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118 N Clay Street, Mooresville, IN 46158

No Subdivision · Morgan County

Key Facts

4Beds
2Baths
1,670Sq Ft
1949Year Built
0.12Lot (acres)

Description

Be a savvy buyer with this DUPLEX! Live in one side and rent the other! It is an excellent opportunity to have immediate income to "help pay the mortgage"! Tenant rights apply to the 118 N Clay side, through 9/15/26! At that point, you could enter into a new lease to continue generating income from the long-term tenant. Or... bring in your own tenant. Or... put whomever you want in one side while you live in the other! This property truly offers multiple options for the new owner! It is an excellent investment from the solid lime stone exterior to the crisp and clean interior, this is an absolute winner! Spanning a total of 1,670 square feet, both sides offer 2 bedrooms and 1 bathroom, making it highly marketable. The property underwent a total remodel in 2019, including both kitchens and baths and updating the floor plans, smart & efficiently making the most of the 835 sq ft per unit. It has maintained a strong occupancy since it was purchased. The long-term tenant proves the quality of the home and desirability of the location. The other side has never gone more than 7 days vacant! This reflects the highly competitive rental market in Mooresville. The duplex sits on a quiet corner lot and offers plenty of off-street parking for one unit and a private driveway for the other unit. Become a smart investmentor, come see it today!

Property Information

Property Type

Residential

Sub-Type

Single Family Residence

Style

Ranch

Year Built

1949

Living Area

1,670 sq ft

Lot Size

0.12 acres

Days on Market

1

MLS® Listing#

22113581

Property Features

Appliances

Electric Water HeaterElectric OvenRefrigerator

Cooling

Window Unit(s)

Heating

Other

Construction

Stone

Foundation

Slab

Water Source

Public

Schools

Middle:
Paul Hadley Middle School
High:
Mooresville High School

Financial Details

Parcel Number

550136130045000005

Directions

GPS Friendly

Affordability Calculator

$53,000

Estimated monthly payment

$1,410/mo

Principal $212,000 · Est. interest $295,759 over 30 yrs

Neighborhood Market Statistics

How this home compares to active listings in Mooresville, IN

$366,667
Median Listing Price
37
Median Days on Market
1,799
Median Sq Ft
$188
Median Price / Sq Ft
61
Active Listings
  • This home’s price is 28% below the area median.
  • Its price per sq ft is 16% below the area median.

Market statistics compiled from active EXIT Realty® and MLS listings in Mooresville, IN.

Location

Map showing the location of 118 N Clay Street, Mooresville, IN 46158

Points of Interest in Mooresville, IN

Showing the Mooresville area map.

Nearby Schools

  • Mooresville High School

    Secondary · 0.4 mi away

  • Paul Hadley Middle School

    Secondary · 0.5 mi away

  • Newby Memorial Elementary School

    Elementary · 0.5 mi away

  • Child Adult Resource Services

    School · 0.6 mi away

  • Neil Armstrong Elementary School

    Elementary · 1.0 mi away

  • North Madison Elementary

    Elementary · 4.4 mi away

  • Guilford Elementary School

    Elementary · 4.5 mi away

  • Plainfield High School

    Secondary · 4.7 mi away

  • Csia Technology Center

    School · 4.8 mi away

  • Legends Cheer Academy II

    School · 4.8 mi away

  • Brooklyn Elementary School

    Elementary · 5.0 mi away

  • Islamic School of Plainfield

    School · 5.2 mi away

  • West Newton Elementary School

    Elementary · 5.7 mi away

  • Plainfield Community Middle School

    Secondary · 5.7 mi away

  • Brentwood Elementary School

    Elementary · 6.1 mi away

  • Clarks Creek Elementary School

    Elementary · 6.2 mi away

  • The Imagination Lab

    School · 6.2 mi away

  • ABC Child Care & Preschool

    School · 6.2 mi away

  • Monrovia High School

    Secondary · 6.2 mi away

  • Monrovia Middle School

    Secondary · 6.2 mi away

Commute Calculator

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Moving Cost Estimate

EXIT Agents in Mooresville

Listing Courtesy: Traditions Realty, LLC - mitzibockelman16@gmail.com

Listings courtesy of MIBOR as distributed by MLS GRID. IDX information is provided exclusively for consumers’ personal non-commercial use. This data may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This data is deemed reliable but is not guaranteed by MLS GRID, use of the MLS GRID Data may be subject to an end user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time. MLS GRID may, at its discretion, require use of other disclaimers as necessary to protect Member Participant, and/or their MLS from liability. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Last Updated: 2026-07-12

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Data provided by MIBOR. MLS® Listing#22113581. © 2026EXIT Realty®. All rights reserved.