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$995,000
205 College AVE
Salem, VA 24153
Sold
9 days on market
Property Type
Residential Income
Year Built
1890
Lot Size
0.31 acres
Garage
—
About This Property
Located near the intersection of Main St. and College Ave, our 1890 commercial building is a historic and unique place with a style all its own - featuring two top floor, 3-bedroom suites and two ground level retail/office spaces. Most furnishings shall pass with the sale including all linens, towels, boutique hotel supplies, beds, furnishings, etc. Some personal art and furnishings not to pass. Secure electronic key code access to residential spaces which is currently operated as a two-suite boutique hotel. This 2-story, walk up home boasts high ceilings and hardwood floors some carpeting in one master suite which includes a full bath and dedicated office with ample closet space. The 2nd bedrooms contain a king-size bed overlooking South College Ave and is connected to the smaller 3rd bedroom with a single bed. Both apartments include recently renovated gourmet kitchens featuring stainless steel appliances with trendy, epoxy counter tops and herring-bone style, subway tile backsplash, with exposed natural wood shelving. All bathrooms were also renovated in 2022.
Ground floor is currently occupied by a Yoga studio and a local law office. Walking distance to restaurants, shopping and Salem's Farmer's Market. Home to Roanoke College, Salem is a small college town located in the beautiful Roanoke Valley. The stunning Alleghany and Blue Ridge Mountains surround Salem, providing a wealth of opportunities for outdoor recreation and nature appreciation. Residents and visitors can enjoy scenic drives along the Blue Ridge Parkway and gorgeous mountain and River views afforded by the nearby Appalachian Trail.
Total 2024 income was $119,000 +/-.
Ground floor is currently occupied by a Yoga studio and a local law office. Walking distance to restaurants, shopping and Salem's Farmer's Market. Home to Roanoke College, Salem is a small college town located in the beautiful Roanoke Valley. The stunning Alleghany and Blue Ridge Mountains surround Salem, providing a wealth of opportunities for outdoor recreation and nature appreciation. Residents and visitors can enjoy scenic drives along the Blue Ridge Parkway and gorgeous mountain and River views afforded by the nearby Appalachian Trail.
Total 2024 income was $119,000 +/-.
Property Details
Interior
Exterior & Lot
- Lot Size
- 0.31 acres
- Year Built
- 1890
Location
- Subdivision
- N/A
- County
- City of Salem
- ZIP Code
- 24153
Financial
- Listing Terms
- Annual Taxes
- $4,279
Utilities
- Utilities
- Sewer
- Public Sewer
Schools
- Elementary
- G. W. Carver
- Middle School
- Andrew Lewis
- High School
- Salem High
Interior Features
Bookcases, Ceiling Fan(s), Other, Walk-In Closet(s)
Heating
Forced Air Gas, Heat Pump Electric
Cooling
Central Air
Location
Listing Information
- MLS #
- 916453
- Listing Agent
- JASON NOEL FOUNTAIN
- Listing Office
- VRC PROPERTIES LLC
- Listed Date
- May 23, 2026
Contact Florenchine Velasquez About This Property
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