Seller's Agent in 2025
Justin Lowe
Ellsbury Group
(765) 401-1122
2 in this area
45 Total Sales
1320 E Main St Muncie, IN 47305
East Central NeighborhoodEstimated Value: $158,000 - $190,000
8
Beds
3
Baths
2,116
Sq Ft
$82/Sq Ft
Est. Value
About This Home
As of December 2025Seize 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
Ellsbury Group License #RB19001645 Listed on: 08/07/2025
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
Ownership 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
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 7, 2025
Closed on
Dec 17, 2025
Sold by
Bought by
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
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$4,373
Avg. Annual Appreciation
5.43%
Original Mortgage
$144,000
Outstanding Balance
$143,726
Interest Rate
6.24%
Mortgage Type
New Conventional
Estimated Equity
$30,648
Purchase Details
Closed on
Aug 9, 2021
Sold by
Bought by
Purchase Details
Closed on
Jun 18, 2020
Sold by
Bought by
Purchase Details
Closed on
Jun 17, 2015
Sold by
Bought by
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Home Values in the Area
Average Home Value in this Area
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 | Buyer | Sale Price | Title Company |
|---|---|---|---|
| -- | Fayette County Title | ||
| $20,000 | None Available | ||
| -- | None Available | ||
| -- | None Available | ||
| -- | None Available | ||
| $6,000 | -- |
Source: Public Records
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 | Borrower | Loan Amount |
|---|---|---|---|
| Open | $144,000 |
Source: Public Records
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 |
|---|---|---|---|---|
| 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
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 | $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
-
Justin Lowe
-
David Orton
Seller Co-Listing Agent in 2025
David Orton
Ellsbury Group
(317) 412-1572
2 in this area
17 Total Sales
Map
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.
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.
Listings courtesy of MIBOR Broker Listing Cooperative® as distributed by MLS GRID.
Based on information submitted to the MLS GRID
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