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    Spencer, VA
    Multifamily

    Spencer, VA Multifamily Properties for Sale

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    Stoneville, NC Martinsville, VA Sandy Ridge, NC Stuart, VA Critz, VA Fieldale, VA Patrick Springs, VA Mayodan, NC
    Mixed-Use Commercial Property
    Updated: Jul 6
    Mixed-Use Commercial Property

    43 Old Well Rd, Spencer, VA 24165

    $2,500,000
    2,115 sqft
    High‑visibility mixed‑use property on Rt. 58 with convenience store and in‑store caf area
    Gas station infrastructure with two 10,000‑gallon fuel tanks; tanks were recently re‑certified (certification every 3 years)
    Residential income includes 3 apartments: one 3BD/1BA owner‑occupied unit plus two 1BD/1BA rental units
    Separate brick home with 2BD/1BA, enclosed porch, and its own private driveway
    One well and two septic systems servicing the property
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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 7 Potential Opportunities for your consideration. Besides 1 Active listings in Spencer, VA, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 2 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Mixed-Use Property with Workshop
    Mixed-Use Property with Workshop

    610 South Memorial Boulevard, Martinsville, VA 24112

    Contact for pricing
    3,318 sqft

    Includes a garage/workshop and two apartments within a commercial mixed-use property.

    View details
    House and Mobile Home Park
    House and Mobile Home Park

    44 Joyful Lane, Bassett, VA 24055

    $299,000
    1,150 sqft

    Includes a house plus an established mobile home park in Bassett, VA, with seller-reported monthly cash flow.

    View details
    House and Mobile Home Park
    House and Mobile Home Park

    44 Joyful Lane, Bassett, VA 24055

    $299,000

    House and established mobile home park with monthly cash flow.

    View details
    Updated Multifamily Property
    Updated Multifamily Property

    551 Dillard Street, Martinsville, VA 24112

    Contact for pricing

    Recent interior upgrades and utility improvements support rental readiness.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Commercial Land with Small Building
    Commercial Land with Small Building

    342 Morehead Avenue, Ridgeway, VA 24148

    $188,000
    252 sqft 2.68 AC lot

    Commercial parcel with an existing small building and single bathroom.

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    Commercial Land Near Retail Anchor
    Commercial Land Near Retail Anchor

    342 Morehead Avenue, Ridgeway, VA 24148

    $188,000
    2.68 AC lot

    Commercial land along Morehead Avenue with potential for several small-business uses.

    View details

    Spencer, VA Multifamily Properties Market Trends and Statistics

    Explore 1 multifamily properties for sale in Spencer, VA on our real estate platform. These investment opportunities span a total of 2,115 square feet of properties for sale, with an estimated market value of $2,500,000.

    Sale prices for multifamily properties in Spencer, VA average $2,500,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Triplexes 1

    Demographics Overview

    Population 1,633
    Population Growth (5Y) +21.0%
    Median Household Income $62,206
    College Educated 8.5%

    High-Yield Neighborhoods for Investment

    Identify Spencer submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    24165 $1.4M

    Taxes & Financing

    Tax Rate (average for all types) 0.60%
    Property Tax per SF $1.23 per SF
    Tax Rate vs County Average 0.01 pp below county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Henry County

    New Delisted

    Total CRE Inventory on Market (SF)

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    Most Searched ZIP Codes in Spencer, VA

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