Active

130-140 W Calhoun St

Salem, VA 24153
Mark as Favorite
Bed 4

Bed

Bath 4

Bath

SqFt10,422

Sqft

Acres0.38

Acre(Lot)

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 cerami c 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.

Read More Expand

Detail Ic Property Details

Property Type : Residential

Price : $1,999,750

AD Id : 89980097

MLS Id : 930687

Beds : 4

Lot Size : 0.38 Acre

Living Area Size : 10,422

Tax Amount : 22882.16

Year Built : 2023

County : City of Salem

  • Map Map

Map

Map What's Nearby

Map Nearby Areas

Feature Features

  • Bedroom Information

    Total beds: 4

    Bathroom Information

    Total Baths: 4 Full Baths: 4

    Room Information

    Rooms Total: 9
  • Flooring Information

    Vinyl
  • Interior Features

    Walk-In Closet(s) Appliances: Microwave Window Features: Insulated Windows
  • Heating & Cooling

    Has Heating: Yes Heating: Electric, Heat Pump Has Cooling: Yes Cooling: Central Air, Heat Pump

  • Building Information

    Year Built: 2023 Building Area Total: 10422 Construction Materials: Brick, HardiPlank Type Patio And Porch Features: Front Porch, Porch, Covered Private Pool: No Association Fee Frequency: Monthly

  • Lot Information

    Main Square Feet: 0.38 Acres Lot Size Acres: 0.38 Lot Size Square Feet: 16552.8 Lot Description: Cleared, Level

    Property Information

    Subdivision: N/A Source Property Type: Residential MLS Area Minor: 0300 - City of Salem Property SubType: Townhouse Levels: Two Property Age: 3

  • Listing Price Information

    Listing Price: $1999750

  • Tax Information

    Parcel Number: 122-9-1.1 Tax Lot: 0 Tax Block: 0 Annual Tax: $22882.16

  • Parking Information

    Garage Door Opener, Paved, Driveway
    Homeowners Association Information
    Has Association: Yes HOA: $100.00

  • School Information

    Elementary School: West Salem
    Junior High School: Andrew Lewis
    Senior High School: Salem High
  • Location Information

    Direction: W Main St to Chestnut St. Townhomes on L. WaterSource: Public
Sell a home like this and save $119,486 Find out How

How much is this property worth?

Curious about this home's true market value? Use our free Home Evaluation Tool to instantly get a personalized Comparative Market Analysis (CMA) report. Make smarter, data-driven decisions before you buy.

Images
Loading, please wait...

Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
2537 S Clearing Rd, Salem, VA, 24153 $295,000 2 2 1,538 0.16 Acre
2404 Post Oak Rd, Salem, VA, 24153 $297,000 3 2 1,494 --
2518 S Clearing Rd, Salem, VA, 24153 $295,950 2 2 1,934 0.12 Acre
2406 Post Oak Rd, Salem, VA, 24153 $285,000 2 2 1,272 0.01 Acre
2437 S Clearing Rd, Salem, VA, 24153 $285,000 3 3 1,460 0.07 Acre
2421 S Clearing Rd, Salem, VA, 24153 $299,975 3 4 1,860 0.09 Acre
546 Westminister Ln, Salem, VA, 24153 $225,000 2 3 1,462 0.03 Acre
130 W Calhoun St, Salem, VA, 24153 $399,950 4 4 2,078 0.07 Acre
132 W Calhoun St, Salem, VA, 24153 $399,950 4 4 2,110 0.07 Acre
134 W Calhoun St, Salem, VA, 24153 $399,950 4 4 2,078 0.05 Acre

Although the Multiple Listing Service of The Roanoke Valley is the single source for these listings, listing data appearing on this website does not necessarily reflect the entirety of all available listings within the Multiple Listing Service. All listing data is refreshed daily, but its accuracy is subject to market changes. All copyrights and intellectual property rights are the exclusive property of the Multiple Listing Service of The Roanoke Valley. Whether obtained from a search result or otherwise, visitors to this website may only use this listing data for their personal, noncommercial benefit. The unauthorized retrieval or use of this listing data is prohibited. All information is deemed reliable but not guaranteed, and should be independently verified. Copyright © 2026 Multiple Listing Service of The Roanoke Valley. All rights reserved.

ByOwner last updated this listing 09/03/2026 @ 21:00

MLS: 930687 LISTED BY: TIM THOMPSON, MKB, REALTORS® SOURCE: Roanoke Valley Association of REALTORS

Homes around $1,999,750

Selling? Save $119,486 when you sell a home like this

Tour with a ByOwner Agent