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Updated Duplex with Two-Bedroom Units
For Sale
$250,000

1145-1155 Leota Drive, Martinsville, IN 46151

Residential Income, Martinsville, IN

Property SizeContact for details
Lot Size0.27 Acres
Days on Market82

Property Features for 1145-1155 Leota Drive

General Information

Property type Residential Multi Family
Property subtype Other
Exterior features Lighting
Subdivision No Subdivision
Lot features Suburb
Elementary school district MSD Martinsville Schools
Middle school district MSD Martinsville Schools
High school district MSD Martinsville Schools
Directions Martinsville I 69 & Ohio Street Exit; North on Ohio Street to South Street; East on South Street to Leota Drive.
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
Legal 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 Agency: Jeff Paxson Team
Listed By: Jeffrey Paxson · License #RB14044826
Added: Jun 10 Changed: Aug 28 Last Checked: Aug 30 at 4:06AM
MLS# 22107436

Copyright © 2026 Broker Listing Cooperative®. 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 in Martinsville contains two residential units, each measuring 783 square feet with two bedrooms and one bathroom. Built in 2006, the brick property features an asphalt roof, forced-air heating, central air conditioning, and exterior lighting. Recent updates include a new roof and gutters completed in 2022, along with updated furnaces and water heaters.

The property occupies 0.27 acres at 1145-1155 Leota Drive in Martinsville, Indiana. One unit is currently vacant, while the other is occupied under a month-to-month arrangement. The lot provides outdoor space around the building, and the vacant side is available for viewing.

Key Highlights

  • Two‑unit layout with 783 square feet per side; each unit has 2 bedrooms and 1 bathroom
  • Built in 2006 on a 0.27‑acre lot
  • New roof and gutters completed in 2022

Property Analytics

Current Use

Duplexes

Suggested Use

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

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units
50%
Occupancy
Single-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

314
Businesses Nearby

Demographics for 46151, IN

32,335
Population
13,366
Households
2.4
Avg Household Size
44
Median Age
20%
College-Educated
89%
High-School Grad
203.6 sq mi
ZIP Area
159
Density / Sq Mi
$77,724
Median Household Income
$45,426
Median Earnings
$978
Median Rent
$219,400
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Duplex - Single-story brick property with one vacant unit and one month-to-month tenancy.
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: Two‑unit layout with 783 square feet per side; each unit has 2 bedrooms and 1 bathroom; Built in 2006 on a 0.27‑acre lot; New roof and gutters completed in 2022
More about this property
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