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2576 Old State Road 37 Road S

Martinsville, IN 46151

ActiveListed Aug 22, 2026 · 36 days on market

Key facts

Beds
2
Baths
1 full
Living area
1,777 sqft
Lot
0.52 acres
Year built
1950
Type
Residential · Single Family Residence
Stories
One
Garage
4 spaces
MLS #
22121512
County
Morgan
Subdivision
No Subdivision
Total building area
2,026 sqft

About this home

INVESTMENT OPPORTUNITY - Charming - 3 UNIT INVESTMENT PROPERTIES on .52 acre. Many updates have been made to these Units. Excellent Income-Producing Opportunity or Owner-Occupant. Your tenants are going to Enjoy the Peaceful, Private, and Quite Atmosphere of Country Living, Surrounded by Nature. Asphalt driveway, Privacy Fence and Fully Fenced Backyard. 2 Storage Buildings on property for extra storage. New Metal Roof-4 years old and New Windows-1 year old - all windows in both units. UNIT #1 - 2 bedroom, Lg. Living Room, Formal Dining Room, Eat in Kitchen with Breakfast Bar and lots of cabinets for storage, 1 Bathroom, Sun Room, Basement. UNIT #2 - 1 Bedroom, Living Room, Eat in Kitchen, 1 Bathroom. UNIT #3 - (Separate Unit) - 1 Bedroom, Lg. Living Room, Eat in Kitchen, 1 Bathroom and Laundry Room with a Covered Front Porch for the tenants to enjoy. Don't wait to Start adding to your Investment Income. Schedule your private showing today.

Description provided by the listing brokerage.

Interior

Appliances
Electric OvenRefrigeratorRange Hood
Interior features
Attic AccessBreakfast BarCathedral Ceiling(s)Vaulted Ceiling(s)
Kitchen
Kitchen Some Updates
Other rooms and areas
Laundry in UnitLiving Room Formal
Basement
Daylight
Fireplaces
1
Fireplace type
Non Functional
Laundry
In Basement
Security
Smoke Detector(s)
Rooms
5
Main-level bedrooms
2

Exterior

Exterior features
Storage Shed
Patio and porch
Covered
Construction
Stone
Foundation
Block
Style
Ranch
Parking and garage
AsphaltGravel
Fencing
Gate
View
Trees/Woods
Other equipment
Smoke Alarm

Systems

Heating
Forced Air
Cooling
Central AirWall Unit(s)
Water
Public
Utilities
Electricity ConnectedNatural Gas ConnectedSeptic SystemWater Connected

Lot and HOA

Lot features
Rural - Not SubdivisionMature Trees

Schools

Elementary school
Charles L Smith Fine Arts Academy
Middle school
John R. Wooden Middle School
High school
Martinsville High School
School district
MSD Martinsville Schools

Taxes

Estimated annual tax
$2,904 / yearTwice the semi-annual installment the listing reports.
Tax year
2025

Estimate your monthly payment

$1,857per month, estimated
Principal and interest $1,510Property tax $242Insurance $105
20% · $59,900
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$299,500
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