 10 two‑story apartment buildings plus a leasing office
- 8.74‑acre apartment community with 21 one‑bedroom, 49 two‑bedroom, and 30 three‑bedroom units
- HAP contract covers 20% of units through September 2034
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
90
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 - Multifamily community with varied unit layouts, onsite laundry, and 24-hour emergency maintenance.
Where is this apartment building located?
The property is located at 755 Stultz Rd Martinsville, VA.
What are key features of this property?
This property features: 100 units across 10 two‑story apartment buildings plus a leasing office; 8.74‑acre apartment community with 21 one‑bedroom, 49 two‑bedroom, and 30 three‑bedroom units; HAP contract covers 20% of units through September 2034
