$299,000
$26K PRICE DROP

52 Public Square Salem, IN 47167

Salem Area

Estimated payment $1,899/month

Total Views 1,690
4 Beds
6 Baths
11,556 Sq Ft
$26 Price per Sq Ft

About This Home

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.

Listing Agent

Lori Gilstrap

The Day Company Realtors & Auctioneers Brokerage Phone: 812-883-5112 License #RB14047190 Listed on: 07/16/2026

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,079

Year Built

  • Built in 1940

Parking

  • On-Street Parking

Home Design

  • Quadruplex
  • Brick or Stone Mason

Interior Spaces

  • 2-Story Property
  • Basement

Bedrooms and Bathrooms

  • 4 Bedrooms

Additional Features

  • 5,227 Sq Ft Lot
  • Cooling System Mounted In Outer Wall Opening

Listing and Financial Details

  • Assessor Parcel Number 882417334028000022

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,079

Year Built

Built in 1940

Lot Details

5,227 Sq Ft Lot

Listing Details

  • New Construction: No
  • Parcel Number: 882417334028000022
  • Property Sub Type: Residential
  • Property Type: Residential
  • Year Built: 1940
  • LotSizeAcres: 0.12
  • Co List Office Mls Id: 604
  • Directions: Southwest corner of downtown square.
  • Above Grade Finished Sq Ft: 10296.0
  • Living Area: 11556.0
  • Structure Type: Quadruplex
  • PropertySubTypeAdditional: Residential
  • Special Features: None

Interior Features

  • Basement: Yes
  • Interior Amenities: Storage
  • Full Bathrooms: 3
  • Half Bathrooms: 3
  • Total Bedrooms: 4
  • Below Grade Sq Ft: 1260.0

Exterior Features

  • Stories: 2
  • Construction Type: Brick
  • Roof: Other

Garage/Parking

  • Garage Yn: No

Utilities

  • Cooling: Wall Unit(s)
  • Sewer: Public Sewer
  • Water Source: Connected, Public

Lot Info

  • Zoning: Central Business District
  • Lot Size Sq Ft: 5227.2
  • Land Lease Expiration Date: 2027-01-16
  • Zoning Description: Central Business District

Tax Info

  • Tax Annual Amount: 3079.0

Map

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Tax 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.

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
2025 $2,215 $34,881 $4,800 $30,081
2024 $2,030 $34,881 $4,800 $30,081
2023 $2,030 $34,881 $4,800 $30,081
2022 $1,938 $34,881 $4,800 $30,081
2021 $1,858 $26,360 $4,700 $21,660
2020 $1,470 $26,360 $4,700 $21,660
2019 $1,470 $26,360 $4,700 $21,660
2018 $1,495 $26,360 $4,700 $21,660
2017 $1,495 $26,360 $4,700 $21,660
2016 $2,055 $29,360 $5,000 $24,360
2015 $2,058 $29,360 $5,000 $24,360
2014 $2,058 $29,360 $5,000 $24,360
Source: Public Records

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
07/22/2026 07/22/26 Price Changed $299,000 -8.0% $26 / Sq Ft
07/16/2026 07/16/26 For Sale $325,000 -- $28 / Sq Ft
Source: Southern Indiana REALTORS® Association

Purchase 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 Type Sale Price Title Company
Warranty Deed $108,750 Salem Title Corp
Deed $108,800 --
Land Contract -- None Available
Quit Claim Deed -- 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
Source: Public Records

Source: Southern Indiana REALTORS® Association

MLS Number: 2026010208

Southern Indiana REALTORS® Association

APN: 88-24-17-334-028.000-022

Indiana Washington County Salem 47167

52 Public Square, 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.

Southern Indiana REALTORS® Association 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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Lori Gilstrap
Listing Agent
Lori Gilstrap
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The Day Company Realtors & Auctioneers
(812) 247-6684
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