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4 Beds
6 Baths
11,556 sqft

$299,000

52 Public Square, Salem IN, 47167

Price per sqft$25.87
Built in1940
Property size11,556 sqft
Property typeResidential

Overview

Active

Listed Jul 16, 2026

Updated Jul 22

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.

$1,989/mo

Est. mortgage payment based on a $299,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
2026010208

Interior Features

Bedrooms
4
Bathrooms
6
Cooling
Yes
Heating
Yes
Basement
Yes

Exterior Features

Lot Size
0.12 Acres

Other Property Details

Taxes
$3,079
Tax Frequency
Annually
MLS provider logo

Listed by Lori J. Gilstrap with The Day Company REALTORS
Listing Contact: 812-883-5112 

The IDX display contains information sourced from the Southern Indiana REALTORS® Association as of 7/22/2026. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.

©2026 Southern Indiana REALTORS® Association all rights reserved.

Data last updated on 7/22/2026 at 12:04 AM UTC

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