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For sale
    • $219,900

    500 N College, Salem, IN 47167

    4beds
    1,740sqft
    : 
    $1,441/mo
    Get pre-qualified
    Duplex, Multi Family, Single Family Residence
    Built in 2021
    -- sqft lot
    $218,500 Zestimate®
    $126/sqft
    $-- HOA

    What's special

    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!
    48 days
    |
    220
    |
    24
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Evan Hunt,

    Knobstone Properties LLC,

    Christy Hunt,

    Knobstone Properties LLC

    Source: SIRA,MLS#: 202609242MLS LogoOriginating MLS: Southern Indiana REALTORS Association

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 4
      • Bathrooms: 2
      • Full bathrooms: 2
      Primary bedroom
      • Description: Unit 100
      • Level: First
      Primary bedroom
      • Description: Unit 102
      • Level: First
      Bedroom
      • Description: Unit 100
      • Level: First
      Bedroom
      • Description: Unit 102
      • Level: First
      Dining room
      • Description: Unit 100
      • Level: First
      Dining room
      • 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
      Other
      • Description: Unit 100 Laundry
      • Level: First
      Other
      • Description: Unit 102 Laundry
      • Level: First
      Heating
      • Heat Pump
      Cooling
      • Central Air
      Appliances
      • Included: Oven, Range, Refrigerator
      • Laundry: Main Level, Laundry Room
      Features
      • Eat-in Kitchen, Bath in Primary Bedroom, Main Level Primary, Mud Room, Utility Room
      • Has basement: No
      • Has fireplace: No
      Interior area
      • Total structure area: 1,740
      • Total interior livable area: 1,740 sqft
      • Finished area above ground: 1,740
      • Finished area below ground: 0

      Property

      Parking
      • Details: Off Street
      Features
      • Levels: One
      • Stories: 1
      • Patio & porch: Covered, Porch
      • Exterior features: Landscaping, Porch
      Lot
      • Size: 0.25 Acres
      • Features: Corner Lot
      Details
      • Parcel number: 1317224017000022
      • Zoning: Residential,Multi Family
      • Zoning description: Residential,Multi Family

      Construction

      Type & style
      • Home type: MultiFamily
      • Architectural style: One Story,Modular/Prefab
      • Property subtype: Duplex, Multi Family, Single Family Residence
      • Attached to another structure: Yes
      Materials
      • Vinyl Siding
      Condition
      • Resale
      • New construction: No
      • Year built: 2021

      Utilities & green energy

      • Sewer: Public Sewer
      • Water: Connected, Public

      Community & HOA

      Location
      • Region: Salem

      Financial & listing details

      • Price per square foot: $126/sqft
      • Tax assessed value: $236,000
      • Annual tax amount: $4,720
      • Date on market: 6/15/2026
      • Cumulative days on market: 49 days
      • Listing terms: Cash,Conventional,FHA
      • Road surface type: Paved

        Estimated market value

        $218,500

        $208,000 - $229,000

        $1,414/mo

        Price history

        DateEventPrice
        6/15/2026Listed for sale$219,900+999.5%$126/sqft
        Source: SIRA #202609242 Report a problem
        3/24/2021Listing removed--
        Source: Owner Report a problem
        3/31/2017Listing removed$20,000$11/sqft
        Source: Owner Report a problem
        3/24/2017Price change$20,000-9.1%$11/sqft
        Source: Owner Report a problem
        2/10/2017Price change$22,000-8.3%$13/sqft
        Source: Owner Report a problem
        2/6/2017Price change$24,000-17.2%$14/sqft
        Source: Owner Report a problem
        1/31/2017Listed for sale$29,000$17/sqft
        Source: Owner Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$3,198 +14.4%$236,000 +47.6%
        2024$2,796 +21.7%$159,900 +14.4%
        2023$2,298 +2737%$139,800 +21.7%
        2022$81 $114,900 +4155.6%
        2021-- $2,700
        2020-- --
        2019-- --
        2018$135 -45%--
        2017$246 +0.5%$36,200 +5.8%
        2016$244 +9.4%$34,200 +0.6%
        2014$223 +5.9%$34,000 -0.9%
        2013$211 -64.1%$34,300 +17.1%
        2012$588 -36.6%$29,300 -36.7%
        2011$928 +20.2%$46,300 +20.3%
        2010$772 +199.2%$38,500 +200.8%
        2009$258 -26.6%$12,800 +1.6%
        2007$351 +11.1%$12,600 +0.8%
        2006$316 $12,500
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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        Climate risks

        Neighborhood: 47167

        Getting around

        59 / 100
        Somewhat Walkable
        37 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating

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