Active Open Sunday 08/23 12 PM-2 PM

7591-7593 N Old S R 67

Mooresville, IN 46158
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Bed 0

Bed

Bath 0

Bath

Acres1.26

Acres(Lot)

OPEN HOUSE AUGUST 23rd 12 NOON - 2 PM!! 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 f loor 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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Detail Ic Property Details

Property Type : Residential Income

Price : $420,000

AD Id : 89722462

MLS Id : MBR22119730

Lot Size : 1.26 Acres

Year Built : 1978

County : Morgan

Subdivision: No Subdivision

Open House Open House

  • 08/23 12 PM-2 PM
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Feature Features

  • Room Information

    Has Basement: Yes

    Interior Features

    Roof: Asphalt Laundry Features: Laundry Closet

    Roofing Information

    Asphalt
  • Flooring Information

    Construction Materials: Log, Log Siding
  • Heating & Cooling

    Heating: Electronic Air Filter Cooling: None

  • Building Information

    Year Built: 1978
  • Exterior Features

    Storage Shed Construction Materials: Log, Log Siding Foundation Details: Block

  • Lot Information

    Lot Description: Corner Lot, Mature Trees Lot Square Feet: 54886 Lot Acres: 1.26

    Property Information

    Property Type: Residential Income Sub Type: Triplex Style: Log Structure Type: Triplex

  • Listing Price Information

    Original List Price:$420000

  • Tax Information

    Tax Lot: 55-05-25-100-017.001-008 Tax Legal Description: S25 T13 R1e Pt Nw 1.26 A. Tax Year: 2025 Parcel Number: 550525100017001008 Tax Exemption: Homestead Tax Exemption

  • Parking Information

    Gravel

  • Location Information

    Subdivision: No Subdivision City: Mooresville Direction: GPS Friendly
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
234-236 Lehr Drive, Mooresville, IN, 46158 $254,900 -- -- --
59-61 E Washington Street, Mooresville, IN, 46158 $249,000 -- -- --
48-50 1/2 E Main Street, Mooresville, IN, 46158 $276,000 -- -- --
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ByOwner last updated this listing 08/21/2026 @ 06:20

MLS: MIBOR #22119730 LISTED BY: Danielle Stiles, The Modglin Group 317-865-9400 SOURCE: MIBOR REALTOR® Association (Listings courtesy of MIBOR REALTOR® Association as distributed by MLS GRID)

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