$455,000
- 3 Beds
- 2 Baths
- 2,149 Sq Ft
8205 Mcwhorter Rd, Martinsville, IN 46151
Caleb Sorrells Great Plains Land Co.
3
Martinsville, IN Multifamily Homes & Duplexes for Sale
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8205 Mcwhorter Rd, Martinsville, IN 46151
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Explore Martinsville
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$249,900
- 4 Beds
- 2 Baths
80-82 Magnolia St, Martinsville, IN 46151
80-82 Magnolia St, Martinsville, IN 46151Jacqueline Trout-Huser First Focus Realty LLC
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$125,000
- 2 Baths
- 2,156 Sq Ft
795 N Main St, Martinsville, IN 46151
795 N Main St, Martinsville, IN 46151Merribeth Burns Dollars and Sense Real Estate Inc.
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
On average, homes in Martinsville, IN sell after 55 days on the market compared to the national average of 52 days. The median sale price for homes in Martinsville, IN over the last 12 months is $229,000, up 3% from the median home sale price over the previous 12 months.
Housing Trends
Median Sale Price
$229,000
Median Single Family Sale Price
$239,900
Median Townhouse Sale Price
$445,000
Average Price Per Sq Ft
$157
Number of Homes for Sale
46
Last 12 months Home Sales
219
Months of Supply
2.50
Median List Price
$249,900
Median Change From 1st List Price
3%
Median Home Sale Price YoY Change
3%
In Martinsville, there are currently 3 multi-family homes for sale, providing an appealing investment opportunity for buyers. With multi-family homes priced between $125,000 to $455,000, there's a range to accomodate every budget. As of September, 2025 the median home price in Martinsville is $249,900, while the average sale price is $266,532, offering insights into the local housing market. On average, multi-family homes spend 55 days listed before being sold. Multi-family homes include a variety of property types, from duplexes, triplexes, and fourplexes, to apartment complexes, all within a single building divided to accommodate multiple families living separately. These multi-family properties for sale offer investors the chance to generate rental income. Whether you're considering a duplex for a beginner investment or an apartment complex for a more substantial venture, there are investment properties available to meet your requirements. Explore the range of multi-family homes for sale in Martinsville, IN.
Martinsville Types of Homes for Sale
Martinsville Real Estate Listings
More About Living in Martinsville
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