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509 N High Street Salem, IN $ 115,000
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509 N High Street
$ 115,000
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509 N High Street

Salem, IN, 47167
$ 115,000
Bedrooms4 Baths3.0 Sq 2,584

Monthly Estimate*

$ 708

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Multi-Family Home for sale in Salem, IN

for $115,000 with 4 bedrooms and 3 full baths. This 2,584 square foot home was built in 1940.

INVESTMENT. OPPORTUNITY. PROFITABLE. This three unit apartment building offers excellent income potential in a convenient, central location close to shopping, dining, and everyday amenities. With one unit currently rented and two units available, this property provides immediate and future rental opportunities. Units 1 and 2, located on the main level, each feature one bedroom, one bathroom, and an eat-in kitchen. Unit 3, situated upstairs, offers two bedrooms, one bathroom, and a kitchen, making it ideal for larger households or increased rental value. Additional highlights include off-street asphalt parking and a shared laundry area for tenant convenience. Utilities are provided by Duke and Town of Washington Water. Whether youre expanding your portfolio or stepping into your first multi-unit investment, this property presents a strong opportunity with flexible rental options and a desirable location.

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Multi-Family Active

Price

$ 115,000

Bedrooms

4

Full Bath

3

Property Type

Multi-Family

Taxes

$ 4,074

Style

Apartment Building

Year Built

1940

Town/City

Salem

County/Region

Washington

MLS | Web ID

202603429
Features
General
Heating Electricity Baseboard
Cooling Window
Sewer City
# of Buildings 1
Status Active Active
Full Baths 3
Half Baths 0
Bathrooms 3
Year Built 1940
Parking Off Street
New Construction No
Tenant Pays Electric
Subdivision None
Style One and Half Story
Stories Count 1.5
Township Washington
Class INVESTMENT
Type Apartment Building
Age 86
Net Income 24965.6
Rent Income 32640
Features Ceiling Fan Countertops-Laminate Eat-In Kitchen Patio Covered Porch Covered
REO No
Status Detail 0
Area Washington County
Location City/Town/Suburb
High School Salem
City Salem
School District Salem Community Schools
Total Sq Ft 2907
Elementary School Bradie M Shrum
Middle School Salem
Legal Description 13-17-224-022.000-22 PT NW 17-2-4 .3ac
Agent First Name Natasha
Agent Last Name Johns
DOM 1
Tax Year Current
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Interior
Basement Unfinished
Flooring Carpet Laminate
Beds 4
Total Number of Units 3
Microwaves 0
Refrigerators 3
Washers 1
Dryer(s) 1
Dishwasher(s) 0
Disposal(s) 0
Above Grade Bedrooms 4
Below Grade Baths 0
Below Grade Bedrooms 0
Total Rooms Below Grade 0
Ranges/Ovens 3
W/D Hookups 0
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Exterior
Exterior Wood
Pool No
Number of Parking Spaces 3
Lot Size Area 13068
Lot Dimensions Irregular
Lot Description Irregular
Outbuilding None
Waterfront Y/N No
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* Excluded Features
List By
Natasha Johns

Listing Agent

Williams Carpenter Realtors

Broker

njohns@callcarpenter.com

Email

Affordability Calculator

$1,048
Per Month
68%
32%
0%
Monthly Principal & Interest
$708
Monthly Property Taxes
$340
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
1544923 Elementary School
1281207 Middle School
Salem High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
2/3/2026$115,000 Listed Price

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509 N High Street, Salem, IN, 47167 is a Multi-Family Home for sale at $115,000 with 2,584 sqft. 509 N High Street has 4 bedrooms, 3.0 baths, and was built in 1940. The property's zip code is 47167 which is in Salem, IN

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