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2-Unit Duplex with Balcony
For Sale
$249,000

59-61 E Washington Street, Mooresville, IN 46158

Residential Income, Mooresville, IN

Property SizeContact for details
Lot Size0.15 Acres
Days on Market154

Property Features for 59-61 E Washington Street

General Information

Property type Residential Multi Family
Property subtype Duplex
Bedrooms 4
Bathrooms 3
Full bathrooms 3
Rooms Bathroom 2, Bedroom 1, Bathroom 3, Bedroom 3, Bedroom 4, Bathroom 1, Bedroom 2
Exterior features Storage Shed, Balcony, Fire Pit
Subdivision No Subdivision
Elementary school Newby Memorial Elementary School
Middle school Paul Hadley Middle School
High school Mooresville High School
Elementary school district Mooresville Con School Corp
Middle school district Mooresville Con School Corp
High school district Mooresville Con School Corp
Directions GPS Friendly
Standard status Active
APN 550136140005000005
Lot size 0.15 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description Lot 10 Blk 4 E 1/2 Orig Plat Mooresville
Tax Annual Amount 2550
Legal Description Lot 10 Blk 4 E 1/2 Orig Plat Mooresville

Utilities

Heating system Natural Gas, Forced Air
Cooling system Central Air, Window Unit(s)

Building Details

Year built 1910
Floors in Building 2
Number of units 2
Building materials Vinyl Siding
Roof type Shingle
Architectural style Other
Additional Structures Storage
Listing Agency: Keller Williams Indy Metro Partners · Keller Williams Realty
Listed By: Gloria Gear · License #LB16001575
Added: May 14 Changed: Oct 8 Last Checked: Oct 14 at 8:06PM
MLS# 22100964

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 1910, this two-unit duplex sits on a 0.15-acre parcel and includes a balcony, storage shed, and fire pit. One unit is described as having three bedrooms and two bathrooms. Interior work includes a cosmetic refresh and a new downstairs bathroom, alongside sewer and plumbing upgrades. A replacement shingle roof was installed in 2025.

The property is in Mooresville, with local shopping, dining, schools, and major roadways described as nearby. Heating is natural gas forced air; cooling combines central air and a window unit.

Key Highlights

  • Two‑unit duplex on a 0.15‑acre parcel
  • New shingle roof installed in 2025
  • One unit has 3 bedrooms and 2 bathrooms

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Electrical Service Carpet & Flooring Store (Bike/Boat/Book/etc) Store Law Firm Furniture & Home Goods Butcher

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

Location Intelligence

Trade Area within ½ mile

651
Businesses Nearby

Demographics for 46158, IN

23,895
Population
10,051
Households
2.4
Avg Household Size
44
Median Age
23%
College-Educated
91%
High-School Grad
76.7 sq mi
ZIP Area
312
Density / Sq Mi
$79,877
Median Household Income
$46,317
Median Earnings
$1,024
Median Rent
$241,500
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

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 - A 0.15-acre Mooresville property pairs updated interiors with recent roof and plumbing work.
Where is this duplex located?
The property is located at 59-61 E Washington Street Mooresville, IN.
What is the asking price?
The asking price for this property is $249,000.
What are key features of this property?
This property features: Two‑unit duplex on a 0.15‑acre parcel; New shingle roof installed in 2025; One unit has 3 bedrooms and 2 bathrooms
More about this property
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