509 N High Street, Salem, IN 47167

Local realty services provided by:ERA First Advantage Realty, Inc.
509 N High Street,Salem, IN 47167
$115,000
  • 4 Beds
  • 3 Baths
  • 2,584 sq. ft.
  • Multi-family
  • Active
Listed by: natasha johns
Office: williams carpenter realtors
MLS#:202603429
Source:Indiana Regional MLS

Price summary

  • Price:$115,000
  • Price per sq. ft.:$39.56

About this home

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 you’re 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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Home facts

  • Year built:1940
  • Listing ID #:202603429
  • Added:8 day(s) ago
  • Updated:February 10, 2026 at 04:34 PM

Rooms and interior

  • Bedrooms:4
  • Total bathrooms:3
  • Full bathrooms:3
  • Living area:2,584 sq. ft.

Heating and cooling

  • Cooling:Window
  • Heating:Baseboard, Electricity

Structure and exterior

  • Roof:Metal
  • Year built:1940
  • Building area:2,584 sq. ft.
  • Lot area:0.3 Acres

Schools

  • High school:Salem
  • Middle school:Salem
  • Elementary school:Bradie M Shrum

Utilities

  • Water:City
  • Sewer:City

Finances and disclosures

  • Price:$115,000
  • Price per sq. ft.:$39.56
  • Tax amount:$2,400
IRMLS information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. IRMLS Data is deemed reliable but is not guaranteed accurate by the MLS. IRMLS information provided by the Indiana Regional MLS. Copyright 2026 Indiana Regional MLS LLC.

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