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    Salem, VA Multifamily Properties for Sale

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    Roanoke, VA Cave Spring, VA Hollins, VA
    Versatile Property with Mountain Views
    $279,950
    1.86 Acres

    Versatile Property with Mountain Views

    897 Dellwood Rd, Salem, VA 24153

    Unique investment opportunity or multi-generational living near amenities.

    • Nearly 2‑acre property with sweeping city and scenic mountain views
    • Ideal for multi‑generational living or rental income generation with multiple living spaces
    • Minutes from everyday amenities while offering peaceful country living
    • Unique investment opportunity for owner‑occupants or investors
    • Includes a fully‑functional, private in‑law suite
    Updated: Apr 24
    View details
    Based on your search, we've compiled 15 Potential Opportunities for your consideration. Besides 1 Active listings in Salem, VA, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 6 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Roanoke Duplex Near Grandin
    $344,950
    0.30 Acres

    Roanoke Duplex Near Grandin

    Versatile duplex in a desirable location, great for investors.

    1825 Cambridge Ave SW, Roanoke, VA 24015
    View details
    Roanoke Multifamily Property Near Grandin
    $319,950
    0.18 Acres

    Roanoke Multifamily Property Near Grandin

    Multifamily property near Grandin Village with rental income potential.

    2147 Berkley Ave SW, Roanoke, VA 24015
    View details
    Multifamily Redevelopment Opportunity in Roanoke
    $2,250,000
    43,465 SF

    Multifamily Redevelopment Opportunity in Roanoke

    105-unit multifamily redevelopment opportunity in Roanoke County, Virginia.

    6520 Thirlane Rd NW, Roanoke, VA 24019
    View details
    Turn Key Investment Apartments
    $184,950

    Turn Key Investment Apartments

    Upgraded apartments with off-street parking and convenient location.

    1114 Lafayette Blvd NW, Roanoke, VA 24017
    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Altavista Land For Sale
    $39,900
    1.31 Acres

    Altavista Land For Sale

    1.31 acre multi-family zoned land near Altavista shopping.

    0-Tract 7 Dearing Ford Road, Altavista, VA 24517
    View details
    Commercial Land in Ridgeway, VA
    $188,000
    252 SF

    Commercial Land in Ridgeway, VA

    2.68 acres of land suitable for various businesses.

    342 Morehead Avenue, Ridgeway, VA 24148
    View details
    Ridgeway, VA Land For Sale
    $188,000
    2.68 Acres

    Ridgeway, VA Land For Sale

    2.68 acres on Morehead Ave in Ridgeway, VA.

    342 Morehead Avenue, Ridgeway, VA 24148
    View details
    Land in Gladys, Virginia
    Contact for pricing
    2.00 Acres

    Land in Gladys, Virginia

    Two-acre lot suitable for various residential builds.

    3B Mohawk, Gladys, VA 24554
    View details

    Off-Market Properties in Salem, VA

    Consider similar Off-Market properties in Salem, VA. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    2213 Bailey Ave
    Multifamily properties
    3,848 SF Lot: 0.42 Acres
    Value Estimation by Request

    2213 Bailey Ave, Salem, VA 24153

    View details
    1723 Skyview Rd
    Multifamily properties
    Lot: 35.44 Acres
    Value Estimation by Request

    1723 Skyview Rd, Salem, VA 24153

    View details
    130 Calhoun St
    Multifamily properties
    Lot: 0.67 Acres
    Value Estimation by Request

    130 Calhoun St, Salem, VA 24153

    View details
    1871 Harrogate Dr
    Multifamily properties
    Lot: 4.97 Acres
    Value Estimation by Request

    1871 Harrogate Dr, Salem, VA 24153

    View details
    777 Roanoke Blvd
    Multifamily properties
    56,536 SF Lot: 3.81 Acres
    Value Estimation by Request

    777 Roanoke Blvd, Salem, VA 24153

    View details
    115 Dalewood Ave
    Multifamily properties
    1,904 SF Lot: 0.36 Acres
    Value Estimation by Request

    115 Dalewood Ave, Salem, VA 24153

    View details

    Salem, VA Multifamily Properties Investment Opportunities Market Analysis

    Explore 7 multifamily properties for sale in Salem, VA on our real estate platform. These investment opportunities span a total of 0 square feet of properties for sale, with an estimated market value of $279,950.

    Sale prices for multifamily properties in Salem, VA start at $279,950, averaging $279,950, and reaching up to $279,950 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Duplexes 1

    Property Size Breakdown

    The majority of commercial real estate listings in Salem fall within the 50,000 to 100,000 square foot range.

    Demographics Overview

    Population 38K
    Population Growth (5Y) +0.3%
    Median Household Income $72,691
    College Educated 42.5%

    High-Yield Neighborhoods for Investment

    Identify Salem submarkets with the highest inventory density on the market and evaluate the median listing prices of real estate assets

    Neighborhood Average Price
    24153 $280K

    Taxes & Financing

    Tax Rate (average for all types) 1.16%
    Property Tax per SF $16.64 per sq ft
    Average Loan-to-Value 65.0%

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