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6-Unit Apartment Property
For Sale
$297,767

1926 East Main Street Unit 1928, Salem, VA 24153

Six one-bedroom apartments with electric heat pumps and a mix of vacant and leased units.

Property Size41,382 SF
Price / SF$7.20
Days on Market708

Property Features for 1926 East Main Street Unit 1928

General Information

Standard status Active
Size 41,382 SF
Property subtype MultiFamily / Apartment

Taxes and HOA fees

Annual Taxes $3,402

Amenities

Heat Pump Electric, Yes
Crawl Space
0.0
Yes
No
6.0
Aluminum Siding, Vinyl Siding

Building Details

Year Built 1909
Listing Agency: MKB, REALTORS
Listed By: COURTNEE BISHOP · License #0225249700
Source: Compass
Added: Sep 23, 2024 Changed: Aug 30 Last Checked: Aug 30 at 7:11PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of MKB, REALTORS

Investment Insights

Based on property information with market context.

This apartment property contains six one-bedroom, one-bath units across 1926 and 1928 East Main Street. Five apartments are associated with 1926, including three vacant units and two leased units; the 1928 address adds one leased apartment. The buildings feature aluminum and vinyl siding, crawl-space construction, and electric heat pumps.

The property was built in 1909 and is located at 1926 East Main Street, Unit 1928, in Salem, Virginia. Existing lease terms include end dates of January 14, 2025, and April 11, 2025. Showings are available by appointment.

Key Highlights

  • Six total one‑bedroom, one‑bath apartments
  • Five units at 1926 East Main Street and one unit at 1928 East Main Street
  • Three vacant units at 1926; two units there are leased

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Law Firm Real Estate Agency HVAC Service Parking Lot & Garage Spa & Massage Center Restaurant

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

259
Businesses Nearby

Demographics for 24153, VA

38,728
Population
16,387
Households
2.4
Avg Household Size
44
Median Age
30%
College-Educated
94%
High-School Grad
101.2 sq mi
ZIP Area
383
Density / Sq Mi
$72,691
Median Household Income
$39,851
Median Earnings
$1,058
Median Rent
$251,400
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - Six one-bedroom apartments with electric heat pumps and a mix of vacant and leased units.
Where is this apartment building located?
The property is located at 1926 East Main Street Unit 1928 Salem, VA.
What is the asking price?
The asking price for this property is $297,767.
What are key features of this property?
This property features: Six total one‑bedroom, one‑bath apartments; Five units at 1926 East Main Street and one unit at 1928 East Main Street; Three vacant units at 1926; two units there are leased
More about this property
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