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7591-7593 N Old S R 67

Mooresville, IN 46158

ActiveListed Aug 19, 2026 · 58 days on market

Key facts

Lot
1.26 acres
Year built
1978
Type
Residential Income · Triplex
Stories
Two and a half
MLS #
22119730
County
Morgan
Subdivision
No Subdivision

About this home

Motivated Seller 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!

Description provided by the listing brokerage.

Interior

Basement
Roughed InUnfinished
Laundry
Laundry Closet

Exterior

Exterior features
Storage Shed
Roof
Asphalt
Construction
LogLog Siding
Foundation
Block
Style
Log
Parking and garage
Gravel
Carport spaces
6

Systems

Heating
Electronic Air Filter
Cooling
Central AirWall Unit(s)

Lot and HOA

Lot features
Corner LotMature Trees

Schools

School district
MSD Martinsville Schools

Taxes

Estimated annual tax
$2,000 / yearTwice the semi-annual installment the listing reports.
Tax year
2025

Estimate your monthly payment

$2,323per month, estimated
Principal and interest $2,016Property tax $167Insurance $140
20% · $80,000
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$399,999
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