115 Dalewood Ave Salem, VA 24153
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.