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Log Cabin Triplex
For Sale
$399,999

7591-7593 N Old S R 67, Mooresville, IN 46158

Residential Income, Mooresville, IN

Property SizeContact for details
Lot Size1.26 Acres
Days on Market48

Property Features for 7591-7593 N Old S R 67

General Information

Property type Residential Multi Family
Property subtype Triplex
Bedrooms 10
Bathrooms 4
Full bathrooms 4
Rooms Bedroom 5, Bedroom 3, Bedroom 7, Basement, Bedroom 2, Bedroom 6, Bathroom 1, Bathroom 2, Bedroom 9, Bedroom 1, Bathroom 4, Bedroom 8, Bathroom 3, Bedroom 4, Bedroom 10
Exterior features Storage Shed
Basement Unfinished
Subdivision No Subdivision
Lot features Corner Lot, Mature Trees
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 550525100017001008
Lot size 1.26 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description S25 T13 R1e Pt Nw 1.26 A.
Tax Annual Amount 2000
Legal Description S25 T13 R1e Pt Nw 1.26 A.

Utilities

Heating system Electric (Heating)
Cooling system Wall Unit(s), Central Air

Amenities

wrap around porches
private porch area
laundry hookups

Building Details

Year built 1978
Floors in Building 2
Number of units 3
Building materials Log, Log Siding
Roof type Asphalt
Architectural style Other
Additional Structures Storage
Listing Agency: The Modglin Group
Listed By: Danielle Stiles · License #RB18000499
Added: Aug 19 Changed: Sep 29 Last Checked: Oct 5 at 10:06PM
MLS# 22119730

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 1978, this log cabin is arranged as three separate residences across a tri-level layout. The units contain 4, 3, and 3 bedrooms, respectively, and each has a kitchen and laundry hookups. The main-floor residence has two entrances and a private porch; its stairs to the second floor are currently walled off. The upper residences include a second-level unit and a third unit spanning the upper levels, with open-concept living and kitchen space. Units 2 and 3 are leased, while Unit 1 is available for occupancy or rental. The property also includes wraparound porches, a storage shed, and a gravel driveway with parking space described as approximately two vehicles per unit.

The 1.26-acre parcel is on a corner and is surrounded by mature trees. Mooresville is approximately 10 minutes away, Martinsville approximately 13 minutes, and downtown Indianapolis approximately 35 minutes. Heating is electric, and cooling includes wall units and central air.

Key Highlights

  • Three separate residences with 10 bedrooms in total
  • 1.26‑acre corner parcel with mature trees
  • Units 2 and 3 are leased; Unit 1 is unoccupied

Property Analytics

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Current Use

Triplexes

Lease Details

3
Residential units
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

51
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
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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?
Triplex - Three separate residences each have a kitchen and laundry hookups, with two units currently leased.
Where is this triplex located?
The property is located at 7591-7593 N Old S R 67 Mooresville, IN.
What is the asking price?
The asking price for this property is $399,999.
What are key features of this property?
This property features: Three separate residences with 10 bedrooms in total; 1.26‑acre corner parcel with mature trees; Units 2 and 3 are leased; Unit 1 is unoccupied
More about this property
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