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Muncie, IN Multifamily Homes & Duplexes for Sale

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  • /22

    $159,000

    • 3 Beds
    • 1 Bath
    • 1,242 Sq Ft

    921 W Carson St, Muncie, IN 47303

    NOTE: A NEW ROOF IS NOW INSTALLED! Excellent home or investment property near the Ball State Campus! This is 1,242 SF of living space, 3 bedrooms (one on the main floor), 1 bath, with ample surface parking in the rear. This is currently leased for $900/mo to July 21, 2025. The tenant pays all utilities. Washer/Dryer is in the basement. Hot water heater is only 1 year old. The furance/AC

    Agent Photo

    Steve Slavin

    Coldwell Banker Real Estate Group

    (765) 523-8378

    921 W Carson St, 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
  • /12

    $69,900

    • 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
  • /17

    $249,900

    • 4 Beds
    • 4 Baths
    • 2,928 Sq Ft

    211 S Liberty St, Muncie, IN 47305

    Renovated 4-unit apartment building features all 1 bed, 1 bath units and is ideally located just blocks from downtown. Major updates include a brand new HVAC system installed in 2024 and a new roof completed in Fall 2023. The property is fully rented, generating $2,700/month in gross rental income. Tenants enjoy off-street parking with a paved lot in the rear.

    James Meredith NextHome Elite Real Estate

    211 S Liberty St, Muncie, IN 47305
  • /15

    $110,000

    • 2 Beds
    • 2 Baths

    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
  • /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
  • /13

    $180,000

    • 4 Beds
    • 4 Baths
    • 2,050 Sq Ft

    2209 E 9th St, Muncie, IN 47302

    Multi-unit investment opportunity featuring a duplex and two single-family homes on one parcel. All four 1 bed, 1 bath units have been updated in the last couple of years. Two units are currently rented, offering immediate income potential. Each unit has a private entrance, off-street parking, and low-maintenance exterior. Great addition to any rental portfolio.

    Katie Franklin CRM Properties, Inc

    2209 E 9th St, 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
  • /3

    $325,000

    • 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
  • /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
  • /36

    $257,500

    • 6 Beds
    • 3.5 Baths
    • 2,744 Sq Ft

    107 S Dicks St, Muncie, IN 47303

    Rare investment!!  BSU RENTAL!  Prime location! Current owners completely remodeled and stripped down to studs in 2008 +/-. Complete wiring plumbing heating siding windows etc.  South unit is 5 bedroom and 2.5 bath And north unit is complete separate apartment. Tenants pay all utilities except water and sewage. 5 bedroom is a two story. Spacious rooms and great floor plan. Gas log fireplace.

    Aaron Orr RE/MAX Real Estate Groups

    107 S Dicks St, Muncie, IN 47303

Why Live in Muncie

Muncie was first settled in the 1790s as an agricultural trading post for its surrounding farming communities. Later, the Indiana gas boom of the 1880s ushered in an era of rapid economic development, with major employers like the Ball Corporation moving to Muncie to build glass factories, iron and steel mills and auto manufacturing facilities. In 1918, Ball State University, or BSU, was established and today it’s the city’s largest employer as well as the area's center for arts and culture. IU Health Ball Memorial Hospital is Muncie's other ma ...

Home Trends in Muncie, IN

Housing Trends

Median Sale Price
$148,000
Median Single Family Sale Price
$145,400
Median Townhouse Sale Price
$135,000
Median 2 Bedroom Sale Price
$149,988
Median 1 Bedroom Sale Price
$108,900
Average Price Per Sq Ft
$98
Number of Homes for Sale
151
Last 12 months Home Sales
1,277
Months of Supply
1.40
Median List Price
$155,000
Median Change From 1st List Price
3%
Median Home Sale Price YoY Change
6%
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