NOT LISTED FOR SALE

100 Walnut Tree Dr Salem, IN 47167

Salem Area

Estimated Value: $1,190,000 - $1,554,000

32 Beds
23 Baths
41,734 Sq Ft
$31/Sq Ft Est. Value

Sale Details

Date Sold: March 19, 2026

Last sale price $1,200,000 $29 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $8,398 / mo

169 Days on Market

Highlights

  • Vaulted Ceiling
  • Multiple cooling system units
  • Wood Siding
  • Tile Flooring

About This Home

As of March 2026

Looking for the opportunity to have rental income? This is your chance with 8 buildings, 21 units and they are all leased. Great location just off of SR 60. Call to schedule your showing today, please allow enough time for the tenants to be notified.

Last Agent to Sell the Property

Mary Finkle

Mainstreet Realtors Brokerage Email: info@mainstreetrealtor.com Listed on: 07/23/2025

Last Buyer's Agent

Mary Finkle

Mainstreet Realtors Brokerage Email: info@mainstreetrealtor.com Listed on: 07/23/2025

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $8,442

Year Built

  • Built in 1975

Lot Details

  • 2.1 Acre Lot

Home Design

  • Wood Siding
  • Block Exterior
  • Vinyl Construction Material

Interior Spaces

  • 2-Story Property
  • Vaulted Ceiling
  • Washer Hookup

Flooring

  • Carpet
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 32 Bedrooms
  • 23 Full Bathrooms

Partially Finished Basement

  • 1 Bathroom in Basement
  • 1 Bedroom in Basement

Parking

  • 25 Parking Spaces
  • Off-Street Parking

Schools

  • Bradie M Shrum Elementary School
  • Salem Middle School
  • Salem High School

Utilities

  • Multiple cooling system units
  • Electric Water Heater

Listing and Financial Details

  • Tenant pays for electric
  • The owner pays for building insurance, tax
  • Assessor Parcel Number 88-24-18-224-004.001-022

Community Details

Overview

  • 6 Buildings
  • 21 Units

Pet Policy

  • Pets Allowed with Restrictions

Building Details

  • Insurance Expense $13,200
  • Maintenance Expense $15,000
  • Water Sewer Expense $22,800

Property Details

Home Type

Apartment

Est. Annual Taxes

$8,442

Year Built

Built in 1975

Lot Details

2.1 Acres

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Apartment Complex
  • Year Built: 1975
  • Bedrooms: 32
  • Total Bathrooms: 23
  • Total Full Bathrooms: 23
  • Legal Description: 13-18-224-004.001-22 PT NW 18-2-4 2.10AC
  • Parcel Number ID: 88-24-18-224-004.001-022
  • Platted: Yes
  • Amenities: Off Street Parking, Ceilings-Vaulted, Deck Open, Water Heater Electric, Washer Hook-Up
  • Number Below Grade Bedrooms: 1
  • Special Features: None

Interior Features

  • Total Sq Ft: 41734
  • Total Finished Sq Ft: 41734
  • Above Grade Finished Sq Ft: 41190
  • Below Grade Finished Sq Ft: 544
  • Basement: Yes
  • Basement Foundation: Partial Basement
  • Flooring: Carpet, Tile, Vinyl
  • Number Below Grade Bathrooms: 1
  • Total Below Grade Sq Ft: 544
  • Number Of Ranges Ovens: 21
  • Number Ttl Rooms Below Grade: 2

Exterior Features

  • Exterior: Block, Vinyl, Wood
  • Stories: 2

Garage/Parking

  • Number Of Parking Spaces: 25

Utilities

  • Cooling: Multiple Cooling Units
  • Sewer: City
  • Water Utilities: City
  • Annual Insurance Expense: 13200
  • Annual Maintenance Expense: 15000
  • Annual Water Sewer Expense: 22800
  • Number Of W D Hookups: 8

Condo/Co-op/Association

  • Pet Restrictions: Yes

Schools

  • Elementary School: Bradie M Shrum

Lot Info

  • Lot Description: 0-2.9999
  • Lot Dimensions: ireggular
  • Estimated Lot Sq Ft: 91476
  • Estimated Lot Size Acres: 2.1

Rental Info

  • Lease Term: 1 Year
  • Owner Pays: Building Insurance, Tax
  • Tenant Pays: Electric

Tax Info

  • Annual Property Tax: 8442

Multi Family

  • Number Of Dryers: 2
  • Number Of Refrigerators: 21
  • Number Of Units: 21
  • Number Of Washers: 2
  • Num Of1 Bedrooms: 9
  • Num Of2 Bedrooms: 10

MLS Schools

  • High School: Salem
  • Middle School: Salem
  • School District: Salem Community Schools

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
03/19/2026 03/19/26 Sold $1,200,000 -20.0% $29 / Sq Ft
01/08/2026 01/08/26 Pending -- -- --
09/06/2025 09/06/25 Price Changed $1,500,000 -14.3% $36 / Sq Ft
07/23/2025 07/23/25 For Sale $1,750,000 -- $42 / Sq Ft
Source: Indiana Regional MLS

Agents Affiliated with this Home

  • Mary Finkle

    Seller's Agent in 2026

    Mary Finkle

    Mainstreet Realtors

    (812) 883-9555

    242 Total Sales

    Mary Finkle
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Map

Source: Indiana Regional MLS

MLS Number: 202528955

Indiana Regional MLS

APN: 88-24-18-224-004.001-022

Indiana Washington County Salem 47167

100 Walnut Tree Dr, Salem, IN

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Indiana Regional MLS Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
Based on information submitted to the MLS GRID

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