1624& 1626 E Riverside DR, Salem, VA 24153
$325,000
Property Type:
MultiFamily
Lot Size (sq. ft.):
22,651
Status:
Active
Current Price:
$325,000
List Date:
11/11/2025
Last Modified:
11/12/2025
Description
Premier Cash-Flow Duplex in Exclusive Orchard Court-100% Occupied, Seize this rare income-generating opportunity-the only one of its kind in this highly sought after single family neighborhood. This side-by-side duplex delivers immediate rental income with two long-term, month-to-month tenants already in place, offering maximum flexibility for rent increases or future owner-occupancy. Proven Rental Profermance & Upside Potential! Current rents provide stable cash flow; market comps support $1,500+/unit. Zero vacancy risk-both units consistently leased to reliable, long term tenants. Month-to-month leases allow instant rent optimization or seamless transition. Exclusive covered parking+private storage in one, and in unit laundry hookups in both. Abundant off street parking.
Supplements: Steps to Roanoke Greenway Trail System & Roanoke River offers premium outdoor lifestyle. Walk to public transit appeals to commuters & car-free renters.
More Information MLS# 922631
General Property Description
Multi-Family Type: Duplex
Construction Status: Completed
Total Acreage: 0.52
Present Use: Built-As
# Furnished: 0
# Unfurnished: 2
# Leased Units: 2
Gross Bldg SQFT: 2100
Basement Y/N: No
Water Class: N/A
Parking Description: Private (1 - 9)
Gross Income: 0
Year Built: 1970
Number of Units: 2
Location, Tax & Legal
Major Area: 03 - City of Salem
Phase: 0
Lot: 8 Pt. 8
Block: 5
Tax ID: 259-1-6
Annual Taxes: 1958
Section: 1
POA Y/N: No
Area: 0300 - City of Salem
Street Number: 1624& 1626
Street Direction Pfx: E
Street Name: Riverside
Street Suffix: DR
State/Province: VA
Zip Code: 24153
Subdivision: Orchard Court
Municipality: City of Salem
Elementary School: East Salem
Middle School: Andrew Lewis
High School: Salem High
Remarks & Misc
Directions: From Apperson Dr: Right on E. Riverside Dr to 1624/1626.
Limited Service
Not Limited Service: 1
Construction
Brick: 1
Wood: 1
Basement
Slab: 1
Views
River: 1
Heating
Baseboard Electric: 1
Misc Features
Laundry Facility: 1
Other - See Remarks: 1
Miscellaneous Info
Public Transport: Yes
Cooling
Window Unit(s): 1
Water Description
Public: 1
Sewer Description
Public Sewer: 1
Water Heater Type
Tank: 1
Water Heater Energy
Electric: 1
Lease Type
Month To Month: 1
Owner Expenses
None: 1
Interior Features
Ceiling Fan(s): 1
Internet Access
Fiber: 1
Cur'nt Internet Prov: GloFIber
Tenant Expenses
All Utilities: 1
Contract Information
Current Price: $325,000
List Price: $325,000
List Date: 2025-11-11
Status: Active
Property Features
Limited Service: Not Limited Service
Construction: Brick; Wood
Basement: Slab
Heating: Baseboard Electric
Cooling: Window Unit(s)
Water Description: Public
Sewer Description: Public Sewer
Water Heater Type: Tank
Water Heater Energy: Electric
Lease Type: Month To Month
Owner Expenses: None
Interior Features: Ceiling Fan(s)
Misc Features: Laundry Facility; Other - See Remarks
Internet Access: Fiber
Views: River
Tenant Expenses: All Utilities
Listing Office:
WAINWRIGHT & CO., REALTORS®- LAKE
Last Updated: November - 12 - 2025
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