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15
  • Property Type
  • Duplex, Residential
  • 4
  • Bedrooms
  • 2
  • Bathrooms
  • 1740 Sqft
  • Area Size
  • 0.25 Acres
  • Land Area
  • 2021
  • Year Built
  • Knobstone Properties LLC
  • Office Name
500 N College, Salem, Indiana 47167
  • $219,900

Description

Whether you’re looking to expand your investment portfolio or live in one unit while generating income from the other, this WELL MAINTAINED DUPLEX is a must see! With both units producing over $1, 700 per month in gross rental income, this property offers immediate earning potential. Conveniently situated near shopping, dining, schools, and other local amenities, the location is hard to beat. Each unit features a spacious open-concept layout that seamlessly connects the living room, kitchen, and dining area. The kitchens offer ample workspace with a large breakfast bar, perfect for everyday living and entertaining. You’ll also appreciate the 2 generously sized bedrooms sharing 1 large bathroom, oversized utility room, and the added storage provided by the large attached shed accessible from the patio area. Each unit currently rents for $875 per month, tenants are currently under provided leases and are wonderful to work with. Don’t miss this rare opportunity to own a versatile, income-producing property in a prime Salem location!

  • Address: 500 N College
  • City: Salem
  • State/county: IN
  • Zip/Postal Code: 47167

Details

Updated on June 17, 2026 at 1:38 pm
  • Property ID HZ202609242
  • Price $219,900
  • Property Size 1740 Sqft
  • Land Area 0.25 Acres
  • Bedrooms 4
  • Rooms 14
  • Bathrooms 2
  • Garage Size x x
  • Year Built 2021
  • Property Type Duplex, Residential
  • Property Status Active
  • MLS# 202609242
  • Agent Name Evan Hunt


Listing courtesy of Evan Hunt MLS # 202609242

Listing information is provided by Participants of the Southern Indiana REALTOR Association MLS. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2026, Southern Indiana REALTOR Association MLS.

eXp Realty Indiana | Jason Engle, State Broker | 9465 Counselors Row Ste. 200 Indianapolis, IN 46240 | 888-611-3912 | IN.Broker@exprealty.net

Data last updated at: June 17, 2026 at 1:38 pm

Additional details

  • Listing Terms Cash, Conventional, FHA
  • Sewer Public Sewer
  • Cooling Central Air
  • Heating Heat Pump
  • County Washington
  • Property Type Residential
  • Architectural Style One Story, Modular/Prefab

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IDX information is provided by the Indiana Regional MLS. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2026, Indiana Regional MLS.
eXp Realty Indiana | Jason Engle, State Broker | 107 N State Road 135, Suite 101-5, Greenwood, IN 46142 | 888-611-3912 | IN.Broker@exprealty.net

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