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500 N College, Salem, IN 47167

Salem
Local realty services provided by:CENTURY 21 River Valley Real Estate, Inc.
500 N College,Salem, IN 47167
$209,900
  • 4 Beds
  • 2 Baths
  • 1,740 sq. ft.
  • Multi-family
  • Active
Listed by: evan hunt, christy flora
Office: knobstone properties llc.
MLS#:202609242
Source:IN_SIRA

Price summary

  • Price:$209,900
  • Price per sq. ft.:$120.63

About this home

Whether you're looking to expand your investment portfolio or live in one unit while generating income from the other, this WELL MAINTAINED DUPLEX is a must see! With both units producing over $1,700 per month in gross rental income, this property offers immediate earning potential. Conveniently situated near shopping, dining, schools, and other local amenities, the location is hard to beat. Each unit features a spacious open-concept layout that seamlessly connects the living room, kitchen, and dining area. The kitchens offer ample workspace with a large breakfast bar, perfect for everyday living and entertaining. You'll also appreciate the 2 generously sized bedrooms sharing 1 large bathroom, oversized utility room, and the added storage provided by the large attached shed accessible from the patio area. Each unit currently rents for $875 per month, tenants are currently under provided leases and are wonderful to work with. Don't miss this rare opportunity to own a...

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Home facts

  • Year built:2021
  • Listing ID #:202609242
  • Added:135 day(s) ago
  • Updated:October 28, 2026 at 06:55 PM

Rooms and interior

  • Bedrooms:4
  • Total bathrooms:2
  • Full bathrooms:2
  • Bathrooms Description:Bath in Primary Bedroom
  • Kitchen Description:Eat-in Kitchen, Oven, Range, Refrigerator
  • Bedroom Description:Main Level Primary
  • Living area:1,740 sq. ft.

Heating and cooling

  • Cooling:Central Air
  • Heating:Heat Pump
  • Central air:Yes

Structure and exterior

  • Year built:2021
  • Building area:1,740 sq. ft.
  • Lot area:0.25 Acres
  • Lot Features:Corner Lot
  • Architectural Style:Modular/Prefab, One Story
  • Construction Materials:Vinyl Siding
  • Exterior Features:Covered, Landscaping, Porch
  • Levels:1 Story

Utilities

  • Water:Connected, Public

Finances and disclosures

  • Price:$209,900
  • Price per sq. ft.:$120.63
  • Tax amount:$4,720

Features and amenities

  • Appliances:Oven, Range, Refrigerator
  • Laundry features:Laundry Room, Main Level
  • Amenities:Mud Room, Utility Room

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