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Jonesville Multifamily Investment Opportunity

151 Martin Street Jonesville, VA 24263

For Sale

$389,000

MULTI_FAMILY - Other - Jonesville, VA

Property size:

3,520 SF

Lot size:

0.46 Acres

Price / SF:

$110/SF

For Sale

$389,000

MULTI_FAMILY - Other - Jonesville, VA

Property size:

3,520 SF

Lot size:

0.46 Acres

Price / SF:

$110/SF

Added:: Apr 20, 2026
Days on Market:: 84
Last Refresh:: Jul 12 at 5:06 am

Property Features for 151 Martin Street

General Information

Property type: Residential Multi Family
Property subtype: Other
Zoning: R2
Bedrooms: 7
Bathrooms: 4
Rooms: Bedroom 1, Bedroom 7, Bathroom 4, Bathroom 3, Bedroom 5, Bedroom 4, Bedroom 3, Bedroom 2, Bathroom 1, Bedroom 6, Bathroom 2
Standard status: Active
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), Baseboard, Heat Pump (Heating)
Cooling system: Window Unit(s)
Water source: Public

Building Details

Year built: 1949
Floors in Building: 2
Number of units: 8
Flooring type: Vinyl, Laminate, Carpet
Building materials: Brick, Vinyl Siding
Roof type: Shingle
Architectural style: Other

Listing agent Amy Hubbard License #0225229270

Listing office ReMax Mountain 504 Shawnee Ave E, Big Stone Gap, VA

Listing date Apr 20, 2026

MLS# 9994170 Listing URL

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 multi-unit apartment building, situated on almost 0.46 acres in Jonesville, presents an investment opportunity. The property comprises eight units: three 2-bedroom units and five 1-bedroom units. Each apartment is approximately 900 square feet. The units could be converted to all 2-bedroom apartments with the addition of one wall, according to the listing. The building has mature landscaping and is connected to town water and sewer. The property is zoned R2. The building size is 3,520 square feet. The property is located in Lee County.

Key Highlights

Multi‑unit apartment building with 8 total units on almost 1/2 acre in Jonesville
Unit mix: 3 two‑bedroom units and 5 one‑bedroom units; all apartments are same size (about 900 SF each)
Potential to convert units to all 2‑bedroom layouts, with addition of one wall (buyer to verify)

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

For sale
Apartment buildings
VA
Jonesville
24263
151 Martin Street

What type of property is this?

Apartment building - Multi-unit apartment building with eight units on almost half acre.

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: Multi‑unit apartment building with 8 total units on almost 1/2 acre in Jonesville; Unit mix: 3 two‑bedroom units and 5 one‑bedroom units; all apartments are same size (about 900 SF each); Potential to convert units to all 2‑bedroom layouts, with addition of one wall (buyer to verify)

151 Martin Street Jonesville, VA 24263

MULTI_FAMILY - Other - Jonesville, VA

Property Features for 151 Martin Street

General Information

Taxes and HOA fees

Utilities

Building Details

Investment Insights

Key Highlights

Property Analytics

Current Use by Public Records

Suggested Use

FAQs