406 S Posey Street, Salem, IN, 47167
About This Home
Looking for a smart investment opportunity? Live in one unit and let the other help pay the mortgage! Built in 2022, this attractive duplex features one 2-bedroom unit and one 1-bedroom unit, offering flexibility for homeowners and investors alike. Each unit boasts an open-concept floor plan with spacious living areas that can accommodate a variety of furniture arrangements and lifestyles. Situated on a quiet dead-end street, you'll enjoy peaceful surroundings and minimal traffic both day and night .Unit 100 1 bdrm rents for $695 Unit 102 2 bdrm Rents for $795 Additional features include extra paved parking, private storage sheds for each unit, and low-maintenance living in a desirable location. Whether you're seeking rental income, multi-generational living, or an addition to your investment portfolio, this property is ready to deliver.
Getting Around
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Property condition: Resale
- Year built: 2022
Materials
- Construction materials: Vinyl Siding
Type & Style
- Home type: MultiFamily
- Architectural style: One Story
- Property subType: Duplex,Multi Family
Interior
Appliances
- Appliances included: Oven,Range,Refrigerator
- Laundry features: Main Level,Other
Bedroom
- Level: First
Bedrooms & Bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
Features
- Eat-in Kitchen,Bath in Primary Bedroom,Main Level Primary,Open Floorplan,Utility Room
- Finished area below ground: 0
- Finished area above ground: 1,216
Heating & Cooling
- Heating features: Other
- Cooling features: Wall Unit(s)
Interior Area
- Total structure area: 1,216
- Total interior livable area: 1,216 sqft
Kitchen
- Level: First
Kitchen
- Level: First
Living Room
- Level: First
Living Room
- Level: First
Master Bedroom
- Level: First
Master Bedroom
- Level: First
Other
- Level: First
Other
- Level: First
Property
Details
- Parcel number: 8824173305500022
- Attached to another structure: Yes
- Zoning: Multi Family
- Zoning description: Multi Family
Features
- Levels: One
- Stories: 1
- Exterior features: Landscaping,Paved Driveway
Lot
- Lot size: 7,405 sqft
- Features: Corner Lot,Dead End
Parking
- Parking features: Open
- Has uncovered spaces: Yes
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Tornado
- Inland Flooding
- Strong Wind
- Winter Weather
- Cold Wave
- Earthquake
- Heat Wave
- Lightning
How This Home’s Risks Compare
FEMA Declared Disasters Across Indiana Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $1,061 | $12,732 |
| Home Insurance * | $182 | $2,184 |
| Property Taxes | $301 | $3,612 |
| Electricity | $184 | $2,212 |
| Total | $1,728 | $20,736 |
Income You'd Need if You Spent...
Indiana FAIR Plan Programs
Indiana Basic Property Insurance Underwriting Association
Wildfire
HailWindHow Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-06-15 | Listed for sale | $209,900 |
View on Zillow