130-140 W Calhoun ST
$1,999,750
4 bd 4 ba 10,422 sqft
130-140 W Calhoun ST
Salem, VA 24153
Property Type
Residential
Year Built
2023
Lot Size
0.38 acres
Garage
1 spaces

About This Property

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.

Property Details

Interior

Bedrooms
4
Bathrooms
4
Living Area
10,422 sqft

Exterior & Lot

Lot Size
0.38 acres
Year Built
2023
Garage Spaces
1

Location

Subdivision
N/A
County
City of Salem
ZIP Code
24153

Financial

Annual Taxes
$22,882
HOA Fee
$100/mo

Utilities

Sewer
Public Sewer

Schools

Elementary
West Salem
Middle School
Andrew Lewis
High School
Salem High

Interior Features

Walk-In Closet(s)

Appliances

Microwave Oven (Built In)

Heating

Heat Pump Electric

Cooling

Central Air, Heat Pump Electric

Patio & Porch Features

Front Porch, Covered Porch

Lot Features

Cleared, Level

Location

Listing Information

MLS #
930687
Listing Agent
TIM THOMPSON
Listing Office
MKB, REALTORS®
Listed Date
Aug 24, 2026
Megan Eberle
Megan Eberle
REALTOR®, Sales Associate

Contact Megan Eberle About This Property

Interested in 130-140 W Calhoun ST? Send us a message and we'll get back to you.

Your information will be kept confidential and used only to respond to your inquiry.