Single-Story Duplex Income
For Sale
$250,000
1145-1155 Leota Drive, Martinsville, IN 46151
MULTI_FAMILY - Bungalow - Martinsville, IN
Property Size1,566 SF
Lot Size0.27 Acres
Price / SF$159.64
Days on Market56
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
(317) 679-2121
Listed By:
Jeffrey Paxson · License #RB14044826
(317) 679-2121
Added: Jun 10
Changed: Jun 19
Last Checked: Aug 4 at 8:06AM
MLS# 22107436
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.
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
Current Use
Lease Details
2
Residential units
50%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
314
Businesses Nearby
Explore this area
Business Placement
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
Questions? Ask Rey
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Frequently Asked Questions
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
