Listing Agency: Mainstreet Realtors i***@mainstreetrealtor.com Show Phone

Listed By: Mary Finkle · License #IN

Source: Crexi

Added: Apr 11 Changed: Aug 31 Last Checked: Aug 31 at 9:36PM

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Investment Insights

Based on property information with market context.

This multifamily income property includes 16 finished apartments on one level, along with one upstairs unit located in the rear. Two units are currently being used for storage, and the existing space could be finished by a new owner.

The property is offered for sale at 103 E Westminster Center in Salem, Indiana.

Key Highlights

• Income property with 16 finished apartments on one level
• Includes an additional upstairs unit in the back
• Two units are currently used for storage and could be finished by the new owner

Property Analytics

Property Profile

Current Use

Apartment buildings

Suggested Use

Top Pick Law Firm HVAC Service Storage Facility Restaurant Hair Salon (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

17

Residential units

Location Intelligence

Trade Area within ½ mile

79

Businesses Nearby

Explore this area Business Placement

Demographics for 47167, IN

15,683

Population

6,547

Households

2.4

Avg Household Size

42

Median Age

14%

College-Educated

88%

High-School Grad

213.0 sq mi

ZIP Area

74

Density / Sq Mi

$57,697

Median Household Income

$38,038

Median Earnings

$726

Median Rent

$161,500

Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022

7.5% 2023

7.8% 2024

8% 2025

Questions? Ask Rey

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Frequently Asked Questions

What type of property is this?

Apartment building - Income property featuring 16 finished apartments on one level plus an additional upstairs unit in the back.

Where is this apartment building located?

The property is located at 103 E Westminster Center Salem, IN.

What are key features of this property?

This property features: Income property with 16 finished apartments on one level; Includes an additional upstairs unit in the back; Two units are currently used for storage and could be finished by the new owner