$325,000

E 1624& 1626 Riverside DR, Salem, VA 24153

  • 2,100 sqft
  • Property Icon Duplex
  • Property Year Built Icon Built in 1970
  • Property Lot Size Icon0.52acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $155/sqft
  • Property List Date Icon Listed 28 days ago

Property 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.

Listing Status:
Active
Date Added:
November 11, 2025 at 06:00AM
Listing Office:
WAINWRIGHT & CO., REALTORS(r)- LAKE : (540) 719-5222
MLS ID:
922631
  • Parking: Built-AsParking spaces: 2
  • County: City of Salem
  • Zoning: 259-1-6

This listing courtesy of WAINWRIGHT & CO., REALTORS(r)- LAKE

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

E

East Salem Elementary School

1765 Roanoke Blvd, Salem, VA, 24153

Grades PK-5

0.74 miles away

A

Andrew Lewis Middle School

616 S College Ave, Salem, VA, 24153

Grades 6-8

1.27 miles away

S

Salem High School

400 Spartan Dr, Salem, VA, 24153

Grades 9-12

2.77 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.

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