402 S College ST, Martinsville, VA 24112

$104,950
Property Type: Residential Bedrooms: 2 Baths: 1 Square Footage: 843 Status: Active
Current Price: $104,950 List Date: 9/09/2026 Last Modified: 11/02/2026

Overview

Description

Appraised @ $120,000. Tenant-Occupied, Income-Producing Investment Opportunity in Martinsville Turnkey rental property with established tenant and immediate cash flow at 402 College St in Martinsville, VA. This well-maintained investment offers consistent rental income, efficient operating expenses, and strong long-term upside in a market with proven tenant demand. The property is currently tenant occupied, providing investors with instant income from day one--no vacancy, no leasing delays. Its functional layout and low-maintenance features make it ideal for buy-and-hold investors seeking reliable returns and portfolio stability. Conveniently located near downtown Martinsville, employment centers, shopping, and local amenities, this property benefits from a location that supports ongoing rental demand and stable occupancy. This is an excellent opportunity for both new and experienced investors looking to expand their portfolio with a performing asset.

Listing Details MLS# 931176

Location, Tax & Legal

Area
1300 - City of Martinsville
Street Number
402
Street Direction Pfx
S
Street Name
College
Street Suffix
ST
State/Province
VA
Zip Code
24112
Subdivision
N/A
Municipality
City of Martinsville
Elementary School
Other - See Remarks
Middle School
Other - See Remarks
High School
Other - See Remarks

General Property Description

Property Sub-Type
Single Family Residence
Residential Type
Detached
Construction Status
Completed
Year Built
1940
Total Bdrm
2
Total Bths
Yes
Total F Baths
Yes
Entry Above Grd Fin SQFT
843
Total Fnshd SqFt
843
Total Above Grd Fin SQFT
843
Grand Total Attached SQFT
843
Basement Y/N
Yes
Prim. Covered Prking
N/A
Add'l Covered Prkng
Not Applicable
Uncovered Parking
Off Street Parking
Uncovered # Spaces
Yes
Lot Dimensions
4256
Water Class
N/A

Primary Bedrooms

Primary BR Entry Lvl
Yes

Bedrooms

BR Entry Level
2

Full Baths

Full Baths Entry Lvl
Yes

More Information

Laundry

Laundry Entry Level
Yes

Property Features

Style of House: 1 Story; Cottage Limited Service: Not Limited Service Lot Description: Down Slope; Level Construction: Aluminum Basement: Dirt Floor Heating: Forced Air Gas Cooling: Central Air Interior Features: Ceiling Fan(s) Appliances: Dishwasher; Microwave Oven (Built In); Refrigerator; Range Electric Floors: Luxury Vinyl Plank Porch: Covered Porch; Front Porch Water Description: Public Sewer Description: Public Sewer Water Heater Type: Tank
Listing Office: KEYSTONE REALTY OF ROANOKE LLC
Last Updated: November - 02 - 2026
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