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.
For sale
Price cut: $26K (7/22)
$299,000
52 Public Square, Salem, IN 47167
4beds
11,556sqft
Quadruplex, Multi Family
Built in 1940
-- sqft lot
$-- Zestimate®
$26/sqft
$-- HOA
What's special
Large commercial space
- 49 days
- 124
- 8
Zillow last checked:
Listing updated:
Listed by:
Lori J. Gilstrap,
The Day Company Realtors & Auctioneers
Source: SIRA,MLS#: 2026010208
Originating MLS: Southern Indiana REALTORS Association
Originating MLS: Southern Indiana REALTORS AssociationFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 6
- Full bathrooms: 3
- 1/2 bathrooms: 3
Heating
- Other
Cooling
- Wall Unit(s)
Features
- Storage
- Basement: Partially Finished,Unfinished
- Has fireplace: No
Interior area
- Total structure area: 11,556
- Total interior livable area: 11,556 sqft
- Finished area above ground: 10,296
- Finished area below ground: 1,260
Property
Parking
- Details: On Street
Features
- Levels: Two
- Stories: 2
Lot
- Size: 5,227 Square Feet
Details
- Parcel number: 882417334028000022
- Zoning: Central Business District
- Zoning description: Central Business District
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Two Story
- Property subtype: Quadruplex, Multi Family
- Attached to another structure: Yes
Materials
- Brick
- Roof: Other
Condition
- Resale
- New construction: No
- Year built: 1940
Utilities & green energy
- Sewer: Public Sewer
- Water: Connected, Public
Community & HOA
Community
- Features: Sidewalks
Location
- Region: Salem
Financial & listing details
- Price per square foot: $26/sqft
- Annual tax amount: $3,079
- Date on market: 7/16/2026
- Cumulative days on market: 50 days
- Listing terms: Cash,Conventional
Estimated market value
Not available
Estimated sales range
Not available
$1,225/mo
Price history
| Date | Event | Price |
|---|---|---|
| 7/22/2026 | Price change | $299,000-8%$26/sqft |
Source:  SIRA #2026010208 Report a problem | ||
| 7/16/2026 | Listed for sale | $325,000+1.6%$28/sqft |
Source: SIRA #2026010208 Report a problem | ||
| 11/15/2025 | Listing removed | $319,900$28/sqft |
Source: SIRA #202508020 Report a problem | ||
| 7/23/2025 | Price change | $319,900-3%$28/sqft |
Source: SIRA #202508020 Report a problem | ||
| 6/26/2025 | Price change | $329,900-5.7%$29/sqft |
Source: SIRA #202508020 Report a problem | ||
| 5/15/2025 | Listed for sale | $350,000$30/sqft |
Source: SIRA #202508020 Report a problem | ||
| 5/11/2025 | Listing removed | $350,000$30/sqft |
Source: SIRA #2024012896 Report a problem | ||
| 12/20/2024 | Listed for sale | $350,000$30/sqft |
Source: SIRA #2024012896 Report a problem | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment
