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Active
  • Price cut: $15K (8/29)
    $405,000

    7591-7593 N Old S #R-67, Mooresville, IN 46111

    10beds
    4baths
    --sqft
    : 
    $2,531/mo
    Get pre-qualified
    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
    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!
    10 days
    726
    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#: 22119730MLS Logo

      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

        DateEventPrice
        8/29/2026Price change$405,000-3.6%
        Source: MIBOR as distributed by MLS GRID #22119730 Report a problem
        8/20/2026Listed for sale$420,000+5.3%
        Source: MIBOR as distributed by MLS GRID #22119730 Report a problem
        8/6/2026Listing removed$399,000
        Source: MIBOR as distributed by MLS GRID #22087880 Report a problem
        5/27/2026Price change$399,000-6.1%
        Source: MIBOR as distributed by MLS GRID #22087880 Report a problem
        4/8/2026Price change$425,000-5.3%
        Source: MIBOR as distributed by MLS GRID #22087880 Report a problem
        3/10/2026Listed for sale$449,000-5.5%
        Source: MIBOR as distributed by MLS GRID #22087880 Report a problem
        2/28/2026Listing removed$475,000
        Source: MIBOR as distributed by MLS GRID #22086257 Report a problem
        2/27/2026Listed for sale$475,000-9.5%
        Source: MIBOR as distributed by MLS GRID #22086257 Report a problem
        7/24/2025Listing removed$525,000
        Source: MIBOR as distributed by MLS GRID #22034430 Report a problem
        4/24/2025Listed for sale$525,000
        Source: MIBOR as distributed by MLS GRID #22034430 Report a problem

        Public tax history

        YearProperty taxesTax 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

        Payment breakdown

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        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
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        Climate risks

        Neighborhood: 46111

        Getting around

        22 / 100
        Car-Dependent
        30 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating

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