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    Spencer, VA
    Residential Income

    Spencer, VA Residential Income Properties for Sale

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    Stoneville, NC Martinsville, VA Sandy Ridge, NC Stuart, VA Critz, VA Mayodan, NC Patrick Springs, VA Fieldale, VA
    Riverfront Short-Term Rental Property
    Updated: Nov 11, 2025
    Riverfront Short-Term Rental Property

    960 Riverview Road, Spencer, VA 24165

    $374,900
    10.25 AC lot
    Approximately 350 feet of Mayo River frontage
    A1 zoning on 10.25 acres
    Cabin and bathhouse currently used for Airbnb and VRBO stays
    Large barn constructed and being designed for event venue use
    Well and water supply in place; power extended to camp areas
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    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
    View details
    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 10 Potential Opportunities for your consideration. Besides 2 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.

    Multifamily Property with Storage Units
    Multifamily Property with Storage Units

    29 Broad Street, Martinsville, VA 24112

    $575,000
    19,166 sqft

    Income-producing multifamily complex with 15 on-site storage units.

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    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.

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    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.

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    122-Site RV Park
    122-Site RV Park

    319 T B Stanley Hwy, Bassett, VA 24055

    Contact for pricing
    75.00 AC lot

    Established recreational vehicle park with approved expansion capacity and substantial land area in the Smith River valley.

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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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    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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    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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    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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    Spencer, VA Residential Income Properties Market Trends and Statistics

    Explore 2 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 $2,874,900.

    Sale prices for residential income properties in Spencer, VA start at $374,900, averaging $1,437,450, 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 2
    Short term rental 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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