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Charming Duplex in Salem, Ohio

559 E Perry Street, Salem, OH 44460

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For Sale

Under Contract

$117,900

MULTI_FAMILY - Salem, OH

Property size:

1,468 SF

Lot size:

0.18 Acres

Price / SF:

$80/SF

HighLights

Up and down duplex with 2 units; each unit has a living room, kitchen, bedroom, and bath
Year built 1920 with vinyl and wood siding and roof with asphalt, fiberglass, and slate components
Separate utilities for each unit, plus full unfinished basement
Recent exterior and system updates include freshly painted exterior, all new exterior doors, new plumbing, and new hot water tank
Full unfinished basement with 6 new glass block vented basement windows; public water and public sewer
Parking includes on‑street parking; front and back porches

We can help!

Listing Contact

Susan Kilmer

For Sale

Under Contract

$117,900

MULTI_FAMILY - Salem, OH

Property size:

1,468 SF

Lot size:

0.18 Acres

Price / SF:

$80/SF

Added:: Nov 23, 2025
Days on Market:: 203
Last Refresh:: Jun 14 at 7:06 pm

Property Features for 559 E Perry Street

General Information

Property type: Residential Multi Family
Property subtype: Other
Bedrooms: 2
Bathrooms: 2
Rooms: Bathroom 2, Basement, Bedroom 1, Bathroom 1, Bedroom 2
Parking features: Garage, Paved or Surfaced, On Street
Standard status: Active Under Contract
APN: 5101607000
Size: 1,468 SF
Lot size: 0.18 Acres

Taxes and HOA fees

Tax Year: 2024
Tax Description: 472 W D SMITH 50
Tax Annual Amount: 867

Utilities

Sewer type: Public Sewer
Heating system: Natural Gas, Forced Air
Water source: Public

Building Details

Year built: 1920
Floors in Building: 2
Building materials: VinylSiding, WoodSiding
Roof type: Asphalt, Fiberglass, Slate

We can help!

Listing Contact

Susan Kilmer

Listing agent Susan Kilmer License #369634

Listing office Towne & Suburban Realty, Inc. 1048 E State Street, OH

Listing date Nov 23, 2025

MLS# 5174388 Listing URL

HighLights

Up and down duplex with 2 units; each unit has a living room, kitchen, bedroom, and bath
Year built 1920 with vinyl and wood siding and roof with asphalt, fiberglass, and slate components
Separate utilities for each unit, plus full unfinished basement
Recent exterior and system updates include freshly painted exterior, all new exterior doors, new plumbing, and new hot water tank
Full unfinished basement with 6 new glass block vented basement windows; public water and public sewer
Parking includes on‑street parking; front and back porches

Overview

This up-and-down duplex in Salem, Ohio, offers flexibility as an income property or a single-family residence. The property features a freshly painted exterior with both wood and vinyl elements, complemented by front and back porches. New exterior doors and six new glass block vented basement windows have been installed. Each of the two units includes a living room, kitchen, bedroom, and bath. The first-floor unit has been freshly painted and features new flooring, carpet, and windows in the living room and bedroom, along with new lighting, excluding the living room fixture. The upstairs unit has new windows, except in the entryway. The property has separate utilities and a full unfinished basement. A decorative fireplace and pocket doors enhance the charm of the first-floor unit. The city has installed a new water line from the street, and both units have new plumbing and a new hot water tank. The 1,468 square-foot property sits on a 0.1837-acre lot. While there is no garage, the duplex offers options to rent both units for income, occupy one while renting the other, or convert it back to a single-family home by opening the wall in the foyer.

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$15.0k	$10.20
− Vacancy	−$711	−$0.48
EGI	$14.3k	$9.72
− OpEx	−$4.3k	−$2.91
NOI	$10.0k	$6.80

1,468 SF · lease $10.20/SF/yr · vacancy 4.75% · expense 30.00%

Alternative Uses

Best Use

Multifamily LT 5

$142.6K

$124.8K – $166.4K (±1% cap)

NOI $9,984 @ 7.0% cap · market cap 8.47%

Second Best

Apartment 5plus

$131.5K

$115.1K – $153.4K (±1% cap)

NOI $9,204 @ 7.0% cap · market cap 7.81%

Theoretical Best

Warehouse

$1.24M

$1.09M – $1.45M (±1% cap)

NOI $86,802 @ 7.0% cap · market cap 73.62%

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

Property Profile Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

Location Insight

Map
Local Demand

City: Salem
County: Columbiana
State: Ohio
Longitude: -80.8512164
Latitude: 40.8927648

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For sale
Duplexes
OH
Salem
44460
559 E Perry Street

What type of property is this?

Duplex - Up-and-down duplex with conversion potential and separate utilities.

Where is this duplex located?

The property is located at 559 E Perry Street Salem, OH.

What is the asking price?

The asking price for this property is $117,900.

What are key features of this property?

This property features: Up and down duplex with 2 units; each unit has a living room, kitchen, bedroom, and bath; Year built 1920 with vinyl and wood siding and roof with asphalt, fiberglass, and slate components; Separate utilities for each unit, plus full unfinished basement

559 E Perry Street, Salem, OH 44460

MULTI_FAMILY - Salem, OH

Property Features for 559 E Perry Street

General Information

Taxes and HOA fees

Utilities

Building Details

We can help!

HighLights

Overview

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

Alternative Uses

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Two-Unit Brick Medical Office

Salem Duplex: Income Potential

Former Rite Aid For Sale

Downtown Salem Commercial Corner Property

Brick Office Building Near Downtown

Office Space with Storage Bays

Specialty Property for Sale

Retail/Flex Building in Salem, OH

Salem Industrial Site For Sale

Versatile Estate with Remodeled Bank Barn

Former Dealership on 5 Acres

Salem Industrial Park Flex Space

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