About this home

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.

Facts and features

Schools

• Andrew Lewis Middle School

  middle · 6-8 · 0.6 mi

  7

• South Salem Elementary School

  elementary · K-5 · 1.3 mi

  8

• Salem High School

  high · 9-12 · 1.6 mi

  7

• Salem Montessori School

  elementary · K · 1.5 mi

• G.W. Carver Elementary School

  elementary · K-5 · 0.5 mi

  8

• Salem Alternative

  elementary · 0.7 mi

Price history

• Oct 15, 2026 · Listed For Rent$1,395
• Sep 10, 2026 · Listed$267,000
• Aug 30, 2026 · Listing Removed—
• Aug 14, 2026 · Listed$267,000
• Mar 11, 2024 · Sold$245,000
• Feb 2, 2024 · Listed$240,000
• Jan 2, 2020 · Sold$165,000
• Jun 27, 2003 · Sold$75,000

Tax history

• 2026$2,468 tax · $212,800 assessed
• 2025$2,365 tax · $200,500 assessed
• 2023$1,814 tax · $151,200 assessed
• 2022$1,653 tax · $137,800 assessed
• 2021$1,606 tax · $133,900 assessed
• 2020$1,452 tax · $121,000 assessed
• 2019$1,407 tax · $117,300 assessed
• 2018$1,372 tax · $116,300 assessed

Home value

$283,000

• Collateral Analytics$283,000
• Quantarium$262,235

Where it is