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Two-Unit Duplex with Unfinished Basement

208 E 3rd St, Salem, VA 24153

For Sale
New
$259,900

Residential Income, Salem, VA

Property SizeContact for details
Days on Market6

Property Features for 208 E 3rd St

General Information

Property type Residential Multi Family
Property subtype Duplex
Rooms Basement
Parking 5
Basement Full
Elementary school G. W. Carver
Middle school Andrew Lewis
High school Salem High
Directions From Electric Rd, Main St to L on S. College, R on E 3rd house on L.
Subdivision 0300 - City of Salem
Standard status Active
APN 145-7-1-1

Taxes and HOA fees

Tax Annual Amount 1565

Utilities

Sewer type Public Sewer
Heating system Electric (Heating), Other (Heating), Heat Pump (Heating), Natural Gas
Cooling system Window Unit(s), Heat Pump, Electric
Water source Public

Building Details

Year built 1922
Number of units 2
Building materials Vinyl Siding
Listing Agency: RE/MAX REAL ESTATE ONE · RE/MAX International
Listed By: MACK B GARMON · License VA #0225092153
Added: Nov 5 Changed: Nov 6 Last Checked: Nov 10 at 9:06AM
MLS# 932982

Copyright © 2026 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.

Rey
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Investment Insights

Based on property information with market context.

This 1922 duplex contains two apartments, each arranged with three bedrooms, a kitchen, a living room, and a bathroom. Wood floors are present, and the property has a full unfinished basement. The building requires remodeling; electricity is not separately divided between the apartments.

The property is near Roanoke College and downtown Salem restaurants and shops. Public water and sewer serve the property.

Key Highlights

  • Two apartments, each with 3 bedrooms, a kitchen, living room, and bathroom
  • Full unfinished basement
  • Wood floors

Property Analytics

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Lease Details

2
Residential units

Location Intelligence

Trade Area within ½ mile

974
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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Average Price Trend$/SF for Duplexes in Salem County, VA

$201 Jul
$148 Aug
$165 Sep
$192 Oct

Properties on Market for Duplexes in Salem County

Jul
Aug
Sep
Oct

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025

Frequently Asked Questions

What type of property is this?
Duplex - Each apartment has three bedrooms, a kitchen, living room, and bathroom.
Where is this duplex located?
The property is located at 208 E 3rd St Salem, VA.
What is the asking price?
The asking price for this property is $259,900.
What are key features of this property?
This property features: Two apartments, each with 3 bedrooms, a kitchen, living room, and bathroom; Full unfinished basement; Wood floors
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