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314 S Union Street, 
Selma, IN 47383

$189,900

4

Beds

2

Baths

696

Sq Ft

Multi-Family

Virtual Tour

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Listed by

Jim Mochal, Cell: 765-748-1005
Coldwell Banker Real Estate Group

Last updated:

January 13, 2026, 04:15 PM

MLS#

202532812

Source:

Indiana Regional MLS

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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:

January 13, 2026, 04:15 PM

Added:

4 month(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
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Jim Mochal

(765) 748-1005

(765) 748-1005

Contact
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.