Nicely updated triplex featuring a new roof and gutters, with strong, stable, and performing tenants in two of the three units. All three units offer a 2-bedroom, 1-bathroom layout with in-unit washers and dryers and central air. Unit A is currently rented for $999/month, while Unit B is rented for $1,400/month. Unit C is currently vacant. Units B and C have been renovated. There are no existing lease violations. Current inspection reports are available in the ''Documents'' section of the listing. Please do not disturb the existing tenants. The owner is responsible for water, sewer, and landscaping. Showings are available for Unit C.
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.
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Salem is located in Virginia. Salem, Virginia has a population of 25,335. Salem is less family-centric than the surrounding county with 25.61% 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 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 is 40.8 years.
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.
