3

Martinsville, IN Multifamily Homes & Duplexes for Sale

Section Image
  • /17

    $249,900

    • 4 Beds
    • 2 Baths

    80-82 Magnolia St, Martinsville, IN 46151

    INCOME PRODUCING MORGAN COUNTY DUPLEX ALERT!!!! One side is empty so can work for owner occupant, live in half and use rent towards your mortgage OR rent out the other side to collect two incomes! Occupied side was just redone inside last year piror to current tenant and the empty side is currently under construction but will be completed at close or negotiated per your needs. Entire outside was

    Jacqueline Trout-Huser First Focus Realty LLC

    80-82 Magnolia St, Martinsville, IN 46151
  • /10

    $125,000

    • 2 Baths
    • 2,156 Sq Ft

    795 N Main St, Martinsville, IN 46151

    This charming property is situated at 795 N Main St, Martinsville, IN 46151. Built in 1980, this former Church offers a spacious area of 2156 sq ft, featuring an Office 2 Bathrooms, a Sanctuary, Community Room with Kitchen and an Unfinished Apartment Area. Priced at $125,000, this building is perfect for those seeking a peaceful retreat in the heart of Martinsville. Ideal for smaller Church

    Merribeth Burns Dollars and Sense Real Estate Inc.

    795 N Main St, Martinsville, IN 46151
  • /25

    $150,000

    • 2 Beds
    • 1 Bath

    630-640 N Cherry St, Martinsville, IN 46151

    Freshly renovated investment property! Already rented and managed with a great rate of return! This property is a double with two bedrooms and 1 bath per side. Owner pays water, and renter pays gas and electric.

    Christina McCallister New Start Home Realty, LLC

    630-640 N Cherry St, Martinsville, IN 46151

Why Live in Martinsville

Martinsville, Indiana, historically known for its mineral water, is now more connected to its highway access, particularly with the completion of Interstate 69, which links it to Indianapolis 40 miles north and Bloomington 20 miles south. This small city of around 12,000 residents offers a mix of housing options, from older bungalows in town to spacious properties near Fish Hatchery Lake and Foxcliff Golf Club. The Metropolitan School District of Martinsville is highly rated, with Martinsville High School featuring a unique student-produced broadcasting program. Downtown Martinsville is a vibrant area with locally owned businesses, including the long-standing Martinsville Candy Kitchen. The city’s economy includes notable employers like IU Health Morgan Hospital and Ozark Fisheries, the oldest private goldfish and koi farm in the U.S. Martinsville’s parks, such as Jimmy Nash City Park and the nearby Morgan-Monroe State Forest, provide ample recreational opportunities, while the local golf courses utilize the region's rolling hills. High school sports are a significant part of the community culture, with a rich history tied to basketball legend John Wooden. Despite a past marred by a notorious hate crime, Martinsville has seen demographic changes over the decades.

Home Trends in Martinsville, IN

Housing Trends

Median Sale Price
$319,754
Median Single Family Sale Price
$360,519
Average Price Per Sq Ft
$165
Number of Homes for Sale
5
Last 12 months Home Sales
101
Months of Supply
0.60
Median List Price
$360,519
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
-20%
How to Buy a Home How to Finance a Home How to Sell a Home