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371 W Douglas Street

Martinsville, IN 46151

ActiveListed Sep 10, 2026 · 1 day on market

Key facts

Beds
2
Baths
1 full
Living area
1,200 sqft
Lot
0.2 acres
Year built
1970
Type
Residential · Single Family Residence
Stories
One
MLS #
22124569
County
Morgan
Subdivision
No Subdivision

About this home

Investor dream! Don't miss this opportunity to complete a renovation that's already well underway. All supplies remain, cutting costs of finishing this renovation. This 2-bedroom, 1-bath home offers approximately 1,200 square feet and is an excellent opportunity for investors, rehabbers, or buyers looking to build instant equity. The property was gutted, new drywall and ceiling in place. Just ready for the finishing phase. Major improvements have already been completed, including new windows, new walls, and new ceilings. Brand-new kitchen cabinets are included and ready for installation, and insulation is already on-site. All appliances stay. Tile for backsplash and slate tile for bathroom are at the home. All building materials will remain for the next buyers use. Electrical upgrade is 90% finished. Plumbing in bathroom is started. Tile in shower has been started. Bring your design ideas and complete the project to suit your vision. The home does not currently have an HVAC system and will need to be connected to city sewage system. Once finished, it offers excellent potential as a resale, long-term rental, or affordable owner-occupied home. Being sold AS IS. A great opportunity to add value and maximize your investment.

Description provided by the listing brokerage.

Interior

Appliances
DishwasherElectric OvenRefrigerator
Interior features
Hi-Speed Internet Availbl
Rooms
4
Main-level bedrooms
2
Condition
Fixer

Exterior

Patio and porch
Covered
Construction
Block
Foundation
Slab
Style
Bungalow

Systems

Water
Public

Lot and HOA

Lot features
City LotNot In 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
$654 / yearTwice the semi-annual installment the listing reports.
Tax year
2025

Estimate your monthly payment

$513per month, estimated
Principal and interest $428Property tax $55Insurance $30
20% · $17,000
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$85,000
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