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    402 College ST, Martinsville, VA 24112 (MLS# 924341)

    402 College ST, Martinsville, VA 24112

    $123,456
    Property Type: Residential Bedrooms: 2 Baths: 1 Square Footage: 843 Status: Active
    Current Price: $123,456 List Date: 2/14/2026 Last Modified: 3/26/2026

    Description

    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

    Supplements: stable occupancy. This is an excellent opportunity for both new and experienced investors looking to expand their portfolio with a performing asset. Package opportunity available: Property can be purchased individually or as part of a portfolio including 216 College St, 612 E Church St, and 29 Broad St, offering scale, diversification, and increased cash flow potential. Investment properties with tenants in place and proven income history are in high demand--schedule your showing and secure this opportunity today.

    More Information MLS# 924341

    General Property Description

    Lot Dimensions: 4,256sf Property Sub-Type: Single Family Residence Construction Status: Completed Residential Type: Detached Entry Above Grd Fin SQFT: 843 Upper Above Grd Fin SQFT: 0 Other Above Grd Fin SQFT: 0 Total Fnshd SqFt: 843 Total Above Grd Fin SQFT: 843 Grand Total Attached SQFT: 843 Basement Y/N: Yes Water Class: N/A Total Unfin SQFT: 0 Prim. Covered Prking: N/A Add'l Covered Prkng: Not Applicable Total Cov'd Prk Spc: 0 Year Built: 1940 Total Bdrm: 2 Total Bths: 1 Total F Baths: 1

    Location, Tax & Legal

    Major Area: 13 - City of Martinsville Phase: 0 Lot: 0 Block: 0 Tax ID: 42 (18 )00 /09A Annual Taxes: 924 Section: 0 POA Y/N: No Area: 1300 - City of Martinsville Street Number: 402 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

    Remarks & Misc

    Directions: From downtown Martinsville, take College St to 402 College St. Property on right.

    Style of House

    1 Story: 1

    Limited Service

    Not Limited Service: 1

    Construction

    Vinyl: 1

    Basement

    Dirt Floor: 1

    Heating

    Heat Pump Gas: 1

    Cooling

    Central Air: 1

    Water Description

    Public: 1

    Sewer Description

    Public Sewer: 1

    Appliances

    Dishwasher: 1 Range Electric: 1 Refrigerator: 1

    Floors

    Luxury Vinyl Plank: 1

    Primary Bedrooms

    Primary BR Entry Lvl: 1

    Bedrooms

    BR Entry Level: 2

    Full Baths

    Full Baths Entry Lvl: 1

    Laundry

    Laundry Entry Level: 1

    Contract Information

    Current Price: $123,456 List Price: $123,456 List Date: 2026-01-29 Status: Active

    Property Features

    Style of House: 1 Story Limited Service: Not Limited Service Construction: Vinyl Basement: Dirt Floor Heating: Heat Pump Gas Cooling: Central Air Appliances: Dishwasher; Refrigerator; Range Electric Floors: Luxury Vinyl Plank Water Description: Public Sewer Description: Public Sewer
    Listing Office: KEYSTONE REALTY OF ROANOKE LLC
    Last Updated: March - 26 - 2026
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