🏘️ Martinsville Multi-Family Opportunity 📈 – 39 W Chestnut St, Martinsville, IN 46151 For Sale
$139,900
5 beds
2 baths
1890 sqft
Duplex value-add opportunity in the Catherine Dickson area with strong rental upside and nearly 1,900 sq ft of total living space
This multi-family property features a 5-bedroom / 2-bath total layout split across two units:
One side: 2 bed / 1 bath
Other side: 3 bed / 1 bath
Recent duplex sales in the area have ranged from $199K–$262K, supporting strong long-term upside for renovated multi-family properties.
Mechanics:
Roof — 10 years old
Furnaces — 15 years old
A/C Units — 25 years old
Water Heaters — 5 years old
Windows — 5 years old
Crawl space foundation
Attached carport 8,320 sq ft lot Utilities: Duke Electric, Citizens Gas, Martinsville Water/Sewer
With strong rental potential and a duplex setup that supports multiple exit strategies, this property is ideal for investors looking to increase cash flow and force appreciation through renovations
Comps-
Duplex Sales (Last 2 Years)
859/869 E Jackson- Pending $232,000 l 2/1 each side
80/82 Magnolia St – Sold $231,000 | 2/1 each side | Total rent: $2,700
1635 Sunrise St – Sold $262,000 | Total rent: $2,050
Please do not disturb the occupants. Contact us for showing details.All of our properties are sold “AS IS, WHERE IS” and buyer is responsible for their own due diligence before purchase. Our properties sell quickly to our highest and best offer. We require a signed purchase agreement and $5000 non-refundable earnest money upon acceptance to lock up the deal. This house is being offered for all cash. Also, it is our company policy that the buyer pays for all closing costs including title insurance fee, and assumes taxes due in November or May of this year. All information provided has been gathered to the best of our knowledge. However, we make no representations of any kind and buyer is responsible for conducting their own research before submitting an offer. If you are interested in viewing this property, please respond to this email or contact me at 317-653-6245.
Realtors, we love working with you, please add your fee on top of our price.
Mechanics:
Attached carport
8,320 sq ft lot
Utilities: Duke Electric, Citizens Gas, Martinsville Water/Sewer
