$179,900
$200M PRICE DROP

Estimated payment $1,171/month

Total Views 7,579
3 Beds
3 Baths
2,972 Sq Ft
$61 Price per Sq Ft

About This Home

Excellent Duplex Investment Opportunity with Strong Rental Potential! Take advantage of this fully occupied duplex offering immediate rental income and future upside potential. Both tenants have maintained occupancy for nearly two years on month-to-month leases, providing stability while still allowing flexibility for the next owner. This versatile property features a total of 4 bedrooms and 3 bathrooms, including: One spacious 2 bed / 2 bath unit One well-appointed 2 bed / 1 bath unit Each unit includes: Laundry hookups Kitchen appliances included Comfortable, functional living spaces Investors will appreciate the opportunity to increase rents over time, as current rental rates are below market value. Additional features include a dedicated storage room located on the rear of the building and extensive storage shelving in the basement, offering valuable extra space for tenants or owner use. Whether you're adding to your portfolio or entering the multifamily market, this duplex presents a great opportunity with steady income and long-term potential.

Listing Agent

Brandon Warfield

Carpenter REALTORS Martinsville Brokerage Phone: 317-626-7174 Listed on: 05/08/2026

Carpenter REALTORS Martinsville

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1940

Lot Details

  • 5,227 Sq Ft Lot
  • Lot Dimensions are 46 x 117.4
  • Level Lot

Home Design

  • Duplex
  • Stone Exterior Construction

Interior Spaces

  • 2-Story Property

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Full Bathrooms

Schools

  • Lincoln Elementary School
  • Bedford Middle School
  • Bedford-North Lawrence High School

Utilities

  • Forced Air Heating and Cooling System

Community Details

  • 2 Units

Listing and Financial Details

  • The owner pays for sewer
  • Assessor Parcel Number 47-06-23-320-053.000-010

Property Details

Home Type

Multi-Family

Year Built

Built in 1940

Lot Details

5,227 Sq Ft Lot

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Duplex
  • Year Built: 1940
  • Bedrooms: 3
  • Total Bathrooms: 3
  • Total Full Bathrooms: 3
  • Legal Description: BRIGHTWOOD LOT 2 EXC W 2' BLK D 44 X 120 0 X 60
  • Parcel Number ID: 47-06-23-320-053.000-010
  • Platted: Yes
  • Special Features: None

Interior Features

  • Total Sq Ft: 2972
  • Total Finished Sq Ft: 2972
  • Above Grade Finished Sq Ft: 2972
  • Flooring: Mixed
  • Main Level Sq Ft: 2972
  • Number Of Ranges Ovens: 2

Exterior Features

  • Exterior: Stone
  • Stories: 2

Utilities

  • Cooling: Central Air
  • Heating Fuel: Forced Air
  • Sewer: City
  • Water Utilities: City
  • Number Of W D Hookups: 2

Schools

  • Elementary School: Lincoln

Lot Info

  • Lot Description: Level
  • Lot Dimensions: 46 X 117.4
  • Estimated Lot Sq Ft: 5227
  • Estimated Lot Size Acres: 0.12

Rental Info

  • Lease Term: Month to Month
  • Owner Pays: Sewer
  • Tenant Pays: Electric

Multi Family

  • Number Of Refrigerators: 2
  • Number Of Units: 2
  • Num Of2 Bedrooms: 2

MLS Schools

  • High School: Bedford-North Lawrence
  • Middle School: Bedford
  • School District: North Lawrence Community Schools

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
07/22/2026 07/22/26 Price Changed $179,900 -10.0% $61 / Sq Ft
05/08/2026 05/08/26 Price Changed $199,900 -99.9% $67 / Sq Ft
05/08/2026 05/08/26 For Sale $199,900,000 -- $67,261 / Sq Ft
Source: Indiana Regional MLS

Source: Indiana Regional MLS

MLS Number: 202617326

Indiana Regional MLS
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