1624& 1626 Riverside Dr, Salem, Va 24153 | Price: $325,000
MLS Number: 922631
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.
Property Features
Acreage: 0.52
Garage: Private (1 - 9)
Yearly Property Taxes: $1,958.00
Year Built: 1970
Parking: Built-As
Local Schools
Grade School: East Salem
Middle School: Andrew Lewis
High School: Salem High
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Date last updated: December 5, 2025
Listing Company: WAINWRIGHT & CO., REALTORS(r)- LAKE
