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!
Active
Price cut: $15K (8/29)
$405,000
7591-7593 N Old S #R-67, Mooresville, IN 46111
10beds
4baths
--sqft
Multi Family, Triplex
Built in 1978
-- sqft lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Three separate living unitsOutdoor space for entertainingSurrounded by mature treesSpacious corner lot
- 10 days
- 717
- 40
Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
Danielle Stiles 317-270-0634,
The Modglin Group,
Dawn Purdie,
The Modglin Group
Source: MIBOR as distributed by MLS GRID,MLS#: 22119730
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 10
- Bathrooms: 4
Heating
- Electric
Cooling
- Central Air, Wall Unit(s)
Appliances
- Laundry: Laundry Closet
Features
- Basement: Roughed In,Unfinished
Property
Parking
- Total spaces: 6
- Parking features: Gravel
- Carport spaces: 6
- Details: Unit Parking(2 Car Space, Unpaved)
Features
- Levels: Two and a Half
- Stories: 2
Lot
- Size: 1.26 Acres
- Features: Corner Lot, Mature Trees
Details
- Additional structures: Storage
- Parcel number: 550525100017001008
- Special conditions: Other
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Log
- Property subtype: Multi Family, Triplex
Materials
- Log, Log Siding
- Foundation: Block
- Roof: Asphalt
Condition
- New construction: No
- Year built: 1978
Community & HOA
Community
- Subdivision: No Subdivision
Location
- Region: Mooresville
Financial & listing details
- Tax assessed value: $268,800
- Annual tax amount: $2,000
- Date on market: 8/20/2026
- Cumulative days on market: 162 days
- Road surface type: Asphalt
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 8/29/2026 | Price change | $405,000-3.6% |
Source: | ||
| 8/20/2026 | Listed for sale | $420,000+5.3% |
Source: | ||
| 8/6/2026 | Listing removed | $399,000 |
Source: | ||
| 5/27/2026 | Price change | $399,000-6.1% |
Source: | ||
| 4/8/2026 | Price change | $425,000-5.3% |
Source: | ||
| 3/10/2026 | Listed for sale | $449,000-5.5% |
Source: | ||
| 2/28/2026 | Listing removed | $475,000 |
Source: | ||
| 2/27/2026 | Listed for sale | $475,000-9.5% |
Source: | ||
| 7/24/2025 | Listing removed | $525,000 |
Source: | ||
| 4/24/2025 | Listed for sale | $525,000 |
Source: | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,870 -32.8% | $268,800 +14.1% |
| 2024 | $2,781 +16.4% | $235,500 -2.5% |
| 2023 | $2,390 +33.5% | $241,600 +5.5% |
| 2022 | $1,790 +3.8% | $229,000 +34.6% |
| 2021 | $1,725 +46.5% | $170,100 +0.7% |
| 2020 | $1,178 +3.3% | $168,900 +2.6% |
| 2019 | $1,140 +7.4% | $164,600 +1% |
| 2018 | $1,062 +12.1% | $162,900 +7.3% |
| 2017 | $948 +15.3% | $151,800 +10.1% |
| 2016 | $822 +4.2% | $137,900 +0.1% |
| 2014 | $789 | $137,700 -5.4% |
| 2013 | $789 +8.3% | $145,600 +2.7% |
| 2012 | $729 +15.5% | $141,800 -9.2% |
| 2011 | $632 +135.4% | $156,100 +425.6% |
| 2010 | $268 +3.2% | $29,700 |
| 2009 | $260 -27.2% | $29,700 |
| 2006 | $357 | $29,700 -83.5% |
| 2005 | -- | $179,600 |
Find assessor info on the county website
Monthly payment
Est. payment





