420 Front Ave Unit 422 Salem, VA 24153
Salem AreaEstimated payment $1,686/month
About This Home
Don't miss this well-maintained 1925 duplex offering the opportunity to live in one apartment and rent out the other and also immediate income for the savvy investor Ideally situated in the City of Salem, this 2,242 sq. ft. property features two spacious 2 bedroom, 1 bath units 1,178 sq. ft. and 1,066 sq. ft. both currently occupied delivering steady rental income from day one. Each unit comes equipped with a refrigerator, electric range, and additional appliances (range hood/dishwasher in one unit, built-in microwave in the other), along with the comfort of central air and heat pump heating. Tenants are responsible for their own electric and water usage, helping keep ownership costs low, and the property benefits from public water and sewer service.
Conveniently located in Salem, this property offers tenants and future owners alike quick access to LewisGale Medical Center and the Salem VA Medical Center, along with Carilion Roanoke Memorial Hospital just minutes away in nearby Roanoke. Outdoor enthusiasts will love the proximity to hiking and biking trails, greenways, and the Roanoke River, plus easy access to the Blue Ridge Parkway and Appalachian Mountains. Salem's walkable, historic downtown offers local restaurants, breweries, and shops, while nearby Roanoke adds museums, arts, and additional urban amenities.
This is a low-maintenance addition to any rental portfolio. Conveniently located near South Salem Elementary, Andrew Lewis Middle, and Salem High School.
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1925
Interior Spaces
- Storage
- Crawl Space
Schools
- South Salem Elementary School
- Salem High School
Utilities
- Heat Pump System
Community Details
- Gross Income $16,998
- Net Operating Income $22,665
Map
Home Values in the Area
Average Home Value in this Area
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 |
|---|---|---|---|---|
| 2026 | $2,468 | $212,800 | $20,800 | $192,000 |
| 2025 | $1,183 | $200,500 | $18,600 | $181,900 |
| 2024 | $1,040 | $173,300 | $13,300 | $160,000 |
| 2023 | $1,814 | $151,200 | $12,300 | $138,900 |
| 2022 | $1,654 | $137,800 | $10,700 | $127,100 |
| 2021 | $1,607 | $133,900 | $10,100 | $123,800 |
| 2020 | $1,452 | $121,000 | $10,100 | $110,900 |
| 2019 | $1,408 | $117,300 | $10,100 | $107,200 |
| 2018 | $1,372 | $116,300 | $10,100 | $106,200 |
| 2017 | $1,356 | $114,900 | $10,100 | $104,800 |
| 2016 | $1,342 | $113,700 | $10,100 | $103,600 |
| 2015 | $1,197 | $101,400 | $9,000 | $92,400 |
| 2014 | $1,197 | $101,400 | $9,000 | $92,400 |
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 | Prior Sale |
|---|---|---|---|---|---|
| 09/10/2026 09/10/26 | For Sale | $267,000 | +9.0% | -- | |
| 03/11/2024 03/11/24 | Sold | $245,000 | +2.1% | $109 / Sq Ft | View Prior Sale |
| 02/05/2024 02/05/24 | Pending | -- | -- | -- | |
| 02/01/2024 02/01/24 | For Sale | $240,000 | -- | $107 / Sq Ft |
Purchase 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 | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $245,000 | Old Republic National Title |
Mortgage 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 | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Closed | -- | New Conventional | |
| Open | $180,000 | Credit Line Revolving | |
| Previous Owner | $117,875 | Commercial | |
| Previous Owner | $118,500 | Commercial |
Source: Roanoke Valley Association of REALTORS®
MLS Number: 931240
APN: 216-1-1
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