7591 N Old State Road 67
Mooresville, IN, 46158 $ 399,999
Bedrooms10 Baths3.1 Sq 4,770 Monthly Estimate*
$ 2,763
for $399,999 with 10 bedrooms and 3 full baths, 1 half bath. This 4,770 square foot home was built in 1978 on a lot size of 1.26.
Bring your offer. Motivated Seller!! 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 which can be removed and reconfigured back to one larger two-story residential 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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FeaturesInteriorInterior Amenities Entrance Foyer In-Law Floorplan Pantry
Basement Roughed In Unfinished
Basement (Y/N) Y
Half Baths 1
Laundry Features In Unit Connections All Laundry Closet Main Level Upper Level
Total Bedrooms 10
Below Grade Finished Area 0
Main Level Bedrooms 4
Total Baths 4
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GeneralHeating Natural Gas
Cooling Central Air Wall Unit(s)
Possession Closing
Appliances Dishwasher Dryer Gas Water Heater Electric Oven Refrigerator Washer
Patio/Porch Features Patio Porch Wrap Around
Architectural Style Log
Construction Materials Log
Year Built 1978
Township Clay
Levels Two and a Half
Property Subtype Single Family Residence
Tax Year 2025
County Morgan
New Construction N
Property Type Residential
HOA N
Subdivision Name No Subdivision
Garage Y/N N
Total Rooms 22
Full Baths 3
Status Active
Directions GPS Friendly
City Mooresville
High School District MSD Martinsville Schools
MLS Area 5506 - Morgan - Clay
Lot Size Square Feet 54886
Property Attached Y/N N
Additional Parcels Y/N N
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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ExteriorParking Features Gravel
Lot Features Corner Lot Mature Trees
Water Source Public
Foundation Details Block
Spa N
Building Area Total 4770
Lot Size Acres 1.26
Waterfront Y/N N
Horse Amenities None
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* Excluded FeaturesList ByPurdiePropertiesIndy@gmail.comEmail
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 NearbySingle family listings in Mooresville, IN
Average List Price $436,176
Percent of Sale Price 9%
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 |