Coldwell Banker Home Page
Local Realty Service Provided By: Coldwell Banker Real Estate Group
Property view
Listing view 2
Listing view 3

314 S Union Street, 
Selma, IN 47383

$189,900


4

Beds


2

Baths


696

Sq Ft


Multi-Family


Virtual Tour

Active

Listed by

Jim Mochal

Cell: 765-748-1005

Last updated:

August 18, 2025, 04:41 PM

MLS#

202532812

Source:

Indiana Regional MLS

Company Logo

About This Home

314 S Union Street

GREAT Investment Package. Cash cow opportunity in Selma. Two dwellings on 1 parcel. One is a 3 bedroom 1/12 story home with Kitchen, dining room, living room, laundry room, family room with wood burning stove, and 10 X 17 porch, that currently is vacant, but, could easily rent for $1,200 / month. The other is a duplex: each is a 2 bedroom 1 bath unit. The 1 current tenant pays $625 / month and the other is currently vacant, but, could easily rent for $750 / month. In the upstairs duplex an efficiency apartment has been started, but needs to be finished. The annual income fully rented would be $32,000, and at a 10% cap would be $320,000. In addition, the lot just to the east, parcel #:18-12-15-108-008.000-011, 83' X 165', comes with this package as well ! Properties are being sold " AS IS". Seller has never lived in property and is a P.O.A.

Home Facts

Multi-Family

2 Baths

4 Bedrooms

Built in 1973

Price Summary

189,900

$272 per Sq. Ft.

MLS #:

202532812

Last Updated:

August 18, 2025, 04:41 PM

Added:

3 day(s) ago


Rooms & Interior

Bedrooms

Total Bedrooms:

4

Bathrooms

Total Bathrooms:

2

Full Bathrooms:

2

Interior

Living Area:

696 Sq. Ft.


Structure

Structure

Architectural Style:

Two Story

Building Area:

1,128 Sq. Ft.

Year Built:

1973


Lot

Lot Size (Sq. Ft):

10,890


Finances & Disclosures

Finances

Price:

$189,900

Price per Sq. Ft:

$272 per Sq. Ft.

314 S Union Street
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 2025 Indiana Regional MLS LLC.

Contact an Agent

Yes, I would like more information from Coldwell Banker. Please use and/or share my information with a Coldwell Banker agent to contact me about my real estate needs.

By clicking Contact I agree a Coldwell Banker Agent may contact me by phone or text message including by automated means and prerecorded messages about real estate services, and that I can access real estate services without providing my phone number. I acknowledge that I have read and agree to the Terms of Use and Privacy Notice.

 

Contact an Agent

Yes, I would like more information from Coldwell Banker. Please use and/or share my information with a Coldwell Banker agent to contact me about my real estate needs.

By clicking Contact I agree a Coldwell Banker Agent may contact me by phone or text message including by automated means and prerecorded messages about real estate services, and that I can access real estate services without providing my phone number. I acknowledge that I have read and agree to the Terms of Use and Privacy Notice.