Discover an exceptional investment opportunity in the heart of Martinsville! This multi-family property offers steady passive income with five units, featuring a mix of one-bedroom and two-bedroom apartments. The property is a great income-generating asset with four of the five units currently occupied, providing immediate cash flow and investment stability. One unit is recently available, offering potential for increased revenue. Ample off-street parking is available, enhancing tenant satisfaction and accessibility. The property includes a partial basement and a walk-up attic. This building represents a promising investment with its steady income stream, strong potential for appreciation and strategic location in a thriving market. Don't miss the chance to add this high-potential asset to your portfolio. One of the owners is a Licensed Virginia Real Estate Agent.
Sold for $60,000
$60,000
216 College St, Martinsville, VA 24112
--beds
--baths
3,270sqft
Multi Family
Built in 1930
-- sqft lot
$-- Zestimate®
$18/sqft
$908 Estimated rent
Home value
Not available
Estimated sales range
Not available
$908/mo
Zestimate® history
Owner options
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$908/mo
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$908/mo
Rent Zestimate®
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$294/mo
Est. payment
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$294/mo
Est. payment
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Zillow last checked:
Listing updated:
Listed by:
Carrie Kendrick,
KW Martinsville
Bought with:
Non Member Office
Non Member Office
Source: MVMLS,MLS#: 141835
Facts & features
Interior
Interior area
- Total structure area: 3,270
- Total interior livable area: 3,270 sqft
Property
Features
- Stories: 2
Details
- Parcel number: 000778200
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Condition
- Year built: 1930
Community & HOA
Community
- Subdivision: Martinsville
Location
- Region: Martinsville
Financial & listing details
- Price per square foot: $18/sqft
- Tax assessed value: $180,100
- Annual tax amount: $1,357
- Date on market: 1/16/2025
- Total actual rent: 600
Price history
| Date | Event | Price |
|---|---|---|
| 5/25/2026 | Listing removed | $247,950$76/sqft |
Source:  RVAR #924339 Report a problem | ||
| 5/3/2026 | Price change | $247,950-5%$76/sqft |
Source: RVAR #924339 Report a problem | ||
| 3/26/2026 | Price change | $261,025-5%$80/sqft |
Source: RVAR #924339 Report a problem | ||
| 3/23/2026 | Price change | $274,7500%$84/sqft |
Source: RVAR #924339 Report a problem | ||
| 3/14/2026 | Price change | $274,8500%$84/sqft |
Source: RVAR #924339 Report a problem | ||
| 3/6/2026 | Price change | $274,9000%$84/sqft |
Source: RVAR #924339 Report a problem | ||
| 2/15/2026 | Listed for sale | $275,000-5.1%$84/sqft |
Source: RVAR #924339 Report a problem | ||
| 7/30/2025 | Listing removed | $289,900$89/sqft |
Source: MVMLS #144465 Report a problem | ||
| 4/7/2025 | Listed for sale | $289,900$89/sqft |
Source: MVMLS #144465 Report a problem | ||
| 3/12/2025 | Pending sale | $289,900$89/sqft |
Source: MVMLS #144465 Report a problem | ||
| 2/27/2025 | Price change | $289,900-9.4%$89/sqft |
Source: MVMLS #144465 Report a problem | ||
| 2/1/2025 | Listed for sale | $319,900+433.2%$98/sqft |
Source: MVMLS #144465 Report a problem | ||
| 11/22/2024 | Sold | $60,000-76%$18/sqft |
Source: MVMLS #141835 Report a problem | ||
| 8/5/2024 | Listed for sale | $249,900$76/sqft |
Source: MVMLS #141835 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,357 +128.4% | $180,100 +200.2% |
| 2024 | $594 | $60,000 |
| 2023 | $594 +14.3% | $60,000 +20% |
| 2022 | $520 | $50,000 |
| 2021 | $520 -2.1% | $50,000 |
| 2020 | $531 | $50,000 |
| 2019 | -- | $50,000 |
| 2018 | $531 | $50,000 |
| 2017 | $531 | $50,000 |
| 2016 | $531 | $50,000 |
| 2015 | $531 | $50,000 |
| 2014 | $531 | $50,000 |
| 2013 | -- | $50,000 |
| 2012 | -- | $50,000 |
| 2011 | -- | $50,000 |
| 2010 | -- | $50,000 |
Find assessor info on the county website
Neighborhood: 24112
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Nearby schools
GreatSchools rating
- 3/10Albert Harris Elementary SchoolGrades: K-5Distance: 0.7 mi
- 4/10Martinsville Middle SchoolGrades: 6-8Distance: 0.4 mi
- 4/10Martinsville High SchoolGrades: 9-12Distance: 1.2 mi
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- Virginia
- Martinsville City
- Martinsville
- 24112
- 216 College St
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