7591-7593 N Old S R 67
Mooresville, IN, 46158
$
399,999
Bedrooms--
Baths0.0
Monthly Estimate*
$
2,763
for $399,999. This home was built in 1978 on a lot size of 1.26.
Motivated Seller BRING YOUR OFFER! Charming Tri-Level Log Cabin with Income-Producing Potential in Mooresville! Unique investment opportunity just outside of Brooklyn in the Martinsville school district! This Cabin sits on a spacious corner lot surrounded by mature trees, offering plenty of shade, wrap around porches for privacy, and outdoor space for entertaining. The gravel driveway provides ample parking, with space for approximately two vehicles per unit. The property is currently configured as three separate living units, each offering its own kitchen and laundry hookups, creating an excellent opportunity for an investor seeking multiple income streams or a buyer looking for flexible multi-generational living. Unit 1 which is on the main floor has original stairs to second floor walled off; however, these can be removed and reconfigured back one larger two story living space. Unit 1, features 4 bedrooms and 1 bath, with two separate entrances into the living space and its own private porch area. Unit 2, located on the second level, offers 3 bedrooms, 1 bathroom, and spacious kitchen. Unit 3 is accessed from the second level and continues upward into the home's top tri-level, where you'll find a spacious open-concept living room and kitchen, 3 bedrooms, and 1.5 baths. Conveniently located approximately 10 minutes from Mooresville, 13 minutes from Martinsville, and 35 minutes from Downtown Indianapolis, this property offers a unique combination of character, location, rental potential, and flexibility. Units 2 and 3 are currently leased, providing immediate rental income, while Unit 1 offers additional rental potential or flexibility for an owner occupant. Whether you're looking to expand your rental portfolio, house multiple generations under one roof, or restore this distinctive log cabin into a spacious single-family home, this is an opportunity worth exploring!
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Features
General
Heating
Electronic Air Filter
Cooling
Central Air
Wall Unit(s)
Possession
Closing
Roof
Asphalt
Architectural Style
Log
Construction Materials
Log
Log Siding
Year Built
1978
Township
Clay
Levels
Two and a Half
Property Subtype
Triplex
Tax Year
2025
Current Use
Apt<20
County
Morgan
New Construction
N
Property Type
Residential Income
Subdivision Name
No Subdivision
Status
Active
Directions
GPS Friendly
City
Mooresville
High School District
MSD Martinsville Schools
Number Of Units Total
3
MLS Area
5506 - Morgan - Clay
Lot Size Square Feet
54886
Carport Spaces
6
Property Attached Y/N
N
Additional Parcels Y/N
N
Structure Type
Triplex
Standard Status
Active
Tax Lot
55-05-25-100-017.001-008
Legal Description
S25 T13 R1e Pt Nw 1.26 A.
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Interior
Basement
Roughed In
Unfinished
Basement (Y/N)
Y
Laundry Features
Laundry Closet
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Exterior
Exterior Amenities
Storage Shed
Parking Features
Gravel
Lot Features
Corner Lot
Mature Trees
Foundation Details
Block
Lot Size Acres
1.26
Road Surface Type
Asphalt
Waterfront Y/N
N
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* Excluded Features
List By
RealEstate@DanielleStiles.com
Email
Affordability Calculator
- Monthly Principal & Interest
- $2,763
- Monthly Property Taxes
- $167
- 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
Nearby
Multi-family listings in Mooresville, IN
Average List Price
$272,128
Percent of Sale Price
32%
About Mooresville, IN
9,210
Population
2%
Since 2002
$
53,172
Median Income
40.14
Median Age
27%
Households with Children
Trends Information provided by ATTOM Data Solutions.
4046635
Elementary School
4046434
Middle School
Unknown High School
High School
Pricing History
| Date |
Price |
Price Change |
Description |
|
9/11/2026
|
$399,999
|
-1.23%
|
Price Down
|
|
8/29/2026
|
$405,000
|
-3.57%
|
Price Down
|
|
8/20/2026
|
$420,000
|
|
Listed Price
|