For sale

$209,900

406 S Posey Street, Salem, IN 47167

3beds

1,216sqft

$1,375/mo

Get pre-qualified

Duplex, Multi Family

Built in 2022

-- sqft lot

$204,800 Zestimate^®

$173/sqft

$-- HOA

What's special

Attractive duplexExtra paved parkingOpen-concept floor planQuiet dead-end street

Looking for a smart investment opportunity? Live in one unit and let the other help pay the mortgage! Built in 2022, this attractive duplex features one 2-bedroom unit and one 1-bedroom unit, offering flexibility for homeowners and investors alike. Each unit boasts an open-concept floor plan with spacious living areas that can accommodate a variety of furniture arrangements and lifestyles. Situated on a quiet dead-end street, you'll enjoy peaceful surroundings and minimal traffic both day and night .Unit 100 1 bdrm rents for $695 Unit 102 2 bdrm Rents for $795 Additional features include extra paved parking, private storage sheds for each unit, and low-maintenance living in a desirable location. Whether you're seeking rental income, multi-generational living, or an addition to your investment portfolio, this property is ready to deliver.

79 days
75
6

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 3
Bathrooms: 2
Full bathrooms: 2

Primary bedroom

Description: Unit 100
Level: First

Primary bedroom

Description: Unit 102
Level: First

Bedroom

Description: Unit 102
Level: First

Other

Description: Unit 100
Level: First

Other

Description: Unit 102
Level: First

Kitchen

Description: Unit 100
Level: First

Kitchen

Description: Unit 102
Level: First

Living room

Description: Unit 100
Level: First

Living room

Description: Unit 102
Level: First

Heating

Other

Cooling

Wall Unit(s)

Appliances

Included: Oven, Range, Refrigerator
Laundry: Main Level, Other

Features

Eat-in Kitchen, Bath in Primary Bedroom, Main Level Primary, Open Floorplan, Utility Room
Has basement: No
Has fireplace: No

Interior area

Total structure area: 1,216
Total interior livable area: 1,216 sqft
Finished area above ground: 1,216
Finished area below ground: 0

Property

Parking

Parking features: Open
Has uncovered spaces: Yes
Details: Off Street

Features

Levels: One
Stories: 1
Exterior features: Landscaping, Paved Driveway

Lot

Size: 7,405 Square Feet
Features: Corner Lot, Dead End

Details

Parcel number: 8824173305500022
Zoning: Multi Family
Zoning description: Multi Family

Construction

Type & style

Home type: MultiFamily
Architectural style: One Story
Property subtype: Duplex, Multi Family
Attached to another structure: Yes

Materials

Vinyl Siding

Condition

Resale
New construction: No
Year built: 2022

Utilities & green energy

Sewer: Public Sewer
Water: Connected, Public

Community & HOA

Location

Region: Salem

Financial & listing details

Price per square foot: $173/sqft
Tax assessed value: $182,800
Annual tax amount: $3,656
Date on market: 6/15/2026
Cumulative days on market: 80 days
Listing terms: Cash,Conventional,FHA
Road surface type: Paved

Estimated market value

$204,800

$195,000 - $215,000

$1,529/mo

Price history

Date	Event	Price
6/15/2026	Listed for sale	$209,900$173/sqft
Source: SIRA #202609247 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$3,210 +19.4%	$182,800 +13.9%
2024	$2,688 +4615.8%	$160,500 +19.4%
2023	$57	$134,400 +6973.7%
2022	$57	$1,900
2021	$57	$1,900
2020	$57	$1,900
2019	$57	$1,900
2018	$57	$1,900
2017	$57	$1,900
2016	$57	$1,900
2014	$57	$1,900
2013	$57 -32.1%	$1,900 -32.1%
2012	$84 -17.6%	$2,800 -45.1%
2011	$102	$5,100
2010	$102	$5,100
2009	$102 -28.3%	$5,100
2007	$142 +10.2%	$5,100
2006	$129	$5,100