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.
Sold for $520,000
$520,000
2223 Bailey Ave, Salem, VA 24153
--beds
--baths
5,797sqft
Multi Family
Built in 1973
-- sqft lot
$-- Zestimate®
$90/sqft
$1,677 Estimated rent
Home value
Not available
Estimated sales range
Not available
$1,677/mo
Zestimate® history
Owner options
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$3,182/mo
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List your homeWhat's special
Small deck off kitchenFull basement
Zillow last checked:
Listing updated:
Listed by:
MACK B GARMON 540-354-5141,
RE/MAX REAL ESTATE ONE,
SHARON B SMITH 540-797-4333
Bought with:
MACK B GARMON, 0225092153
RE/MAX REAL ESTATE ONE
SHARON B SMITH, 0225086492
Source: RVAR,MLS#: 908879
Facts & features
Interior
Heating
- Heat Pump Electric
Cooling
- Central Air
Features
- Has basement: Yes
Interior area
- Total structure area: 5,797
- Total interior livable area: 5,797 sqft
Property
Features
- Has view: Yes
- View description: City
Lot
- Size: 0.33 Acres
Details
- Parcel number: 23711
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Brick
Condition
- Completed
- Year built: 1973
Utilities & green energy
- Electric: 0 Phase
- Sewer: Public Sewer
Community & HOA
Community
- Subdivision: Shamrock
HOA
- Has HOA: No
Location
- Region: Salem
Financial & listing details
- Price per square foot: $90/sqft
- Tax assessed value: $325,300
- Annual tax amount: $3,288
- Date on market: 7/1/2024
- Tenant pays: Electricity
Price history
| Date | Event | Price |
|---|---|---|
| 12/17/2024 | Sold | $520,000-17.4%$90/sqft |
Source:  RVAR #908879 Report a problem | ||
| 11/8/2024 | Pending sale | $629,900$109/sqft |
Source: RVAR #908879 Report a problem | ||
| 11/8/2024 | Listed for sale | $629,900$109/sqft |
Source: RVAR #908879 Report a problem | ||
| 9/15/2024 | Pending sale | $629,900$109/sqft |
Source: RVAR #908879 Report a problem | ||
| 7/1/2024 | Listed for sale | $629,900$109/sqft |
Source: RVAR #908879 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,839 +16.7% | $325,300 +18.7% |
| 2024 | $3,288 +6.7% | $274,000 +6.7% |
| 2023 | $3,082 +10.4% | $256,800 +10.4% |
| 2022 | $2,791 +6.7% | $232,600 +6.7% |
| 2021 | $2,615 +1.6% | $217,900 +1.6% |
| 2020 | $2,574 +8.7% | $214,500 +6.9% |
| 2019 | $2,367 +5% | $200,600 +5% |
| 2018 | $2,254 | $191,000 |
| 2017 | $2,254 | $191,000 |
| 2016 | $2,254 | $191,000 |
| 2015 | $2,254 | $191,000 |
| 2014 | $2,254 | $191,000 |
| 2012 | -- | $191,000 |
| 2011 | -- | $191,000 |
| 2010 | -- | $191,000 |
| 2008 | -- | -- |
| 2007 | -- | -- |
| 2006 | -- | -- |
| 2005 | -- | -- |
| 2004 | -- | -- |
| 2003 | -- | -- |
| 2002 | -- | $122,900 |
| 2001 | -- | $122,900 |
Find assessor info on the county website
Neighborhood: 24153
Nearby homes
- $--2 bd1 ba1k sqft2223 Bailey Ave APT C, Salem, VA 24153Off Market
- $300,1002 bd1 ba-- sqft2223 Bailey Ave APT B, Salem, VA 24153Off Market
- $541,000-- bd-- ba5.9k sqft2213 Bailey Ave, Salem, VA 24153Sold
- $246,2003 bd2 ba1.3k sqft2244-12 Oclock Knob Rd, Salem, VA 24153Off Market
- $186,1002 bd1 ba972 sqft2227 Bailey Ave #C, Salem, VA 24153Off Market
- $42,300-- bd-- ba-- sqft2240-12 Oclock Knob Rd, Salem, VA 24153Off Market
- $185,0003 bd2 ba1.7k sqft2224 Bailey Ave, Salem, VA 24153Sold
- $208,9003 bd1 ba1.3k sqft2256-12 Oclock Knob Rd, Salem, VA 24153Off Market
Nearby schools
GreatSchools rating
- 8/10South Salem Elementary SchoolGrades: PK-5Distance: 0.6 mi
- 7/10Andrew Lewis Middle SchoolGrades: 6-8Distance: 1.3 mi
- 7/10Salem High SchoolGrades: 9-12Distance: 1.4 mi
Schools provided by the listing agent
- Elementary: South Salem
- Middle: Andrew Lewis
- High: Salem High
Source: RVAR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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- Virginia
- Salem City
- Salem
- 24153
- 2223 Bailey Ave
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