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    Martinsville, IN Short Term Rental Properties for Sale

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    Historic Downtown Martinsville Retail/Office Building
    Updated: Jan 29
    Historic Downtown Martinsville Retail/Office Building

    124 East Morgan Street, Martinsville, IN 46151

    $350,000
    5,565 sqft
    Prime downtown location on Courthouse Square.
    Versatile 5565 sq ft building suitable for retail, office, apartments, Airbnb, or studios.
    Large second floor with high ceilings, natural light, and views of the Martinsville Arts Venue.
    New roof installed in 2025.
    Historic building with walk‑in storefront and window display.
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    Historic Martinsville Retail/Office Building
    Updated: Jan 28
    Historic Martinsville Retail/Office Building

    128 E Morgan St, Martinsville, IN 46151

    $350,000
    6,357 sqft
    Prime downtown location on Courthouse Square, near the new Morgan County Courthouse.
    6,357 SF historic building with retail and office space.
    Zoned B‑2 General Commercial, allowing for diverse uses (retail, office, apartments, Airbnb, studios).
    New 2025 roof.
    Second floor with lofty ceilings, natural light, and views overlooking the Martinsville Arts Venue.
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    Historic Retail/Office Building Opportunity
    Historic Retail/Office Building Opportunity

    124 E Morgan St, Martinsville, IN 46151

    $350,000
    5,565 sqft

    Downtown Martinsville retail/office building with potential for diverse uses.

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    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 7 Potential Opportunities for your consideration. Besides 3 Active listings in Martinsville, IN, we suggest exploring several alternatives: 4 properties in Nearby Cities

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Entertainment Restaurant and Mini Golf
    Entertainment Restaurant and Mini Golf

    4747 W State Road 46, Bloomington, IN 47404

    $1,500,000
    2.81 AC lot

    Fully renovated entertainment property with mini golf, bar/restaurant operations, an outdoor live stage, and a short-term rental apartment.

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    Triplex with Lofted Main Unit
    Triplex with Lofted Main Unit

    2455 Shelby Street, Indianapolis, IN 46203

    $375,000
    0.12 AC lot

    Turnkey triplex offering a historic-style main unit plus two upper rentals, with updated systems and separate mini-splits.

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    Rehabbed Duplex with Private Entrances
    Rehabbed Duplex with Private Entrances

    365 E Morris Street, Indianapolis, IN 46225

    $447,500
    0.09 AC lot

    Turnkey duplex with separate up-and-down entrances, multi-split HVAC, and a detached 2-car garage.

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    Home with Separate Upstairs Suite
    Home with Separate Upstairs Suite

    2708 S Rogers Street, Bloomington, IN 47403

    $355,000
    2,600 sqft · 0.21 AC lot

    Four-bedroom home with an upstairs in-law suite featuring a separate entrance, offering flexible owner-occupant or rental use.

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    Martinsville, IN Short Term Rental Properties Market Trends and Statistics

    Explore 3 short term rental properties for sale in Martinsville, IN, showcased through 3 active listings on our real estate platform. These investment opportunities span a total of 17,487 square feet of properties for sale, with an estimated market value of $1,050,000.

    Sale prices for short term rental properties in Martinsville, IN start at $350,000, averaging $350,000, and reaching up to $350,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Short term rental properties 3
    Duplexes 1

    Demographics Overview

    Population 32K
    Population Growth (5Y) +1.7%
    Median Household Income $77,724
    College Educated 26.4%

    High-Yield Neighborhoods for Investment

    Identify Martinsville submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    46151 $350K

    Taxes & Financing

    Tax Rate (average for all types) 1.52%
    Property Tax per SF $25.34 per SF
    Tax Rate vs County Average 0.40 pp above county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Morgan County

    New Delisted

    Total CRE Inventory on Market (SF)

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