$267,000
Salem, VA 24153
MLS# 931240
1 / 18
Property Description
Don't miss this well-maintained 1925 duplex offering the opportunity to live in one apartment and rent out the other and also immediate income for the savvy investor Ideally situated in the City of Salem, this 2,242 sq. ft. property features two spacious 2 bedroom, 1 bath units 1,178 sq. ft. and 1,066 sq. ft. both currently occupied delivering steady rental income from day one. Each unit comes equipped with a refrigerator, electric range, and additional appliances (range hood/dishwasher in one unit, built-in microwave in the other), along with the comfort of central air and heat pump heating. Tenants are responsible for their own electric and water usage, helping keep ownership costs low, and the property benefits from public water and sewer service. Conveniently located in Salem, this property offers tenants and future owners alike quick access to LewisGale Medical Center and the Salem VA Medical Center, along with Carilion Roanoke Memorial Hospital just minutes away in nearby Roanoke. Outdoor enthusiasts will love the proximity to hiking and biking trails, greenways, and the Roanoke River, plus easy access to the Blue Ridge Parkway and Appalachian Mountains. Salem's walkable, historic downtown offers local restaurants, breweries, and shops, while nearby Roanoke adds museums, arts, and additional urban amenities. This is a low-maintenance addition to any rental portfolio. Conveniently located near South Salem Elementary, Andrew Lewis Middle, and Salem High School.
Details
General Property Description
Multi-Family Type: Duplex
Construction Status: Completed
Total Acreage: 0.08
# Furnished: 0
# Unfurnished: 2
# Leased Units: 2
Gross Bldg SQFT: 2242
Basement Y/N: No
Water Class: N/A
Parking Description: Private (1 - 9)
Gross Income: 16998.17
Year Built: 1925
Number of Units: 2
Operating Expense: 5666.83
Net Operating Income: 22665
Location, Tax & Legal
Major Area: 03 - City of Salem
Phase: 0
Lot: 18
Block: 0
Tax ID: 216-1-1
Annual Taxes: 2511
Section: 17
POA Y/N: No
Area: 0300 - City of Salem
Street Number: 420
Street Name: Front
Street Suffix: AVE
State/Province: VA
Zip Code: 24153
Subdivision: N/A
Municipality: City of Salem
Elementary School: South Salem
Middle School: Andrew Lewis
High School: Salem High
Remarks & Misc
Public Remarks: Don't miss this well-maintained 1925 duplex offering the opportunity to live in one apartment and rent out the other and also immediate income for the savvy investor Ideally situated in the City of Salem, this 2,242 sq. ft. property features two spacious 2 bedroom, 1 bath units 1,178 sq. ft. and 1,066 sq. ft. both currently occupied delivering steady rental income from day one. Each unit comes equipped with a refrigerator, electric range, and additional appliances (range hood/dishwasher in one unit, built-in microwave in the other), along with the comfort of central air and heat pump heating. Tenants are responsible for their own electric and water usage, helping keep ownership costs low, and the property benefits from public water and sewer service.
Conveniently located in Salem, this property offers tenants and future owners alike quick access to LewisGale Medical Center and the Salem VA Medical Center, along with Carilion Roanoke Memorial Hospital just minutes away in nearby Roanoke. Outdoor enthusiasts will love the proximity to hiking and biking trails, greenways, and the Roanoke River, plus easy access to the Blue Ridge Parkway and Appalachian Mountains. Salem's walkable, historic downtown offers local restaurants, breweries, and shops, while nearby Roanoke adds museums, arts, and additional urban amenities.
This is a low-maintenance addition to any rental portfolio. Conveniently located near South Salem Elementary, Andrew Lewis Middle, and Salem High School.
Directions: From Main St turn onto 4th St, to Right onto Eddy Ave, to Left onto Front Ave.
Limited Service
Not Limited Service: 1
Construction
Aluminum: 1
Vinyl: 1
Basement
Crawl Space: 1
Heating
Heat Pump Electric: 1
Misc Features
Current Lease: 1
Cooling
Central Air: 1
Water Description
Public: 1
Sewer Description
Public Sewer: 1
Lease Type
One Year: 1
Month To Month: 1
Owner Expenses
Lawn Care: 1
Management Fee: 1
Interior Features
Ceiling Fan(s): 1
Storage: 1
Tenant Expenses
Electricity: 1
Sewer: 1
Water: 1
Contract Information
Current Price: $267,000
List Price: $267,000
List Date: 2026-09-10
Status: Active
Property Features
Limited Service: Not Limited Service
Construction: Aluminum; Vinyl
Basement: Crawl Space
Heating: Heat Pump Electric
Cooling: Central Air
Water Description: Public
Sewer Description: Public Sewer
Lease Type: One Year; Month To Month
Owner Expenses: Lawn Care; Management Fee
Interior Features: Ceiling Fan(s); Storage
Misc Features: Current Lease
Tenant Expenses: Electricity; Sewer; Water
Listing Office: MAC WESTLAND REAL ESTATE GROUP
Last Updated: September - 10 - 2026
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