For sale

516 N Market St

Salem, VA 24153

$365,000, Reduced $10,000

  • 4beds
  • 2.5baths
  • 2,040sq ft
  • 0.4acres
  • 1940built

Listed by Mkb, REALTORS®

About this home.

Beautiful colonial located in highly sought after location. Located walking distance to Roanoke College, Downtown Salem, Salem Greenway, restaurants, and multiple breweries. 4 total bedrooms including primary suite on entry level. Recently painted, sanded floors, newer appliances, architectural room. Home includes 2.5 baths. Upstairs bath with walk-in shower and separate jacuzzi tub.

Facts and features.

The home

Type
House (Single Family Residence)
Style
Colonial
Bathrooms
2 full, 1 half

Inside

Basement
Partial
Finished basement
144 sq ft
Fireplaces
1
Flooring
Laminate, Tile, Wood
Appliances
Electric Range, Refrigerator

Utilities

Heating
Heat Pump Electric
Cooling
Heat Pump Electric
Water source
Public

Community

HOA dues
None
County
City Of Salem County

The listing

Source
Roanoke Valley Association of REALTORS® MLS #932100

Price and status history.

38

days on market

DateEventPrice
Nov 3, 2026Price reduced$365,000
Oct 6, 2026Listed for sale$375,000

Price per square foot

This home$179
Salem house median$187

Asking price per finished square foot, compared with the median of 470 houses sold in Salem in the last 12 months. 4% below the median.

Location.

516 N Market St, Salem, VA 24153

Estimate a monthly payment.

Every number below is yours to change. The interest rate is an example, not a quote.

$2,301/mo

Principal and interest
$1,846
Property tax
$356
Home insurance
$100
HOA dues
None listed

Loan amount $292,000

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.

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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