Real Estate Investment Properties for Sale in Salem, VA

Looking for investment property in Salem, VA with high ROI ?

Explore a variety of short-term homes & houses in Salem, VA. Invest wisely with VRBO & Salem, VA Airbnb properties available for purchase. Find your ideal investment property among our curated listings for a rewarding real estate venture.

Investment Property for Sale in Salem, VA

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
112 UPLAND DR Salem, VA A GREAT LAYOUT AND LOCATION FOR A FAMILY HOME. NEW LVP FLOORING, CARPET IN BEDROOMS, FIXTU...	4 beds \| 3 baths \| 2,338 sq.ft.	$379,950	Airbnb cash on cash: N/A Traditional cash on cash: 5.41% Airbnb Rental Income: $null Traditional Rental Income: $2679 Airbnb ROI: N/A Traditional ROI: 5.41%
5615 Prunty DR Salem, VA Welcome to your new home! This beautiful 4 bedroom, 3 bath, split foyer sits on a generous...	4 beds \| 3 baths \| N/A	$359,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.13% Airbnb Rental Income: $null Traditional Rental Income: $2441 Airbnb ROI: N/A Traditional ROI: 5.13%
2517 Brandy Run DR Salem, VA Your Private Sanctuary Awaits - A One-of-a-kind Retreat in West Roanoke County. Welcome to...	3 beds \| 4 baths \| 4,316 sq.ft.	$729,950	Airbnb cash on cash: 0.1% Traditional cash on cash: 1.94% Airbnb Rental Income: $2082 Traditional Rental Income: $2797 Airbnb ROI: 0.1% Traditional ROI: 1.94%
826 Red LN Salem, VA This fabulous home is ready for its new owners and all of their own touches! The 1st floor...	3 beds \| 3 baths \| 2,232 sq.ft.	$374,500	Airbnb cash on cash: 2.21% Traditional cash on cash: 5.2% Airbnb Rental Income: $2082 Traditional Rental Income: $2598 Airbnb ROI: 2.21% Traditional ROI: 5.2%
264 Bonavista RD Salem, VA This adorable home is in a desirable and wonderfully walkable neighborhood in Salem. So mu...	4 beds \| 2 baths \| N/A	$285,000	Airbnb cash on cash: N/A Traditional cash on cash: 6.05% Airbnb Rental Income: $null Traditional Rental Income: $2250 Airbnb ROI: N/A Traditional ROI: 6.05%
801 Virginia AVE Salem, VA Step into this warm & welcoming home filled w/ character & charm, located in one of Salem'...	4 beds \| 4 baths \| 3,413 sq.ft.	$569,500	Airbnb cash on cash: N/A Traditional cash on cash: 4.84% Airbnb Rental Income: $null Traditional Rental Income: $3696 Airbnb ROI: N/A Traditional ROI: 4.84%
4901 Glenvar Hights Boulevard Salem, VA Back On Market Due To No Fault Of Seller's. Welcome to the exceptional custom brick ranch...	5 beds \| 5 baths \| 4,952 sq.ft.	$494,000	Airbnb cash on cash: N/A Traditional cash on cash: 6.88% Airbnb Rental Income: $null Traditional Rental Income: $4122 Airbnb ROI: N/A Traditional ROI: 6.88%
4630 Deer Trail DR Salem, VA Welcome to this charming log-style home on 5.46 private acres in Salem with mountain views...	3 beds \| 4 baths \| 3,053 sq.ft.	$649,950	Airbnb cash on cash: 0.44% Traditional cash on cash: 2.59% Airbnb Rental Income: $2082 Traditional Rental Income: $2844 Airbnb ROI: 0.44% Traditional ROI: 2.59%
5506 New Pleasant Way Salem, VA New Subdivision in Roanoke County/Glenvar School district. 1 level living with Open Floor ...	3 beds \| 3 baths \| 1,675 sq.ft.	$407,500	Airbnb cash on cash: 1.67% Traditional cash on cash: 3.43% Airbnb Rental Income: $2082 Traditional Rental Income: $2218 Airbnb ROI: 1.67% Traditional ROI: 3.43%
402 7th ST Salem, VA Come see this beautifully restore 4 bedroom, 2 1/2 bath country farmhouse with wonderful m...	4 beds \| 3 baths \| 1,640 sq.ft.	$279,950	Airbnb cash on cash: N/A Traditional cash on cash: 7.2% Airbnb Rental Income: $null Traditional Rental Income: $2383 Airbnb ROI: N/A Traditional ROI: 7.2%
919 LOGAN ST Salem, VA HARDWOOD FLOORS REFINISHED 7/30/25 CAME OUT BEAUTIFUL. BEST OF SALEM AREA, LOCATION AND SC...	3 beds \| 2 baths \| 1,680 sq.ft.	$295,000	Airbnb cash on cash: 3.32% Traditional cash on cash: 4.54% Airbnb Rental Income: $2082 Traditional Rental Income: $1885 Airbnb ROI: 3.32% Traditional ROI: 4.54%
5594 Old Grove Lane Salem, VA This Subdivision is in Roanoke County/Glenvar School district. 1 level living with Open Fl...	3 beds \| 3 baths \| 1,675 sq.ft.	$407,500	Airbnb cash on cash: 1.71% Traditional cash on cash: 4% Airbnb Rental Income: $2082 Traditional Rental Income: $2422 Airbnb ROI: 1.71% Traditional ROI: 4%
5510 New Pleasant Way Salem, VA This home is complete and ready for it's new owner. This home has 4 bedroom with Primary B...	4 beds \| 3 baths \| 2,070 sq.ft.	$414,750	Airbnb cash on cash: N/A Traditional cash on cash: 4.09% Airbnb Rental Income: $null Traditional Rental Income: $2508 Airbnb ROI: N/A Traditional ROI: 4.09%
5548 Old Grove Lane Salem, VA The Charleston Plan has been the most popular for the builder and this particular home has...	3 beds \| 3 baths \| 1,685 sq.ft.	$439,900	Airbnb cash on cash: 1.4% Traditional cash on cash: 3.11% Airbnb Rental Income: $2082 Traditional Rental Income: $2249 Airbnb ROI: 1.4% Traditional ROI: 3.11%
5595 New Pleasant Way Salem, VA Excellent opportunity - to have a lot of square footage for a great price! This home in t...	4 beds \| 4 baths \| 1,955 sq.ft.	$379,950	Airbnb cash on cash: N/A Traditional cash on cash: 4.79% Airbnb Rental Income: $null Traditional Rental Income: $2618 Airbnb ROI: N/A Traditional ROI: 4.79%
938 Roanoke BLVD Salem, VA Motivated Seller (having finally found their new home they are ready to sell)! Renovated h...	4 beds \| 2 baths \| 1,872 sq.ft.	$399,950	Airbnb cash on cash: N/A Traditional cash on cash: 4% Airbnb Rental Income: $null Traditional Rental Income: $2183 Airbnb ROI: N/A Traditional ROI: 4%
1744 High Gate LN Salem, VA SELLERS ARE MOTIVATED TO SELL!!! SELLERS TO PAY $10,000 TOWARDS LENDER APPROVED BUYER CONC...	4 beds \| 4 baths \| 2,992 sq.ft.	$530,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.61% Airbnb Rental Income: $null Traditional Rental Income: $2818 Airbnb ROI: N/A Traditional ROI: 3.61%
4737 Bradshaw RD Salem, VA Beautiful urban micro farm waiting for you. Abundant wildlife with amazing opportunity for...	3 beds \| 1 baths \| 1,470 sq.ft.	$328,950	Airbnb cash on cash: 2.99% Traditional cash on cash: 3.23% Airbnb Rental Income: $2082 Traditional Rental Income: $1623 Airbnb ROI: 2.99% Traditional ROI: 3.23%
5412 Sundance RD Salem, VA Located in the highly sought-after Cherokee Hills neighborhood, this 4-bedroom, 3-bath spl...	4 beds \| 3 baths \| 2,142 sq.ft.	$420,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.88% Airbnb Rental Income: $null Traditional Rental Income: $2617 Airbnb ROI: N/A Traditional ROI: 4.88%
423 Parkdale DR Salem, VA New refinished hardwood floors. NEW PAINT!!!! Kitchen Vinyl has been replaced. Roof has b...	2 beds \| 1 baths \| N/A	$209,950	Airbnb cash on cash: 1.53% Traditional cash on cash: 4.96% Airbnb Rental Income: $1123 Traditional Rental Income: $1430 Airbnb ROI: 1.53% Traditional ROI: 4.96%
2105 MOUNTAIN AVE Salem, VA ONE AND A HALF STORY WITH LARGE 2 CAR GARAGE WITH LIFT..GREAT FOR CAR RESTORATION OR DIY ....	3 beds \| 1 baths \| 1,274 sq.ft.	$210,000	Airbnb cash on cash: 5.35% Traditional cash on cash: 6.06% Airbnb Rental Income: $2082 Traditional Rental Income: $1688 Airbnb ROI: 5.35% Traditional ROI: 6.06%
1930 McVitty RD Salem, VA Enjoy the ease of one-level living in this beautifully designed home featuring an open flo...	3 beds \| 3 baths \| 1,908 sq.ft.	$389,900	Airbnb cash on cash: 2.49% Traditional cash on cash: 4.55% Airbnb Rental Income: $2082 Traditional Rental Income: $2299 Airbnb ROI: 2.49% Traditional ROI: 4.55%
519 N Bruffey ST Salem, VA This cute and comfy 2-bedroom, 1-bath home on North Bruffey Street is full of charm and re...	2 beds \| 1 baths \| 832 sq.ft.	$169,950	Airbnb cash on cash: 1.96% Traditional cash on cash: 5.85% Airbnb Rental Income: $1123 Traditional Rental Income: $1377 Airbnb ROI: 1.96% Traditional ROI: 5.85%
4933 Warrior DR Salem, VA This beautifully maintained 2-story brick and vinyl home offers the perfect blend of comfo...	4 beds \| 3 baths \| 2,191 sq.ft.	$429,950	Airbnb cash on cash: N/A Traditional cash on cash: 4.37% Airbnb Rental Income: $null Traditional Rental Income: $2646 Airbnb ROI: N/A Traditional ROI: 4.37%
1109 Stoutamire DR Salem, VA Welcome home to this charming beautifully maintained 3-bedroom, 2-bath ranch in the Fores...	3 beds \| 2 baths \| N/A	$340,000	Airbnb cash on cash: 3.02% Traditional cash on cash: 4.1% Airbnb Rental Income: $2082 Traditional Rental Income: $1889 Airbnb ROI: 3.02% Traditional ROI: 4.1%
1848 Mountainwood DR Salem, VA NESTLED IN THE MOUNTAINS OF WEST ROANOKE COUNTY IN SALEM IS THIS ADORABLE ONE LEVEL HOME O...	3 beds \| 2 baths \| N/A	$274,950	Airbnb cash on cash: 4.05% Traditional cash on cash: 4.73% Airbnb Rental Income: $2082 Traditional Rental Income: $1722 Airbnb ROI: 4.05% Traditional ROI: 4.73%
400 Walnut RD Salem, VA Amazing home in the heart of Salem surrounded by 7 pristine acres and walking distance to ...	4 beds \| 3 baths \| 3,555 sq.ft.	$1,275,000	Airbnb cash on cash: N/A Traditional cash on cash: 1.18% Airbnb Rental Income: $null Traditional Rental Income: $2838 Airbnb ROI: N/A Traditional ROI: 1.18%
2356 W RIVERSIDE DR Salem, VA ONE OWNER HOME ON OVER 2 ACRES IN TOWN! HOME FEATURES 3 BEDROOMS, 1 BATH, DINING ROOM, REP...	3 beds \| 1 baths \| 1,637 sq.ft.	$264,000	Airbnb cash on cash: 4.09% Traditional cash on cash: 4.41% Airbnb Rental Income: $2082 Traditional Rental Income: $1626 Airbnb ROI: 4.09% Traditional ROI: 4.41%
2824 Beldon DR Salem, VA 2.6 acres on Masons Creek with home nestled in the woods awaits you! Bring your fishing ro...	2 beds \| 1 baths \| 867 sq.ft.	$235,000	Airbnb cash on cash: 1.52% Traditional cash on cash: 4.91% Airbnb Rental Income: $1123 Traditional Rental Income: $1499 Airbnb ROI: 1.52% Traditional ROI: 4.91%
2503 GATEHOUSE LN Salem, VA Hard to find 3 bedroom condo in Ridgewood. Walk straight in from the parking lot. 3 bed ...	3 beds \| 2 baths \| 1,352 sq.ft.	$259,950	Airbnb cash on cash: 2.94% Traditional cash on cash: 3.75% Airbnb Rental Income: $2082 Traditional Rental Income: $1744 Airbnb ROI: 2.94% Traditional ROI: 3.75%
1721 Walden CIR Salem, VA Luxury Living Surrounded by Nature's PrivacyExperience refined comfort and modern convenie...	4 beds \| 5 baths \| 4,812 sq.ft.	$799,950	Airbnb cash on cash: N/A Traditional cash on cash: 4.04% Airbnb Rental Income: $null Traditional Rental Income: $4184 Airbnb ROI: N/A Traditional ROI: 4.04%
234 Kimball AVE Salem, VA Don't miss this beautifully remodeled 2-bedroom home in the city of Salem, in the most con...	2 beds \| 1 baths \| 958 sq.ft.	$239,900	Airbnb cash on cash: 1.23% Traditional cash on cash: 4.16% Airbnb Rental Income: $1123 Traditional Rental Income: $1411 Airbnb ROI: 1.23% Traditional ROI: 4.16%
216 Wilson St Salem, VA SELLER OFFERING $5,000 Concession for improvements. Move-In Ready Gem in Salem! Walk to Ev...	2 beds \| 1 baths \| 944 sq.ft.	$221,222	Airbnb cash on cash: 1.31% Traditional cash on cash: 5.34% Airbnb Rental Income: $1123 Traditional Rental Income: $1591 Airbnb ROI: 1.31% Traditional ROI: 5.34%
1765 Richland Hills Drive Salem, VA Charming bungalow on a flat 1.1-acre lot! This well-maintained home comes equipped with a ...	2 beds \| 1 baths \| 858 sq.ft.	$225,000	Airbnb cash on cash: 1.38% Traditional cash on cash: 4.78% Airbnb Rental Income: $1123 Traditional Rental Income: $1470 Airbnb ROI: 1.38% Traditional ROI: 4.78%
2158 River Oaks DR Salem, VA Now available! This beautiful colonial home, located in Russlen Farms is ready for you! Th...	5 beds \| 5 baths \| 4,211 sq.ft.	$699,500	Airbnb cash on cash: N/A Traditional cash on cash: 4.58% Airbnb Rental Income: $null Traditional Rental Income: $4312 Airbnb ROI: N/A Traditional ROI: 4.58%

Real Estate investment in Salem, VA

There are 35 properties for sale in the city of Salem . The median list price in Salem is $379,950 and the average price per square foot is $171. In December 2025, the average monthly cash on cash return in Salem is 5.00%. The average monthly rental income in Salem is $2,275.

Salem, VA Real Estate Investing: FAQs for Buyers, Sellers and Investors

There are 35 investment properties available for sale in Salem.

In 2025, the best neighborhood to buy investment property is Salem.

The ROI for Long-Term is higher than the Short-Term in Salem with average rental income of $2,275.

Your search for investment property begins and ends here

Investment Property for Sale in Salem, VA

112 UPLAND DR

Salem, VA

4 beds | 3 baths | 2,338 sq.ft.

$379,950

Airbnb cash on cash: N/A

Traditional cash on cash: 5.41%

Airbnb Rental Income: $null

Traditional Rental Income: $2679

Airbnb ROI: N/A

Traditional ROI: 5.41%

5615 Prunty DR

Salem, VA

4 beds | 3 baths | N/A

$359,000

Airbnb cash on cash: N/A

Traditional cash on cash: 5.13%

Airbnb Rental Income: $null

Traditional Rental Income: $2441

Airbnb ROI: N/A

Traditional ROI: 5.13%

2517 Brandy Run DR

Salem, VA

3 beds | 4 baths | 4,316 sq.ft.

$729,950

Airbnb cash on cash: 0.1%

Traditional cash on cash: 1.94%

Airbnb Rental Income: $2082

Traditional Rental Income: $2797

Airbnb ROI: 0.1%

Traditional ROI: 1.94%

826 Red LN

Salem, VA

3 beds | 3 baths | 2,232 sq.ft.

$374,500

Airbnb cash on cash: 2.21%

Traditional cash on cash: 5.2%

Airbnb Rental Income: $2082

Traditional Rental Income: $2598

Airbnb ROI: 2.21%

Traditional ROI: 5.2%

264 Bonavista RD

Salem, VA

4 beds | 2 baths | N/A

$285,000

Airbnb cash on cash: N/A

Traditional cash on cash: 6.05%

Airbnb Rental Income: $null

Traditional Rental Income: $2250

Airbnb ROI: N/A

Traditional ROI: 6.05%

801 Virginia AVE

Salem, VA

4 beds | 4 baths | 3,413 sq.ft.

$569,500

Airbnb cash on cash: N/A

Traditional cash on cash: 4.84%

Airbnb Rental Income: $null

Traditional Rental Income: $3696

Airbnb ROI: N/A

Traditional ROI: 4.84%

4901 Glenvar Hights Boulevard

Salem, VA

5 beds | 5 baths | 4,952 sq.ft.

$494,000

Airbnb cash on cash: N/A

Traditional cash on cash: 6.88%

Airbnb Rental Income: $null

Traditional Rental Income: $4122

Airbnb ROI: N/A

Traditional ROI: 6.88%

4630 Deer Trail DR

Salem, VA

3 beds | 4 baths | 3,053 sq.ft.

$649,950

Airbnb cash on cash: 0.44%

Traditional cash on cash: 2.59%

Airbnb Rental Income: $2082

Traditional Rental Income: $2844

Airbnb ROI: 0.44%