For sale
130-140 W Calhoun St
Salem, VA 24153
$1,949,750, Reduced $50,000
- 4beds
- 4baths
- 10,422sq ft
- 0.38acres
- 2023built
Listed by Mkb, REALTORS®
About this home.
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.
Facts and features.
The home
- Type
- Townhome
- Style
- Other - See Remarks
- Levels
- 2 stories
Inside
- Appliances
- Microwave Oven (Built In), Dishwasher, Disposal, Electric Range, Refrigerator
- Interior features
- Walk-In Closet(s)
Outside and lot
- Lot setting
- Level, Cleared
- Zoning
- RMF
Utilities
- Heating
- Heat Pump Electric
- Cooling
- Heat Pump Electric, Central Air
- Water source
- Public
Community
- HOA dues
- $100 monthly
- County
- City Of Salem County
The listing
- Source
- Roanoke Valley Association of REALTORS® MLS #930687
Price and status history.
81
days on market
| Date | Event | Price |
|---|---|---|
| Nov 5, 2026 | Price reduced | $1,949,750 |
| Aug 24, 2026 | Listed for sale | $1,999,750 |
Price per square foot
Asking price per finished square foot, compared with the median of 10 townhomes sold in Salem in the last 12 months. 2% below the median.
Location.
130-140 W Calhoun St, Salem, VA 24153
Estimate a monthly payment.
Every number below is yours to change. The interest rate is an example, not a quote.
An estimate for planning only. It is not a loan offer or a rate quote, and it leaves out mortgage insurance and closing costs. A lender can give you exact numbers.
Listing information
Listing courtesy of Mkb, REALTORS®.
Displayed by GRAVITY Real Estate Group.
Information last updated .
Listing information is provided for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed and should be independently verified. Listings are courtesy of the listing brokerage shown with each property.
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