Martinsville Homes under $200,000

Martinsville Homes under $200,000

Welcome to Martinsville, Indiana – a charming city nestled in the heart of Morgan County, where small-town charm meets modern convenience. With its rich history, friendly community, and beautiful landscapes, Martinsville is an ideal place for those seeking a peaceful lifestyle while still being close to urban amenities. Located just a short drive from Indianapolis, residents enjoy the perfect balance of tranquility and access to the vibrant city life.

Martinsville boasts a variety of recreational opportunities, including beautiful parks, scenic walking trails, and the picturesque Lake Hart, perfect for fishing and boating. The city is also home to a thriving arts scene, with local galleries and events that showcase the creativity and spirit of its residents.

For homebuyers seeking affordability without sacrificing quality, Martinsville offers an impressive selection of homes priced under $200,000. This makes it an attractive option for first-time buyers, families, and retirees alike. From cozy single-family homes to charming bungalows, there’s something for everyone in this welcoming community. Many of these homes feature updated interiors, spacious yards, and convenient access to local amenities, ensuring that you’ll feel right at home.

Whether you’re looking to settle down or invest in a property, Martinsville’s real estate market is brimming with potential. Experience the warmth of a close-knit community and the charm of small-town living in Martinsville, Indiana. Your dream home awaits!

Newest Martinsville Homes under $200,000

384 W Harrison Street, Martinsville
$199,900
3 Beds ⋅ 1 Baths
OPEN HOUSE TUESDAY, OCT 6TH 5-7PM - Searching for an updated 3 bedroom home in Martinsville near downtown? This charming 1911 home was extensively remodeled in 2020, blending the character buyers love with major updates including electrical, plumbing, windows, roof, water heater, kitchen countertops, fresh paint, and more. Inside, 9-foot ceilings and abundant windows create a bright, open feel while crown molding, tray ceilings, and thoughtful details preserve the personality that makes an older home special. The large eat-in kitchen is made for gathering, featuring updated cabinetry and countertops, an apron-front sink, included appliances, and double doors opening directly to the back deck for grilling, dining, and relaxing outside. A full bathroom and laundry room are conveniently located on the main level, while all three bedrooms are tucked upstairs. Multiple outdoor living spaces give you even more room to enjoy home, including the cozy covered front porch with a classic porch swing and the spacious back deck. Best of all, the low-maintenance corner lot means less time spent on yardwork while keeping you close to downtown Martinsville, shopping, dining, parks, schools, and everyday conveniences. Whether you're a first-time homebuyer, ready to stop renting, or simply searching for a move-in-ready 3 bedroom home in Martinsville with historic character and modern updates, 384 W Harrison Street offers an exciting combination of affordability, location, charm, and manageable upkeep that's hard to find.

384 W Harrison Street, Martinsville

Listing courtesy of The Modglin Group.

500 W Pike Street, Martinsville
$179,900
3 Beds ⋅ 1 Baths
Updated home with new interior and exterior paint, all new interior flooring, new air conditioning, and new kitchen appliances make this home move in ready. Step inside this three-bedroom home equipped with a large front porch and a utility building out back. Home meets all loan criteria. Home also qualifies for zero money down options.

500 W Pike Street, Martinsville

Listing courtesy of New Start Home Realty, LLC.

955 Plaza Drive, Martinsville
$199,900
2 Beds ⋅ 1 Baths
Enjoy maintenance free living! This 55+ condominium community offers privacy, independence and convenience as you enjoy the luxury of ample living space, lots of storage and a compact design where you can relax, entertain or pursue your hobbies. This home features an open floor plan where living, dining and kitchen flow seamlessly and the bedrooms and sunroom give you plenty of privacy. A convenient bath with walk in shower and laundry/mechanical room round out this conveniently located condominium. Your attached 1-C garage shelters you from the weather as you come and go. Exterior maintenance and lawncare are covered by the monthly HOA dues so you can enjoy a nicely landscaped and spacious yard with no worries.

955 Plaza Drive, Martinsville

Listing courtesy of Jennings Real Estate, LLC.

60 W Poston Road, Martinsville
$185,000
3 Beds ⋅ 1 Baths
Come see this charming, updated 3-bedroom, 1-bath home! Featuring a newer roof, new siding, fresh flooring and paint, plus an updated kitchen and bath. All vinyl windows add to the home's appeal, while the newly graveled parking area and backyard storage shed provide convenient outdoor space. Move-in ready and full of fresh updates-this one is ready to welcome you home!

60 W Poston Road, Martinsville

Listing courtesy of New Start Home Realty, LLC.

8740 Huggin Hollow Road, Martinsville
$200,000
3 Beds ⋅ 2 Baths
Opportunity is Knocking! Situated on approximately 0.88 acres, this property offers a one-level home with approximately 1,300 sq. ft. and an impressive 2,700 sq. ft. barn (73' x 37') with an aluminum roof. The barn is truly a standout, offering exceptional space for storage, a workshop, hobbies, RVs, equipment, and more, plus two separate storage rooms. The home features two bedrooms plus an additional flexible room currently used as a third bedroom, a spacious 28' x 21' living room and an adjoining breakfast area. Outside, enjoy mature trees, open space, and a peaceful creek running behind the property. With nearly an acre, a highly functional oversized barn, NO HOA, and plenty of possibilities, this property is a unique opportunity for someone looking for space and potential. Schedule your showing and imagine what you can make of it!

8740 Huggin Hollow Road, Martinsville

Listing courtesy of Berkshire Hathaway Home.

1475 Raymond Road, Martinsville
$149,900
3 Beds ⋅ 2 Baths
OPPORTUNITY IS KNOCKING! Discover the charm, space and potential of this three-bedroom, two-full-bath stone ranch tucked along a quiet country setting in Morgan County, just minutes from State Road 67. Offering more than 1,500 square feet, this home features a light-filled interior, a cozy fireplace in the great room and a comfortable layout ready for your personal touch. Outside, the fenced backyard provides plenty of room for pets, play, gardening or outdoor entertaining, while the detached two-car garage offers valuable parking, storage or workshop space. With solid stone construction, a peaceful setting and convenient access to nearby amenities and commuter routes, this property is packed with possibilities. Bring your vision and make it your own! Whether you are searching for a place to personalize, an opportunity to build sweat equity or a promising addition to your investment portfolio, this Morgan County ranch is ready for its next chapter.

1475 Raymond Road, Martinsville

Listing courtesy of Keller Williams Indy Metro Partners.

959 S Lincoln Street, Martinsville
$150,000
3 Beds ⋅ 2 Baths
Welcome to this inviting home offering a great opportunity for its next owner. This property is being sold AS-IS and features several important updates already completed, including an updated HVAC system, windows, roof, electrical work, and additional improvements throughout the home within the last 5 years. Newer appliances, all replaced within the past 3 years, add additional convenience. The covered front porch provides a welcoming entry and a comfortable space to relax. Inside, the home offers a practical layout with plenty of potential to make it your own. With many of the major components already updated, this property offers a solid starting point for a buyer looking to add their personal touches.

959 S Lincoln Street, Martinsville

Listing courtesy of BluPrint Real Estate Group.

371 W Douglas Street, Martinsville
$85,000
2 Beds ⋅ 1 Baths
Investor dream! Don't miss this opportunity to complete a renovation that's already well underway. All supplies remain, cutting costs of finishing this renovation. This 2-bedroom, 1-bath home offers approximately 1,200 square feet and is an excellent opportunity for investors, rehabbers, or buyers looking to build instant equity. The property was gutted, new drywall and ceiling in place. Just ready for the finishing phase. Major improvements have already been completed, including new windows, new walls, and new ceilings. Brand-new kitchen cabinets are included and ready for installation, and insulation is already on-site. All appliances stay. Tile for backsplash and slate tile for bathroom are at the home. All building materials will remain for the next buyers use. Electrical upgrade is 90% finished. Plumbing in bathroom is started. Tile in shower has been started. Bring your design ideas and complete the project to suit your vision. The home does not currently have an HVAC system and will need to be connected to city sewage system. Once finished, it offers excellent potential as a resale, long-term rental, or affordable owner-occupied home. Being sold AS IS. A great opportunity to add value and maximize your investment.

371 W Douglas Street, Martinsville

Listing courtesy of Epique Inc.

1490 Raymond Road, Martinsville
$142,500
3 Beds ⋅ 2 Baths
Nice Starter Home or Investment Property. 3 Bedroom, 1.5 Bath Home with a 1 car Garage.

1490 Raymond Road, Martinsville

Listing courtesy of List With Ben, LLC.

539 W Pike Street, Martinsville
$159,900
2 Beds ⋅ 1 Baths
Welcome to this newly remodeled 2 bedroom 1 bath home in town. An eat-in kitchen along with additional eating space right off the kitchen. This home has a large backyard that is perfect for entertaining. Shed out back for extra storage. Add some gravel and you have a perfect spot for additional parking spots at the rear of the home. Schedule your showing today.

539 W Pike Street, Martinsville

Listing courtesy of Central Indiana Town & Country.

260 Duo Drive, Martinsville
$188,900
3 Beds ⋅ 1 Baths
Welcome to 260 Duo DR, MARTINSVILLE, IN, where a charming single-family residence, originally built in 1972, is ready to begin a new story. Updates in recent years include new electrical panel, newer water heater, Furnace/AC, vinyl windows, and more. This sweet ranch-style home is just begging for its next adventure, ready to be filled with laughter and memories. Simplifying your lifestyle or beginning a new chapter, this home offers a beautiful backyard big enough for expanding the home. Step inside and discover an open LR/KT/Dining area and three cozy bedrooms, perfect for slumber parties, quiet retreats, or even a dedicated hobby haven. The full bathroom is ready to help you greet the day ahead! A convenient LU/Mechanical room, with a new electrical panel, is located close to the bedrooms and KT area allowing you to multi-task your chores. Outside, a fully fenced yard awaits your green thumb or your picnic blanket, offering plenty of space for outdoor fun and relaxation. The attached garage provides convenient shelter for your car and for you! Located near the heart of Martinsville you can access I-69 or SR 67 for a quick trip to Bloomington or Indy. This home offers a perfect place to write a new chapter or to downsize and enjoy retirement...or life in between!

260 Duo Drive, Martinsville

Listing courtesy of Jennings Real Estate, LLC.

326 W Morgan Street, Martinsville
$184,900
4 Beds ⋅ 3 Baths
Bring your vision to this spacious 4-bedroom, 3-bath home located near downtown Martinsville. This property offers a great opportunity for investors, renovators, or buyers looking to build equity through improvements. The home features a heated and cooled 2-car garage with an epoxy floor and half bath, a partial basement, nearly full crawlspace, fenced backyard, and covered front and back porches. The home is being sold as-is, and the list price reflects the updates and improvements needed. A major improvement has already been completed with new sewer lines installed in 2025. An HSA Home Warranty will be provided to the buyer for added peace of mind. With its generous layout, desirable features, and convenient location, this home is ready for someone to restore its full potential.

326 W Morgan Street, Martinsville

Listing courtesy of Carpenter, REALTORS®.

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