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52 Public Square Salem, IN $ 325,000
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52 Public Square
$ 325,000
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52 Public Square

Salem, IN, 47167
$ 325,000
Bedrooms4 Baths3.3 Sq 11,556

Monthly Estimate*

$ 2,052

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Single Family Home for sale in Salem, IN

for $325,000 with 4 bedrooms and 3 full baths, 3 half baths. This 11,556 square foot home was built in 1940 on a lot size of 0.12.

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.

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Single Family Active

Price

$ 325,000

Bedrooms

4

Full Bath

3

Half Bath

3

Property Type

Single Family

Taxes

$ 3,079

Style

Lot Size

0.12

Year Built

1940

Town/City

Salem

County/Region

Washington

MLS | Web ID

2026010208
Features
General
Sewer Public Sewer
Heating Other
Cooling Wall Unit(s)
Possession Close Of Escrow
Roof Other
Zoning Central Business District
Architectural Style Two Story
Construction Materials Brick
Year Built 1940
Stories Count 2
Township Washington
Levels Two
Property Subtype Residential
Community Features Sidewalks
County Washington
New Construction false
Property Type Residential
Garage Y/N false
Total Rooms 0
Full Baths 3
Status Active
Directions Southwest corner of downtown square.
City Salem
Zoning Description Central Business District
Lot Size Units Acres
Lot Size Square Feet 5227.2
Listing Terms Cash Conventional
Tax Annual Amount 3079
Property Condition Resale
Structure Type Quadruplex
Standard Status Active
Property Sub Type Additional Residential
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Interior
Interior Amenities Storage
Basement Partially Finished Unfinished
Basement (Y/N) true
Air Conditioning Y/N true
Fireplace Y/N false
Above Grade Finished Area 10296
Half Baths 3
Total Bedrooms 4
Below Grade Finished Area 1260
Total Baths 6
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Exterior
Water Source Connected Public
Lot Size Area 0.12
Building Area Total 11556
Lot Size Acres 0.12
Other Parking On Street
Lot Size Source Assessor
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* Excluded Features
List By
Lori J. Gilstrap

Listing Agent

The Day Company Realtors

Broker

ljgilstrap@gmail.com

Email

Affordability Calculator

$2,309
Per Month
89%
11%
0%
Monthly Principal & Interest
$2,052
Monthly Property Taxes
$257
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% 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
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Pricing History
DatePricePrice ChangeDescription
7/16/2026$325,000 Listed Price

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52 Public Square, Salem, IN, 47167 is a Single Family Home for sale at $325,000 with 11,556 sqft and a lot size of 0.12. 52 Public Square has 4 bedrooms, 3.3 baths, and was built in 1940. The property's zip code is 47167 which is in Salem, IN

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