$1,999,750
Salem, VA 24153
MLS# 930687
4 beds | 4 baths | 10422 sqft
1 / 32
Property Description
Excellent Turnkey Investment Opportunity - 5 Townhomes Fully Leased! Newer construction (2023) 4-bedroom, 4-bath townhome built by Alam Design Group. All 5 units are currently leased, offering investors the opportunity to acquire an established income-producing property with tenants already in place. Each townhome offers approximately 2,078 +/- finished square feet with four bedrooms, each featuring its own private ensuite bath. The main level includes a spacious living room, kitchen with stainless steel LG appliance package and island, flex room, laundry room, and one ensuite bedroom. The upper level features three additional ensuite bedrooms. Quality construction includes Pella windows, a 3-ton heat pump, Hardie board and brick exterior, and bathrooms with marble-look glossy ceramic tile surrounds. Each townhome includes a private garage, driveway parking, and additional community parking. HOA services include maintenance of the grounds, sidewalks, and parking areas. With all units leased, newer construction, four private bedroom suites per townhome, and low-maintenance ownership, this is an outstanding opportunity to add a turnkey rental property to an investment portfolio.
Details
Maps
General Property Description
Property Sub-Type: Townhouse
Construction Status: Completed
Residential Type: Attached
Total Acreage: 0.38
Entry Above Grd Fin SQFT: 5275
Upper Above Grd Fin SQFT: 5147
Other Above Grd Fin SQFT: 0
Total Fnshd SqFt: 10422
Total Above Grd Fin SQFT: 10422
Grand Total Attached SQFT: 10422
Basement Y/N: No
Water Class: N/A
Total Unfin SQFT: 0
Prim. Covered Prking: Garage Attached
# Prim Cov Spaces: 1
Add'l Covered Prkng: Garage Attached
Uncovered Parking: Off Street Parking
Total Cov'd Prk Spc: 1
Year Built: 2023
Total Bdrm: 4
Total Bths: 4
Total F Baths: 4
Location, Tax & Legal
Major Area: 03 - City of Salem
Phase: 8
Lot: 0
Block: 0
Tax ID: 122-9-1.1
Annual Taxes: 22882.16
Section: 0
Zoning Code: RMF
POA Y/N: Yes
POA/Condo Dues: 100
POA/Condo Terms A/M: Monthly
Area: 0300 - City of Salem
Street Number: 130-140
Street Direction Pfx: W
Street Name: Calhoun
Street Suffix: ST
State/Province: VA
Zip Code: 24153
Subdivision: N/A
Municipality: City of Salem
Elementary School: West Salem
Middle School: Andrew Lewis
High School: Salem High
Remarks & Misc
Public Remarks: Excellent Turnkey Investment Opportunity - 5 Townhomes Fully Leased! Newer construction (2023) 4-bedroom, 4-bath townhome built by Alam Design Group. All 5 units are currently leased, offering investors the opportunity to acquire an established income-producing property with tenants already in place.
Each townhome offers approximately 2,078 +/- finished square feet with four bedrooms, each featuring its own private ensuite bath. The main level includes a spacious living room, kitchen with stainless steel LG appliance package and island, flex room, laundry room, and one ensuite bedroom. The upper level features three additional ensuite bedrooms.
Quality construction includes Pella windows, a 3-ton heat pump, Hardie board and brick exterior, and bathrooms with marble-look glossy ceramic tile surrounds.
Each townhome includes a private garage, driveway parking, and additional community parking. HOA services include maintenance of the grounds, sidewalks, and parking areas.
With all units leased, newer construction, four private bedroom suites per townhome, and low-maintenance ownership, this is an outstanding opportunity to add a turnkey rental property to an investment portfolio.
Directions: W Main St to Chestnut St. Townhomes on L.
Style of House
2 Story: 1
Other - See Remarks: 1
Limited Service
Not Limited Service: 1
Lot Description
Cleared: 1
Level: 1
Construction
Brick: 1
Hard Board: 1
Basement
Slab: 1
Heating
Heat Pump Electric: 1
Cooling
Central Air: 1
Heat Pump Electric: 1
Water Description
Public: 1
Sewer Description
Public Sewer: 1
Water Heater Type
Tank: 1
Interior Features
Breakfast Area: 1
Walk-In Closet(s): 1
Internet Access
Cable: 1
Exterior Features
Paved Driveway: 1
Porch
Covered Porch: 1
Front Porch: 1
Appliances
Dishwasher: 1
Disposer: 1
Garage Door Opener: 1
Microwave Oven (Built In): 1
Range Electric: 1
Refrigerator: 1
Floors
Luxury Vinyl Plank: 1
Windows
Insulated: 1
Primary Bedrooms
Primary BR Entry Lvl: 1
Bedrooms
BR Entry Level: 1
BR Upper Level: 3
Full Baths
Full Baths Entry Lvl: 1
Full Baths Upper Lvl: 3
Laundry
Laundry Entry Level: 1
Contract Information
Current Price: $1,999,750
List Price: $1,999,750
List Date: 2026-08-24
Status: Active
Property Features
Style of House: 2 Story; Other - See Remarks
Limited Service: Not Limited Service
Lot Description: Cleared; Level
Construction: Brick; Hard Board
Basement: Slab
Heating: Heat Pump Electric
Cooling: Central Air; Heat Pump Electric
Interior Features: Breakfast Area; Walk-In Closet(s)
Exterior Features: Paved Driveway
Appliances: Dishwasher; Disposer; Microwave Oven (Built In); Garage Door Opener; Refrigerator; Range Electric
Floors: Luxury Vinyl Plank
Windows: Insulated
Porch: Covered Porch; Front Porch
Water Description: Public
Sewer Description: Public Sewer
Water Heater Type: Tank
Internet Access: Cable
Room Information
| Room Name | Level |
| Primary Bedroom | Entry |
| Bedroom 2 | Upper |
| Bedroom 3 | Upper |
| Bedroom 4 | Upper |
| Dining Area | Entry |
| Family Room | Entry |
| Kitchen | Entry |
| Laundry | Entry |
| Living Room | Entry |
Listing Office: MKB, REALTORS®
Last Updated: August - 24 - 2026
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