Occupied Two-Unit
For Sale
$267,000
420 Front Ave, Salem, VA 24153
Well-maintained income property with two separately occupied apartments and individually metered tenant utilities.
Property SizeContact for details
Days on Market10
Property Features for 420 Front Ave
General Information
Standard status
Active
Property subtype
Residential Income
Taxes and HOA fees
Annual Taxes
$2,511
Listing Agency:
MAC WESTLAND REAL ESTATE GROUP
Listed By:
MCLAREN GARTH WESTLAND
(540) 312-9202
Source:
Exprealty
Added: Sep 10
Changed: Sep 17
Last Checked: Sep 19 at 11:39AM
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 MAC WESTLAND REAL ESTATE GROUP
Investment Insights
Based on property information with market context.
Built in 1925, this 2,242-square-foot duplex contains two occupied apartments, each with 2 bedrooms and 1 bath. The units measure 1,178 square feet and 1,066 square feet, providing a balanced two-unit configuration for an owner-occupant or rental operator. Both apartments include a refrigerator and electric range, with additional appliance packages that include a range hood and dishwasher in one unit and a built-in microwave in the other. Central air and heat-pump heating serve the property.
Public water and sewer support the building, while tenants pay their own electric and water usage. The property is in Salem near LewisGale Medical Center and Salem VA Medical Center, with Carilion Roanoke Memorial Hospital in nearby Roanoke. Downtown Salem, area trails and greenways, the Roanoke River, Blue Ridge Parkway, and Appalachian Mountains are also identified as nearby amenities.
Public water and sewer support the building, while tenants pay their own electric and water usage. The property is in Salem near LewisGale Medical Center and Salem VA Medical Center, with Carilion Roanoke Memorial Hospital in nearby Roanoke. Downtown Salem, area trails and greenways, the Roanoke River, Blue Ridge Parkway, and Appalachian Mountains are also identified as nearby amenities.
Key Highlights
- 2,242‑square‑foot duplex built in 1925
- Two occupied 2‑bedroom, 1‑bath apartments measuring 1,178 sq. ft. and 1,066 sq. ft.
- Central air and heat‑pump heating in both units
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
450
Businesses Nearby
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Business Placement
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
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Well-maintained income property with two separately occupied apartments and individually metered tenant utilities.
Where is this duplex located?
The property is located at 420 Front Ave Salem, VA.
What is the asking price?
The asking price for this property is $267,000.
What are key features of this property?
This property features: 2,242‑square‑foot duplex built in 1925; Two occupied 2‑bedroom, 1‑bath apartments measuring 1,178 sq. ft. and 1,066 sq. ft.; Central air and heat‑pump heating in both units
