Courtesy: Century 21 South Central Realty
573-729-6121
Here are the key takeaways: • Property type: 6.37-acre multi-purpose, income-producing tract between Salem and Rolla. • Current rentals: Three single-wide mobile homes (1,120–1,216 sq ft; built 1994–2005) with three paying tenants; one unit Section 8 approved. • Utilities: Separate electric meters for each unit; shared well for all units/building. Septic: one unit has its own tank, two share a tank, and the main building has its own tank. • Commercial building: 50x100 structure with office, storefront, storage rooms, bathroom, and workshop with garage door; partial living quarters already in place and convertible to multiple living units. • Site features: 6-foot chain-link fenced backyard area behind the building; ample space for repair/sales business while maintaining rental income. • Income potential: Expandable rental portfolio with mixed-use options (commercial + residential); opportunities to convert building to additional rentals or operate a business on-site. • Call to action: Private showings available.
Courtesy: Platinum Realty of St. Louis
888-220-0988
Turn key 3 unit apartment building for sale. Comes with an extra shop building. All 3 units and the shop are rented out with great tenants. Strong, reliable property management company already in place. 1 (2 bed, 1 bath) unit and 2 (1 bed, 1 bath) units. Tenants pay electric, owner pays water and trash.
Courtesy: Platinum Realty of St. Louis
888-220-0988
Listed at $74,995 - This duplex is ready for a quick sale so you can put your own flavor and tender loving care into the property. Rental property is in high demand, and this duplex could be upgraded quickly to command the higher end of the rental market. This structure has good bones and is built well. The home has two bedrooms per side, living room, bathroom and kitchen. There is a full basement under the entire structure that includes a two-car garage and lots of additional storage available. The home has a central heating system with window unit air conditioning. This Duplex is conveniently located just off the main business district of the city of Salem, Missouri.
Courtesy: THE CLOSERS
573-3403620
Custom-built home on approximately 14.16 acres located just a few miles from Salem. Built in 2015, this property offers approximately 4,275 square feet of living space in the main residence with 5 bedrooms, 3 bathrooms, and a partially finished walkout basement. Interior features include granite countertops, hardwood flooring, ceramic tile, and carpet throughout various areas of the home. Heating and cooling systems include geothermal (closed-loop horizontal trench configuration), forced-air electric, and a wood furnace. The property includes four attached garage spaces at the main residence, along with a fenced backyard area featuring a hot tub. A 40 x 80 metal barn with electric service provides additional storage, workspace, or utility options. A separate detached living space offers approximately 1,712 square feet with 1 bedroom and 1 bathroom, plus an additional bathroom and laundry area located on the lower level. This structure also includes four attached garage spaces, including one approximately 20 x 40 with a wash bay. The acreage offers a combination of residential space, open ground, and functional outbuildings, providing flexibility for a variety of uses. Square footage, measurements, acreage, and all property details to be verified by buyer or buyer’s agent.
Courtesy: Elwood Real Estate LLC
573-7292955
Turnkey Investment Opportunity – 4 Duplexes (8 Units) in Prime Salem Location Excellent opportunity to own four duplexes totaling eight 1,100 sq ft units, each offering 2 bedrooms, 2 bathrooms, and a 1-car garage. Ideally located in the heart of Salem on a high-traffic road, this property combines strong visibility with consistent demand. Four units have road frontage on S. McArthur Street, and four units have road frontage on S. Henderson Street, all sharing a common entrance off Dent Street, providing excellent access and circulation. Currently, four units are occupied by long-term tenants, while the remaining four units operate as successful short-term rentals with Super-host status on Airbnb. These short-term rentals enjoy strong, repeat annual occupancy from Road Rally participants and spectators, as well as fishermen, hunters, hikers, kayakers, and river adventurers. The property is also frequently utilized by contractors working with nearby mines and other large employers, further strengthening year-round demand. All units are equipped with refrigerators, stove, dishwasher, microwave with exhaust fan, and washer/dryer hookups in the laundry room. The Airbnb units are fully furnished, include washers and dryers, and are networked for wireless internet, allowing for seamless short-term rental operations. The location is exceptional—close to shopping, dining, and everyday necessities. The S. McArthur Street units provide front-row views of Salem’s holiday parades, creating added appeal for short-term guests. This central location makes the property ideal for Airbnb/VRBO guests and long-term tenants alike. Low-maintenance and income-producing, this property is a rare opportunity to own a diversified, turnkey investment in a high-demand area.
Courtesy: Century 21 City Connections
573-885-2121
Calling all Investors -- the potential here is worth noting! Take advantage of this rare opportunity in Salem, Missouri complete with 4 units and a low vacancy rate. This is a great opportunity to grow your portfolio in a city that only continues to thrive and expand. Owner expenses include management, maintenance, water/sewer and lawn care. If you have a vision, the bones here are strong and ready for you to bring it to life! Schedule a private showing with Daniel today.
Courtesy: Platinum Realty of St. Louis
888-220-0988
Turnkey 8 unit apartment building for sale. All units are 1 bed, 1 bath. Property has been well maintained and has a great, established property management company in place. On sight parking lot available for tenants.
Courtesy: MISEXRT01
This fully renovated duplex features two 1 bed, 1 bath units, offering the perfect opportunity for investors or homeowners looking to offset their mortgage—live in one unit and rent out the other! One side is already rented on a month-to-month lease for $725/month, providing immediate income potential. The property has been gutted down to the studs and completely updated with new roofing, drywall, electrical, plumbing, HVAC, and more. A concrete block wall separates the units, offering excellent noise reduction and fire protection. This turn-key property is move-in ready and qualifies for VA, Cash, Conventional and FHA financing. Don’t miss this chance to own a low-maintenance investment in the city of Salem, Missouri!
Courtesy: Vip Properties
573-729-7622
VIP 4903 This multi-purpose income producing property is ready for new ownership. This 6.37-acre tract has plenty of space to expand your rental opportunities. 3 Singlewides ranging from 1120 to 1216 Sq. ft. & built between 1994 & 2005. 3 Tenants that pay monthly. One unit is Section 8 approved. All units have separate Electric Meters. Each unit including the building share the well. One unit has its own concrete septic tank, two units share a tank, and the building has its own tank. The property has a 51x100 building with an office, store front, storage rooms, bathroom and workshop all in one. The building could be easily converted to separate living quarters. Ready to start your own business or restaurant? The opportunities are endless with this building. Building can be shown at any time. Tenants have rights and will need a minimum 48-Hour notice before all showings so please schedule showings accordingly. Call o schedule your private showing today!!!
Salem is located in Missouri. Salem, Missouri has a population of 4,623. Salem is less family-centric than the surrounding county with 24% of the households containing married families with children. The county average for households married with children is 28.72%.
The median household income in Salem, Missouri is $31,575. The median household income for the surrounding county is $45,700 compared to the national median of $69,021. The median age of people living in Salem is 44.6 years.
The average high temperature in July is 88.4 degrees, with an average low temperature in January of 21.2 degrees. The average rainfall is approximately 47 inches per year, with 9.8 inches of snow per year.
