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Martinsville, VA Multifamily Homes & Duplexes for Sale

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  • /16

    $64,900

    • 2 Baths
    • 1,400 Sq Ft

    25 Dunlap St, Martinsville, VA 24112

    Unleash your inner investor with this duplex located at 25 Dunlap Street in the heart of Martinsville. Just a short walk to New College Institute, local coffee shops, a gym, and shopping, this property offers both convenience and investment opportunity. This duplex is in fixer-upper condition, ready for renovation and customization to suit your vision. Whether you are a seasoned investor or a

    Felicia Hirshfeld Sarver Properties

    25 Dunlap St, Martinsville, VA 24112
  • /81

    $100,000

    • 2 Baths
    • 1,920 Sq Ft

    1200 Memorial Blvd S, Martinsville, VA 24112

    Investment Opportunity on Memorial Blvd! This property offers both residential and commercial potential on 1.61 acres. The residential building is set up as a triplex: the upper level features 3 bedrooms and 1 bath, the middle level offers 2 bedrooms and 1 bath, and the lower level is designed as a studio apartment. In addition, there is a spacious 4,800 sq. ft. commercial building on site. With

    Felicia Hirshfeld Sarver Properties

    1200 Memorial Blvd S, Martinsville, VA 24112
  • /3

    $60,000

    • 1 Bath
    • 1,012 Sq Ft

    601 Short St, Martinsville, VA 24112

    Calling all investors! This 1 bedroom, 1 bathroom duplex is a fantastic investment opportunity or a great option for someone looking to downsize. With some TLC, it has the potential to truly shine and reflect your personal style. Conveniently located in the city of Martinsville, this property offers endless possibilities. Don't miss your chance—schedule a showing today. All offers are welcome!

    Lindsey Godlove Berry-Elliott, REALTORS

    601 Short St, Martinsville, VA 24112
  • /19

    $260,000

    • 1 Bath
    • 2,214 Sq Ft

    221 Clearview Dr, Martinsville, VA 24112

    Great investment property! 4 - 1BR units, brick building with lots of updates. 3 units are currently occupied. New paint, flooring, new steps and decks on back of building. Large lot with paved parking. Look at the photos - it looks great! 72hrs notice required to show occupied units. 1unit vacant and available for show anytime!

    Tinsley Brazauskas Berry-Elliott, REALTORS

    221 Clearview Dr, Martinsville, VA 24112
  • /2

    $135,000

    • 4 Baths
    • 2,162 Sq Ft

    804 Princeton St, Martinsville, VA 24112

    Investors come see this quadplex featuring great rental opportunity. Conveniently located in Martinsville City. This quadplex offers 2-2 bedroom, 1 bath units and 2 - 1 bedroom, 1 bathroom units. Sqft./lot size est. Information taken from tax assessment and/or seller.

    Penny Elliott The Spencer Group R.E. & Auction

    804 Princeton St, Martinsville, VA 24112
  • /2

    $198,900

    • 2 Baths
    • 2,155 Sq Ft

    1322 Spruce St, Martinsville, VA 24112

    Located in Druid Hills Subdivion, this duplex offers a strong rental history. Each unit has 2 bedrooms and 1 bath and a full unfinished walk-out basement. Close proximity to the Druid Hills Shopping Center, restaurants, Post Office and grocery store. Both units are occupied, Appointment mandatory with 72hrs notice. Rents are $600 and $725. Tenants are on a MTM lease. Excellent Investment

    Tinsley Brazauskas Berry-Elliott, REALTORS

    1322 Spruce St, Martinsville, VA 24112
  • /2

    $198,900

    • 2 Baths
    • 2,156 Sq Ft

    700 Grattan Rd, Martinsville, VA 24112

    Located in Druid Hills Subdivion, this duplex offers a strong rental history. Each unit has 2 bedrooms and 1 bath and a full unfinished walk-out basement. Close proximity to the Druid Hills Shopping Center, restaurants, Post Office and grocery store. Both units are occupied, Appointment mandatory with 72hrs notice. Rents are $600 and $700. Tenants are on a MTM lease. Excellent Investment

    Tinsley Brazauskas Berry-Elliott, REALTORS

    700 Grattan Rd, Martinsville, VA 24112

Why Live in Martinsville

Martinsville, located in southwest Virginia, is a small city known for its blend of urban amenities and rural beauty. The city has a rich history in manufacturing but is now recognized for its growing population, new local businesses, and increasing housing market. Martinsville is home to the Virginia Museum of Natural History, which features award-winning exhibits and educational programs, making it a significant attraction for tourists and locals alike. The Martinsville Speedway hosts NASCAR weekends, and the city celebrates various festivals such as the Rooster Walk music and arts festival and Smith River Fest. Outdoor activities are abundant, with public parks, trails, and the nearby Smith River offering canoeing, kayaking, and fishing. Philpott Lake, located about 20 miles northwest, provides additional outdoor experiences with its expansive wilderness. Martinsville's Uptown district, undergoing revitalization, features brewpubs, cafes, and restaurants, while major shopping centers on Commonwealth Boulevard house national brands like Kroger and Walmart. The city has a strong public education system and offers various community events at the Martinsville Branch Library. Housing options range from affordable manufactured homes and fixer-uppers to larger estates near Lake Lanier. Martinsville is approximately 55 miles from Greensboro, North Carolina, and is accessible via Routes 220 and 58. While crime rates fluctuate around the national average, the city occasionally experiences flooding due to heavy rainfall.

Home Trends in Martinsville, VA

Housing Trends

Median Sale Price
$115,500
Median Single Family Sale Price
$95,250
Average Price Per Sq Ft
$84
Number of Homes for Sale
1
Last 12 months Home Sales
1
Months of Supply
12.00
Median List Price
$75,000
Median Change From 1st List Price
-54%
Median Home Sale Price YoY Change
-35%
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