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    Salem, IN Residential Income Properties for Sale

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    Pekin, IN Vallonia, IN Borden, IN
    Mixed-Use Office & Residential Building
    $250,000
    4,388 SF
    Mixed-Use Office & Residential Building

    106 S Main Street, Salem, IN 47167

    Offers office space plus two apartments, with additional basement office rental area for flexible income use.
    • Historic commercial building built in 1910, located just off the south side of the Historic Salem Square.
    • Main level includes a rear 1 bed/1 bath apartment with a separate entrance from the back.
    • Main level front offers office space with a full bathroom.
    • Upstairs apartment features 3 bedrooms and 2 bathrooms.
    • Basement includes 27 x 15.8 office rental space for additional income.
    Updated: Jun 8
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    Updated Commercial Building with Apartment
    $299,000
    2,958 SF
    Updated Commercial Building with Apartment

    62 Public Sq, Salem, IN 47167

    Updated commercial building with apartment in Salem, Indiana.
    • Updated historical building with modern office space and vintage appearance.
    • Includes a recently remodeled and updated apartment with separate street access.
    • Additional parcel included for easy parking off the square.
    • Located on the busy square in Salem, Indiana.
    • Brick construction with asphalt and metal roof.
    Updated: May 26
    View details
    Based on your search, we've compiled 13 Potential Opportunities for your consideration. Besides 2 Active listings in Salem, IN, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 3 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Mixed-Use Warehouse with Living Potential
    $99,000
    1.14 Acres
    Mixed-Use Warehouse with Living Potential

    Warehouse on 1.14 acres zoned residential/commercial, with office/work areas, tall ceilings, and a loft-ready layout.

    1519 Burton Drive, Scottsburg, IN 47170

    View details
    Fully Occupied Commercial Property
    $325,000
    Fully Occupied Commercial Property

    Commercial property with 8 units and complete occupancy.

    440 S Gardner Street, Scottsburg, IN 47170

    View details
    Land Near I-65, Memphis
    $1,430,000
    Land Near I-65, Memphis

    Land suitable for multifamily, retail, or restaurant development.

    Memphis-Bluelick, Memphis, IN 47143

    View details
    Land Near I-65, Memphis, IN
    $690,000
    Land Near I-65, Memphis, IN

    Prime land ideal for various commercial and residential developments.

    Memphis-Bluelick Road, Memphis, IN 47143

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Buildable Lot in Salem, Indiana
    Contact for pricing
    0.21 Acres
    Buildable Lot in Salem, Indiana

    Residential lot in Salem near schools and hospital.

    607 Berkey Street, Salem, IN 47167

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    Agricultural and Residential Land
    $259,900
    24.70 Acres
    Agricultural and Residential Land

    24.7-acre parcel with pasture, wooded areas, and stream features, suitable for septic and zoned Agri/Residential.

    W Highway 60 at Temple Rd, Salem, IN 47167

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    Residential Lots in Palmyra, IN
    $59,900
    0.86 Acres
    Residential Lots in Palmyra, IN

    Residential lots with utilities and development potential in Palmyra.

    14025 Greene Street NE, Palmyra, IN 47164

    View details
    Hardinsburg Residential Land with Gravel Pad
    $200,000
    4.97 Acres
    Hardinsburg Residential Land with Gravel Pad

    4.97 acre parcel with gravel pad and lean-to.

    4693 S Calloway Drive, Hardinsburg, IN 47125

    View details

    Off-Market Properties in Salem, IN

    Consider similar Off-Market properties in Salem, IN. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    701 Etzler Dr
    Multifamily properties
    28,688 SF Lot: 1.89 Acres
    Value Estimation by Request

    701 Etzler Dr, Salem, IN 47167

    View details
    Sunset Oaks N Beeline Rd Side Of
    MOBILE HOME PARK, TRAILER PARK
    Lot: 10.88 Acres
    Value Estimation by Request

    Sunset Oaks N Beeline Rd Side Of, Salem, IN 47167

    View details
    Wsidevillage N Side Of W State Rd 60th Side Of
    MOBILE HOME PARK, TRAILER PARK
    Lot: 9.50 Acres
    Value Estimation by Request

    Wsidevillage N Side Of W State Rd 60th Side Of, Salem, IN 47167

    View details

    Salem, IN Residential Income Properties Market Trends and Statistics

    Explore 5 residential income properties for sale in Salem, IN on our real estate platform. These investment opportunities span a total of 7,346 square feet of properties for sale, with an estimated market value of $549,000.

    Sale prices for residential income properties in Salem, IN start at $250,000, averaging $274,500, and reaching up to $299,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Duplexes 1
    Multifamily properties 1
    Single family properties 1

    Demographics Overview

    Population 16K
    Population Growth (5Y) +6.2%
    Median Household Income $57,697
    College Educated 18.6%

    High-Yield Neighborhoods for Investment

    Identify Salem submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    47167 $299K

    Taxes & Financing

    Tax Rate (average for all types) 2.65%
    Property Tax per SF $46.11 per SF
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Washington County

    New Delisted

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