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Multifamily Property with Storage Units
For Sale
$575,000

29 Broad Street, Martinsville, VA 24112

Income-producing multifamily complex with 15 on-site storage units.

Property Size19,166 SF
Price / SF$30
Days on Market207

Property Features for 29 Broad Street

General Information

Standard status Active
Size 19,166 SF
Property subtype MultiFamily / Apartment
Net Operating Income $26,364

Taxes and HOA fees

Annual Taxes $3,144

Amenities

True
Window Unit(s), Ductless, Yes
Radiator Oil Heat, Yes
0.0
No
Vinyl Siding

Building Details

Year Built 1935
Listing Agency: KEYSTONE REALTY OF ROANOKE LLC
Listed By: JESSICA NEZBETH · License #0225264043
Source: Compass
Added: Feb 11 Changed: Aug 22 Last Checked: Aug 14 at 7:57AM

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 KEYSTONE REALTY OF ROANOKE LLC

Investment Insights

Based on property information with market context.

29 Broad Street is an income-producing multifamily complex presented with an established rental history. The property is described as well-maintained and includes 15 storage units that can support additional on-site revenue.

The seller notes the property’s convenience to downtown, employment, and local amenities, which is intended to support stable occupancy. This offering can also be purchased as part of a package deal that includes 402 College St, 612 E Church St, and 216 College St.

Key Highlights

  • Multifamily complex built in 1935
  • Includes 15 on‑site storage units that can provide additional income
  • Gas service available

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Parking Lot & Garage Storage Facility Kitchen & Bath Showroom HVAC Service Auto Parts Store (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.

Location Intelligence

Trade Area within ½ mile

1,056
Businesses Nearby

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

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 - Income-producing multifamily complex with 15 on-site storage units.
Where is this apartment building located?
The property is located at 29 Broad Street Martinsville, VA.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: Multifamily complex built in 1935; Includes 15 on‑site storage units that can provide additional income; Gas service available
More about this property
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