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  • Property Type
  • Residential, Residential
  • 4
  • Bedrooms
  • 6
  • Bathrooms
  • 11556 Sqft
  • Area Size
  • 0.12 Acres
  • Land Area
  • 1940
  • Year Built
  • The Day Company REALTORS
  • Office Name
52 Public Square, Salem, Indiana 47167
  • $299,000
  • $325,000

Description

Price Correction — RARE OPPORTUNITY TO OWN THIS MULTI-FAMILY INVESTMENT PROPERTY within historic downtown Salem. Combination of 5 rental units: 1 large commercial space ($1, 700/mo), 1-two bedroom unit ($875/mo), 2-one bedroom units ($780/mo each), and an additional commercial unit ($500/mo)! Open your own business and have rental income that makes your payment…. add to your current portfolio….use this to start your own investment portfolio….live in one unit while running a business and still having income to make your mortgage….so many possibilities that you can’t go wrong. These units are nice and have been well-maintained. MAIN LEVEL BEING KEPT VACANT FOR YOUR NEW BUSINESS — all other units RENTED. All city utilities.

  • Address: 52 Public Square
  • City: Salem
  • State/county: IN
  • Zip/Postal Code: 47167

Details

Updated on July 22, 2026 at 12:02 am
  • Property ID HZ2026010208
  • Price $299,000
  • Property Size 11556 Sqft
  • Land Area 0.12 Acres
  • Bedrooms 4
  • Bathrooms 6
  • Garage Size x x
  • Year Built 1940
  • Property Type Residential, Residential
  • Property Status Active
  • MLS# 2026010208
  • Agent Name Lori J. Gilstrap


Listing courtesy of Lori J. Gilstrap MLS # 2026010208

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: July 22, 2026 at 12:02 am

Additional details

  • Listing Terms Cash, Conventional
  • Roof Other
  • Sewer Public Sewer
  • Cooling Wall Unit(s)
  • Heating Other
  • County Washington
  • Property Type Residential
  • Community Features Sidewalks
  • Architectural Style Two Story

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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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