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Muncie, IN Multifamily Homes & Duplexes for Sale

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  • 520 N Alameda Dr, Muncie, IN 47303
    520 N Alameda Dr, Muncie, IN 47303
    520 N Alameda Dr, Muncie, IN 47303
    /19

    $139,900

    • 4 Beds
    • 2 Baths
    • 1,853 Sq Ft

    520 N Alameda Dr, Muncie, IN 47303

    Don't miss this opportunity to add to your investment portfolio!! Check out this affordable duplex near BSU campus. If you've been looking for another rental, don't pass this one up! Brand-new HVAC system installed August 2024!

    Agent Photo

    Lisa Buckner

    RE/MAX Real Estate Groups

    (765) 723-6881

    520 N Alameda Dr, Muncie, IN 47303
  • 800-802 W North St, Muncie, IN 47303
    800-802 W North St, Muncie, IN 47303
    800-802 W North St, Muncie, IN 47303
    /33

    $199,900

    • 6 Beds
    • 4 Baths
    • 3,143 Sq Ft

    800-802 W North St, Muncie, IN 47303

    800-802 W North Street in Muncie is a prime investment opportunity that generates an impressive total monthly rent of $2,325.00 and just steps from Ball State University. This spacious duplex features two separate 3-bedroom, 2-bath units, each with private entrances, full kitchens with appliances, updated baths, and bright living spaces with original wood trim and large windows. The property has

    James Meredith NextHome Elite Real Estate

    800-802 W North St, Muncie, IN 47303
  • 300 E Charter Dr, Muncie, IN 47303
    300 E Charter Dr, Muncie, IN 47303
    300 E Charter Dr, Muncie, IN 47303
    /25

    $269,900

    • 3 Beds
    • 2 Baths
    • 2,025 Sq Ft

    300 E Charter Dr, Muncie, IN 47303

    Welcome to 5K Estates — one of Muncie’s most desirable low-maintenance communities! Modern construction paired with pride of ownership makes this home shine. Offering 3 bedrooms and 2 full baths, this home features an inviting open-concept layout with a spacious living and dining area, a light-filled den that opens to the private patio, and a well-appointed kitchen with breakfast bar seating. The

    Brad Taflinger The Taflinger Real Estate Group

    300 E Charter Dr, Muncie, IN 47303
  • 1119 W Bethel Ave, Muncie, IN 47303
    1119 W Bethel Ave, Muncie, IN 47303
    1119 W Bethel Ave, Muncie, IN 47303
    /36

    $159,000

    • 4 Beds
    • 2 Baths
    • 1,434 Sq Ft

    1119 W Bethel Ave, Muncie, IN 47303

    Come and admire this corner lot bungalow style home. This home has been thoughtfully updated while preserving the character of this 1940 home. Inside you will find a nice sized kitchen, large living room with a gas fireplace (never used by these owners), 4 bedrooms, 2 full bathrooms, a laundry room and storage closet. This is the ideal home for a family or for a student rental. Refinished

    Melanie White Berkshire Hathaway Indiana Realty

    1119 W Bethel Ave, Muncie, IN 47303
  • 108 N Claypool Rd, Muncie, IN 47303
    108 N Claypool Rd, Muncie, IN 47303
    108 N Claypool Rd, Muncie, IN 47303
    /21

    $149,900

    • 4 Beds
    • 3 Baths
    • 1,786 Sq Ft

    108 N Claypool Rd, Muncie, IN 47303

    Great investment opportunity in Muncie, IN! Fully occupied 3 unit property offering two, 1 bedroom units and one, 2 bedroom unit. Gross monthly rents are $2125

    Ryan Kramer RE/MAX Real Estate Groups

    108 N Claypool Rd, Muncie, IN 47303
  • 1602 W Adams St, Muncie, IN 47303
    1602 W Adams St, Muncie, IN 47303
    1602 W Adams St, Muncie, IN 47303
    /11

    $104,900

    • 3 Beds
    • 1 Bath
    • 1,030 Sq Ft

    1602 W Adams St, Muncie, IN 47303

    3 bedroom investment property located near BSU. Currently rented at $795 month with a long term tenant but this is below market rate. Leased until 6/2026. Instant cash flow! This property is part of a potential 5 property package with 1600 W Adams St., 216 S Dill St., 1623 N Janney Ave., 512 S Talley Ave.

    Brad Bowman Home 2 Home Realty Group

    1602 W Adams St, Muncie, IN 47303
  • 2112 W Main St, Muncie, IN 47303
    2112 W Main St, Muncie, IN 47303
    2112 W Main St, Muncie, IN 47303
    /8

    $219,900

    • 7 Beds
    • 2 Baths
    • 2,876 Sq Ft

    2112 W Main St, Muncie, IN 47303

    Close to BSU! This duplex could be easily rented to students one day. Currently both units are occupied. Upstairs is a 4 bedroom unit rented for $1,085. Downstairs is a 3 bedroom rented for $875. Both long term tenants. Seller is a licensed agent.

    Michael Burke Burke Realty

    2112 W Main St, Muncie, IN 47303
  • 1600 W Adams St, Muncie, IN 47303
    1600 W Adams St, Muncie, IN 47303
    1600 W Adams St, Muncie, IN 47303
    /14

    $114,900

    • 2 Beds
    • 1 Bath
    • 936 Sq Ft

    1600 W Adams St, Muncie, IN 47303

    Close to BSU and IU. Fully updated with tenant secured through July 2026 at $1,100/month. It offers investors a turnkey, maintenance opportunity with immediate returns and long-term growth potential. Property highlights: new flooring, new light fixtures, fresh paint, new fascia, gutters on west side, new kitchen cabinets, updated electrical, new appliances, and updated bathroom. This property is

    Brad Bowman Home 2 Home Realty Group

    1600 W Adams St, Muncie, IN 47303
  • 512 S Talley Ave, Muncie, IN 47303
    512 S Talley Ave, Muncie, IN 47303
    512 S Talley Ave, Muncie, IN 47303
    /13

    $114,900

    • 3 Beds
    • 1 Bath
    • 1,191 Sq Ft

    512 S Talley Ave, Muncie, IN 47303

    Long term tenant in this investment property. Currently leased for $925 a month on a month to month basis. Property is close to BSU and IU Health. Current rent is below market rate. This property can generate instant cash flow. This property is part of a potential 5 property package with 1600 W Adams St., 216 S Dill St., 1623 N Janney Ave., 512 S Talley Ave., 1602 W Adams St.

    Brad Bowman Home 2 Home Realty Group

    512 S Talley Ave, Muncie, IN 47303
  • 216 S Dill St, Muncie, IN 47303
    216 S Dill St, Muncie, IN 47303
    216 S Dill St, Muncie, IN 47303
    /14

    $164,900

    • 4 Beds
    • 1.5 Baths
    • 1,440 Sq Ft

    216 S Dill St, Muncie, IN 47303

    This duplex is being offered for $169,900 and already generates **$1,500 per month in rental income with both units leased through **June 2026** and **July 2026**. This turnkey investment offers strong cash flow and long-term security. Recent renovations (within 6 months): -new appliances -updated flooring and carpet -fresh paint and updated bathrooms. This property is part of a potential 5

    Brad Bowman Home 2 Home Realty Group

    216 S Dill St, Muncie, IN 47303
  • 1623 N Janney Ave, Muncie, IN 47304
    1623 N Janney Ave, Muncie, IN 47304
    1623 N Janney Ave, Muncie, IN 47304
    /5

    $114,900

    • 4 Beds
    • 1 Bath
    • 1,193 Sq Ft

    1623 N Janney Ave, Muncie, IN 47304

    Long term tenant in this investment property. Current lease through January 2026. Great location near BSU and IU Health. Instant income with monthly rent of $927 a month. This property is part of a potential 5 property package with 1600 W Adams St., 216 S Dill St., 1623 N Janney Ave., 512 S Talley Ave., 1602 W Adams St.

    Brad Bowman Home 2 Home Realty Group

    1623 N Janney Ave, Muncie, IN 47304
  • 802 1/2 N Mulberry St, Muncie, IN 47305
    802 1/2 N Mulberry St, Muncie, IN 47305
    802 1/2 N Mulberry St, Muncie, IN 47305
    /18

    $69,000

    • 3 Beds
    • 4 Baths
    • 2,468 Sq Ft

    802 1/2 N Mulberry St, Muncie, IN 47305

    GREAT INVESTMENT OPPORTUNITY! This triplex is located in a convenient location, close to the new YMCA, Central High School, Downtown Muncie and the Farmers Market. There are 3-one bedroom units. One unit has been updated and the other 2 need some work.New vinyl siding has been started outside, but needs finished. Corner Lot. This is a great price for 3 units in a neighborhood that has lots of

    Joann Davis F.C. Tucker Muncie, REALTORS

    802 1/2 N Mulberry St, Muncie, IN 47305
  • 502 S Mound St, Muncie, IN 47305
    502 S Mound St, Muncie, IN 47305
    502 S Mound St, Muncie, IN 47305
    /4

    $108,900

    • 5 Beds
    • 2 Baths
    • 2,212 Sq Ft

    502 S Mound St, Muncie, IN 47305

    *This property is part of a potential 22 property package. Please see the attached document for details.* Duplex. Unit 502 is a section 8 lease. Monthly rent is $700. Unit 502 1/2 monthly rent is $905, $500 deposit. Lease ends 8-30-25. Tenants pay electric. Owner pays WTS.

    Heather Clemmons Starr Real Estate LLC

    502 S Mound St, Muncie, IN 47305
  • 202 E Maple St, Muncie, IN 47305
    202 E Maple St, Muncie, IN 47305
    202 E Maple St, Muncie, IN 47305
    /24

    $88,900

    • 2 Beds
    • 2 Baths
    • 1,078 Sq Ft

    202 E Maple St, Muncie, IN 47305

    *This property is part of a potential 22 property package. Please see the attached document for details.* Duplex. Two 1 bedroom units. Side by side. Shared entrance space. Potential for 2 more 1 bedroom units in the full basement. Currently vacant. Needs TLC.

    Heather Clemmons Starr Real Estate LLC

    202 E Maple St, Muncie, IN 47305
Indiana Delaware County Muncie

Multi-Family Homes & Duplexes for Sale in Muncie, IN

Why Live in Muncie

Ball State University shapes the cultural landscape of Muncie, with its iconic Shafer Tower and Beneficence statue drawing visitors to campus. The David Owsley Museum of Art houses over 11,000 works, while the Charles W. Brown Planetarium and Rinard Orchid Greenhouse add to the university's educational attractions. The Cardinal Greenway, Indiana's longest rail trail, connects residents to outdoor recreation through walking, running, and biking paths. Cultural destinations include Minnetrista's gardens and historical Ball family homes, the interactive Muncie Children's Museum, and the National Model Aviation Museum.

Single family homes in Muncie have a median price of $149,900. The Halteman neighborhood commands the highest median single family home prices at $206,000, followed by the Westwood Historic District at $197,500. University Heights Muncie single family homes have a median price of $147,400, while Downtown Muncie sees higher-end properties with a median of $599,900. One bedroom condos start at a median price of $108,900, while two bedroom condos have a median price of $150,000.

The cost of living in Muncie sits 2.6% above the national average. Property taxes remain competitive at 0.78%, lower than nearby Anderson at 0.76% and Marion at 0.68%. A family with school-age children needs approximately $114,000 annually to live comfortably, while renters should aim for $60,000. Groceries cost 2.4% below the national average for families and 2.2% below for renters. The public education system includes highly rated Burris Laboratory School, serving multiple neighborhoods with an A minus rating from Niche. Major employers include Ball State University, IU Health Ball Memorial Hospital, and the Walmart Distribution Center. The MITS public bus system provides transportation throughout the city, with Indianapolis just an hour away via I 69.

Learn more about living in Muncie

Home Trends in Muncie, IN

On average, homes in Muncie, IN sell after 39 days on the market compared to the national average of 52 days. The median sale price for homes in Muncie, IN over the last 12 months is $119,500, up 3% from the median home sale price over the previous 12 months.

Housing Trends

Median Sale Price
$119,500
Median Single Family Sale Price
$117,010
Median Townhouse Sale Price
$135,000
Median 2 Bedroom Sale Price
$162,500
Median 1 Bedroom Sale Price
$96,700
Average Price Per Sq Ft
$88
Number of Homes for Sale
122
Last 12 months Home Sales
697
Months of Supply
2.10
Median List Price
$125,000
Median Change From 1st List Price
5%
Median Home Sale Price YoY Change
3%

Popular Home Searches in Muncie, IN

In Muncie, buyers often look for affordability, extra space, and convenient access to Ball State University and local parks.

How to Buy a Home How to Finance a Home How to Sell a Home

In Muncie, there are currently 14 multi-family homes for sale, providing an appealing investment opportunity for buyers. With multi-family homes priced between $69,000 to $269,900, there's a range to accomodate every budget. As of September, 2025 the median home price in Muncie is $125,000, while the average sale price is $128,915, offering insights into the local housing market. On average, multi-family homes spend 39 days listed before being sold. Multi-family homes include a variety of property types, from duplexes, triplexes, and fourplexes, to apartment complexes, all within a single building divided to accommodate multiple families living separately. These multi-family properties for sale offer investors the chance to generate rental income. Whether you're considering a duplex for a beginner investment or an apartment complex for a more substantial venture, there are investment properties available to meet your requirements. Explore the range of multi-family homes for sale in Muncie, IN.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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