402 College ST
$109,950
2 bd 1 ba 843 sqft
402 College ST
Martinsville, VA 24112
Property Type
Residential
Year Built
1940
Lot Size
Garage

About This Property

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.

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.

Property Details

Interior

Bedrooms
2
Bathrooms
1
Living Area
843 sqft

Exterior & Lot

Year Built
1940

Location

Subdivision
N/A
County
City of Martinsville
ZIP Code
24112

Financial

Listing Terms
Annual Taxes
$924

Utilities

Utilities
Sewer
Public Sewer

Schools

Elementary
Other - See Remarks
Middle School
Other - See Remarks
High School
Other - See Remarks

Interior Features

Appliances

Heating

Heat Pump Gas

Cooling

Central Air

Patio & Porch Features

Lot Features

Location

Listing Information

MLS #
924341
Listing Agent
JESSICA TAYLOR NEZBETH
Listing Office
KEYSTONE REALTY OF ROANOKE LLC
Listed Date
May 23, 2026
Brian Deacon
Brian Deacon
Realtor®, Broker

Contact Brian Deacon About This Property

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