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    Spencer, VA
    Residential Income

    Spencer, VA Residential Income Properties for Sale

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    Stoneville, NC Martinsville, VA Mayodan, NC Sandy Ridge, NC Patrick Springs, VA Fieldale, VA Stuart, VA Bassett, VA
    Mixed-Use Highway Retail & Apartments
    Updated: Jun 11
    Mixed-Use Highway Retail & Apartments

    43 Old Well Rd, Spencer, VA 24165

    $2,500,000
    2,115 sqft 1.02 AC lot
    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
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    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    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.

    Recreational Land with Creek
    Recreational Land with Creek

    770 Westland Dr, Martinsville, VA 24112

    $280,000
    78.58 AC lot

    Secluded 78-acre parcel with mature hardwoods, clearings, and Horsepasture Creek along the rear.

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    Duplex Income Property
    Duplex Income Property

    12/14 Dunlap Street, Martinsville, VA 24112

    $34,900
    936 sqft 0.10 AC lot

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

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    Bassett, VA Income Property
    Bassett, VA Income Property

    44 Joyful Lane, Bassett, VA 24055

    $328,000
    1,150 sqft

    House and established mobile home park with cash flow.

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    House and Mobile Home Park
    House and Mobile Home Park

    44 Joyful Lane, Bassett, VA 24055

    $328,000

    House and established mobile home park with monthly cash flow.

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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.

    3-Acre Lot Near US-58
    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
    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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    Ridgeway Land Close to Shopping
    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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    Sandy Ridge Land: Build Your Dream
    Sandy Ridge Land: Build Your Dream

    1056 Stephens Trail Road, Sandy Ridge, NC 27046

    $250,000
    11.03 AC lot

    11+ acres in Sandy Ridge with well and driveway.

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    Spencer, VA Residential Income Properties Market Trends and Statistics

    Explore 1 residential income 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 residential income 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

    Multifamily properties 1
    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 $2.5M

    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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