Renovated 8-Unit Apartment
For Sale
$625,000
79 Ridgemont Circle, Collinsville, VA 24078
MULTI_FAMILY - Collinsville, VA
Property Size6,300 SF
Price / SF$99.21
Days on Market139
Property Features for 79 Ridgemont Circle
General Information
Property type
Residential Multi Family
Property subtype
Other
Subdivision
Collinsville
Standard status
Active
Size
6,300 SF
Building Details
Year built
1984
Floors in Building
2
Listing Agency:
Southern Virginia Properties
(276) 299-2166
Listed By:
Elle Wilk
(276) 299-2166
Added: Mar 20
Changed: Aug 3
Last Checked: Aug 5 at 7:06PM
MLS# 149946
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.
This 8-unit apartment property contains eight one-bedroom, one-bath residences within a 6,300-square-foot building constructed in 1984. Recent improvements include luxury vinyl plank flooring, refreshed paint, updated fixtures, and some appliances. The roof was replaced in 2022-2023, according to the previous owner. A laundry room is part of the property but is not currently operational.
The property is located in the Collinsville area of Henry County, Virginia. Schools, shopping, a hospital, and two colleges are within 10 miles. Roanoke is approximately a 45-minute drive north, Greensboro, North Carolina, is about one hour south, and Danville, Virginia, is roughly 30 minutes east. One unit was vacant at the time of the listing.
The property is located in the Collinsville area of Henry County, Virginia. Schools, shopping, a hospital, and two colleges are within 10 miles. Roanoke is approximately a 45-minute drive north, Greensboro, North Carolina, is about one hour south, and Danville, Virginia, is roughly 30 minutes east. One unit was vacant at the time of the listing.
Key Highlights
- 8‑unit apartment property with one bedroom and one bath per unit
- 6,300‑square‑foot building constructed in 1984
- Renovations include luxury vinyl plank flooring, fresh paint, new fixtures, and some appliances
Property Analytics
Property Profile
Current Use
Lease Details
8
Residential units
Location Intelligence
Trade Area within ½ mile
30
Businesses Nearby
Explore this area
Business Placement
Demographics for 24078, VA
7,062
Population
3,323
Households
2.1
Avg Household Size
41
Median Age
24%
College-Educated
85%
High-School Grad
6.9 sq mi
ZIP Area
1,023
Density / Sq Mi
$51,579
Median Household Income
$33,260
Median Earnings
$725
Median Rent
$122,300
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Apartment building - One-bedroom residences feature updated flooring, paint, fixtures, and select appliances in a private Henry County setting.
Where is this apartment building located?
The property is located at 79 Ridgemont Circle Collinsville, VA.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: 8‑unit apartment property with one bedroom and one bath per unit; 6,300‑square‑foot building constructed in 1984; Renovations include luxury vinyl plank flooring, fresh paint, new fixtures, and some appliances
