Estimated payment $1,987/month
About This Home
Price Reduction SELLER IS READY TO MOVE THIS PROPERTY.......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.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $3,079
Year Built
- Built in 1940
Lot Details
- 5,227 Sq Ft Lot
- Property is zoned Central Business District
Parking
- On-Street Parking
Interior Spaces
- 11,556 Sq Ft Home
- 2-Story Property
- Storage
- Partially Finished Basement
Bedrooms and Bathrooms
- 4 Bedrooms
Utilities
- Cooling System Mounted In Outer Wall Opening
- Heating Available
- Electric Water Heater
Listing and Financial Details
- Assessor Parcel Number 882417334028000022
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $3,033 | $132,700 | $48,300 | $84,400 |
| 2023 | $3,079 | $134,700 | $48,300 | $86,400 |
| 2022 | $3,100 | $135,600 | $48,300 | $87,300 |
| 2021 | $2,922 | $127,800 | $48,300 | $79,500 |
| 2020 | $2,922 | $127,800 | $48,300 | $79,500 |
| 2019 | $2,922 | $127,800 | $48,300 | $79,500 |
| 2018 | $2,810 | $122,900 | $48,300 | $74,600 |
| 2017 | $2,845 | $124,400 | $48,300 | $76,100 |
| 2016 | $1,738 | $123,600 | $48,300 | $75,300 |
| 2014 | $3,484 | $120,500 | $48,300 | $72,200 |
| 2013 | $3,729 | $124,300 | $48,300 | $76,000 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/23/2025 07/23/25 | Price Changed | $319,900 | -3.0% | $28 / Sq Ft |
| 06/26/2025 06/26/25 | Price Changed | $329,900 | -5.7% | $29 / Sq Ft |
| 05/14/2025 05/14/25 | For Sale | $350,000 | -- | $30 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $108,800 | -- | |
| Warranty Deed | $108,750 | Salem Title Corp | |
| Quit Claim Deed | -- | None Available | |
| Land Contract | -- | None Available | |
| Deed | $135,000 | -- | |
| Quit Claim Deed | -- | None Available | |
| Land Contract | $130,936 | None Available | |
| Quit Claim Deed | -- | None Available | |
| Deed | $125,000 | -- | |
| Quit Claim Deed | -- | None Available |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $128,936 | Seller Take Back | |
| Closed | $0 | Seller Take Back |
Source: Southern Indiana REALTORS® Association
MLS Number: 202508020
APN: 88-24-17-334-028.000-022
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.
IDX information is provided exclusively for consumers’ personal, noncommercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing data is deemed reliable but is not guaranteed accurate by the SIRA MLS.
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