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59-61 E Washington Street

Mooresville, IN 46158

ActiveListed May 14, 2026 · 75 days on market

Key facts

Lot
0.15 acres
Year built
1910
Type
Residential Income · Duplex
Stories
Two
MLS #
22100964
County
Morgan
Subdivision
No Subdivision

About this home

Upgraded Turnkey Duplex in Prime Mooresville Location!Value & Cap Rate Upside: Recent Appraisal at $276,000; Market rent potential up to $1,800/mo on the 3 bed / 2 bath unit.Current Rent Roll: $2,500/mo Total ($1,400 + $100 pet fee for Unit 1 | $1,000 for Unit 2). Key Capital Improvements: New Roof (2025), full cosmetic refresh throughout, new downstairs bathroom, and major sewer/plumbing upgrades. Property Features: Bright, functional floor plans, comfortable living spaces, and generous bedroom layouts. Location: Convenient proximity to local shopping, dining, schools, and major roadways. Perfect for portfolio growth or owner-occupants looking to offset their mortgage. Schedule your showing today!

Description provided by the listing brokerage.

Interior

Security
Smoke Detector(s)
Condition
Updated/Remodeled

Exterior

Exterior features
Storage ShedBalconyFire Pit
Roof
Shingle
Construction
Vinyl Siding
Style
Traditional
View
Neighborhood

Systems

Heating
Forced AirNatural Gas
Cooling
Central AirWindow Unit(s)

Schools

Elementary school
Newby Memorial Elementary School
Middle school
Paul Hadley Middle School
High school
Mooresville High School
School district
Mooresville Con School Corp

Taxes

Estimated annual tax
$2,550 / yearTwice the semi-annual installment the listing reports.
Tax year
2025

Estimate your monthly payment

$1,555per month, estimated
Principal and interest $1,255Property tax $213Insurance $87
20% · $49,800
6.47%
Loan type
Loan term

Estimates only. This calculator does not give a quote. Defaults reflect Marion County / Indianapolis averages: property tax from this home's actual county bill, homeowners insurance at 0.42% annually. Conventional: PMI runs 0.55% of the loan annually when your down payment is below 20%, and drops automatically at 22% equity. Your real number depends on credit, taxes assessed for the parcel, escrow, condo insurance, and HOA. Rates as of May 2026 and subject to change.

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Listed at$249,000
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