6

Riverside-Normal City Multifamily Homes & Duplexes for Sale

Section Image Section Image
  • 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 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 a strong rental history with leases in place for the 2025–2026

    James Meredith NextHome Elite Real Estate

    800-802 W North St, 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

    $109,900

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

    $119,900

    • 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
  • 216 S Dill St, Muncie, IN 47303
    216 S Dill St, Muncie, IN 47303
    216 S Dill St, Muncie, IN 47303
    /14

    $169,900

    • 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
  • 100 N Calvert St, Muncie, IN 47303
    100 N Calvert St, Muncie, IN 47303
    100 N Calvert St, Muncie, IN 47303
    /35

    $270,000

    • 7 Beds
    • 5 Baths

    100 N Calvert St, Muncie, IN 47303

    Ball State investment opportunity, Tri-plex, all units Leased until July 2026. Main house is a 4 bedroom, 3 bath, w/ full kitchen, and secondary kitchenette. The 2nd structure (1708 W Main, Unit A & B) offer 1 bedroom, 1 bath units, and Unit A (lower level) could be utilized as a 2 bedroom if deemed fit. All units are leased through the 2025-2026 academic year. The units generate $3,040 per

    Beau Gibson F.C. Tucker Company

    100 N Calvert St, Muncie, IN 47303
Indiana Delaware County Muncie Riverside-Normal City

Multi-Family Homes & Duplexes for Sale in Riverside-Normal City, Muncie

Why Live in Riverside-Normal City
Riverside-Normal City in Muncie features a diverse array of homes from the late 19th and early 20th centuries, including Tudors, Craftsman homes, farmhouses, American Foursquares, Cape Cods, and bungalows. The neighborhood has a high rental population, with about 80% of residents renting and 20% owning homes. Properties typically have small yards and average around 1,600 square feet. The neighborhood association actively maintains green spaces, planting new trees annually. Riverside-Normal City is home to Tuhey Park, which includes Muncie’s largest public pool, and the White River Greenway, a nearly 6-mile trail that connects to the Minnetrista Museum & Gardens. The Emerson Dog Park is another local attraction, hosting the annual ice cream social. The Village, a commercial district less than a mile away, features popular spots like Brothers Bar and Grill, Roots, and Greek’s Pizzeria. The area is undergoing revitalization to include a new theater, a Hilton hotel, and potentially a community co-op grocery store. Residents can walk to Ball State University in 15 to 20 minutes and downtown Muncie in 10 minutes. The neighborhood is served by a MITS bus stop, and future plans include adding bike lanes. For healthcare, IU Health Ball Memorial Hospital is nearby. The neighborhood is safer than the national average, providing a relatively low crime risk.
Learn more about living in Riverside-Normal City

Home Trends in Riverside-Normal City, IN

On average, homes in Riverside-Normal City, Muncie sell after 31 days on the market compared to the national average of 52 days. The median sale price for homes in Riverside-Normal City, Muncie over the last 12 months is $143,500, up 3% from the median home sale price over the previous 12 months.

Housing Trends

Median Sale Price
$143,500
Median Single Family Sale Price
$142,950
Median Townhouse Sale Price
$162,450
Average Price Per Sq Ft
$86
Number of Homes for Sale
3
Last 12 months Home Sales
19
Months of Supply
1.90
Median List Price
$156,499
Median Change From 1st List Price
3%
Median Home Sale Price YoY Change
3%
How to Buy a Home How to Finance a Home How to Sell a Home

In Riverside-Normal City, there are currently 6 multi-family homes for sale, providing an appealing investment opportunity for buyers. With multi-family homes ranging from $109,900 to $270,000, there's something for every budget. As of September, 2025 the median home price in Riverside-Normal City, Muncie is $156,499, while the average sale price is $157,510, providing insight into local market trends. On average, multi-family homes spend 31 days on the market before being sold. Multi-family homes encompass various property types, including duplexes, triplexes, fourplexes, and 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 interested in a duplex for a starter investment or an apartment complex for a larger-scale venture, there are investment properties available to suit your needs. Explore the range of multi-family homes for sale in Riverside-Normal City, Muncie.

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.

Homes.com Licensing Information

§ 442-H New York Standard Operating Procedures

New York Fair Housing Notice

TREC: Information about brokerage services, Consumer protection notice

California DRE #01937601

Contact Homes.com Brokerage

Copyright © 2025 CoStar Group