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.
For sale
$350,000
52 Public Square, Salem, IN 47167
4beds
11,556sqft
Est.:
Quadruplex, Multi Family
Built in 1940
-- sqft lot
$327,900 Zestimate®
$30/sqft
$-- HOA
What's special
Additional commercial unitTwo bedroom unitLarge commercial spaceOne bedroom units
- 126 days
- on Zillow |
- 158 |
- 14 |
Zillow last checked: 7 hours ago
Listing updated: January 31, 2025 at 08:45am
Listed by:
Lori J. Gilstrap,
The Day Company REALTORS
Source: SIRA,MLS#: 2024012896
Originating MLS: Southern Indiana REALTORS Association

Travel times
Tour with a buyer’s agent
Tour with a buyer’s agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 6
- Full bathrooms: 3
- 1/2 bathrooms: 3
Heating
- Other
Cooling
- Wall Unit(s)
Features
- Storage
- Basement: Partially Finished,Unfinished
- Has fireplace: No
Interior area
- Total structure area: 11,556
- Total interior livable area: 11,556 sqft
- Finished area above ground: 10,296
- Finished area below ground: 1,260
Property
Parking
- Details: On Street
Features
- Levels: Two
- Stories: 2
Lot
- Size: 5,227.2 Square Feet
Details
- Parcel number: 882417334028000022
- Zoning: Central Business District
- Zoning description: Central Business District
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Two Story
- Property subtype: Quadruplex, Multi Family
Materials
- Brick
- Roof: Other
Condition
- Resale
- New construction: No
- Year built: 1940
Utilities & green energy
- Sewer: Public Sewer
- Water: Connected, Public
Community & HOA
Community
- Features: Sidewalks
Location
- Region: Salem
Financial & listing details
- Price per square foot: $30/sqft
- Annual tax amount: $3,079
- Date on market: 12/20/2024
- Listing terms: Cash,Conventional
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