Salem VA Multi Family for Sale
$550,000
2213 BAILEY Ave Salem, VA 24153
- Type:
- Multi-Family
- Sq.Ft.:
- n/a
- Status:
- NEW LISTING
- Beds:
- n/a
- Lot size:
- 0.42 Acres
- Year built:
- 1973
- Baths:
- MLS#:
- 912357
- Subdivision:
- Shamrock
ADDITIONAL INFORMATION
Offering for sale this multifamily opportunity right in the heart of Salem. This Quadplex spans 3,848, each unit has 2 beds, 1.5 baths, full basement ad private decks. Updates include new kitchen cabinets, new tub/surrounds, new toilets, and new HVAC. With proximity to key amenities and local conveniences, this multifamily opportunity represents a solid addition to any investment portfolio. Resent roll and further details available.
$275,000
115 DALEWOOD Ave Salem, VA 24153
- Type:
- Multi-Family
- Sq.Ft.:
- n/a
- Status:
- NEW LISTING
- Beds:
- n/a
- Lot size:
- 0.36 Acres
- Year built:
- 1998
- Baths:
- MLS#:
- 912356
- Subdivision:
- Mason Creek
ADDITIONAL INFORMATION
Offering for sale this brick duplex located in Salem, VA. Both units are fully occupied and are 2 bedroom, 1.5 bathroom layouts with spacious interiors. Each unit also features an unfinished basement, providing ample storage or potential for future expansion. Recent updates include HVAC system and freshly built back decks that both units has access to. This property offers great investor our house back opportunity.
$350,000
623 S COLORADO St Salem, VA 24153
- Type:
- Multi-Family
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.14 Acres
- Year built:
- 1985
- Baths:
- MLS#:
- 912175
- Subdivision:
- N/A
ADDITIONAL INFORMATION
This beautifully renovated duplex in the heart of Salem offers modern updates throughout, providing an ideal investment opportunity in a prime area. Each unit features 2 bedrooms and 1 bath, perfect for tenants or owner-occupants alike. Located within walking distance to downtown Salem, Roanoke College, the Salem Civic Center, and Salem Red Sox stadium, this property ensures convenient access to local amenities and entertainment. Perfect for generating passive income in a desirable area. Schedule your showing today!
$375,000
1926 E MAIN St Salem, VA 24153
- Type:
- Multi-Family
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.95 Acres
- Year built:
- 1909
- Baths:
- MLS#:
- 911186
- Subdivision:
- N/A
ADDITIONAL INFORMATION
1926 has 5 units all 1 bd & 1 bath : #1 Vacant, #2 rented $560 M-T-M, #3 Vacant, #4 Vacant, #5 rented $640 lease ends 1/14/25,1928 E. Main has 1 rented $ 670, lease ends 4/11/25 1 bd, 1 bath. property will be shown by appointment on Wednesday, September 25th. Text LA to schedule.
$309,000
811 MONTVUE Rd Salem, VA 24153
- Type:
- Multi-Family
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.78 Acres
- Year built:
- 1930
- Baths:
- MLS#:
- 906081
- Subdivision:
- N/A
ADDITIONAL INFORMATION
Attention investors! This fantastic listing presents an incredible opportunity to own two beautifully renovated properties at 811 and 812 Montvue Rd. Both homes have been tastefully remodeled and enjoy a history of successful tenancy, offering immediate rental income. The properties boast exceptional potential for continued rental income. Don't miss out on this prime opportunity! Come see today and secure your investment in this thriving neighborhood. Both properties share the same water meter.
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Salem Real Estate
The median home value in Salem, VA is $260,300. This is higher than the county median home value of $241,200. The national median home value is $338,100. The average price of homes sold in Salem, VA is $260,300. Approximately 58.82% of Salem homes are owned, compared to 31.12% rented, while 10.06% are vacant. Salem real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Salem real estate agent to arrange a tour today!
Salem, Virginia 24153 has a population of 25,335. Salem 24153 is more family-centric than the surrounding county with 26.99% of the households containing married families with children. The county average for households married with children is 25.61%.
The median household income in Salem, Virginia 24153 is $66,472. The median household income for the surrounding county is $66,472 compared to the national median of $69,021. The median age of people living in Salem 24153 is 40.8 years.
Salem Weather
The average high temperature in July is 86.5 degrees, with an average low temperature in January of 26.1 degrees. The average rainfall is approximately 41.6 inches per year, with 15.5 inches of snow per year.