Great investment, apartments in excellent condition. One rents for 400, one rents for 350, one rents for 225. Two are occupied by tenants that have been renting for approximately three years.
1963Year Built
7,013 sq ftLot Size
$84Est. Price/Sq.Ft.
Listed by • Rives S. Brown REALTOR
Bought with Cathy Spencer• The Spencer Group R.E. & Auction
Source:MHPCAR #114334
Redfin Estimate
$152,284
$122K since sold in November 2008
Recently sold homes
Estimate history
Homes for sale
This home's estimate is 32.7% higher than the average sale price ($115K) of 6 comparable homes.
Great investment, apartments in excellent condition. One rents for 400, one rents for 350, one rents for 225. Two are occupied by tenants that have been renting for approximately three years.
MHPCAR #108104
Sep 13, 2001
Sold
$48,000
$26/sq ft
Jun 27, 2001
Listed
$59,000
$33/sq ft
A/C system in place, but needs repair. See agent fo est. price. Price is for "as is" sale- listed under tax assessment value. See Jean fo keys.
Year
Property tax
Land + Additions
Assessment*
2025
$957 (+28.8%)
$19,500 + $107,500
$127,000
2024
$743
$8,000 + $67,000
$75,000
2023
$743 (−4.8%)
$8,000 + $67,000
$75,000
2022
$780
$8,000 + $67,000
$75,000
2021
$780 (−2.1%)
$8,000 + $67,000
$75,000
2020
$797
$8,000 + $67,000
$75,000
2019
$797
$8,000 + $67,000
$75,000
2018
$797
2017
$797
$8,000 + $67,000
$75,000
2015
$796
$8,000 + $67,000
$75,000
2014
$796 (+4.2%)
$8,000 + $67,000
$75,000
2012
$764
Tax history for 307 Rives Rd
Year
Property tax
Land + Additions
Assessment*
2025
$957 (+28.8%)
$19,500 + $107,500
$127,000
2024
$743
$8,000 + $67,000
$75,000
2023
$743 (−4.8%)
$8,000 + $67,000
$75,000
2022
$780
$8,000 + $67,000
$75,000
2021
$780 (−2.1%)
$8,000 + $67,000
$75,000
2020
$797
$8,000 + $67,000
$75,000
2019
$797
$8,000 + $67,000
$75,000
2018
$797
2017
$797
$8,000 + $67,000
$75,000
2015
$796
$8,000 + $67,000
$75,000
2014
$796 (+4.2%)
$8,000 + $67,000
$75,000
2012
$764
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Property details
Exterior
Exterior Information
Building Type: Apartment
Property Information
Living Sq. Ft: 1,814
# of Stories: 2
Stories Type: 2
Legal Description: FRONT PART LOT 27
Lot Information
# of Buildings: 1
Land Sq. Ft: 7,013
Legal Lot Number: 27
Municipality Name: MARTINSVILLE CITY
Acres: 0.161
Zoning Code: R-N
County Use Description: MULTI-FAMILY
Financial
Assessor Information
Assessment Year: 2025
Public facts
Beds: —
Baths: —
Sq. Ft.: 1,814
Stories: 2.0
Lot Size: 7,013 square feet
Style: Other
Year Built: 1963
Year Renovated: —
County: Martinsville
APN: 000307700
Home facts updated by county records on Jul 23, 2026
Around this home
Schools
Patrick Henry Elementary School
Public K-5 • Assigned • 0.4mi
4/10
Martinsville Middle School
Public 6-8 • Assigned • 0.6mi
4/10
Martinsville High School
Public 9-12 • Assigned • 2.1mi
4/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
5/10 Heat Factor
7 days above 103° expected this year, 18 days in 30 years
3/10 Wind Factor
5% chance of strong winds in next 30 years
2/10 Air Factor
0 unhealthy days expected this year, 1 days in 30 years
Provided by First Street
Historical weather
Martinsville, VA • 24112
Average low and high temperatures (°F)
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79
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71
47
62
41
49
31
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Sun exposure
Try the sun simulator tool to see how light moves across the property at different times of day and year.
Provided by Shadowmap
Estimated sale price
$145,000 – $176,000
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