2213 Bailey AVE, Salem, VA 24153 (MLS# 912357)

$541,000

2213 Bailey AVE
Salem, VA 24153
MLS# 912357

1 / 3

Property 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.

Details

Maps

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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