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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
  • 502 S Mound St, Muncie, IN 47305
    502 S Mound St, Muncie, IN 47305
    502 S Mound St, Muncie, IN 47305
    /4

    $109,900

    • 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

    $89,900

    • 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
  • 2806 S Walnut St, Muncie, IN 47302
    2806 S Walnut St, Muncie, IN 47302
    2806 S Walnut St, Muncie, IN 47302
    /12

    $63,000

    • 2 Beds
    • 1 Bath
    • 1,490 Sq Ft

    2806 S Walnut St, Muncie, IN 47302

    Excellent investment opportunity! This spacious 2-bedroom, 1-bath home is currently leased through May 2026, offering immediate rental income. Recently updated interior features enhance the comfort and appeal of the property. A great addition to any investment portfolio!

    Rahmed Paige F.C. Tucker Muncie, REALTORS

    2806 S Walnut St, Muncie, IN 47302
  • 621 E Main St, Muncie, IN 47305
    621 E Main St, Muncie, IN 47305
    621 E Main St, Muncie, IN 47305
    /15

    $99,500

    • 6 Beds
    • 6.5 Baths
    • 501 Sq Ft

    621 E Main St, Muncie, IN 47305

    2 SEPARATE INVESTMENT PROPERTIES ON 1 PARCEL. 6 RENTAL UNITS TOTAL. 621 E. MAIN and 111 S VINE. One unit is almost completely renovated with a new bathroom, kitchen and vinyl plank flooring. The remaining 5 units will need finished. Located on a nice corner lot, near downtown Muncie and the Historic District, this property is also zoned commercial and mixed use, so there are lots of

    Joann Davis F.C. Tucker Muncie, REALTORS

    621 E Main St, Muncie, IN 47305
  • 1024 W Powers St, Muncie, IN 47305
    1024 W Powers St, Muncie, IN 47305
    1024 W Powers St, Muncie, IN 47305
    /7

    $69,400

    • 2,292 Sq Ft

    1024 W Powers St, Muncie, IN 47305

    At 1024 W Powers ST, MUNCIE, IN, this duplex presents an exciting opportunity to own a property with a blank slate. Property is down to studs with new wiring ran. New roof and siding 2024. Built in 1890, this two-and-a-half story home rests on a 4826 square feet lot area, providing ample space for comfortable living. This duplex offers a unique opportunity to own a piece of Muncie's history.

    Dawn Cravens The Taflinger Real Estate Group

    1024 W Powers St, Muncie, IN 47305
  • 2225 S Hoyt Ave, Muncie, IN 47302
    2225 S Hoyt Ave, Muncie, IN 47302
    2225 S Hoyt Ave, Muncie, IN 47302
    /9

    $849,900

    • 16 Beds
    • 12 Baths
    • 6,688 Sq Ft

    2225 S Hoyt Ave, Muncie, IN 47302

    12 unit apartment building offering 8 one bedroom apartments all on ground floor and 4 two bedroom apartments upstairs with balcony's. All units are currently rented. Large parking lot behind the building with an additional lot for more parking. Tenants pay utilities.

    Michael Lambert Leading Home Realty

    2225 S Hoyt Ave, Muncie, IN 47302
  • 800 W Lindweth Place, Muncie, IN 47303
    800 W Lindweth Place, Muncie, IN 47303
    800 W Lindweth Place, Muncie, IN 47303
    /3

    $140,000

    • 3 Beds
    • 2 Baths

    800 W Lindweth Place, Muncie, IN 47303

    Cash flowing duplex, Unit 1 is 2 bed 1 bath and unit 2 is 1 bed 1 bath. Update completed in 2022, newer appliances, fresh interior paint. Water Heater less than 3 years old. Unit 1 rent is $800 a month and Unit 2 rent is $675 a month with 20% down return is 9% annualized. $100 rent increase makes that return 14%. Proforma snapshot included in documents. Owner pays w/s/t. Economic growth remains

    Richard Graham JMG Indiana

    800 W Lindweth Place, Muncie, IN 47303
  • 1709 S Elm St, Muncie, IN 47302
    1709 S Elm St, Muncie, IN 47302
    1709 S Elm St, Muncie, IN 47302
    /11

    $155,000

    • 2 Beds
    • 1 Bath

    1709 S Elm St, Muncie, IN 47302

    Turnkey Duplex Investment Opportunity! Attention investors! This fully remodeled duplex offers an excellent opportunity for immediate cash flow. Renovated in early 2024, this property is professionally managed by Morgan Properties and features two updated units with fully split utilities, allowing the burden of those costs to fall directly on to your tenants. GROSS INCOME: $1,649.00/MONTH

    Ryan Boots Boots Realty, LLC

    1709 S Elm St, Muncie, IN 47302
Indiana 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 59 days on the market compared to the national average of 70 days. The median sale price for homes in Muncie, IN over the last 12 months is $309,900, up 24% from the median home sale price over the previous 12 months.

Housing Trends

Median Sale Price
$309,900
Median Single Family Sale Price
$320,000
Median 2 Bedroom Sale Price
$128,000
Average Price Per Sq Ft
$128
Number of Homes for Sale
9
Last 12 months Home Sales
138
Months of Supply
0.80
Median List Price
$284,900
Median Change From 1st List Price
5%
Median Home Sale Price YoY Change
24%
How to Buy a Home How to Finance a Home How to Sell a Home

In Muncie, there are currently 9 multi-family homes for sale, providing an appealing investment opportunity for buyers. With multi-family homes priced between $63,000 to $849,900, there's a range to accomodate every budget. As of July, 2025 the median home price in Muncie is $284,900, while the average sale price is $302,838, offering insights into the local housing market. On average, multi-family homes spend 59 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.

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