1320 E Main St Muncie, IN 47305
East Central NeighborhoodEstimated payment $1,099/month
About This Home
Seize this exceptional opportunity to own a high-earning, turnkey triplex in the heart of Muncie, Indiana. This meticulously maintained property offers a powerful combination of steady cash flow, reduced vacancy risk, and significant long-term appreciation potential. Located in a prime neighborhood, this triplex is a dream for both seasoned investors and first-time buyers looking to "house hack" their way to financial freedom. Investment Highlights Three Streams of Income: With all three units fully leased to reliable tenants, you'll benefit from a powerful, diversified income stream from day one. Unlike single-family homes, a triplex significantly mitigates the financial impact of a single vacancy. Prime Muncie Location: Situated in a high-demand area near [mention a specific local landmark, e.g., Ball State University, downtown Muncie, IU Health Ball Memorial Hospital], this property consistently attracts a strong pool of tenants, including students, faculty, and young professionals. Its proximity to jobs, dining, and entertainment ensures low turnover and competitive rental rates. Strong Financial Performance: Muncie's real estate market is on the rise, with home values and rental rates seeing consistent growth. This triplex is a high-performing asset that offers both immediate, attractive cash flow and the potential for a substantial increase in value over time.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,142
Year Built
- Built in 1965
Home Design
- Triplex
- Brick Exterior Construction
Bedrooms and Bathrooms
- 8 Bedrooms
- 3 Bathrooms
Additional Features
- 2-Story Property
- 4,792 Sq Ft Lot
- Baseboard Heating
- Basement
Listing and Financial Details
- Tax Lot 022
- Assessor Parcel Number 181110490022000003
Map
Home Values in the Area
Average Home Value in this Area
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 | $1,142 | $51,700 | $2,100 | $49,600 |
| 2023 | $422 | $30,500 | $2,100 | $28,400 |
| 2022 | $592 | $24,200 | $2,100 | $22,100 |
| 2021 | $477 | $22,200 | $2,100 | $20,100 |
| 2020 | $656 | $33,000 | $4,200 | $28,800 |
| 2019 | $768 | $33,000 | $4,200 | $28,800 |
| 2018 | $766 | $32,900 | $4,200 | $28,700 |
| 2017 | $764 | $32,800 | $4,200 | $28,600 |
| 2016 | $764 | $32,800 | $4,200 | $28,600 |
| 2014 | $632 | $35,000 | $8,100 | $26,900 |
| 2013 | -- | $34,700 | $8,100 | $26,600 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/24/2025 09/24/25 | For Sale | $190,000 | 0.0% | -- |
| 08/25/2025 08/25/25 | Pending | -- | -- | -- |
| 08/07/2025 08/07/25 | For Sale | $190,000 | 0.0% | -- |
| 07/11/2025 07/11/25 | For Rent | $610 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $20,000 | None Available | |
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | None Available | |
| Quit Claim Deed | -- | None Available | |
| Quit Claim Deed | $6,000 | -- |
Source: MIBOR Broker Listing Cooperative®
MLS Number: 22055484
APN: 18-11-10-490-022.000-003
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.
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