Unique downtown Martinsville investment opportunity. Featuring four residential spaces and eleven commercial spaces across the two buildings. All residential spaces are currently rented and producing income. 29 Broad Street also currently has a tenant leasing one of the commercial spaces at that location. Several other commercial lease opportunities exist at both locations for future income potential.
Sold for $181,500
$181,500
29 Broad St, Martinsville, VA 24112
--beds
--baths
5,807sqft
Multi Family
Built in 1935
-- sqft lot
$-- Zestimate®
$31/sqft
$953 Estimated rent
Home value
Not available
Estimated sales range
Not available
$953/mo
Zestimate® history
Owner options
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$953/mo
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$890/mo
Est. payment
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Est. payment
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List your homeWhat's special
Zillow last checked:
Listing updated:
Listed by:
JARROD HINES,
MKB, REALTORS(r)
Bought with:
GRANT COCKRELL, 0225175737
RE/MAX ALL STARS
Source: RVAR,MLS#: 908996
Facts & features
Interior
Heating
- Radiator Oil Heat
Cooling
- Ductless, Window Unit(s)
Features
- Has basement: No
Interior area
- Total structure area: 5,807
- Total interior livable area: 5,807 sqft
Property
Parking
- Parking features: Private (10 or More)
Lot
- Size: 0.44 Acres
- Features: Current Lease
Details
- Parcel number: 33(03)N/33
- Zoning: C-UB
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Brick, Wood
Condition
- Completed
- Year built: 1935
Utilities & green energy
- Electric: 0 Phase
- Sewer: Public Sewer
Community & HOA
Community
- Subdivision: N/A
HOA
- Has HOA: No
Location
- Region: Martinsville
Financial & listing details
- Price per square foot: $31/sqft
- Tax assessed value: $216,400
- Annual tax amount: $1,225
- Date on market: 7/5/2024
- Tenant pays: None
Price history
| Date | Event | Price |
|---|---|---|
| 5/25/2026 | Listing removed | $499,950$86/sqft |
Source:  RVAR #924340 Report a problem | ||
| 5/15/2026 | Price change | $499,950-3.7%$86/sqft |
Source: RVAR #924340 Report a problem | ||
| 5/3/2026 | Price change | $518,925-5%$89/sqft |
Source: RVAR #924340 Report a problem | ||
| 3/26/2026 | Price change | $546,250-5%$94/sqft |
Source: RVAR #924340 Report a problem | ||
| 3/23/2026 | Price change | $574,7500%$99/sqft |
Source: RVAR #924340 Report a problem | ||
| 3/14/2026 | Price change | $574,8500%$99/sqft |
Source: RVAR #924340 Report a problem | ||
| 3/6/2026 | Price change | $574,9000%$99/sqft |
Source: RVAR #924340 Report a problem | ||
| 2/15/2026 | Listed for sale | $575,000+216.8%$99/sqft |
Source: RVAR #924340 Report a problem | ||
| 8/15/2024 | Sold | $181,500$31/sqft |
Source: RVAR #908996 Report a problem | ||
| 7/27/2024 | Pending sale | $181,500$31/sqft |
Source: RVAR #908996 Report a problem | ||
| 7/20/2024 | Price change | $181,500+45.2%$31/sqft |
Source: RVAR #908996 Report a problem | ||
| 7/5/2024 | Listed for sale | $125,000-18.1%$22/sqft |
Source: RVAR #908996 Report a problem | ||
| 2/15/2023 | Sold | $152,586$26/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,630 +17.6% | $216,400 +54.6% |
| 2024 | $1,386 | $140,000 |
| 2023 | $1,386 +11.2% | $140,000 +16.8% |
| 2022 | $1,247 | $119,900 |
| 2021 | $1,247 -2.1% | $119,900 |
| 2020 | $1,273 | $119,900 |
| 2019 | -- | $119,900 |
| 2018 | $1,273 | $119,900 |
| 2017 | $1,273 | $119,900 |
| 2016 | $1,273 | $119,900 |
| 2015 | $1,273 | $119,900 |
| 2014 | $1,273 | $119,900 |
Find assessor info on the county website
Neighborhood: 24112
Nearby homes
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- $483,200-- bd-- ba11k sqft109 Broad St, Martinsville, VA 24112Off Market
- $1,435,500-- bd-- ba50k sqft130 E Church St, Martinsville, VA 24112Off Market
- $1,337,1001 bd1 ba740 sqft50 E Church St, Martinsville, VA 24112Off Market
Nearby schools
GreatSchools rating
- 3/10Albert Harris Elementary SchoolGrades: K-5Distance: 0.8 mi
- 4/10Martinsville Middle SchoolGrades: 6-8Distance: 0.2 mi
- 4/10Martinsville High SchoolGrades: 9-12Distance: 1.3 mi
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- Virginia
- Martinsville City
- Martinsville
- 24112
- 29 Broad St
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