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500 N College

Salem, IN 47167
  • $219,900
  • STATUS: Active
  • ON SITE: 55 Days
  • ID#: 202609242
UPDATED: 44 min ago
$219,900
  • 4
    BEDS
  • 0.25
    ACRES
  • 2
    BATHS
  • 0
    1/2 BATHS
  • 1,740
    SQFT
  • $126
    $/SQFT
Type:
Manufactured Home
Built:
2021
County:
Area:

School Ratings & Info

Description

Whether you're looking to expand your investment portfolio or live in one unit while generating income from the other, this WELL MAINTAINED DUPLEX is a must see! With both units producing over $1,700 per month in gross rental income, this property offers immediate earning potential. Conveniently situated near shopping, dining, schools, and other local amenities, the location is hard to beat. Each unit features a spacious open-concept layout that seamlessly connects the living room, kitchen, and dining area. The kitchens offer ample workspace with a large breakfast bar, perfect for everyday living and entertaining. You'll also appreciate the 2 generously sized bedrooms sharing 1 large bathroom, oversized utility room, and the added storage provided by the large attached shed accessible from the patio area. Each unit currently rents for $875 per month, tenants are currently under provided leases and are wonderful to work with. Don't miss this rare opportunity to own a versatile, income-producing property in a prime Salem location!

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© 2026 Southern Indiana Realtors Association. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or WSG Homes and Properties | Real Broker LLC. Data last updated: 2026-08-10T12:04:33.51.
www.wsghomesandproperties.com/homes/177731457
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500 N College Salem, IN 47167

  • Price: $219,900
  • Status: Active
  • On Site: 55 Days
  • Updated: 44 min ago
  • ID#: 202609242
4
Beds
2
Baths
0
½ Baths
0.25
Acres
1,740
SQFT
$126
$/SQFT
2021
Built
County:
Washington
Area:
Salem
Property Description
Whether you're looking to expand your investment portfolio or live in one unit while generating income from the other, this WELL MAINTAINED DUPLEX is a must see! With both units producing over $1,700 per month in gross rental income, this property offers immediate earning potential. Conveniently situated near shopping, dining, schools, and other local amenities, the location is hard to beat. Each unit features a spacious open-concept layout that seamlessly connects the living room, kitchen, and dining area. The kitchens offer ample workspace with a large breakfast bar, perfect for everyday living and entertaining. You'll also appreciate the 2 generously sized bedrooms sharing 1 large bathroom, oversized utility room, and the added storage provided by the large attached shed accessible from the patio area. Each unit currently rents for $875 per month, tenants are currently under provided leases and are wonderful to work with. Don't miss this rare opportunity to own a versatile, income-producing property in a prime Salem location!
Exterior Features

Architectural Style One Story Modular / Prefab Construction Materials Vinyl Siding Exterior Features Landscaping Porch Garage YN No Lot Features Corner Lot Other Parking Off Street Patio And Porch Features Covered Porch Road Surface Type Paved

Interior Features

Above Grade Finished Area 1740 Appliances Oven Range Refrigerator Basement YN No Below Grade Finished Area 0 Building Area Total 1740 Cooling Central Air Cooling YN Yes Fireplace YN No Heating Heat Pump Heating YN Yes Interior Features Eat-in Kitchen Bath in Primary Bedroom Main Level Primary Mud Room Utility Room Laundry Features Main Level Laundry Room Levels One Rooms Total 14

Property Features

Listing Terms Cash Conventional FHA New Construction YN No Occupant Type Tenant Possession Negotiable Property Condition Resale Property Sub Type Duplex Property Sub Type Additional Residential Sewer Public Sewer Structure Type Duplex Tax Annual Amount 4720 Township Washington Water Source Connected Public Zoning Residential Multi Family Zoning Description Residential Multi Family

Listing courtesy of Evan Hunt at Knobstone Properties LLC: 812-620-1966.


© 2026 Southern Indiana Realtors Association. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or WSG Homes and Properties | Real Broker LLC. Data last updated: 2026-08-10T12:04:33.51.
 
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