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Brick Duplex with Off-Street Parking
For Sale
$235,000

437-439 Duo Drive, Martinsville, IN 46151

Residential Income, Martinsville, IN

Property SizeContact for details
Lot Size0.23 Acres
Days on Market54

Property Features for 437-439 Duo Drive

General Information

Property type Residential Multi Family
Property subtype Duplex
Bedrooms 2
Bathrooms 1
Full bathrooms 1
Rooms Bathroom 1, Bedroom 1, Bedroom 2
Exterior features Fire Pit, Storage Shed
Subdivision Bolin Sub
Lot features City Lot, Not In Subdivision, Sidewalks, Street Lights, Trees- Small ( Under 20 Ft)
Elementary school Poston Road Elementary School
Middle school John R. Wooden Middle School
High school Martinsville High School
Elementary school district MSD Martinsville Schools
Middle school district MSD Martinsville Schools
High school district MSD Martinsville Schools
Directions GPS Friendly
Standard status Active
APN 551309120012000021
Lot size 0.23 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description Lot 12 Bolin Subdivision 3rd Sec
Tax Annual Amount 2512
Legal Description Lot 12 Bolin Subdivision 3rd Sec

Utilities

Heating system Electric (Heating), Forced Air
Cooling system Window Unit(s)

Amenities

off-street parking
fire pit

Building Details

Year built 1977
Floors in Building 1
Number of units 2
Building materials Brick
Architectural style Ranch
Additional Structures Storage
Listing Agency: Keller Williams Indy Metro Partners · Keller Williams Realty
Listed By: Michelle Chandler · License #RB14035890
Added: Aug 14 Changed: Sep 10 Last Checked: Oct 6 at 4:06PM
MLS# 22119657

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.

Built in 1977, this all-brick ranch duplex includes two separate units, each with two bedrooms and one full bathroom. Both units are currently rented. The property sits on 0.23 acres and includes off-street parking, a backyard fire pit, and a storage shed. Heating is provided by electric forced-air systems, with window unit cooling.

Located in Martinsville, the property offers access to nearby restaurants, shopping, and everyday amenities. I-69 provides a commuting route toward Indianapolis and Bloomington. The duplex layout supports continued rental use or an owner-occupant arrangement with one unit occupied by the owner and the other rented.

Key Highlights

  • Two‑unit duplex with 2 bedrooms and 1 full bathroom in each unit
  • Both units are currently rented
  • All‑brick ranch construction built in 1977

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Parking Lot & Garage Law Firm Real Estate Agency Kitchen & Bath Showroom Locksmith (Bike/Boat/Book/etc) Store

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
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

361
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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in Midwest region

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

What type of property is this?
Duplex - Both units are rented, with off-street parking and a backyard fire pit.
Where is this duplex located?
The property is located at 437-439 Duo Drive Martinsville, IN.
What is the asking price?
The asking price for this property is $235,000.
What are key features of this property?
This property features: Two‑unit duplex with 2 bedrooms and 1 full bathroom in each unit; Both units are currently rented; All‑brick ranch construction built in 1977
More about this property
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