2223 Bailey Ave
Salem, VA 24153
- Studio
- 5,797 sqft (on 0.33 acres)
Studio
5,797 sqft
(on 0.33 acres)
Local Information
-- mins to
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.
This property is off market, which means it's not currently listed for sale or rent on Trulia. This may be different from what's available on other websites or public sources. This description is from December 17, 2024
Home Highlights
Parking
No Info
Outdoor
No Info
A/C
Heating & Cooling
HOA
None
Price/Sqft
No Info
Listed
180+ days ago
Home Details for 2223 Bailey Ave
|
|---|
Dimensions and Layout Living Area: 5797 Square Feet |
Heating & Cooling Heating: Heat Pump ElectricHas CoolingAir Conditioning: Central AirHas HeatingHeating Fuel: Heat Pump Electric |
Gas & Electric Electric: 0 Phase |
View Has a ViewView: City |
|
|---|
Frontage Not on Waterfront |
Water & Sewer Sewer: Public Sewer |
|
|---|
Year Built Year Built: 1973 |
Property Type / Style Property Type: Residential IncomeProperty Subtype: Multi Family |
Building Construction Materials: Brick |
Property Information Condition: CompletedParcel Number: 23711 |
|
|---|
Price List Price: $629,900 |
|
|---|
MLS Status: Closed |
|
|---|
Direction & Address City: SalemCommunity: Shamrock |
School Information Elementary School: South SalemJr High / Middle School: Andrew LewisHigh School: Salem High |
|
|---|
Building Area Building Area: 5797 Square Feet |
|
|---|
No HOA |
|
|---|
Lot Area: 0.33 acres |
|
|---|
Expense Tenant Pays: Electricity |
|
|---|
Owner Pays: Management, Sewer, Water |
|
|---|
BasementMls Number: 908879 |
Last check for updates: about 13 hours ago
Listed by MACK B GARMON, (540) 354-5141
RE/MAX REAL ESTATE ONE
SHARON B SMITH, (540) 797-4333
Bought with: MACK B GARMON, (540) 354-5141, RE/MAX REAL ESTATE ONE
Co-Buyer's Agent: SHARON B SMITH, (540) 797-4333
Source: RVAR, MLS#908879

Price History for 2223 Bailey Ave
| Date | Price | Event | Source |
|---|---|---|---|
| 12/17/2024 | $520,000 | Sold | RVAR #908879 |
| 11/08/2024 | $629,900 | Pending | RVAR #908879 |
| 11/08/2024 | $629,900 | PendingToActive | RVAR #908879 |
| 09/15/2024 | $629,900 | Pending | RVAR #908879 |
| 07/01/2024 | $629,900 | Listed For Sale | RVAR #908879 |
Market trends in Salem
Last updated May 2026
Avg. sale price
$301K
$15.01KMoM
Sale-to-List Price
100.0%
Price per sq ft
$175
$5MoM
Available listings
120
8MoM
Property Tax and Assessment
| Year | 2025 |
|---|---|
| Tax | $3,839 |
| Assessment | $325,300 |
Home facts updated by county records
Comparable Sales for 2223 Bailey Ave
Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
1.46 | Multi-Family Home | $965,000 | 08/04/25 | - | 7,000 | ||
1.30 | Multi-Family Home | $315,000 | 03/10/26 | - | 2,432 | ||
1.54 | Multi-Family Home | $214,750 | 05/29/26 | - | 1,903 | ||
2.87 | Multi-Family Home | $375,000 | 07/09/25 | - | 3,162 | ||
2.70 | Multi-Family Home | $325,000 | 11/26/25 | - | 2,200 | ||
3.33 | Multi-Family Home | $337,500 | 11/17/25 | - | 2,436 |
Nearby homes
Get a sense of prices in the area by checking nearby homes.Assigned Schools
These are the assigned schools for 2223 Bailey Ave.
What Locals Say about Salem
At least 115 Trulia users voted on each feature.
87 % Say it's dog friendly
86 % Say car is needed
82 % Say parking is easy
80 % Say yards are well-kept
73 % Say there's wildlife
73 % Say there's holiday spirit
73 % Say kids play outside
68 % Say people would walk alone at night
62 % Say it's quiet
59 % Say streets are well-lit
56 % Say neighbors are friendly
56 % Say they plan to stay for at least 5 years
40 % Say there are sidewalks
31 % Say it's walkable to grocery stores
29 % Say it's walkable to restaurants
19 % Say there are community events
Sourced by Trulia users. Learn more about our methodology.
LGBTQ Local Legal Protections
LGBTQ Local Legal Protections
Apartments for Rent
Explore by feature - Pet Friendly
Explore by feature - Garage
Explore by feature - Air Conditioning
Explore by feature - Pool
Explore by feature - Washer/dryer
Homes for sale near 2223 Bailey Ave
Off Market Homes Near 2223 Bailey Ave

Although the Multiple Listing Service of The Roanoke Valley is the source for these listings, listing data appearing on this web site does not necessarily reflect the entirety of all available listings within the Multiple Listing Service. All listing data is refreshed regularly, but its accuracy is subject to market changes.
All copyrights and intellectual property rights are the exclusive property of the Multiple Listing Service of The Roanoke Valley. Whether obtained from a search result or otherwise, visitors to this web site may only use this listing data for their personal, non-commercial benefit. The unauthorized retrieval or use of this listing data is prohibited.
All information is deemed reliable but not guaranteed, and should be independently verified.
All information is deemed reliable but not guaranteed, and should be independently verified.
2223 Bailey Ave, Salem, VA 24153 is a studio, 5,797 sqft multi-family built in 1973. This property is not currently available for sale. 2223 Bailey Ave was last sold on Dec 17, 2024 for $520,000 (17% lower than the asking price of $629,900).