324 Pennsylvania AVE Salem, VA 24153
UPDATED:
Key Details
Property Type Multi-Family
Sub Type MultiFamily
Listing Status Active
Purchase Type For Sale
MLS Listing ID 927845
HOA Y/N No
Year Built 1902
Annual Tax Amount $2,107
Acres 0.19
Property Sub-Type MultiFamily
Source Roanoke Valley Association of REALTORS®
Property Description
324 Pennsylvania Avenue offers a rare opportunity to combine financial flexibility with real life functionality in one of Salem's most sought after neighborhoods. Whether you're looking to offset expenses with supplemental income, create separate living space for extended family, accommodate changing household needs, or invest in a property that can adapt as life evolves, this setup delivers possibilities that are difficult to find in today's market.
The beautifully updated main residence provides comfortable everyday living filled with timeless character and over $100,000 in thoughtful improvements, while the grandfathered detached carriage house/ADU creates additional flexibilit for independent living, guests, remote work, or furnished rental potential. Complete with dedicated parking, private yard space, and situated on a rare double lot, the property offers the kind of long term versatility buyers and investors are actively searching for.
Previously utilized as successful furnished mid term rentals with consistent demand, this is more than just a multifamily opportunity. It's a property designed to work for you financially while still feeling like home.
SELLER OFFERING $5,000 IN CONCESSIONS TO HELP BUY DOWN YOUR INTEREST RATE OR LOWER CLOSING COSTS.
Location
State VA
County City Of Salem
Area 0.19
Direction From Main St Salem heading west turn left on College Ave and Left on Pennsylvania. Home on right. There is parking off the alley in the back also.
Rooms
Basement Partial, Dirt Floor
Interior
Heating Electric Heat Pump, Radiator - Gas Heat
Cooling Heat Pump Electric, Central Air
Fireplaces Type Masonry Fireplace
Fireplace No
Exterior
Garage No
Building
Sewer Public Sewer
Water Public
New Construction No
Schools
Elementary Schools G. W. Carver
Middle Schools Andrew Lewis
High Schools Salem High
Others
Tax ID 120-7-4
Nearby Locations
GET MORE INFORMATION