389 N Main St Martinsville, IN 46151
Estimated payment $4,742/month
About This Home
Don't miss an opportunity to own a completely remodeled, no deferred issues with this multi family property as an investment or live in one and rent the others. Perfect to complete your portfolio!! No stone unturned all the way down to the brand new water main into the building, sewer lines, water lines, New underground electrical main, all new electrical panels wires and boxes as well for tenants to pay own electrical!! New insulation on the interior and attic. New decking, roofing, gutters, soffits, siding and more!!! All new modern interior updates that will attract any tenant with a good mix of units. 2 lower units have direct exterior access. Two two bedroom units on the main and upper with washers and dryers in units! A larger 1 bedroom on the main with a private roof top terrace! Rental opportunity $7500-$8500 monthly. Prime location in growing town for this beautiful brick 7 unit complex located 1 block from downtown Martinsville. Close to food, Entertainment the new I-69, 16 min from Indiana University Bloomington and 25 minutes from the southside of downtown Indianapolis.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,970
Year Built
- Built in 1900 | Remodeled
Lot Details
- 10,106 Sq Ft Lot
Home Design
- Brick Foundation
- Concrete Perimeter Foundation
Interior Spaces
- 3-Story Property
- Fire and Smoke Detector
- Laundry Room
- Basement
Bedrooms and Bathrooms
- 11 Bedrooms
- 7 Bathrooms
Parking
- Common or Shared Parking
- Alley Access
Schools
- John R. Wooden Middle School
- Bell Intermediate Academy
Utilities
- Two cooling system units
- Ductless Heating Or Cooling System
Community Details
- M & B Subdivision
Listing and Financial Details
- The owner pays for insurance, lawncare, taxes, sewer, trash collection, water
- Tax Lot 33
- Assessor Parcel Number 550933452001000021
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 10/20/2025 10/20/25 | For Sale | $850,000 | -- | -- |
Source: MIBOR Broker Listing Cooperative®
MLS Number: 22069105
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