
Land with Home for Sale in Morgantown, Indiana
7351 Homestead Rd, Morgantown, IN 46160
Nestled at the end of a quiet road, this private and truly unique property offers exceptional versatility and income potential. The 5.65 acre setting features two homes with recent updates, creating an ideal opportunity for a family compound, multi-generational living, or built in rental income. Each home enjoys its own sense of privacy, each with its own detached barn/outbuilding offering ample workspace and parking. The main residence includes four bedrooms, two en suites, and bathrooms with updates. The rental home was remodeled down to the studs in 2023 and features all new systems and finishes. With serene pond views and abundant space, this one-of-a-kind property is a must-see investment and lifestyle opportunity.
Location
- Street address
- 7351 Homestead Rd
- County
- Morgan County
- Zip code
- 46160
- School district
- Brown County School Corporation
- Elevation
- 795 feet
Property details
- Acreage
- 5.65 acres
- MLS #
- MIBOR 22094234
- Posted
Parcels
- 070218400133000002
Legal description
N 1/2 Nw Ne Se 18-10-03 5.65 Ac2/10/2020 Easement From 005-18090-00
Details and features
Listing
- Type
- Residential
- Subtype
- Single Family Residence
- Franchise
- Century 21 Real Estate
Lot
- Features
- Suburb
Structure
- Style
- Ranch
- Stories
- 1
- Water
- Public
- Heating
- Forced Air, Propane
- Cooling
- Central Air
- Materials
- Vinyl Siding
Interior
- Room Count
- 7
- Rooms
- Bathroom x 3, Bedroom x 4
- Appliances
- Dishwasher, Disposal, Dryer, Electric Cooktop, Electric Oven, Electric Water Heater, Microwave, Refrigerator
- Features
- Attic Access
Property utilities
| Category | Type | Status |
|---|---|---|
| Gas | Propane | Connected |
Nearby schools
| Name | Type | District |
|---|---|---|
| Brown County Junior High | Middle | Brown County School Corporation |
| Brown County High School | High | Brown County School Corporation |
Listing history
| Date | Event | Price | Change | Source |
|---|---|---|---|---|
| June 25, 2026 | Price drop | $555,000 | $42,900 -7.2% | MIBOR |
| May 27, 2026 | Price drop | $597,900 | $51,100 -7.9% | MIBOR |
| Apr 24, 2026 | New listing | $649,000 | — | MIBOR |


















































