500 N College Salem, IN $ 219,900
500 N College
$ 219,900
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500 N College

Salem, IN, 47167
$ 219,900
Bedrooms4 Baths2.0 Sq 1,740

Monthly Estimate*

$ 1,354

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Multi-Family Home for sale in Salem, IN

for $219,900 with 4 bedrooms and 2 full baths. This 1,740 square foot home was built in 2021 on a lot size of 0.25.

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!

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Multi-Family Active

Price

$ 219,900

Bedrooms

4

Full Bath

2

Property Type

Multi-Family

Taxes

$ 4,720

Style

Lot Size

0.25

Year Built

2021

Town/City

Salem

County/Region

Washington

MLS | Web ID

202609242

Features
General
Sewer PublicSewer
Heating HeatPump
Cooling CentralAir
Possession Negotiable
Appliances Oven Range Refrigerator
Zoning Residential Multi Family
Patio/Porch Features Covered Porch
Architectural Style OneStory ModularPrefab
Construction Materials VinylSiding
Year Built 2021
Stories Count 1
Township Washington
Levels One
Property Subtype Duplex
County Washington
New Construction false
Property Type Residential
Garage Y/N false
Total Rooms 14
Full Baths 2
Status Active
Directions Take Hwy 56 west from 4 way of 135 & 56 Take a left on College Duplex will be on the corner of College Ave and Salem Ave.
City Salem
Zoning Description Residential Multi Family
Lot Size Units Acres
Lot Size Square Feet 10890
Listing Terms Cash Conventional FHA
Tax Annual Amount 4720
Property Condition Resale
Structure Type Duplex
Standard Status Active
Occupancy Type Tenant
Property Sub Type Additional Residential
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Interior
Interior Amenities EatInKitchen BathInPrimaryBedroom MainLevelPrimary MudRoom UtilityRoom
Basement (Y/N) false
Air Conditioning Y/N true
Heating Y/N true
Fireplace Y/N false
Above Grade Finished Area 1740
Half Baths 0
Laundry Features MainLevel LaundryRoom
Total Bedrooms 4
Below Grade Finished Area 0
Total Baths 2
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Exterior
Exterior Amenities Landscaping Porch
Lot Features CornerLot
Water Source Connected Public
Lot Size Area 0.25
Building Area Total 1740
Lot Size Acres 0.25
Road Surface Type Paved
Other Parking Off Street
Lot Size Source Assessor
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* Excluded Features
List By
Evan Hunt

Listing Agent

Knobstone Properties Llc

Broker

evan@knobstoneproperties.com

Email

Affordability Calculator

$1,747
Per Month
77%
23%
0%
Monthly Principal & Interest
$1,354
Monthly Property Taxes
$393
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
0 Elementary School
0 Middle School
Pricing History
DatePricePrice ChangeDescription
6/15/2026$219,900 Listed Price

Map


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500 N College, Salem, IN, 47167 is a Multi-Family Home for sale at $219,900 with 1,740 sqft and a lot size of 0.25. 500 N College has 4 bedrooms, 2.0 baths, and was built in 2021. The property's zip code is 47167 which is in Salem, IN