Property profile

115 Dalewood Ave Salem, VA 24153

OFF-MARKET
Apartment buildings
Property ID
US87-0474241
1,904 SF 0.36 ac lot Built 1998
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Property summary

AI-generated overview

This exceptional investment opportunity presents a well-maintained, brick-constructed duplex located at 115 Dalewood Ave, Salem, VA 24153. The property, built in 1998, sits on a 0.36-acre lot and features a total of 1,904 square feet across two stories. The building is zoned RSF, offering flexibility for future use. Both units are currently fully occupied and boast a desirable 2-bedroom, 1.5-bathroom layout, each with spacious interiors and an unfinished basement providing ample storage space or potential for expansion. Recent upgrades include brand new HVAC systems and newly constructed back decks shared by both units. On-site parking is available. This property offers a strong rental history and presents a compelling investment opportunity for those seeking a low-maintenance, high-return asset. The property's solid brick construction and high occupancy rate contribute to its exceptional value. Detailed financial information, including a rent roll, is available upon request. This is a turnkey investment ready for immediate income generation.

Property profile

Verified
Property type Apartment buildings
Year built 1998
Total area 1,904 SF
Lot 0.36 ac (15,682 SF)
UPID US87-0474241

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

115 Dalewood Ave Salem, VA 24153
Salem metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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