52 Public Square, Salem, IN 47167
Washington County
Key Facts
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.
Property Information
Property Type
Residential
Sub-Type
Single Family Residence
Structure Type
Quadruplex
Year Built
1940
Living Area
11,556 sq ft
Lot Size
0.12 acres
Zoning
Central Business District
Days on Market
5
MLS® Listing#
2026010208
Property Features
Interior
Cooling
Heating
Basement
Parking
Construction
Roof
Community
Utilities
Sewer
Water Source
Financial Details
Annual Taxes
$3,079
Parcel Number
882417334028000022
Directions
Southwest corner of downtown square.
Affordability Calculator
$59,800
Estimated monthly payment
$1,591/mo
Principal $239,200 · Est. interest $333,705 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Salem, IN
- $248,485
- Median Listing Price
- 52
- Median Days on Market
- 1,404
- Median Sq Ft
- $157
- Median Price / Sq Ft
- 68
- Active Listings
- This home’s price is 20% above the area median.
- Its price per sq ft is 84% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Salem, IN.
Location
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Points of Interest in Salem, IN
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Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 406 S Posey Street, Salem, IN | $209,900 | 3 | 2 | 1,216 |
| 506 N College Avenue, Salem, IN | $212,500 | 3 | 1 | 1,216 |
| 306 S Posey Street, Salem, IN | $219,000 | 3 | 2 | 1,561 |
| 303 W Market Street, Salem, IN | $219,900 | 4 | 3 | 3,022 |
| 500 N College, Salem, IN | $219,900 | 4 | 2 | 1,740 |
| 3028 S Middle Fork Lane, Salem, IN | $235,000 | 3 | 2 | 1,680 |
Moving Cost Estimate
EXIT Agents in Salem
Listing Courtesy: The Day Company REALTORS - 812-883-5112
Last Updated: 2026-07-16