$210,000
SOLD NOV 22, 2024

216 College St Martinsville, VA 24112

-- Bed
4 Baths
3,270 Sq Ft
0.58 Acres

Recently Sold

$64 Per Sq Ft

16% Below List Price

107 Days on Market

Highlights

  • Wood Flooring
  • Window Unit Cooling System
  • Baseboard Heating

About This Home

As of November 2024

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.

Last Agent to Sell the Property

Carrie Kendrick

KW Martinsville Brokerage Phone: 2767887653 License #0225263657 Listed on: 08/05/2024

KW Martinsville

Last Buyer's Agent

Non Member Office

Non Member Office

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1930

Lot Details

  • 0.58 Acre Lot

Home Design

  • Composition Roof
  • Aluminum Siding

Interior Spaces

  • 4 Bathrooms
  • 3,270 Sq Ft Home
  • 2-Story Property

Flooring

  • Wood
  • Carpet
  • Laminate

Unfinished Basement

  • Partial Basement
  • Exterior Basement Entry

Parking

  • Driveway
  • Open Parking

Utilities

  • Window Unit Cooling System
  • Baseboard Heating
  • Gas Water Heater

Community Details

  • Martinsville Subdivision

Listing and Financial Details

  • Total Actual Rent $31,440

Property Details

Home Type

Multi-Family

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Subdivision Name: Martinsville
  • Building Stories: 2
  • Year Built: 1930
  • Attribution Contact: 2767887653
  • Special Features: None
  • Stories: 2

Interior Features

  • Appliances: Gas Water Heater
  • Has Basement: Exterior Entry, Partial, Unfinished
  • Fireplace Features: Electric
  • Flooring: Carpet, Laminate, Wood
  • Living Area: 3270

Exterior Features

  • Construction Type: Aluminum Siding
  • Roof: Composition

Garage/Parking

  • Open Parking: Yes
  • Parking Features: Paved Drive

Utilities

  • Cooling: Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Baseboard, Other
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Utilities On
  • Water Source: Public

Lot Info

  • Lot Size Sq Ft: 25221.24

Multi Family

  • Total Actual Rent: 31440

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/27/2025 02/27/25 Price Changed $289,900 -9.4% $61 / Sq Ft
02/01/2025 02/01/25 For Sale $319,900 +52.3% $68 / Sq Ft
11/22/2024 11/22/24 Sold $210,000 -16.0% $64 / Sq Ft
08/05/2024 08/05/24 For Sale $249,900 -- $76 / Sq Ft
Source: Martinsville, Henry & Patrick Counties Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Cait Willard

    Seller's Agent in 2025

    Cait Willard

    KW Martinsville

    (276) 345-8934

    20 Total Sales

    Cait Willard
    Section Image
  • Carrie Kendrick

    Seller's Agent in 2024

    Carrie Kendrick

    KW Martinsville

    (440) 339-0204

    50 Total Sales

    Carrie Kendrick
    Section Image

  • N

    Buyer's Agent in 2024

    Non Member Office

    Non Member Office

See All Agents

Map

Source: Martinsville, Henry & Patrick Counties Association of REALTORS®

MLS Number: 141835

Virginia Martinsville County Martinsville 24112

216 College St, Martinsville, VA

This home is located at 216 College St, Martinsville, VA 24112 and is currently priced at $210,000, approximately $64 per square foot. This property was built in 1930. 216 College St is a home located in Martinsville City with nearby schools including Albert Harris Elementary School, Martinsville Middle School, and Martinsville High School.

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