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    Spencer, VA
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    Spencer, VA Multifamily Properties for Sale

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    Stoneville, NC Martinsville, VA Mayodan, NC
    Mixed-Use Highway Retail & Apartments
    $2,500,000
    2,115 SF
    Mixed-Use Highway Retail & Apartments

    43 Old Well Rd, Spencer, VA 24165

    High-visibility Rt. 58 property combining a former gas station convenience store, caf area, showroom, and multiple apartments.
    • High‑visibility commercial property on Rt. 58 with highway‑front showroom and sales lot
    • Includes former gas station setup and convenience store with in‑store caf area (currently not selling fuel)
    • Mixed residential income: one 3BR/1BA owner‑occupied apartment plus two 1BR/1BA rental apartments
    • Separate brick home on‑site with 2BR/1BA, enclosed porch, and private driveway
    • Year built: 1950
    Updated: Jun 11
    View details
    Based on your search, we've compiled 9 Potential Opportunities for your consideration. Besides 1 Active listings in Spencer, VA, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 4 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.

    Duplex Income Property
    $34,900
    936 SF
    Duplex Income Property

    Two separate 1 bed, 1 bath units with private living space and potential off-street parking on a manageable lot.

    12/14 Dunlap Street, Martinsville, VA 24112

    View details
    Martinsville Triplex Opportunity
    Contact for pricing
    1,876 SF
    Martinsville Triplex Opportunity

    Triplex with potential in an attractive neighborhood. Selling as-is.

    106 Moss Street, Martinsville, VA 24112

    View details
    Bassett, VA Income Property
    $328,000
    1,150 SF
    Bassett, VA Income Property

    House and established mobile home park with cash flow.

    44 Joyful Lane, Bassett, VA 24055

    View details
    House and Mobile Home Park
    $328,000
    0.00 Acres
    House and Mobile Home Park

    House and established mobile home park with monthly cash flow.

    44 Joyful Lane, Bassett, VA 24055

    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.

    Wooded Corner Lot in Fancy Gap
    Contact for pricing
    0.40 Acres
    Wooded Corner Lot in Fancy Gap

    Wooded corner lot near Blue Ridge Parkway and Fancy Gap.

    Apache Trail lot: 8, Fancy Gap, VA 24328

    View details
    Unrestricted Land Parcel in Surry
    Contact for pricing
    2.13 Acres
    Unrestricted Land Parcel in Surry

    2.13 acre unrestricted land parcel in Surry County, NC.

    00 E Pine Street, Mount Airy, NC 27030

    View details
    Forsyth County Land Auction Opportunity
    Contact for pricing
    0.10 Acres
    Forsyth County Land Auction Opportunity

    Land in Forsyth County offered via online auction.

    1104 Bruce Street, Winston-salem, NC 27107

    View details
    Residential Land in Prime Location
    Contact for pricing
    0.60 Acres
    Residential Land in Prime Location

    Land near shops, entertainment, Hyco Lake, and Reidsville.

    Main Street, Yanceyville, NC 27379

    View details

    Spencer, VA Multifamily Properties Investment Opportunities Market Analysis

    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 start at $2,500,000, averaging $2,500,000, and reaching up to $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%

    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)

    Average Property Price per SF

    For-sale pricing trends across core commercial property types in Henry County

    Retail

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