130-140 W Calhoun ST, Salem, VA 24153

$1,949,750
Property Type: Residential Bedrooms: 4 Baths: 4 Square Footage: 10,422 Lot Size (sq. ft.): 16,553 Status: Active
Current Price: $1,949,750 List Date: 8/24/2026 Last Modified: 11/05/2026

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 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.

More Information MLS# 930687

Contract Information

Current Price: $1,949,750 List Price: $1,949,750 List Date: 2026-08-24 Status: Active

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: 1 Add'l Covered Prkng: Garage Attached Uncovered Parking: Off Street Parking Total Cov'd Prk Spc: 1 Total Acreage: 0.38 Water Class: N/A

Location Legal Taxes

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

Primary Bedrooms

Primary BR Entry Lvl: 1

Bedrooms

BR Entry Level: 1 BR Upper Level: 3

Full Baths

Full Baths Entry Lvl: 1 Full Baths Upper Lvl: 3

Laundry

Laundry Entry Level: 1

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

Primary Bedroom Level: Entry Level: Entry Bedroom 2 Level: Upper Level: Upper Bedroom 3 Level: Upper Level: Upper Bedroom 4 Level: Upper Level: Upper Dining Area Level: Entry Level: Entry Family Room Level: Entry Level: Entry Kitchen Level: Entry Level: Entry Laundry Level: Entry Level: Entry Living Room Level: Entry Level: Entry
Listing Office: MKB, REALTORS®
Last Updated: November - 05 - 2026
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