$145,000
PENDING

Estimated payment $885/month

Total Views 1,277
4 Beds
3 Baths
-- Sq Ft
-- Price per Sq Ft

About This Home

Seize the chance to own a cash-flowing, 3-unit investment property in the thriving Muncie, Indiana market. This is an ideal addition to any investor's portfolio, offering stable income and long-term appreciation potential in a city with a strong rental demand. With recent renovations to 1 unit and to the exterior of the property. You will not need to invest any additional funds into renovations or repairs. Investment Highlights: This well-maintained 3-unit property is located in a desirable area of Muncie, providing tenants with convenient access to key city amenities. Each unit is designed for maximum rentability, with features that appeal to today's renters. Whether you're a seasoned investor or looking to start your real estate journey, this property provides an excellent opportunity to generate passive income and build wealth. Three Separate Units: Offering diversified income streams and reduced vacancy risk. Immediate Cash Flow: A fully-occupied building ensures a return on investment from day one.

Listing Agent

Justin Lowe

Ellsbury Commerical Group License #RB19001645 Listed on: 08/07/2025

Co-Listing Agent

David Orton

Ellsbury Commerical Group License #RB14052148

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,216

Year Built

  • Built in 1920

Home Design

  • Triplex

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Additional Features

  • 2-Story Property
  • 5,625 Sq Ft Lot
  • Baseboard Heating
  • Basement

Listing and Financial Details

  • Tax Lot 6
  • Assessor Parcel Number 181116176003000003

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,216

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Sub Type: Triplex
  • Builder Name: n/a
  • Property Type: Residential Income
  • New Construction: Yes
  • Tax Year: 2024
  • Year Built: 1920
  • Co List Office Phone: 219-200-5133
  • Lot Size Acres: 0.13
  • Subdivision Name: No Subdivision
  • Transaction Type: Sale
  • Conversion: Yes
  • Price Unit: 48333
  • Special Features: NewHome

Interior Features

  • Basement: Yes
  • Levels: Two, One and One Half
  • Total Bathrooms: 3
  • Total Bedrooms: 4

Exterior Features

  • List Price: 145000
  • Construction Stage: Gutted
  • Road Access: Frontage Road

Utilities

  • Heating: Baseboard
  • Solid Waste: No

Fee Information

  • Expenses: 9404

Lot Info

  • Lot Size Sq Ft: 5625
  • Parcel Number: 181116176003000003
  • Acres: <1/4 Acre
  • Price Acre: 1115385

Multi Family

  • Net Operating Income: 14596
  • Gross Income: 24000
  • Number Of Units Total: 3

Tax Info

  • Tax Annual Amount: 1216
  • Tax Lot: 6
  • Semi Annual Property Tax Amt: 608

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

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
2024 $1,216 $55,400 $5,200 $50,200
2023 $1,034 $46,300 $4,400 $41,900
2022 $524 $20,800 $4,400 $16,400
2021 $444 $16,800 $5,600 $11,200
2020 $436 $16,400 $5,600 $10,800
2019 $880 $26,900 $5,600 $21,300
2018 $809 $25,800 $5,600 $20,200
2017 $545 $26,300 $5,600 $20,700
2016 $545 $26,300 $5,600 $20,700
2014 $412 $25,000 $5,300 $19,700
2013 -- $24,000 $5,200 $18,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/18/2025 08/18/25 Off Market $610 -- --
08/18/2025 08/18/25 Pending -- -- --
08/07/2025 08/07/25 For Sale $145,000 0.0% --
07/12/2025 07/12/25 For Rent $610 -- --
Source: MIBOR Broker Listing Cooperative®

Purchase History

Date Type Sale Price Title Company
Quit Claim Deed -- None Available
Commissioners Deed $9,000 None Available
Public Action Common In Florida Clerks Tax Deed Or Tax Deeds Or Property Sold For Taxes $2,198 None Available
Warranty Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $77,600 New Conventional
Source: Public Records

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Source: MIBOR Broker Listing Cooperative®

MLS Number: 22055431

MIBOR Broker Listing Cooperative®

APN: 18-11-16-176-003.000-003