2213 Bailey Avenue

Salem, VA 24153

$541,000
Last Sold Price
Beds
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Offering for sale this multifamily opportunity right in the heart of Salem. This Quadplex spans 3,848, each unit has 2 beds, 1.5 baths, full basement ad private decks. Updates include new kitchen cabinets, new tub/surrounds, new toilets, and new HVAC. With proximity to key amenities and local conveniences, this multifamily opportunity represents a solid addition to any investment portfolio. Resent roll and further details available.Offering for sale this multifamily opportunity right in the heart of Salem. This Quadplex spans 3,848, each unit has 2 beds, 1.5 baths, full basement ad private decks. Updates include new kitchen cabinets, new tub/surrounds, new toilets, and new HVAC. With proximity to key amenities and local conveniences, this multifamily opportunity represents a solid addition to any investment portfolio. Resent roll and further details available.
  1. Listed by ANDY MULLINS • REALSTAR, REALTORS® LLC
  2. Listed by NOAH BECKLEY • REALSTAR, REALTORS® LLC

Property Details for 2213 Bailey Avenue

Subdivision Name
Shamrock
Covered Spaces
33600.0
LISTING UPDATED: 01/22/2025 12:53 PM

Property Details for 2213 Bailey Avenue

StatusClosed
MLS #912357
Days on Market23
Taxes$3,493 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMultiFamily
Year Built1973
Lot Size0.42 AC / 18,295 SF
CountySalem Independent City

Building Information for 2213 Bailey Avenue

Stories-Residences4Year Built1973Building Size-Lot Size0.42 AC / 18,295 SF

Property Information for 2213 Bailey Avenue

Summary
Location and General Information
  • Directions: Twelve O'clock Knob Rd to Palmer Ave to Bailey Ave. Quadplex towards the end of the cul-de-sac on the right,
  • MLS Area Major: 0300 - City of Salem
  • City: Salem
  • State Or Province: VA
  • Postal Code: 24153
  • County Or Parish: City of Salem
  • MLS Area Minor: 0300 - City of Salem
  • General Property Description - Water Class: N/A
Taxes and HOA
  • Association YN: No
  • Association Fee: $0
  • Parcel Number: 214-3-33
  • Tax Block: 3
  • Tax Lot: 16-A
  • Tax Tract Or Section: 0
  • Tax Amount: $3,493
  • Location Legal Taxes - Phase: $0
  • Location Legal Taxes - Annual Taxes: $3,493
  • Location Legal Taxes - Section: 0
  • Location Legal Taxes - POA YN: No
School Information
  • Elementary School: South Salem
  • Middle Or Junior School: Andrew Lewis
  • High School: Salem High
Parking
  • Attached Garage: No
  • General Property Description - Parking Description: Private (1 - 9)
Property
Lot Information
  • Lot Size Acres: 0.42
  • Lot Size Area: 0.42
  • Lot Size Units: Acres
  • Lot Size Square Feet: 18295.2
  • General Property Description - Total Acreage: 0.42
Property and Assessments
  • Total Bathrooms Source: MLS
  • Property Type: MultiFamily
  • Year Built: 1973
  • Property Type Label: MultiFamily
  • General Property Description - Construction Status: Completed
  • General Property Description - Present Use: Built-As
Utilities
  • Sewer: True
  • Water Description - Public Water: Yes
Interior and Exterior Features
Exterior Features
  • Construction Materials: Brick, Vinyl Siding
Interior Features
  • Cooling: Central Air
  • Heating: Heat Pump
  • Basement: Full Basement
  • Bathrooms Total Integer: 0
  • Bathrooms Total Decimal: 0.0
  • Bathrooms Total Notational: 0.0
  • Cooling: Yes
  • Heating: Yes
  • General Property Description - Basement: Yes
  • General Property Description - # Furnished: 0.0
  • General Property Description - # Unfurnished: 4.0
Multi Family
Multi-Family Information
  • Number Of Units Total: 4
  • General Property Description - # Leased Units: 4
Income & Expenses
  • Gross Scheduled Income: $24,547
  • Operating Expense: $9,053
  • General Property Description - Gross Income: $24,547
  • Gross Income: $24,547
  • Net Operating Income: $33,600
Rental
Rental Information
  • Tenant Expenses - Air Conditioning: Yes
  • Tenant Expenses - Electricity: Yes
  • Tenant Expenses - Heating: Yes

Property History for 2213 Bailey Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 2213 Bailey Avenue

Taxable ValueLand$87,500Additions$203,600Total$291,100
Tax Record2024$1,747 ($146 / month)
Home Facts
Stories2Lot Size18,295 SqFtStyleMulti-Family Res (5+ Units)Year Built1973ZoningRMFCountySALEMAPN214-3-33

Schools near 2213 Bailey Avenue

This home is within Salem City Public Schools.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Rating
School
Distance
South Salem Elementary School
PublicPK to 5

Andrew Lewis Middle School
Public6 to 8

Salem High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of REALSTAR, REALTORS® LLC, ANDY MULLINS; REALSTAR, REALTORS® LLC, NOAH BECKLEY

Based on information from one of the following Multiple Listing Services: CVRMLS, Roanoke Valley Association of REALTORS (Roanoke, VA), LAR, Lynchburg Association of REALTORS® and Charlottesville Area Association of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CVRMLS, Roanoke Valley Association of REALTORS (Roanoke, VA), LAR, Lynchburg Association of REALTORS® and Charlottesville Area Association of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.