This 8-unit property is located in a lovely quiet neighborhood. Electric heat and central air. All units have separate utility meters. Great investment property! Property is located within the 500 yr flood plain. Per Seller, Seller's insurance company does not require flood insurance. All units are occupied. 24hr notice needed for showings. Monthly expense are dumpster and 1 pole light. Dumpster is through City of Martinsville and is on-call basis. 3BR Rents are $525, 525, 500, and 500. 2BR Rents are 475, 450, 600, 450.
Sold for $560,000
$560,000
765 Indian Trl, Martinsville, VA 24112
--beds
--baths
7,772sqft
Multi Family
Built in 1973
-- sqft lot
$618,600 Zestimate®
$72/sqft
$879 Estimated rent
Home value
$618,600
$526,000 - $730,000
$879/mo
Zestimate® history
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$879/mo
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Zillow last checked:
Listing updated:
Listed by:
Tinsley Brazauskas,
Berry-Elliott, REALTORS,
Nelson Evans,
Berry-Elliott, REALTORS
Bought with:
Cynthia Gammons, 0225099225
Adams Realty,Inc.
Source: MVMLS,MLS#: 141274
Facts & features
Interior
Interior area
- Total structure area: 7,772
- Total interior livable area: 7,772 sqft
Property
Features
- Stories: 2
Details
- Parcel number: 000868100
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Condition
- Year built: 1973
Community & HOA
Community
- Subdivision: Druid Hills
Location
- Region: Martinsville
Financial & listing details
- Price per square foot: $72/sqft
- Tax assessed value: $552,900
- Annual tax amount: $4,165
- Date on market: 1/16/2025
Price history
| Date | Event | Price |
|---|---|---|
| 6/7/2024 | Sold | $560,000$72/sqft |
Source: MVMLS #141274 Report a problem | ||
| 3/21/2024 | Listed for sale | $560,000+40%$72/sqft |
Source: MVMLS #141274 Report a problem | ||
| 10/18/2022 | Sold | $400,000$51/sqft |
Source: MVMLS #138633 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $4,165 +23.7% | $552,900 +62.6% |
| 2024 | $3,366 | $340,000 |
| 2023 | $3,366 +47.2% | $340,000 +54.5% |
| 2022 | $2,287 | $220,000 |
| 2021 | $2,287 -2.1% | $220,000 |
| 2020 | $2,337 | $220,000 |
| 2019 | -- | $220,000 |
| 2018 | $2,337 | $220,000 |
| 2017 | $2,337 | $220,000 |
| 2016 | $2,337 | $220,000 |
| 2015 | $2,337 | $220,000 +10% |
| 2014 | $2,337 | $200,000 |
| 2013 | -- | $200,000 |
| 2012 | -- | $200,000 |
| 2011 | -- | $200,000 -6.7% |
| 2010 | -- | $214,400 |
Find assessor info on the county website
Neighborhood: 24112
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Nearby schools
GreatSchools rating
- 4/10Patrick Henry Elementary SchoolGrades: K-5Distance: 1 mi
- 4/10Martinsville Middle SchoolGrades: 6-8Distance: 1.6 mi
- 4/10Martinsville High SchoolGrades: 9-12Distance: 3.1 mi
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- Virginia
- Martinsville City
- Martinsville
- 24112
- 765 Indian Trl
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