Key facts
- Beds
- 10
- Baths
- 3 full · 1 half
- Living area
- 4,770 sqft
- Lot
- 1.26 acres
- Year built
- 1978
- Type
- Residential · Single Family Residence
- Stories
- Two and a half
- MLS #
- 22120362
- County
- Morgan
- Subdivision
- No Subdivision
About this home
Bring your offer. Motivated Seller!! 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 which can be removed and reconfigured back to one larger two-story residential 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
- Appliances
- Interior features
- Other rooms and areas
- Basement
- Laundry
- Windows
- Rooms
- 22
- Main-level bedrooms
- 4
Exterior
- Patio and porch
- Construction
- Foundation
- Style
- Parking and garage
Systems
- Heating
- Cooling
- Water
Lot and HOA
- Lot features
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
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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