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    130-140 W Calhoun ST, Salem, VA 24153 (MLS# 930687)

    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

    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

    General Property Description

    Property Sub-Type: Townhouse Construction Status: Completed Residential Type: Attached Total Acreage: 0.38 Entry Above Grd Fin SQFT: 5275 Upper Above Grd Fin SQFT: 5147 Other Above Grd Fin SQFT: 0 Total Fnshd SqFt: 10422 Total Above Grd Fin SQFT: 10422 Grand Total Attached SQFT: 10422 Basement Y/N: No Water Class: N/A Total Unfin SQFT: 0 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 Year Built: 2023 Total Bdrm: 4 Total Bths: 4 Total F Baths: 4

    Location, Tax & Legal

    Major Area: 03 - City of Salem Phase: 8 Lot: 0 Block: 0 Tax ID: 122-9-1.1 Annual Taxes: 22882.16 Section: 0 Zoning Code: RMF POA Y/N: Yes POA/Condo Dues: 100 POA/Condo Terms A/M: Monthly 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

    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: 1 Other - See Remarks: 1

    Limited Service

    Not Limited Service: 1

    Lot Description

    Cleared: 1 Level: 1

    Construction

    Brick: 1 Hard Board: 1

    Basement

    Slab: 1

    Heating

    Heat Pump Electric: 1

    Cooling

    Central Air: 1 Heat Pump Electric: 1

    Water Description

    Public: 1

    Sewer Description

    Public Sewer: 1

    Water Heater Type

    Tank: 1

    Interior Features

    Breakfast Area: 1 Walk-In Closet(s): 1

    Internet Access

    Cable: 1

    Exterior Features

    Paved Driveway: 1

    Porch

    Covered Porch: 1 Front Porch: 1

    Appliances

    Dishwasher: 1 Disposer: 1 Garage Door Opener: 1 Microwave Oven (Built In): 1 Range Electric: 1 Refrigerator: 1

    Floors

    Luxury Vinyl Plank: 1

    Windows

    Insulated: 1

    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

    Contract Information

    Current Price: $1,999,750 List Price: $1,999,750 List Date: 2026-08-24 Status: Active

    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: August - 24 - 2026
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