$267,000

420 Front AVE
Salem, VA 24153
MLS# 931240

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Property Description
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.

Details

Maps

General Property Description

Multi-Family Type: Duplex

Construction Status: Completed

Year Built: 1925

Number of Units: 2

# Unfurnished: 2

# Leased Units: 2

Gross Bldg SQFT: 2242

Total Acreage: 0.08

Basement Y/N: No

Parking Description: Private (1 - 9)

Operating Expense: 5666.83

Net Operating Income: 22665

Gross Income: 16998.17

Water Class: N/A

Location, Tax & Legal

Area: 0300 - City of Salem

Street Number: 420

Street Name: Front

Street Suffix: AVE

State/Province: VA

Zip Code: 24153

Subdivision: N/A

Municipality: City of Salem

Elementary School: South Salem

Middle School: Andrew Lewis

High School: Salem High

Contract Information

Current Price: $267,000

List Price: $267,000

List Date: 2026-09-10

Status: Active

Property Features

Limited Service: Not Limited Service

Construction: Aluminum; Vinyl

Basement: Crawl Space

Heating: Heat Pump Electric

Cooling: Central Air

Water Description: Public

Sewer Description: Public Sewer

Lease Type: One Year; Month To Month

Owner Expenses: Lawn Care; Management Fee

Interior Features: Ceiling Fan(s); Storage

Misc Features: Current Lease

Tenant Expenses: Electricity; Sewer; Water

Listing Office: MAC WESTLAND REAL ESTATE GROUP

Last Updated: September - 10 - 2026

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