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    100 Walnut Tree Dr Salem, IN 47167

    For Sale
    $1,500,000

    Apartment Complex - Salem, IN

    Property size:
    41,734 SF
    Lot size:
    2.10 Acres
    Days on Market:
    92
    Last Refresh:
    Dec 6 at 10:06 am

    Property Features for 100 Walnut Tree Dr

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Basement, Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Bedrooms
    32
    Bathrooms
    23
    APN
    88-24-18-224-004.001-022
    Patio and Porch features
    Deck
    Exterior features
    Off Street Parking, Ceilings-vaulted, Deck Open, Water Heater Electric, Washer Hook-up, None
    Basement Y/N
    1
    Appliances
    Dryer, Range
    Size
    41,734 SF
    Lot size
    2.10 Acres

    Utilities

    Heating system
    Other (Heating)
    Cooling system
    Multi Units

    Building Details

    Floors in Building
    2
    Number of units
    21
    Flooring type
    Carpet, Tile, Vinyl
    Building materials
    Block
    Architectural style
    Other

    Mainstreet Realtors (812) 883-9555 [email protected]

    Listing agent Mary McCoskey Finkle (812) 883-9555 License #AD51424708

    Listing date Sep 6, 2025

    MLS# 202528955 Listing URL

    Copyright © 2025 Bedford Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Apartment Complex in Salem, Indiana

    This apartment complex, located just off State Road 60 in Salem, Indiana, features 21 units across 8 buildings. The property, situated on 2.1 acres, offers an opportunity for rental income. The total property size is 41,734 square feet. All units are currently leased.
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Salem
    County
    Washington
    State
    Indiana
    Longitude
    -86.1182
    Latitude
    38.61092

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    FAQs

    What type of property is this?
    Apartment building - 21-unit apartment complex with rental income potential in Salem, Indiana.
    Where is this apartment building located?
    The property is located at 100 Walnut Tree Dr Salem, IN.
    What is the asking price?
    The asking price for this property is $1,500,000.
    What are key features of this property?
    This property features: - Rental income opportunity with 21 units across 8 buildings, all currently leased.; - Excellent location just off SR 60.; - Off-street parking available.
    (812) 883-9555
    Request Owner's contact information
    100 Walnut Tree Dr Salem, IN 47167
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    100 Walnut Tree Dr Salem, IN 47167
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