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    1626 E Riverside Dr Salem, VA 24153

    For Sale
    $325,000

    Duplex - Salem, VA

    Type:Duplex
    Lot size:
    0.52 Acres
    Days on Market:
    25
    Last Refresh:
    Dec 5 at 9:06 am

    Property Features for 1626 E Riverside Dr

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Duplex
    Standard status
    Active
    Interior features
    Ceiling Fan(s)
    Exterior features
    Laundry Facility
    Lot size
    0.52 Acres

    Utilities

    Heating system
    Baseboard, Electric (Heating)
    Cooling system
    Multi Units, Window Unit(s)

    Building Details

    Year built
    1970
    Number of units
    2
    Building materials
    Brick
    Architectural style
    Other

    Three Sisters Corporation Salem dba Wainwright & Co. - REALTORS (540) 387-5800 [email protected]

    Listing agent BRENDA BRATT (540) 719-5222

    Listing date Nov 11, 2025

    MLS# 922631 Listing URL

    Copyright © 2025 Roanoke Valley Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Cash-Flow Duplex in Orchard Court

    This side-by-side duplex, located in the Orchard Court neighborhood of Salem, Virginia, presents an income-generating opportunity. The property is 100% occupied with two long-term, month-to-month tenants. Current rents provide stable cash flow, and market comparisons suggest potential for increased rental income. Both units are consistently leased to reliable tenants, minimizing vacancy risk. The month-to-month leases allow for rent optimization or a transition to owner-occupancy. The property includes covered parking, private storage, and in-unit laundry hookups in both units. Abundant off-street parking is available. The lot size is 0.52 acres.
    Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Salem
    County
    Salem
    State
    Virginia
    Longitude
    -80.039436
    Latitude
    37.270866

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    FAQs

    What type of property is this?
    Duplex - Income-generating duplex in a sought-after neighborhood with long-term tenants.
    Where is this duplex located?
    The property is located at 1626 E Riverside Dr Salem, VA.
    What is the asking price?
    The asking price for this property is $325,000.
    What are key features of this property?
    This property features: - 100% Occupied Duplex: Immediate cash flow with long-term tenants.; - Upside Potential: Current rents below market, supporting $1,500+/unit.; - Maximum Flexibility: Month-to-month leases allow for rent increases or owner-occupancy.
    (540) 719-5222
    Request Owner's contact information
    1626 E Riverside Dr Salem, VA 24153
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    Salem, VA 24153
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1626 E Riverside Dr Salem, VA 24153
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