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Single-Story Duplex Income Property

1145-1155 Leota Drive Martinsville, IN 46151

1145-1155 Leota Drive, Martinsville, IN, 46151
$250,000
For Sale
Claim this Listing
$250,000

MULTI_FAMILY - Bungalow - Martinsville, IN

Property Size1,566 SF
Lot Size0.27 Acres
Price / SF$159.64
AddedJun 10
Days on Market36
Last RefreshJul 15 at 10:06 pm

Property Features for 1145-1155 Leota Drive

General Information

Property type
Residential Multi Family
Property subtype
Other
Exterior features
Lighting
Standard status
Active
APN
551303352003000021
Lot size
0.27 Acres

Taxes and HOA fees

Tax Year
2025
Tax Description
S3 T11 R1e Sw Corner .266 A

Utilities

Heating system
Forced Air
Cooling system
Central Air

Building Details

Year built
2006
Floors in Building
1
Number of units
2
Building materials
Brick
Roof type
Asphalt
Architectural style
Bungalow

Listing agent Jeffrey Paxson License #RB14044826

Listing office Jeff Paxson Team S St Rd 135 Ste 104 2550, Indianapolis, IN

Listing date Jun 10, 2026

MLS# 22107436 Listing URL

Copyright © 2026 MIBOR Service Corporation. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.


Investment Insights

Based on property information with market context.

This single-story duplex at 1145–1155 Leota Drive was constructed in 2006 and is configured as two matching sides. Each side offers approximately 783 square feet with two bedrooms and one bathroom. The property has been improved with a new roof and gutters in 2022, along with updated furnace and water heater systems.

One side is currently month-to-month, making it ready for a new lease, while the other side is vacant and available to show. The duplex sits on a generous lot, providing outdoor space suitable for everyday use and landscaping.

The layout and unit configuration can fit an owner-operator or investor seeking a straightforward two-unit residential income asset. With one unit already ready for leasing and the other available for immediate viewing, the property offers flexibility for occupancy and tenant onboarding. For prospective buyers, the documented updates to the roof, gutters, furnace, and water heater are relevant considerations when evaluating day-to-day maintenance and replacement cycles.

Key Highlights

  • Duplex built in 2006 with single‑story layout
  • Each side offers 783 sq ft with 2 beds and 1 bath
  • Duplex updated with new roof and gutters in 2022

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

Parking Lot & Garage Kitchen & Bath Showroom (Bike/Boat/Book/etc) Store Cafe & Coffee Shop (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Plumbing Service Veterinary Clinic Butcher (Bike/Boat/Book/etc) Store

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Duplex - Well-maintained duplex built in 2006 with updated roof and units available for leasing or occupancy.
Where is this duplex located?
The property is located at 1145-1155 Leota Drive Martinsville, IN.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Duplex built in 2006 with single‑story layout; Each side offers 783 sq ft with 2 beds and 1 bath; Duplex updated with new roof and gutters in 2022
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