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

DateEventPrice
Nov 5, 2026Price reduced$1,949,750
Aug 24, 2026Listed for sale$1,999,750

Price per square foot

This home$187
Salem townhome median$191

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.

$11,966/mo

Principal and interest
$9,859
Property tax
$1,907
Home insurance
$100
HOA dues
$100

Loan amount $1,559,800

Example rate only. Change it to the rate a lender offers you.

From the listing. Taxes can change after a sale.

Example. Use your quote.

From the listing.

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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