130-140 W Calhoun ST, Salem, VA 24153

New Listing
$1,999,750
Property Type: Residential Bedrooms: 4 Baths: 4 Square Footage: 10,422 Lot Size (sq. ft.): 16,553 Status: Active
Current Price: $1,999,750 List Date: 8/24/2026 Last Modified: 8/24/2026

Overview

Description

Excellent Turnkey Investment Opportunity - 5 Townhomes Fully Leased! Newer construction (2023) 4-bedroom, 4-bath townhome built by Alam Design Group. All 5 units are currently leased, offering investors the opportunity to acquire an established income-producing property with tenants already in place. Each townhome offers approximately 2,078 +/- finished square feet with four bedrooms, each featuring its own private ensuite bath. The main level includes a spacious living room, kitchen with stainless steel LG appliance package and island, flex room, laundry room, and one ensuite bedroom. The upper level features three additional ensuite bedrooms. Quality construction includes Pella windows, a 3-ton heat pump, Hardie board and brick exterior, and bathrooms with marble-look glossy ceramic tile surrounds. Each townhome includes a private garage, driveway parking, and additional community parking. HOA services include maintenance of the grounds, sidewalks, and parking areas. With ...

Listing Details MLS# 930687

Location, Tax & Legal

Area
0300 - City of Salem
Street Number
130-140
Street Direction Pfx
W
Street Name
Calhoun
Street Suffix
ST
State/Province
VA
Zip Code
24153
Subdivision
N/A
Municipality
City of Salem
Elementary School
West Salem
Middle School
Andrew Lewis
High School
Salem High
Major Area
03 - City of Salem
Phase
8
Lot
No
Block
No
Tax ID
122-9-1.1
Annual Taxes
22882.16
Section
No
Zoning Code
RMF
POA Y/N
Yes
POA/Condo Dues
100
POA/Condo Terms A/M
Monthly

General Property Description

Property Sub-Type
Townhouse
Residential Type
Attached
Construction Status
Completed
Year Built
2023
Total Bdrm
4
Total Bths
4
Total F Baths
4
Entry Above Grd Fin SQFT
5275
Upper Above Grd Fin SQFT
5147
Total Fnshd SqFt
10422
Total Above Grd Fin SQFT
10422
Grand Total Attached SQFT
10422
Basement Y/N
No
Prim. Covered Prking
Garage Attached
# Prim Cov Spaces
Yes
Add'l Covered Prkng
Garage Attached
Uncovered Parking
Off Street Parking
Total Cov'd Prk Spc
Yes
Total Acreage
0.38
Water Class
N/A
Other Above Grd Fin SQFT
0
Total Unfin SQFT
0

Primary Bedrooms

Primary BR Entry Lvl
Yes

Bedrooms

BR Entry Level
Yes
BR Upper Level
3

Full Baths

Full Baths Entry Lvl
Yes
Full Baths Upper Lvl
3

More Information

Laundry

Laundry Entry Level
Yes

Remarks & Misc

Public Remarks
Excellent Turnkey Investment Opportunity - 5 Townhomes Fully Leased! Newer construction (2023) 4-bedroom, 4-bath townhome built by Alam Design Group. All 5 units are currently leased, offering investors the opportunity to acquire an established income-producing property with tenants already in place. Each townhome offers approximately 2,078 +/- finished square feet with four bedrooms, each featuring its own private ensuite bath. The main level includes a spacious living room, kitchen with stainless steel LG appliance package and island, flex room, laundry room, and one ensuite bedroom. The upper level features three additional ensuite bedrooms. Quality construction includes Pella windows, a 3-ton heat pump, Hardie board and brick exterior, and bathrooms with marble-look glossy ceramic tile surrounds. Each townhome includes a private garage, driveway parking, and additional community parking. HOA services include maintenance of the grounds, sidewalks, and parking areas. With all units leased, newer construction, four private bedroom suites per townhome, and low-maintenance ownership, this is an outstanding opportunity to add a turnkey rental property to an investment portfolio.
Directions
W Main St to Chestnut St. Townhomes on L.

Style of House

2 Story
Yes
Other - See Remarks
Yes

Limited Service

Not Limited Service
Yes

Lot Description

Cleared
Yes
Level
Yes

Construction

Brick
Yes
Hard Board
Yes

Basement

Slab
Yes

Heating

Heat Pump Electric
Yes

Cooling

Central Air
Yes
Heat Pump Electric
Yes

Water Description

Public
Yes

Sewer Description

Public Sewer
Yes

Water Heater Type

Tank
Yes

Interior Features

Breakfast Area
Yes
Walk-In Closet(s)
Yes

Internet Access

Cable
Yes

Exterior Features

Paved Driveway
Yes

Porch

Covered Porch
Yes
Front Porch
Yes

Appliances

Dishwasher
Yes
Disposer
Yes
Garage Door Opener
Yes
Microwave Oven (Built In)
Yes
Range Electric
Yes
Refrigerator
Yes

Floors

Luxury Vinyl Plank
Yes

Windows

Insulated
Yes

Property Features

Style of House: 2 Story; Other - See Remarks Limited Service: Not Limited Service Lot Description: Cleared; Level Construction: Brick; Hard Board Basement: Slab Heating: Heat Pump Electric Cooling: Central Air; Heat Pump Electric Interior Features: Breakfast Area; Walk-In Closet(s) Exterior Features: Paved Driveway Appliances: Dishwasher; Disposer; Microwave Oven (Built In); Garage Door Opener; Refrigerator; Range Electric Floors: Luxury Vinyl Plank Windows: Insulated Porch: Covered Porch; Front Porch Water Description: Public Sewer Description: Public Sewer Water Heater Type: Tank Internet Access: Cable

Room Information

Room Name Level
Primary Bedroom Entry
Bedroom 2 Upper
Bedroom 3 Upper
Bedroom 4 Upper
Dining Area Entry
Family Room Entry
Kitchen Entry
Laundry Entry
Living Room Entry
Listing Office: MKB, REALTORS®
Last Updated: August - 24 - 2026
All searches are performed on live data on the MLS server. Although the Multiple Listing Service of The Roanoke Valley is the single source for these listings, listing data appearing on this website does not necessarily reflect the entirety of all available listings within the Multiple Listing Service. All listing data is refreshed daily, but its accuracy is subject to market changes. All copyrights and intellectual property rights are the exclusive property of the Multiple Listing Service of The Roanoke Valley. Whether obtained from a search result or otherwise, visitors to this website may only use this listing data for their personal, non-commercial benefit. The unauthorized retrieval or use of this listing data is prohibited.