3516 Salem Street Indianapolis, IN $ 240,000
3516 Salem Street
$ 240,000
Share Save

3516 Salem Street

Indianapolis, IN, 46208
$ 240,000
Bedrooms4 Baths2.1 Sq 2,492

Monthly Estimate*

$ 1,658

3516 Salem Street, Indianapolis, IN 46208 - Image 1
3516 Salem Street, Indianapolis, IN 46208 - Image 2
3516 Salem Street, Indianapolis, IN 46208 - Image 3
3516 Salem Street, Indianapolis, IN 46208 - Image 4
3516 Salem Street, Indianapolis, IN 46208 - Image 5
3516 Salem Street, Indianapolis, IN 46208 - Image 6
3516 Salem Street, Indianapolis, IN 46208 - Image 7
3516 Salem Street, Indianapolis, IN 46208 - Image 8
3516 Salem Street, Indianapolis, IN 46208 - Image 9
3516 Salem Street, Indianapolis, IN 46208 - Image 10
3516 Salem Street, Indianapolis, IN 46208 - Image 11
3516 Salem Street, Indianapolis, IN 46208 - Image 12
3516 Salem Street, Indianapolis, IN 46208 - Image 13
3516 Salem Street, Indianapolis, IN 46208 - Image 14
3516 Salem Street, Indianapolis, IN 46208 - Image 15
3516 Salem Street, Indianapolis, IN 46208 - Image 16
3516 Salem Street, Indianapolis, IN 46208 - Image 17
3516 Salem Street, Indianapolis, IN 46208 - Image 18
3516 Salem Street, Indianapolis, IN 46208 - Image 19
3516 Salem Street, Indianapolis, IN 46208 - Image 20
3516 Salem Street, Indianapolis, IN 46208 - Image 21
3516 Salem Street, Indianapolis, IN 46208 - Image 22
3516 Salem Street, Indianapolis, IN 46208 - Image 23
3516 Salem Street, Indianapolis, IN 46208 - Image 24
3516 Salem Street, Indianapolis, IN 46208 - Image 25
3516 Salem Street, Indianapolis, IN 46208 - Image 26
3516 Salem Street, Indianapolis, IN 46208 - Image 27
3516 Salem Street, Indianapolis, IN 46208 - Image 28
3516 Salem Street, Indianapolis, IN 46208 - Image 29
3516 Salem Street, Indianapolis, IN 46208 - Image 30
3516 Salem Street, Indianapolis, IN 46208 - Image 31
3516 Salem Street, Indianapolis, IN 46208 - Image 32
3516 Salem Street, Indianapolis, IN 46208 - Image 33
3516 Salem Street, Indianapolis, IN 46208 - Image 34
3516 Salem Street, Indianapolis, IN 46208 - Image 35
3516 Salem Street, Indianapolis, IN 46208 - Image 36
3516 Salem Street, Indianapolis, IN 46208 - Image 37
3516 Salem Street, Indianapolis, IN 46208 - Image 38
3516 Salem Street, Indianapolis, IN 46208 - Image 39
3516 Salem Street, Indianapolis, IN 46208 - Image 40
3516 Salem Street, Indianapolis, IN 46208 - Image 41
3516 Salem Street, Indianapolis, IN 46208 - Image 42
3516 Salem Street, Indianapolis, IN 46208 - Image 43
3516 Salem Street, Indianapolis, IN 46208 - Image 44
3516 Salem Street, Indianapolis, IN 46208 - Image 45
3516 Salem Street, Indianapolis, IN 46208 - Image 46
3516 Salem Street, Indianapolis, IN 46208 - Image 47
3516 Salem Street, Indianapolis, IN 46208 - Image 48
3516 Salem Street, Indianapolis, IN 46208 - Image 49
3516 Salem Street, Indianapolis, IN 46208 - Image 50
3516 Salem Street, Indianapolis, IN 46208 - Image 51
3516 Salem Street, Indianapolis, IN 46208 - Image 52
3516 Salem Street, Indianapolis, IN 46208 - Image 53
3516 Salem Street, Indianapolis, IN 46208 - Image 54
3516 Salem Street, Indianapolis, IN 46208 - Image 55

Single Family Home for sale in Indianapolis, IN

for $240,000 with 4 bedrooms and 2 full baths, 1 half bath. This 2,492 square foot home was built in 1911 on a lot size of 0.12.

Welcome to 3516 Salem Street in Indianapolis-a beautifully updated home offering a fantastic combination of modern improvements, flexible living space, and an incredibly convenient location just minutes from Downtown Indianapolis. The remodeled basement, completed in 2023, adds valuable additional living space and features a custom kitchen with stainless-steel appliances, custom cabinetry, and quartz countertops, along with a bedroom. The newly installed full bathroom is sure to impress and improves function. The finished basement also offers the potential for additional rental or income-producing use, with the seller estimating approximately $1,000 per month in potential income. Connections are already in place for a separate in-unit laundry setup. Additional improvements include new flooring installed in 2024, appliances purchased in 2023 that will remain with the home, a new privacy fence installed in 2023, and a new deck built in 2025-creating an inviting outdoor space for entertaining, relaxing, or enjoying the warmer months. Location is another major highlight. Situated approximately 6 minutes from Downtown Indianapolis, you'll have convenient access to restaurants, entertainment, sporting events, shopping, employment centers, and everything the city has to offer. Families will also appreciate the proximity to The Children's Museum of Indianapolis, located approximately half a mile away. Ownership of this home may have access to free annual passes to the children's museum if you apply. With thoughtful updates, a finished basement offering flexible possibilities, newer major improvements, and a prime Indianapolis location, 3516 Salem Street is a property that offers both immediate comfort and long-term potential. Come see everything this home has to offer!

See more

Single Family Active

Price

$ 240,000

Bedrooms

4

Full Bath

2

Half Bath

1

Property Type

Single Family

Taxes

$ 4,562

Style

Traditional

Lot Size

0.12

Year Built

1911

Town/City

Indianapolis

County/Region

Marion

MLS | Web ID

22125721

Features
Interior
Interior Amenities Attic Access Walk-In Closet(s) Eat-in Kitchen Entrance Foyer
Basement Apartment Exterior Entry Finished
Total Fireplaces 0
Basement (Y/N) Y
Half Baths 1
Laundry Features Main Level In Basement
Total Bedrooms 4
Below Grade Finished Area 816
Main Level Bedrooms 0
Total Baths 3
See more
General
Heating Forced Air Gas
Cooling Central Air
Utilities Cable Available
Possession Closing
Appliances Dishwasher Gas Oven Range Hood Refrigerator Gas Water Heater
Garage Spaces 1
Patio/Porch Features Covered Patio
Architectural Style Traditional
Construction Materials Vinyl Siding
Year Built 1911
Township Center
Levels Two
Property Subtype Single Family Residence
Tax Year 2025
County Marion
New Construction N
Property Type Residential
HOA N
Subdivision Name Myers N Illinois St
Garage Y/N N
Total Rooms 8
Full Baths 2
Status Active
Directions GPS Friendly
City Indianapolis
High School District Indianapolis Public Schools
MLS Area 4910 - Marion - Center
Lot Size Square Feet 5184
Property Attached Y/N N
Property Condition Updated/Remodeled
Standard Status Active
Tax Lot 1071642
Legal Description Myers N Ill St Add L36
See more
Exterior
Parking Features Detached
Water Source Public
Foundation Details Block Full
Building Area Total 2492
Lot Size Acres 0.12
Other Equipment Smoke Alarm
Horse Amenities None
See more
* Excluded Features
List By
My Agent

Broker

realtor_dennisweaver@yahoo.com

Email

Affordability Calculator

$2,038
Per Month
81%
19%
0%
Monthly Principal & Interest
$1,658
Monthly Property Taxes
$380
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save

Discover how much house you can afford

Your dream home may be within reach.

Learn More about how to save

The time to sell is now
THE TIME TO SELL IS NOW! What's my home worth?
Nearby
4044905 Elementary School
4044909 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
10/9/2026$240,000 -4.00% Price Down
9/11/2026$250,000 Listed Price

Map


See all

3516 Salem Street, Indianapolis, IN, 46208 is a Single Family Home for sale at $240,000 with 2,492 sqft and a lot size of 0.12. 3516 Salem Street has 4 bedrooms, 2.1 baths, and was built in 1911. The property's zip code is 46208 which is in Indianapolis, IN