For sale

$325,000

52 Public Square, Salem, IN 47167

4beds

11,556sqft

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Quadruplex, Multi Family

Built in 1940

-- sqft lot

$327,900 Zestimate^®

$28/sqft

$-- HOA

What's special

Large commercial space

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.

9 hours

45

2

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Facts & 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: $28/sqft
Annual tax amount: $3,079
Date on market: 7/16/2026
Listing terms: Cash,Conventional

Estimated market value

$327,900

$312,000 - $344,000

$1,572/mo

Price history

Date	Event	Price
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

Payment breakdown

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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included

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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