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420 Front Avenue

Salem VA 24153

5667
3484.8 sq. ft.
Duplex
Currently for sale - view listing

Overview

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.

Features

5667 carspaces
5667 carport spaces
3484.8 sq. ft. lot size
Duplex

Property history for 420 Front Avenue

2024
Sold
$245,000
11 Mar 2024 by Michael Brandon Belcher, of Keller Williams Realty Roanoke
2020
Sold
$165,000
02 Jan 2020

Happy sellers in Salem

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We have insufficient information to provide an overview of customer satisfaction for Salem. Viewing the agent profiles, reviews and sales for Salem can provide insights for this location.

Local market activity for duplexes in Salem

In the last 12 months, 6 duplexes similar to 420 Front Avenue, have been sold.

This represents a 20% decrease in duplexes sales when compared to the previous 12 months.

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