Seller's Agent in 2025
Justin Lowe
Ellsbury Group
(765) 401-1122
2 in this area
45 Total Sales
1328 E Main St Muncie, IN 47305
East Central Neighborhood
7
Beds
2
Baths
1,822
Sq Ft
4,792
Sq Ft
About This Home
As of December 2025This is your chance to acquire a meticulously maintained, high-earning duplex in Muncie, Indiana's robust and growing real estate market. Positioned in a desirable neighborhood, this property is more than just a home-it's a proven income-generating asset, perfect for the seasoned investor or a savvy owner-occupant looking to live for free. Investment Highlights: Exceptional Cash Flow: With both units currently occupied by reliable tenants on secure leases, you'll benefit from immediate and consistent rental income from day one. Muncie's rental market is strong, with average rents showing significant year-over-year growth. Prime Location: Strategically located near [mention a specific local landmark, e.g., Ball State University, IU Health Ball Memorial Hospital, downtown Muncie], this property attracts a diverse and stable tenant base, from students and faculty to young professionals. Its proximity to local amenities ensures low vacancy rates and high demand. Low-Maintenance & Updated: The property has been thoughtfully updated to minimize maintenance and maximize returns. Recent upgrades include HVAC, Plumbing, Electrical , reducing future capital expenditures and increasing tenant satisfaction.
Last Agent to Sell the Property
Ellsbury Group License #RB19001645 Listed on: 08/07/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,034
Year Built
- Built in 1910
Home Design
- Duplex
- Brick Exterior Construction
Bedrooms and Bathrooms
- 7 Bedrooms
- 2 Bathrooms
Additional Features
- 2-Story Property
- 4,792 Sq Ft Lot
- Baseboard Heating
- Basement
Listing and Financial Details
- Tax Lot 122
- Assessor Parcel Number 181110490023000003
- Seller Concessions Not Offered
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
$135,000
Sold Price
$140,000
Premium/Discount to List
$5,000
3.7%
Views
23
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-18.96%
Original Mortgage
$112,000
Outstanding Balance
$111,787
Interest Rate
6.24%
Mortgage Type
New Conventional
Estimated Equity
$23,300
Purchase Details
Closed on
Jun 29, 2021
Sold by
Delaware County Commissioner
Bought by
Ibyh Llc
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | Fayette County Title | |
| Commissioners Deed | $10,000 | None Available |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $112,000 | New Conventional |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 12/26/2025 12/26/25 | Sold | $140,000 | 0.0% | $77 / Sq Ft |
| 11/10/2025 11/10/25 | Pending | -- | -- | -- |
| 10/21/2025 10/21/25 | Price Changed | $140,000 | +3.7% | $77 / Sq Ft |
| 09/24/2025 09/24/25 | For Sale | $135,000 | 0.0% | $74 / Sq Ft |
| 08/25/2025 08/25/25 | Pending | -- | -- | -- |
| 08/07/2025 08/07/25 | For Sale | $135,000 | -- | $74 / 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 | $1,034 | $57,400 | $2,100 | $55,300 |
| 2024 | $1,034 | $46,300 | $2,100 | $44,200 |
| 2023 | $1,082 | $48,700 | $2,100 | $46,600 |
| 2022 | $548 | $22,000 | $2,100 | $19,900 |
| 2021 | $514 | $20,300 | $2,100 | $18,200 |
| 2020 | $3,232 | $30,200 | $4,200 | $26,000 |
| 2019 | $3,212 | $30,200 | $4,200 | $26,000 |
| 2018 | $766 | $30,200 | $4,200 | $26,000 |
| 2017 | $710 | $30,100 | $4,200 | $25,900 |
| 2016 | $710 | $30,100 | $4,200 | $25,900 |
| 2014 | $362 | $32,300 | $8,100 | $24,200 |
| 2013 | -- | $32,000 | $8,100 | $23,900 |
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
15 Total Sales
Map
Source: MIBOR Broker Listing Cooperative®
MLS Number: 22055426
APN: 18-11-10-490-023.000-003
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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.
Based on information submitted to the MLS GRID
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