• Business - 502.420.5000
  • Mobile Phone - 502.298.5674

Please reload the page to update with the latest MLS information available.

Please reload the page to update with the latest MLS information available.

Please reload the page to update with the latest MLS information available.

Reload
 
Listing provided courtesy of Knobstone Properties LLC- MLS# 202609242MLS ProviderContact Information: 812-620-1966

500 N CollegeSalem, IN 47167

Multi-Family · 4 Beds · 2 Full Baths · 1,740 Sq. ft. | 0.25 Acres
$219,900 Active

500 N College Overview

Time on Site:
15 days
Visits:
0

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!

Love this property?
Create a profile so you can receive updates on this property as soon as they happen!
View Map

500 N College Facts & Features

  • Type Multi-Family
  • Sq. ft. 1,740
  • Price/Sq.ft. $126
  • Lot 0.25 Acres

Details

General

Building Information

  • New Construction: false
  • Year Built: 2021

Location/Region

  • County Or Parish: Washington
  • Postal City: Salem
  • Township: Washington

Tax Information

  • Tax Annual Amount: 4720.0

General Information

  • Listing Terms: Cash,Conventional,FHA
  • Parcel Number: 1317224017000022
  • Property Condition: Resale
  • Property Sub Type: Duplex
  • Property Type: Residential
  • Zoning: Residential,Multi Family

Interior

Parking Information

  • Garage: false

Beds/Baths

  • Bathrooms Full: 2
  • Bathrooms Half: 0
  • Bathrooms Total: 2
  • Bedrooms Total: 4

Building Interior

  • Above Grade Finished Area: 1740.0
  • Building Area Source: Builder
  • Building Area Total: 1740.0

General Information

  • Appliances: Oven,Range,Refrigerator
  • Basement: false
  • Fireplace: false
  • Interior Features: Eat-in Kitchen,Bath in Primary Bedroom,Main Level Primary,Mud Room,Utility Room
  • Laundry Features: Main Level,Laundry Room
  • Levels: One
  • Living Area: 1740.0
  • Rooms Total: 14
  • Stories: 1

Exterior

Parking Information

  • Other Parking: Off Street

Lot Information

  • Lot Features: Corner Lot
  • Lot Size Acres: 0.25
  • Lot Size Area: 0.25
  • Lot Size Source: Assessor
  • Lot Size Square Feet: 10890.0
  • Lot Size Units: Acres
  • Road Surface Type: Paved
  • Water Source: Connected,Public

Building Exterior/Construction

  • Architectural Style: One Story,Modular/Prefab
  • Construction Materials: Vinyl Siding
  • Patio And Porch Features: Covered,Porch
  • Structure Type: Duplex

General Information

  • Exterior Features: Landscaping,Porch
  • Sewer: Public Sewer

Room Information

Room: Bedroom

  • Level: First
  • Description: Unit 102

Room: Bedroom

  • Level: First
  • Description: Unit 100

Room: Dining Room

  • Level: First
  • Description: Unit 100

Room: Dining Room

  • Level: First
  • Description: Unit 102

Room: Full Bath

  • Level: First
  • Description: Unit 102

Room: Full Bath

  • Level: First
  • Description: Unit 100

Room: Kitchen

  • Level: First
  • Description: Unit 100

Room: Kitchen

  • Level: First
  • Description: Unit 102

Room: Living Room

  • Level: First
  • Description: Unit 102

Room: Living Room

  • Level: First
  • Description: Unit 100

Room: Other

  • Level: First
  • Description: Unit 100 Laundry

Room: Other

  • Level: First
  • Description: Unit 102 Laundry

Room: Primary Bedroom

  • Level: First
  • Description: Unit 102

Room: Primary Bedroom

  • Level: First
  • Description: Unit 100

500 N College Neighborhood

Community

47167 (SALEM) Demographics

40
Median Age
67
Population Density (per sq. mile)
21%
College Educated
$48,985
Estimated Median Income
4,323
Estimated Total Home Owners
1,370
Estimated Total Renters
76% / 24%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data unavailable, School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

500 N College Monthly Cost

$
$ %
%
$
$
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

500 N College Market Data

Based on the last 30 days in this zip code

$279,274
Average List Price
$139
Average Price per Square Foot
10
Properties Sold
99
Average Days on Market
82
Properties for Sale
Calculations provided by Reliance Network

500 N College History

Date Event Value Agent
6/15/2026Source: Southern Indiana MLS Added to Database
June 15, 2026