$206,000
$229,999
10.4%For more information regarding the value of a property, please contact us for a free consultation.
0.45 Acres Lot
SOLD DATE : 04/16/2026
Key Details
Sold Price $206,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Subdivision Bluff Meadows
MLS Listing ID 22091136
Sold Date 04/16/26
Year Built 1986
Tax Year 2025
Lot Size 0.450 Acres
Acres 0.45
Property Sub-Type Duplex
Property Description
Turnkey Investment Opportunity with Instant Income! Nestled in the charming community of Martinsville, Indiana, this well-maintained duplex is a rare chance to own an investment property with instant income. One unit is leased at 1,475 per month through July 31, 2027, and the other is vacant and will require minimal work to make it move-in ready. Offering instant income from day one and potential to lease the other side for additional income, or live in it and offset your expenses with the income from the other unit. Each of the two units offers 900 square feet of thoughtfully designed living space with 1.5 baths, combining comfort, functionality, and versatile occupancy. Situated on an expansive 14,820-square-foot lot, this property provides abundant outdoor space for personal enjoyment, or future enhancements. Built in 1986, the duplex offers 1,800 square feet of total living space across two independent units, combining functionality with long-term value. Beyond the property itself, the location is a standout feature. With easy access to Interstate 69, residents and tenants can quickly reach Indianapolis, Brown County, Bloomington, and other desirable destinations, making this an attractive location for renters seeking convenience and lifestyle. Martinsville offers a welcoming community atmosphere, strong rental demand, and a steadily growing local economy. Perfect for investors looking to expand their portfolio or owners wanting to offset expenses. This duplex represents the perfect blend of steady cash flow, and the option to live in one side or lease it for additional income. Strategic location gives owners or investors the opportunity to build wealth and grow their real estate portfolio. With instant income and additional income potential, this property is a true dream investment in Morgan County, Indiana. Tenant's rights apply. All showings require 48 hours notice
Location
State IN
County Morgan
Zoning NA
Interior
Fireplace N
Exterior
Garage Spaces 1.0
Building
Story One
Structure Type Brick
New Construction false
Schools
School District Mooresville Con School Corp
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© 2026 All listing information is courtesy of MIBOR Broker Listing Cooperative(R) as distributed by MLS Grid. All rights reserved.
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