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324 Pennsylvania AvenueSalem, VA 24153Price: $565,000

  • Price: $565,000
  • Est. Mortgage of $/month
  • 3 Days on Market
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Federal 30-year interest rate: 6.51% last updated on May 21, 2026
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
  • $565,000List Price
  • 7Bedrooms
  • 4Bathrooms
  • 0.34Acreage
  • 3,957Square Feet

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Listed by Jonathan Lazaro of Lazaro Real Estate
Rare opportunity in one of Salem's most desirable neighborhoods, 324 Pennsylvania Avenue offers the flexibility today's buyers are searching for with separate living spaces, income potential, and room for multi-generational living. The beautifully updated main residence features spacious living areas full of character and over $100,000 in thoughtful improvements, while the grandfathered detached carriage house/ADU provides additional private living space with dedicated parking and yard area. Ideal for aging parents, adult children, guests, remote work, or rental income, this property adapts to changing lifestyle needs with ease. Situated on a rare double lot, the property also offers long-term versatility and future potential rarely found in town. Previously utilized as successful furnished mid-term rentals with consistent demand. SELLER OFFERING $5,000 IN CONCESSIONS TO HELP BUY DOWN YOUR INTEREST RATE OR LOWER CLOSING COSTS.

Property Details of 324 Pennsylvania Avenue

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 "Based on information submitted to New River Valley Association of REALTORS as of May 24, 2026 2:12 PM EDT. All data is deemed reliable but is not guaranteed accurate by the MLS. All information should be independently reviewed and verified for accuracy. IDX information is provided exclusively for consumers’ personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing."

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