1112 N Elm St Muncie, IN 47303
Minnetrista NeighborhoodEstimated payment $747/month
Highlights
- Covered Patio or Porch
- Carpet
- 1-minute walk to McCulloch Trailhead Cardinal Greenway
- Level Lot
About This Home
Income-producing triplex currently generating $2,135 per month in gross rental income! This property offers three separate units consisting of two 1-bedroom units and one 2-bedroom unit, providing an established multi-unit investment opportunity. The property features separate living spaces with kitchens and baths for each unit, along with a mix of updated flooring, cabinetry and finishes throughout. Exterior vinyl siding and a covered front porch add to the property, while the layout provides three distinct rental units under one roof. With $25,620 in current annual gross rental income, this triplex offers an opportunity to add an income-producing property to your portfolio without starting from scratch. Whether you're looking to expand an existing rental portfolio or purchase your first multi-unit investment, the numbers make this one worth a look. Current rents total $2,135/month. Buyer to verify rents, expenses, leases, utilities and all other investment information.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,000
Year Built
- Built in 1893
Lot Details
- 8,000 Sq Ft Lot
- Lot Dimensions are 50x160
- Level Lot
Home Design
- Triplex
- Shingle Roof
- Asphalt Roof
- Vinyl Construction Material
Interior Spaces
- 2-Story Property
- Unfinished Basement
Flooring
- Carpet
- Vinyl
Bedrooms and Bathrooms
- 4 Bedrooms
- 3 Full Bathrooms
Parking
- 4 Parking Spaces
- Gravel Driveway
- Off-Street Parking
Outdoor Features
- Covered Patio or Porch
Schools
- East Washington Academy Elementary School
- Northside Middle School
- Central High School
Utilities
- Window Unit Cooling System
- Heating System Uses Gas
- Cable TV Available
Listing and Financial Details
- The owner pays for electric, heating, lawn maintenance, sewer, snow removal, trash collection, water
- Assessor Parcel Number 181110176010000003
- Seller Concessions Not Offered
Community Details
Overview
- 3 Units
Building Details
- 1 Separate Electric Meter
- 1 Separate Gas Meter
- 1 Separate Water Meter
- Electric Expense $2,429
- Fuel Expense $1,305
- Insurance Expense $1,050
- Maintenance Expense $3,500
- Water Sewer Expense $4,400
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $2,000 | $94,600 | $14,000 | $80,600 |
| 2024 | $1,424 | $65,800 | $7,000 | $58,800 |
| 2023 | $984 | $43,100 | $7,000 | $36,100 |
| 2022 | $992 | $43,500 | $7,000 | $36,500 |
| 2021 | $831 | $35,600 | $6,500 | $29,100 |
| 2020 | $831 | $35,600 | $6,500 | $29,100 |
| 2019 | $906 | $39,900 | $6,500 | $33,400 |
| 2018 | $928 | $38,300 | $6,500 | $31,800 |
| 2017 | $854 | $37,300 | $5,900 | $31,400 |
| 2016 | $820 | $35,600 | $5,700 | $29,900 |
| 2014 | $983 | $47,000 | $5,700 | $41,300 |
| 2013 | -- | $46,500 | $5,700 | $40,800 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 09/09/2026 09/09/26 | Price Changed | $125,000 | -7.4% | $67 / Sq Ft |
| 08/27/2026 08/27/26 | For Sale | $135,000 | -- | $72 / Sq Ft |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | Smith James W | |
| Warranty Deed | $65,000 | None Available | |
| Warranty Deed | -- | None Available | |
| Warranty Deed | -- | None Available | |
| Warranty Deed | -- | None Available | |
| Deed | -- | -- | |
| Warranty Deed | -- | -- |
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $1,042,113 | Future Advance Clause Open End Mortgage |
Source: Indiana Regional MLS
MLS Number: 202635206
APN: 18-11-10-176-010.000-003
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.
Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
Based on information submitted to the MLS GRID
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