Seller's Agent in 2024
Mack Garmon
RE/MAX
(540) 354-5141
81 Total Sales
--
Bed
--
Bath
5,797
Sq Ft
0.33
Acre Lot
Highlights
- City View
- No HOA
- Central Air
About This Home
As of December 2024Great investment opportunity in City of Salem. This property is convenient located, 4 units each with 2 bedrooms, 1 bath, full basement (unfinished), small deck off kitchen, living room. All 4 units are currently rented with long term tenants, all on month to month leases. Each unit is renting well below market value. All could use cosmetic updates.
Last Agent to Sell the Property
RE/MAX REAL ESTATE ONE License #0225092153 Listed on: 07/01/2024
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,288
Year Built
- Built in 1973
Lot Details
- 14,375 Sq Ft Lot
Parking
- On-Street Parking
Property Views
- City
- Mountain
Home Design
- 5,797 Sq Ft Home
- Quadruplex
- Brick Exterior Construction
Basement
- Walk-Out Basement
- Basement Fills Entire Space Under The House
Schools
- South Salem Elementary School
- Andrew Lewis Middle School
- Salem High School
Utilities
- Central Air
- Heat Pump System
- Electric Water Heater
Listing and Financial Details
- Tenant pays for electricity
- Legal Lot and Block 17-A / 3
Community Details
Overview
- No Home Owners Association
- 4 Units
- Shamrock Subdivision
Building Details
- 4 Leased Units
- Operating Expense $11,130
- Gross Income $28,020
- Net Operating Income $16,890
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Home Values in the Area
Average Home Value in this Area
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 12/17/2024 12/17/24 | Sold | $520,000 | -17.4% | $90 / Sq Ft |
| 09/15/2024 09/15/24 | Pending | -- | -- | -- |
| 07/01/2024 07/01/24 | For Sale | $629,900 | -- | $109 / Sq Ft |
Source: Roanoke Valley Association of REALTORS®
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $1,919 | $325,300 | $97,100 | $228,200 |
| 2024 | $1,644 | $274,000 | $85,400 | $188,600 |
| 2023 | $3,082 | $256,800 | $77,700 | $179,100 |
| 2022 | $2,791 | $232,600 | $66,600 | $166,000 |
| 2021 | $2,615 | $217,900 | $32,500 | $185,400 |
| 2020 | $2,574 | $214,500 | $32,500 | $182,000 |
| 2019 | $2,407 | $200,600 | $32,500 | $168,100 |
| 2018 | $2,254 | $191,000 | $32,500 | $158,500 |
| 2017 | $2,254 | $191,000 | $32,500 | $158,500 |
| 2016 | $2,254 | $191,000 | $32,500 | $158,500 |
| 2015 | $2,254 | $191,000 | $32,500 | $158,500 |
| 2014 | $2,254 | $191,000 | $32,500 | $158,500 |
Source: Public Records
Agents Affiliated with this Home
-
Mack Garmon
-
Sharon Smith
Seller Co-Listing Agent in 2024
Sharon Smith
RE/MAX
(540) 797-4333
57 Total Sales
Map
Source: Roanoke Valley Association of REALTORS®
MLS Number: 908879
APN: 237-1-1
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