For sale

402 S College St

Martinsville, VA 24112

$104,950, Reduced $5,000

2beds
1bath
843sq ft
1940built

Listed by Keystone Realty Of Roanoke LLC

About this home.

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.

Facts and features.

The home

Type: House (Single Family Residence)
Style: Cottage
Levels: 1 story

Inside

Basement: Dirt Floor
Appliances: Microwave Oven (Built In), Dishwasher, Electric Range, Refrigerator
Interior features: Ceiling Fan(s)

Outside and lot

Lot setting: Level, Sloped Down

Utilities

Heating: Forced Air Gas
Cooling: Central Air
Water source: Public

Community

HOA dues: None
County: City Of Martinsville County

The listing

Source: Roanoke Valley Association of REALTORS® MLS #931176

Price and status history.

days on market

Date	Event	Price
Oct 21, 2026	Price reduced	$104,950
Oct 21, 2026	Price reduced	$107,500
Oct 12, 2026	Price reduced	$108,000
Oct 6, 2026	Price reduced	$108,500
Sep 30, 2026	Price reduced	$109,000
Sep 8, 2026	Listed for sale	$109,950

Price per square foot

This home$124

Martinsville house median$106

Asking price per finished square foot, compared with the median of 64 houses sold in Martinsville in the last 12 months. 18% above the median.

Location.

402 S College St, Martinsville, VA 24112

Estimate a monthly payment.

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An estimate for planning only. It is not a loan offer or a rate quote, and it leaves out mortgage insurance and closing costs. A lender can give you exact numbers.

Listing information

Listing courtesy of Keystone Realty Of Roanoke LLC.

Displayed by GRAVITY Real Estate Group.

Information last updated Nov 13, 2026, 1:01 PM.

Listing 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 is deemed reliable but is not guaranteed and should be independently verified. Listings are courtesy of the listing brokerage shown with each property.

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