Investor Alert! This 2-bedroom, 1.5-bathroom home in the heart of Oakland City presents a prime opportunity for income potential, with a detached garage/studio space perfect for an ADU conversion, home office, or rental unit. Situated on a spacious lot, the property offers a comfortable layout with generous living space, and is conveniently located near local parks, dining, and public transportation. With the neighborhood experiencing revitalization, this home offers great cash flow potential and the opportunity to increase value through updates or a rental strategy. Don’t miss out on this investment opportunity!
Closed
$40,000
231 W Morton St, Oakland City, IN 47660
2beds
1,152sqft
Single Family Residence
Built in 1950
7,405 Square Feet Lot
$41,400 Zestimate®
$--/sqft
$1,195 Estimated rent
Home value
$41,400
Estimated sales range
Not available
$1,195/mo
Zestimate® history
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List your homeWhat's special
Generous living spaceSpacious lot
Zillow last checked:
Listing updated:
Listed by:
Steve Koleno 804-656-5007,
Beycome Brokerage Realty
Bought with:
Darrell Doan, RB21002482
Mission Real Estate Group Inc.
Source: IRMLS,MLS#: 202513045
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 1
- 1/2 bathrooms: 1
- Main level bedrooms: 2
Bedroom 1
- Level: Main
Bedroom 2
- Level: Main
Heating
- Electric
Cooling
- Central Air
Features
- Basement: Partial
- Has fireplace: No
Interior area
- Total structure area: 1,440
- Total interior livable area: 1,152 sqft
- Finished area above ground: 1,152
- Finished area below ground: 0
Property
Features
- Levels: One
- Stories: 1
- Frontage length: Water Frontage(0)
Lot
- Size: 7,405 Square Feet
- Dimensions: 50X1450x145
- Features: Other
Details
- Parcel number: 261418303000.827007
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Asphalt, Masonry
Condition
- New construction: No
- Year built: 1950
Utilities & green energy
- Sewer: City
- Water: City
Community & HOA
Community
- Subdivision: None
Location
- Region: Oakland City
Financial & listing details
- Tax assessed value: $75,800
- Annual tax amount: $919
- Date on market: 4/16/2025
- Listing terms: Cash
Price history
| Date | Event | Price |
|---|---|---|
| 6/6/2025 | Sold | $40,000-12.1% |
Source:  IRMLS #202513045 Report a problem | ||
| 5/28/2025 | Pending sale | $45,499 |
Source: IRMLS #202513045 Report a problem | ||
| 5/12/2025 | Price change | $45,499-5.2% |
Source: IRMLS #202513045 Report a problem | ||
| 5/6/2025 | Price change | $47,999-4% |
Source: IRMLS #202513045 Report a problem | ||
| 4/16/2025 | Listed for sale | $49,999+92.3% |
Source: IRMLS #202513045 Report a problem | ||
| 8/22/2013 | Sold | $26,000$23/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $605 +7.8% | $83,100 +9.6% |
| 2024 | $562 -16.1% | $75,800 +7.2% |
| 2023 | $669 +49.3% | $70,700 -9.1% |
| 2022 | $448 +9.2% | $77,800 +68.4% |
| 2021 | $411 +49.2% | $46,200 +6.2% |
| 2020 | $275 -27.6% | $43,500 |
| 2019 | $380 -38.1% | $43,500 +8.8% |
| 2018 | $614 +163.1% | $40,000 +6.7% |
| 2017 | $233 +5.7% | $37,500 |
| 2016 | $221 +1.8% | $37,500 +3.3% |
| 2014 | $217 +6.8% | $36,300 -0.8% |
| 2013 | $203 -1.6% | $36,600 -2.4% |
| 2012 | $206 +16.6% | $37,500 +10.6% |
| 2011 | $177 -3.4% | $33,900 +8.7% |
| 2010 | $183 +10% | $31,200 +5.4% |
| 2009 | $167 | $29,600 -1.3% |
| 2006 | -- | $30,000 -32.4% |
| 2005 | -- | $44,400 |
Find assessor info on the county website
Neighborhood: 47660
Nearby homes
- $109,8002 bd1 ba1.1k sqft227 W Morton St, Oakland City, IN 47660Off Market
- $104,3002 bd1 ba1k sqft311 W Morton St, Oakland City, IN 47660Off Market
- $147,9003 bd2 ba1.1k sqft223 W Morton St, Oakland City, IN 47660Off Market
- $129,2003 bd1 ba877 sqft230 W Morton St, Oakland City, IN 47660Off Market
- $179,1003 bd2 ba1.5k sqft226 W Morton St, Oakland City, IN 47660Off Market
- $109,6002 bd1 ba1.2k sqft222 W Morton St, Oakland City, IN 47660Off Market
- $17,7002 bd1 ba1.2k sqft319 W Morton St, Oakland City, IN 47660Off Market
- $117,2002 bd1 ba924 sqft218 W Morton St, Oakland City, IN 47660Off Market
Nearby schools
GreatSchools rating
- 5/10Wood Memorial Primary SchoolGrades: PK-6Distance: 0.3 mi
- 5/10Waldo J Wood Memorial Junior High SchoolGrades: 6-8Distance: 0.3 mi
- 6/10Waldo J Wood Memorial HighGrades: 9-12Distance: 0.2 mi
Schools provided by the listing agent
- Elementary: Wood Memorial
- Middle: Wood Memorial
- High: Wood Memorial
- District: East Gibson S.D.
Source: IRMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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$41,400
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- Indiana
- Gibson County
- Oakland City
- 47660
- 231 W Morton St
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