NicholePowell

402 S College St, Martinsville, VA 24112

$109,950
  • 402 S College St, Martinsville, VA 24112 Main Photo
New to the Market Active
BEDS2 BATHS1 full SQUARE FEET843 MLS#931176
STATUSActive PROPERTY TYPEResidential - Single Family

Property 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.

402 S College St | MLS# 931176

This single family home located at 402 S College St, Martinsville, VA 24112 is currently listed for sale with an asking price of $109,950. This property was built in 1940 and has 2 bedrooms and 1 full baths with 843 sq. ft. Search Martinsville real estate on www.nicholeatthelake.com today.

Property Features

Property Type: Residential - Single Family
Basement: Yes
Cooling: Central Air
Heating: Forced Air Gas
Home Style: Cottage
Taxes: $924
Year Built: 1940

Amenities

Ceiling Fan(s)

Feature Descriptions

Appliances: Microwave Oven (Built In)
Days on Site: 2
Exterior: Aluminum Siding
Floor: Luxury Vinyl Plank
Lot: Sloped Down, Level
Porch: Front Porch, Covered Porch
Sewer: Public Sewer
Water: Public

Listed By / Shown By

Listed By

Agency Name: KEYSTONE REALTY OF ROANOKE LLC

Shown By

Agent Name: Nichole Powell
Agent Phone: (540) 588-5400
Agency Title: MKB, REALTORS

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Estimated Payment

$ 353.77 per month $244.70 Principal & Interest $77.00 Property Tax $32.07 Homeowner's Insurance

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Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 09/11/2026. The listing information on this page last changed on 09/11/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Fri 09/11/2026 6:41:57 AM EST) or Roanoke Valley MLs (last updated Thu 09/10/2026 11:23:29 PM EST). Real estate listings held by brokerage firms other than MKB, REALTORS may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.
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