2213 Bailey AVE, Salem, VA 24153
$541,000
Property Type:
MultiFamily
Lot Size (sq. ft.):
18,295
Status:
Closed
Current Price:
$541,000
List Date:
11/11/2024
Last Modified:
3/25/2026
Description
Offering for sale this multifamily opportunity right in the heart of Salem. This Quadplex spans 3,848, each unit has 2 beds, 1.5 baths, full basement ad private decks. Updates include new kitchen cabinets, new tub/surrounds, new toilets, and new HVAC. With proximity to key amenities and local conveniences, this multifamily opportunity represents a solid addition to any investment portfolio. Resent roll and further details available.
More Information MLS# 912357
General Property Description
Multi-Family Type: Quad
Construction Status: Completed
Total Acreage: 0.42
Present Use: Built-As
# Furnished: 0
# Unfurnished: 4
# Leased Units: 4
Gross Bldg SQFT: 5906
Basement Y/N: Yes
Water Class: N/A
Parking Description: Private (1 - 9)
Gross Income: 24547
Year Built: 1973
Number of Units: 4
Operating Expense: 9053
Net Operating Income: 33600
Location, Tax & Legal
Major Area: 03 - City of Salem
Phase: 0
Lot: 16-A
Block: 3
Tax ID: 214-3-33
Annual Taxes: 3493
Section: 0
POA Y/N: No
Area: 0300 - City of Salem
Street Number: 2213
Street Name: Bailey
Street Suffix: AVE
State/Province: VA
Zip Code: 24153
Subdivision: Shamrock
Municipality: City of Salem
Elementary School: South Salem
Middle School: Andrew Lewis
High School: Salem High
Remarks & Misc
Directions: Twelve O'clock Knob Rd to Palmer Ave to Bailey Ave. Quadplex towards the end of the cul-de-sac on the right,
Limited Service
Not Limited Service: 1
Construction
Brick: 1
Vinyl: 1
Basement
Full: 1
Heating
Heat Pump Electric: 1
Cooling
Central Air: 1
Water Description
Public: 1
Sewer Description
Public Sewer: 1
Owner Expenses
Sewer: 1
Water: 1
Tenant Expenses
Air Conditioning: 1
Electricity: 1
Heating: 1
Contract Information
Current Price: $541,000
Sold Price: $541,000
List Date: 2024-11-11
Status: Closed
Status Change Info
Ratified Contract Dt: 2024-12-03
Sold Date: 2025-01-22
Sold Price: $541,000
Property Features
Limited Service: Not Limited Service
Construction: Brick; Vinyl
Basement: Full
Heating: Heat Pump Electric
Cooling: Central Air
Water Description: Public
Sewer Description: Public Sewer
Owner Expenses: Water
Tenant Expenses: Air Conditioning; Electricity; Heating
Listing Office: REALSTAR, REALTORS® LLC
Last Updated: March - 25 - 2026
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