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Sold on 12/17/2024
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2223 Bailey Ave, Salem, VA 24153

  • $582,000

    Last sold 12/17/2024 for $520K

  • —

    bed

  • —

    bath

Multi-family not for sale
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About 2223 Bailey Ave

Property type Multi-family
Neighborhood
Year built 1973
HOA fee $0/month
Lot size 0.33 Acre
Movoto estimate
Rental estimate
Property description
Great investment opportunity in City of Salem. This property is convenient located, 4 units each with 2 bedrooms, 1 bath, full basement (unfinished), small deck off kitchen, living room. All 4 units are currently rented with long term tenants, all on month to month leases. Each unit is renting well below market value. All could use cosmetic updates.
Listed by
Listing Agent - MACK B GARMON
Listing Office - RE/MAX REAL ESTATE ONE
Source: Roanoke Valley AOR mls logo
MLS#908879 • last updated 1 year ago
Movoto checked Roanoke Valley AOR for data 15 minutes ago
Overview
Cooling/AC Central Air
Heating Heat Pump Electric
MLS # 908879
Type Residential Income
Status Closed
SubType Quadruplex
Lot Size (SqFt) 14374.8
Lot Size (Acres) 0.33
Property Tax 3288
Year Built 1973
Interior
Exterior
Construction Brick
# of Covered Spaces 16890
Amenities / Utilities
Sewer/Septic Public Sewer
Water Source Public
Location
View City, Mountain(s)
County City Of Salem
Subdivision Shamrock
Elementary School South Salem
Middle School Andrew Lewis
High School Salem High
APN 237-1-1
Directions From 419N, Left On Apperson Drive. Left At First Light Onto Colorado, Stay Left Onto Kimball, Left On Pyrtle To Right On Bailey.
$582K
Range: $529K-$634K
Last 30 days 
Rental est.: $1,110/month
Gross rent multiplier: 39.0
  • Dec 2024
    mls logo MLS # 908879
  • Dec 17, 2024 Sold
    $520,000
  • Sep 15, 2024 Pending
    —
  • Jul 1, 2024 Listed
    $629,900
  • Dec 2024
    Public Records
  • Dec 16, 2024 Sold
    $520,000 (-17.4%)
  • 2223 Bailey Ave
    $520K
  • Shamrock
    $338K
  • 24153
    $374K -3% y/y
  • Salem
    $374K -3% y/y
No chart available
Statistics calculated by Movoto

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8/10
South Salem Elementary School
public Grades PK, K-5
Salem City Public Schools
5/10
Andrew Lewis Middle School
public Grades 6-8
Salem City Public Schools
7/10
Salem High School
public Grades 9-12
Salem City Public Schools
Source: GreatSchools.org © 2026. All rights reserved.

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  • 2223 Bailey Ave
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