Martinsville, VA Residential income properties for sale

Updated: Oct 6

Renovated 8-Unit Apartment Building

1300 Spruce Street, Martinsville, VA 24112

$649,000

5,040 sqft

Eight apartments: six 2‑bedroom, 1‑bath units and two 1‑bedroom, 1‑bath units
5,040 square feet; built in 1929
Renovated apartment building with on‑site parking
Separate water and electric meters for every apartment
Rent includes garbage pickup

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Updated: Oct 4

Renovated 3-Unit Triplex

845 Hundley Street, Martinsville, VA 24112

$299,000

1,632 sqft

1,632‑square‑foot triplex in Martinsville
Two 2‑bedroom, 1‑bath units and one 1‑bedroom, 1‑bath unit
Washer and dryer provided in each apartment
Individually metered utilities
Renovations include a new deck and updated appliances, including a dishwasher

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Renovated Triplex

917 Askin St, Martinsville, VA 24112

$144,900

2,034 sqft

Three residential units provide a compact multifamily configuration in an RC-zoned property.

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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.

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Multifamily Property with Decks

912 N Royal Dr, Martinsville, VA 24112

$102,000

Bedrooms occupy the second floor, with 1.5 baths provided in each unit.

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Three-Unit Property with Porches

310 Forest Street, Martinsville, VA 24112

Contact for pricing

Three-unit residential property with fireplaces, a porch, and individually noted interior features.

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Multifamily Home with Two Kitchens

106 Moss Street, Martinsville, VA 24112

Contact for pricing

The lower level has two bedrooms, and the property includes a porch and metal roof.

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Residential Income Property

627 Mica, Martinsville, VA 24112

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A wall furnace provides interior heat, with composition exterior construction.

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Based on your search, we've compiled 24 Potential Opportunities for your consideration. Besides 8 Active listings in Martinsville, VA, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 8 Off-Market properties to explore as potential leads, 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.

12-Unit Apartment Portfolio

575 Colonial Hill Dr, Bassett, VA 24055

$895,000

3,176 sqft

Eight-property package combines an apartment building with single-family residences and existing tenant occupancy.

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Mixed-Use Commercial Property

43 Old Well Rd, Spencer, VA 24165

$2,500,000

2,115 sqft

Mixed-use property on Rt. 58 with a convenience store and cafe area, gas station infrastructure, residential units, and a brick home.

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26-Lot Mobile Home Park

15 Spruce Pine Lane, Bassett, VA 24055

$274,900

373,744 sqft

Tenant-owned homes occupy part of the park, which is served by public water and private septic systems.

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Riverfront Campground Property

960 Riverview Road, Spencer, VA 24165

$374,900

10.25 AC lot

Improvements include a cabin, bathhouse, barn, trails and established camping areas.

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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.

Ridgeway Land Close to Shopping

Old Sand Rd, Ridgeway, VA 24148

$55,000

11.84 AC lot

11.84 acres near major roads, suitable for development.

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3-Acre Lot Near US-58

Red Oak Road, Martinsville, VA 24112

Contact for pricing

3.12 AC lot

Residential land for sale near Martinsville, Virginia.

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Fieldale, VA Land Parcel

Lauren Mill Dr, Fieldale, VA 24089

Contact for pricing

0.50 AC lot

Land parcel in Fieldale, VA, perfect for building.

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Unimproved Land in Bassett, VA

Bassett Heights Ext, Bassett, VA 24055

Contact for pricing

0.40 AC lot

Unimproved land with public water access and small creek.

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Off-Market Properties in Martinsville, VA

Consider similar Off-Market properties in Martinsville, VA. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

APARTMENT HOUSE (UNDER 5 UNITS)

721 Snow Crk Rd, Martinsville, VA 24112-8610

Estimated value:

$240,000

1,664 sqft 1.01 AC lot

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Land

1673 Roundabout Rd, Martinsville, VA 24112

Estimated value: by Request

90.00 AC lot

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Land

0 Melody Ln, Martinsville, VA 24112

Estimated value: by Request

54.00 AC lot

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Land

1102 Church St, Martinsville, VA 24112

Estimated value: by Request

4.69 AC lot

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Multifamily properties

Martinsville VA USA William F Stone Hwy, Martinsville, VA 24112

Estimated value: by Request

113.00 AC lot

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Farms

285 Club House Rd, Martinsville, VA 24112

Estimated value: by Request

40.00 AC lot

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Farms

0 Lawson St, Martinsville, VA 24112

Estimated value: by Request

46.00 AC lot

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Land

0 Rich Acres School Rd, Martinsville, VA 24112

Estimated value: by Request

34.00 AC lot

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Martinsville, VA Residential Income Properties Market Trends and Statistics

Explore 16 residential income properties for sale in Martinsville, VA, showcased through 8 active listings on our real estate platform. These investment opportunities span a total of 12,024 square feet of properties for sale, with an estimated market value of $1,194,900.

Sale prices for residential investment properties in Martinsville, VA start at $102,000, averaging $298,725, and reaching up to $649,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

Neighborhood	Average Price
24112	$179.8K

Neighborhood

Average Price

24112

$179.8K

Featured Martinsville Real Estate Agencies

Realmo connects you with licensed Martinsville CRE brokers providing property specifications, local market pricing, and commercial transaction underwriting support.

Berry-Elliott Realtors

18 Starling Avenue Martinsville, VA 24112

Phone: (276) 634-7657

berryelliott.com/

Southern Virginia Properties

P.O. Box 3093 Martinsville, VA

Phone: (276) 299-2166