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8-Unit Apartment Building
For Sale
$389,000
Pending

151 Martin Street, Jonesville, VA 24263

Multi Family, Jonesville, VA

Property Size3,520 SF
Lot Size0.46 Acres
Days on Market160

Property Features for 151 Martin Street

General Information

Property type Residential Multi Family
Property subtype Other
Zoning R2
Bedrooms 7
Bathrooms 4
Full bathrooms 4
Rooms Bedroom 3, Bedroom 2, Bedroom 1, Bathroom 3, Bathroom 1, Bathroom 2, Bathroom 4, Bedroom 7, Bedroom 5, Bedroom 4, Bedroom 6
Subdivision Not In Subdivision
Elementary school Jonesville
Middle school Jonesville
High school Lee Co
Directions 58W go through Jonesville, take left on Martin St buildings on left before stop sign
Standard status Pending
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 Electric (Heating), Heat Pump (Heating), Baseboard
Cooling system Window Unit(s)
Water source Public

Amenities

mature landscaping
garbage pick up

Building Details

Year built 1949
Floors in Building 2
Number of units 8
Flooring type Laminate, Vinyl, Carpet
Building materials Brick, Vinyl Siding
Roof type Shingle
Architectural style Other
Listing Agency: ReMax Mountain
Listed By: Amy Hubbard · License #0225229270
Added: Apr 20 Changed: Sep 17 Last Checked: Sep 26 at 11:06AM
MLS# 9994170

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.

Investment Insights

Based on property information with market context.

This multifamily property contains 8 apartments, including 3 two-bedroom units and 5 one-bedroom units. The building was constructed in 1949 and features brick and vinyl siding, shingle roofing, carpet, laminate, and vinyl flooring. Heating is provided by heat pumps, electric systems, and baseboard units, with window-unit cooling. The property occupies 0.46 acres and is zoned R2.

Public water and public sewer serve the building. Mature landscaping and garbage pickup are also noted among the property features. The apartments are located at 151 Martin Street in Jonesville, Virginia, within Lee County. A renter waiting list is associated with the property, and the source information indicates that the units share the same general size and may be reconfigured to add bedrooms with interior modification.

Key Highlights

  • 8 total apartments: 3 two‑bedroom units and 5 one‑bedroom units
  • 0.46‑acre multifamily property zoned R2
  • Public water and public sewer connections

Property Analytics

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Current Use

Apartment buildings

Suggested Use

Top Pick Electrical Service Auto Repair Shop Dental Office Auto Parts Store Garden Center (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

8
Residential units
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

150
Businesses Nearby

Demographics for 24263, VA

5,770
Population
2,975
Households
1.9
Avg Household Size
45
Median Age
19%
College-Educated
90%
High-School Grad
118.7 sq mi
ZIP Area
49
Density / Sq Mi
$40,694
Median Household Income
$36,336
Median Earnings
$619
Median Rent
$106,100
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - Brick and vinyl-sided multifamily property with public water and sewer, mature landscaping, and an established renter waiting list.
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: 8 total apartments: 3 two‑bedroom units and 5 one‑bedroom units; 0.46‑acre multifamily property zoned R2; Public water and public sewer connections
More about this property
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