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About This Home

This 2-bedroom, 1-bathroom single family at 500 E Homer Street in Salem, IN is listed for $182,000 ($181 per sqft). Built in 1951, the home offers 1,008 sqft of living space on a 0.22 acres lot.

Agent Description

Welcome home to this beautifully updated Salem gem! From the brand-new kitchen cabinets to the recently replaced appliances, this home shines with thoughtful improvements throughout. Major mechanical updates include a 2-year-old roof, 2-year-old HVAC system, and a water heater that's only 1 year old-giving buyers confidence for years to come.

Offering 2 bedrooms, 1 bath, over 1,000 square feet of living space, and a detached garage, this move-in ready property combines affordability, charm, and convenience in one package. Located near shopping, dining, and local amenities, this is the perfect place to call home. Schedule your showing today before it's gone!

Key Features

  • Built in 1951
  • 0.22 acre lot

Property Details

1 story
1 full
1951

Amenities

A/C

Monthly Cost Estimate

$973/mo

20% down · 6.5% · 30 years

Principal$132
Interest$789
Insurance$53

Estimates only. Actual payments may vary.

Location

500 E Homer Street

Salem, IN 47167

Features & Amenities

Interior Features

1st Floor MainEat-in Kitchen

Exterior Features

Fenced YardPorchVinyl Siding

Property Details

Pool Features

Porch

Heating

Forced Air

Cooling

Central Air

Questions & Answers

This 2-bedroom, 1-bathroom single family at 500 E Homer Street is listed at $182,000 ($181/sqft). The estimated monthly payment is $789 based on 20% down at 6.5% interest.

Key features include: Built in 1951, 0.22 acre lot. Interior Features: 1st Floor Main, Eat-in Kitchen. Exterior Features: Fenced Yard, Porch, Vinyl Siding.

This property is listed by Reed Martin and can be reached at (812) 283-4778 or reed@reedestategroup.com.

RM

Reed Martin

Agent at RE/MAX FIRST-Commercial Group

(812) 283-4778

Listed by RE/MAX FIRST-Commercial Group · View on Broker Site

MLS# 202608713· Source: listhub· Updated 3 days ago

Copyright © 2026 Southern Indiana REALTORS Association. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

500 E Homer Street, Salem, IN 47167

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