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509 N High Street, 
Salem, IN 47167

$115,000

4

Beds

3

Baths

2,584

Sq Ft

Multi-Family

Active

Listed by

Natasha Johns

Williams Carpenter Realtors

Last updated:

February 10, 2026, 04:34 PM

MLS#

202603429

Source:

Indiana Regional MLS

About This Home

509 N High Street

INVESTMENT. OPPORTUNITY. PROFITABLE. This three unit apartment building offers excellent income potential in a convenient, central location close to shopping, dining, and everyday amenities. With one unit currently rented and two units available, this property provides immediate and future rental opportunities. Units 1 and 2, located on the main level, each feature one bedroom, one bathroom, and an eat-in kitchen. Unit 3, situated upstairs, offers two bedrooms, one bathroom, and a kitchen, making it ideal for larger households or increased rental value. Additional highlights include off-street asphalt parking and a shared laundry area for tenant convenience. Utilities are provided by Duke and Town of Washington Water. Whether you’re expanding your portfolio or stepping into your first multi-unit investment, this property presents a strong opportunity with flexible rental options and a desirable location.

Home Facts

Multi-Family

3 Baths

4 Bedrooms

Built in 1940

Price Summary

115,000

$44 per Sq. Ft.

MLS #:

202603429

Last Updated:

February 10, 2026, 04:34 PM

Added:

14 day(s) ago

Rooms & Interior

Bedrooms

Total Bedrooms:

4

Bathrooms

Total Bathrooms:

3

Full Bathrooms:

3

Interior

Living Area:

2,584 Sq. Ft.

Structure

Structure

Architectural Style:

One and Half Story

Building Area:

2,907 Sq. Ft.

Year Built:

1940

Lot

Lot Size (Sq. Ft):

13,068

Finances & Disclosures

Finances

Price:

$115,000

Price per Sq. Ft:

$44 per Sq. Ft.

Source:Indiana Regional MLS
IRMLS 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. IRMLS Data is deemed reliable but is not guaranteed accurate by the MLS. IRMLS information provided by the Indiana Regional MLS. Copyright 2026 Indiana Regional MLS LLC.

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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.