402 S College St
Martinsville, VA 24112
2
Bed
1
Bath
843Sqft
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
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Bedroom Information
Total beds: 2Bathroom Information
Total Baths: 1 Full Baths: 1Room Information
Has Basement: Yes Basement: Dirt Floor -
Flooring Information
Vinyl -
Interior Features
Ceiling Fan(s) Appliances: Microwave -
Heating & Cooling
Has Heating: Yes Heating: Natural Gas, Forced Air Has Cooling: Yes Cooling: Central Air, Ceiling Fan(s)
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Building Information
Year Built: 1940 Building Area Total: 843 Construction Materials: Aluminum Siding Patio And Porch Features: Front Porch, Porch, Covered Private Pool: No
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Lot Information
Lot Dimensions: 4256 Lot Description: Sloped Down, LevelProperty Information
Subdivision: N/A Source Property Type: Residential MLS Area Minor: 1300 - City of Martinsville Property SubType: Single Family Residence Levels: One Property Age: 86
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Listing Price Information
Listing Price: $109950
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Tax Information
Parcel Number: 42 (18 )00 /09A Tax Lot: 0 Tax Block: 0 Annual Tax: $924
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School Information
Elementary School: Other - See RemarksJunior High School: Other - See RemarksSenior High School: Other - See Remarks -
Location Information
Direction: From downtown Martinsville, take College St to 402 College St. Property on right. WaterSource: Public
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 6303 Coopers Mountain Rd, Martinsville, VA, 24112 | $289,777 | 4 | 2 | 1,869 | 0.89 Acre |
| 620 Varley Ln, Martinsville, VA, 24112 | $419,900 | 2 | 2 | 1,305 | 19.18 Acres |
| 620 Varley Lane, Martinsville, VA, 24112 | $419,900 | 2 | 2 | 1,304 | 19.18 Acres |
| 2030 Mount Olivet Rd, Martinsville, VA, 24112 | $334,900 | 4 | 4 | 2,929 | 1.50 Acres |
| 1512 Snow Creek Rd, Martinsville, VA, 24112 | $264,900 | 3 | 1 | 1,616 | 11.10 Acres |
| 123 Pebble Rd, Martinsville, VA, 24112 | $199,900 | 3 | 2 | 1,167 | 0.40 Acre |
| 707 Auburn Pl, Martinsville, VA, 24112 | $98,900 | 3 | 1 | 1,209 | 0.60 Acre |
| 925 Mulberry Rd, Martinsville, VA, 24112 | $350,000 | 5 | 3 | 2,865 | 0.57 Acre |
| 906 Spruce Street, Martinsville, VA, 24112 | $230,000 | 3 | 2 | 2,770 | 0.20 Acre |
| 733 Craig St, Martinsville, VA, 24112 | $164,900 | 2 | 2 | 1,024 | 0.14 Acre |
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ByOwner last updated this listing 09/18/2026 @ 11:44
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