NOT LISTED FOR SALE

Estimated Value: $160,000 - $184,000

8 Beds
3 Baths
2,116 Sq Ft
$81/Sq Ft Est. Value

Sale Details

Date Sold: December 26, 2025

Last sale price $170,000 $80 Per Sq Ft

Current estimated payment $1,016 / mo

95 Days on Market

About This Home

As of December 2025

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.

Last Agent to Sell the Property

Justin Lowe

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

Co-Listed By

David Orton

Ellsbury Group License #RB14052148

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,142

Year Built

  • Built in 1965

Lot Details

  • 4,792

Home Design

  • Triplex
  • Brick Exterior Construction

Interior Spaces

  • 2-Story Property
  • Fire and Smoke Detector
  • Basement

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 3 Bathrooms

Additional Features

  • 4,792 Sq Ft Lot
  • Baseboard Heating

Listing and Financial Details

  • Tax Lot 022
  • Assessor Parcel Number 181110490022000003
  • Seller Concessions Not Offered

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,142

Year Built

Built in 1965

Lot Details

4,792 Sq Ft Lot

Listing Details

  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • New Construction: No
  • Tax Year: 2024
  • Year Built: 1965
  • Co List Office Phone: 219-200-5133
  • Lot Size Acres: 0.11
  • Subdivision Name: No Subdivision
  • Transaction Type: Sale
  • Conversion: No
  • Special Features: None

Interior Features

  • Basement: Yes
  • Levels: Two
  • Total Bathrooms: 3
  • Total Bedrooms: 8

Exterior Features

  • Construction Materials: Brick
  • Road Access: Frontage Road

Utilities

  • Heating: Electric, Baseboard
  • Security Features: Smoke Detector(s)
  • Solid Waste: No

Lot Info

  • Current Use: Apt>20
  • Lot Size Sq Ft: 4792
  • Parcel Number: 181110490022000003
  • Acres: <1/4 Acre

Multi Family

  • Net Operating Income: 20261

Tax Info

  • Tax Annual Amount: 1142
  • Tax Lot: 022
  • Semi Annual Property Tax Amt: 571

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 7, 2025
Closed on
Dec 17, 2025
Sold by
Ibyh Llc
Bought by
Carniello Dustin
Seller's Agent
Justin Lowe
Ellsbury Group
List Price
$190,000
Sold Price
$170,000
Premium/Discount to List
-$20,000
-10.53%
Views
57
Current Estimated Value
$170,809

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$809
Avg. Annual Appreciation
1.54%
Original Mortgage
$144,000
Outstanding Balance
$143,726
Interest Rate
6.24%
Mortgage Type
New Conventional
Estimated Equity
$27,084

Purchase Details

Closed on
Aug 9, 2021
Sold by
Johnson Willie and Roberts Schrome
Bought by
Ibyh Llc

Purchase Details

Closed on
Jun 18, 2020
Sold by
Johnson Roy
Bought by
Johnson Willie and Roberts Schrome

Purchase Details

Closed on
Jun 17, 2015
Sold by
Long Carl
Bought by
Johnson Roy
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Carniello Dustin -- Fayette County Title
Ibyh Llc $20,000 None Available
Johnson Willie -- None Available
Johnson Willie -- None Available
Johnson Roy -- None Available
Johnson Roy $6,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Carniello Dustin $144,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/26/2025 12/26/25 Sold $170,000 -10.5% $80 / Sq Ft
11/10/2025 11/10/25 Pending -- -- --
09/24/2025 09/24/25 For Sale $190,000 0.0% $90 / Sq Ft
08/25/2025 08/25/25 Pending -- -- --
08/07/2025 08/07/25 For Sale $190,000 -- $90 / Sq Ft
Source: MIBOR Broker Listing Cooperative®

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
2025 $1,392 $64,200 $2,100 $62,100
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
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: 22055484

MIBOR Broker Listing Cooperative®

APN: 18-11-10-490-022.000-003

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