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    314 S Un St Selma, IN 47383

    For Sale
    $189,900

    Duplex - Selma, IN

    Type:Duplex
    Property size:
    696 SF
    Lot size:
    0.25 Acres
    Days on Market:
    113
    Last Refresh:
    Dec 11 at 6:06 am

    Property Features for 314 S Un St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Duplex
    Standard status
    Active
    Rooms
    Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4
    Bedrooms
    4
    Bathrooms
    2
    APN
    18-12-15-108-007.000-011
    Parking features
    Off Street
    Exterior features
    Cable Ready, Countertops-laminate, Water Heater Electric, None
    Appliances
    Range
    Size
    696 SF
    Lot size
    0.25 Acres

    Utilities

    Heating system
    Baseboard, Electric (Heating)

    Building Details

    Floors in Building
    2
    Number of units
    2
    Flooring type
    Carpet, Vinyl
    Roof type
    Asphalt, Shingle
    Architectural style
    Other

    Coldwell Banker Lunsford (765) 289-2228 [email protected]

    Listing agent Jim Mochal (765) 289-2228 License #RB14038903

    Listing date Aug 21, 2025

    MLS# 202532812 Listing URL

    Copyright © 2025 Mid-Eastern Indiana Association of Realtor MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Selma Duplex Investment Opportunity

    This investment package in Selma, Indiana, features two dwellings on a single parcel. One is a 1.5-story home with 3 bedrooms, a kitchen, dining room, living room, laundry room, family room with a wood-burning stove, and a 10 ft x 17 ft porch. This home is currently vacant but could potentially rent for $1,200 per month. The other dwelling is a duplex, with each unit containing 2 bedrooms and 1 bath. One unit is currently rented for $625 per month, while the other is vacant but could potentially rent for $750 per month. An efficiency apartment has been started in the upstairs duplex but requires completion. The potential annual income, if fully rented, is $32,000, which, at a 10% cap rate, would value the property at $320,000. The package also includes the adjacent lot to the east, parcel number 18-12-15-108-008.000-011, measuring 83 ft x 165 ft. The properties are being sold in "AS IS" condition. The total lot size is 0.25 acres, and the living area is 696 square feet. The property is located in Delaware County.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Map

    City
    Selma
    County
    Delaware
    State
    Indiana
    Longitude
    -85.269867
    Latitude
    40.19077

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    FAQs

    What type of property is this?
    Duplex - Investment package featuring a house and duplex in Selma, Indiana.
    Where is this duplex located?
    The property is located at 314 S Un St Selma, IN.
    What is the asking price?
    The asking price for this property is $189,900.
    What are key features of this property?
    This property features: - High Income Potential: Projected $32,000 annual rental income when fully rented.; - Investment Package: Includes a single-family home and a duplex on one parcel.; - Additional Lot Included: Benefit from an extra adjacent lot (83' x 165').
    (765) 289-2228
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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
    314 S Un St Selma, IN 47383
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