Salem IN Multi Family for Sale

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Type:
Other
Sq.Ft.:
n/a
Status:
Active
Beds:
n/a
Lot size:
0.6 Acres
Baths:
MLS#:
2023010468

ADDITIONAL INFORMATION

MAINTAINED & ESTABLISHED MOBILE HOME PARK with 7 units conveniently located near shopping, restaurants & highway access. Six units currently grossing $3,075.00 with potential for one more unit currently used for storage. Tenants pay utilities with seller paying security light. All tenants with the exception of one have resided here for at least two years. Property is well maintained with great tenants. Nearly 10% CAP RATE.

Type:
Other
Sq.Ft.:
n/a
Status:
Active
Beds:
n/a
Lot size:
1.42 Acres
Year built:
2006
Baths:
MLS#:
202208743

ADDITIONAL INFORMATION

Very nice 15 Unit Brick Apartment Complex in the heart of Salem. Located next to a new Tumbleweed Restaurant and close to the new Walmart center. (8) units are 2 bedroom/1 bath, (2) units are larger town-home style 2 bedroom/1 bath, (5) units are 1 bedroom/1 bath. See attached plat showing additional area on property which may be able to be developed. The lower back side of the property does touch the flood zone, see attached flood map.

Type:
Other
Sq.Ft.:
n/a
Status:
Active
Beds:
n/a
Lot size:
2.07 Acres
Year built:
1987
Baths:
MLS#:
202205028

ADDITIONAL INFORMATION

ATTENTION INVESTORS!! Here is your chance to own a prime piece of investment property in the Rental Business with the recent growth that has come to our community! 18 finished apartments on 1 level, 1 upstairs unit in the back! 100% occupied! Don't miss out on this opportunity! Call today! ALL BUILDINGS WILL HAVE A NEW ROOF INSTALLED WITHIN 60-90 DAYS. Complete new roof in June!

Type:
Other
Sq.Ft.:
n/a
Status:
Active
Beds:
n/a
Lot size:
0.18 Acres
Year built:
1970
Baths:
MLS#:
2020011348

ADDITIONAL INFORMATION

Investment opportunity! Duplex fully occupied. Both units rented for $400 a month. Huge 95x35 pole barn! Plenty of parking! There is 1-2 feet of rock under the grass due to the Salem Trucks having semi's! Call today!

Type:
Other
Sq.Ft.:
n/a
Status:
Active
Beds:
n/a
Lot size:
2.89 Acres
Year built:
1980
Baths:
MLS#:
202007299

ADDITIONAL INFORMATION

Don't miss out on your chance to own this PRIME RENTAL PROPERTY in Salem! 28 units total. 8-2bd/1.5ba, 2 duplex-2bd/1ba/1car garage, 16-2bd/1ba. Washer Dryer hookups in 20 of the units, one 8-unit has 2washer/2dryer in laundry room common area. Covered parking for one of the 8-unit buildings! Call today for your showing!

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Albert Wright Page, License RB14038157, Xome Inc., License RC51300094, [email protected], 844-400-XOME (9663), 4471 North Billman Estates, Shelbyville, IN 46176

Information is provided exclusively for consumers personal, non - commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright © 2024, Southern Indiana Realtors Association. All rights reserved.




Salem Real Estate

The median home value in Salem, IN is $162,600. This is lower than the county median home value of $173,500. The national median home value is $338,100. The average price of homes sold in Salem, IN is $162,600. Approximately 66.78% of Salem homes are owned, compared to 27.89% rented, while 5.33% are vacant. Salem real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Salem real estate agent to arrange a tour today!

Salem, Indiana 47167 has a population of 6,276. Salem 47167 is less family-centric than the surrounding county with 25.82% of the households containing married families with children. The county average for households married with children is 26.57%.

The median household income in Salem, Indiana 47167 is $43,021. The median household income for the surrounding county is $53,932 compared to the national median of $69,021. The median age of people living in Salem 47167 is 37.9 years.

Salem Weather

The average high temperature in July is 87 degrees, with an average low temperature in January of 22.7 degrees. The average rainfall is approximately 45.7 inches per year, with 14.4 inches of snow per year.

Salem Real Estate Market Conditions

  • Median sales price

    N/A
  • # Active listings

    963
    30-day change

Salem Schools and Demographics

Education near Salem, IN

Metric City County
High School Graduates 84.29 86.67
College Degree - 2 year 12.55 10.34
College Degree - 4 year 12.27 12.84
Graduate Degree 3.35 2.81
Expenditures per Student 12,085 12,085
Students per Teacher 13.7 13.7

Elementary Schools near Salem, IN

School Grades Students P/T Ratio ZIP
Bradie Shrum Elementary KG - 05 909 18.9 47167
East Washington Elementary School KG - 04 528 22 47165
Johnson Elementary School PK - 05 221 13.8 47170
Morgan Elementary School PK - 05 484 21 47164
Scottsburg Elementary School KG - 05 480 20.9 47170
Vienna-Finley Elementary School KG - 05 310 18.2 47170
West Washington Elementary School KG - 06 410 17.1 47108

Middle Schools near Salem, IN

School Grades Students P/T Ratio ZIP
East Washington Middle School 05 - 08 493 19.3 47165
Salem Middle School 06 - 08 463 14.9 47167
Scottsburg Middle School 06 - 08 594 18 47170

High Schools near Salem, IN

School Grades Students P/T Ratio ZIP
Eastern High School 09 - 12 450 17.3 47165
Salem High School 09 - 12 560 17 47167
Scottsburg Senior High School 09 - 12 858 18.9 47170
West Washington Junior/Senior High School 07 - 12 407 15.1 47108

Demographics near Salem, IN 47167

Metric Zip Code City
Neighborhood Type Suburban
Population 6,276 28,025
Population Density 1,569 55
Median Age 37.9 40.7
People per Household 2.5 2.6
Median Household Income 43,021 53,932
Average Income per Capita 22,633 26,393