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$565,000
324 Pennsylvania AVE
Salem, VA 24153
1 days on market
Property Type
Residential Income
Year Built
1902
Lot Size
0.19 acres
Garage
—
About This Property
''Some of the best investments do more than build wealth. They create flexibility for the people you love.''
324 Pennsylvania Avenue offers a rare opportunity to combine financial flexibility with real life functionality in one of Salem's most sought after neighborhoods. Whether you're looking to offset expenses with supplemental income, create separate living space for extended family, accommodate changing household needs, or invest in a property that can adapt as life evolves, this setup delivers possibilities that are difficult to find in today's market.
The beautifully updated main residence provides comfortable everyday living filled with timeless character and over $100,000 in thoughtful improvements, while the grandfathered detached carriage house/ADU creates additional flexibilit for independent living, guests, remote work, or furnished rental potential. Complete with dedicated parking, private yard space, and situated on a rare double lot, the property offers the kind of long term versatility buyers and investors are actively searching for.
Previously utilized as successful furnished mid term rentals with consistent demand, this is more than just a multifamily opportunity. It's a property designed to work for you financially while still feeling like home.
SELLER OFFERING $5,000 IN CONCESSIONS TO HELP BUY DOWN YOUR INTEREST RATE OR LOWER CLOSING COSTS.
324 Pennsylvania Avenue offers a rare opportunity to combine financial flexibility with real life functionality in one of Salem's most sought after neighborhoods. Whether you're looking to offset expenses with supplemental income, create separate living space for extended family, accommodate changing household needs, or invest in a property that can adapt as life evolves, this setup delivers possibilities that are difficult to find in today's market.
The beautifully updated main residence provides comfortable everyday living filled with timeless character and over $100,000 in thoughtful improvements, while the grandfathered detached carriage house/ADU creates additional flexibilit for independent living, guests, remote work, or furnished rental potential. Complete with dedicated parking, private yard space, and situated on a rare double lot, the property offers the kind of long term versatility buyers and investors are actively searching for.
Previously utilized as successful furnished mid term rentals with consistent demand, this is more than just a multifamily opportunity. It's a property designed to work for you financially while still feeling like home.
SELLER OFFERING $5,000 IN CONCESSIONS TO HELP BUY DOWN YOUR INTEREST RATE OR LOWER CLOSING COSTS.
Property Details
Interior
Exterior & Lot
- Lot Size
- 0.19 acres
- Year Built
- 1902
Location
- Subdivision
- N/A
- County
- City of Salem
- ZIP Code
- 24153
Financial
- Listing Terms
- Annual Taxes
- $2,107
Utilities
- Utilities
- Sewer
- Public Sewer
Schools
- Elementary
- G. W. Carver
- Middle School
- Andrew Lewis
- High School
- Salem High
Interior Features
Heating
Heat Pump Electric, Radiator Gas Heat
Cooling
Central Air, Heat Pump Electric
Location
Listing Information
- MLS #
- 927845
- Listing Agent
- JONATHAN EMMANUEL LAZARO
- Listing Office
- LAZARO REAL ESTATE
- Listed Date
- May 23, 2026
Contact Brian Deacon About This Property
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