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Listing view 3

52 Public Square, 
Salem, IN 47167

$299,000

4

Beds

6

Baths

11,556

Sq Ft

Single Family

Active

Listed by

Lori J. Gilstrap

The Day Company Realtors

812-883-5112

Last updated:

August 13, 2026, 03:07 PM

MLS#

2026010208

Source:

IN SIRA

About This Home

52 Public Square

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.

Home Facts

Single Family

6 Baths

4 Bedrooms

Built in 1940

Price Summary

299,000

$25 per Sq. Ft.

MLS #:

2026010208

Last Updated:

August 13, 2026, 03:07 PM

Added:

a month ago

Rooms & Interior

Bedrooms

Total Bedrooms:

4

Bathrooms

Total Bathrooms:

6

Full Bathrooms:

3

Interior

Living Area:

11,556 Sq. Ft.

Structure

Structure

Architectural Style:

Two Story

Building Area:

11,556 Sq. Ft.

Year Built:

1940

Lot

Lot Size (Sq. Ft):

5,227

Finances & Disclosures

Finances

Price:

$299,000

Price per Sq. Ft:

$25 per Sq. Ft.

Source:IN SIRA
The information being provided by Southern Indiana REALTORS® Association, Inc. is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information is deemed reliable but not guaranteed and should therefore be independently verified. © 2026 Southern Indiana REALTORS® Association, Inc. All rights reserved.

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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.