NOT LISTED FOR SALE

1400 E 5th St Muncie, IN 47302

Industry Neighborhood

Estimated Value: $87,000 - $109,812

5 Beds
3 Baths
2,054 Sq Ft
$47/Sq Ft Est. Value

Last Sold February 24, 2025

Last sale price $100,000 $49 Per Sq Ft

Est. 3% decrease in value since last sale

Current estimated payment $604/month

82 Days on Market

About This Home

As of February 2025

Great investment opportunity! This recently updated triplex in Muncie offers strong cash flow and is ideally located just 8 minutes from Ball State University, making it perfect for student housing. The property features two 2-bedroom, 1-bath units and one 1-bedroom, 1-bath unit, all with modern updates and reliable rental income. With high demand from students and low maintenance required, this triplex is an excellent addition to any real estate portfolio. Don't miss out-schedule a showing today!

Last Agent to Sell the Property

Kierstyn Chase

Homeward Bound Realty LLC Brokerage Email: kiki@ferrispropertygroup.com License #RB21001425 Listed on: 11/06/2024

Last Buyer's Agent

Jared Smith

Highgarden Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,274

Year Built

  • Built in 1890

Lot Details

  • 6,250 Sq Ft Lot

Home Design

  • Triplex

Interior Spaces

  • 1.5-Story Property
  • Partial Basement

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas

Listing and Financial Details

  • Tenant pays for all utilities
  • Tax Lot 105
  • Assessor Parcel Number 181115427008000003
  • Seller Concessions Not Offered

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,274

Year Built

Built in 1890

Lot Details

6,250 Sq Ft Lot

Listing Details

  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • New Construction: No
  • Tax Year: 2023
  • Year Built: 1890
  • Lot Size Acres: 0.14
  • Structure Type: Triplex
  • Subdivision Name: No Subdivision
  • Transaction Type: Sale
  • Conversion: Yes
  • MBR_AttributionContact: kiki@ferrispropertygroup.com
  • Attribution Contact: kiki@ferrispropertygroup.com
  • Special Features: None

Interior Features

  • Basement: Yes
  • Basement Type: Partial
  • Levels: One and One Half
  • Total Bathrooms: 3
  • Total Bedrooms: 5
  • Gross Area Sq Ft: 2054
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Road Access: Not Applic

Utilities

  • Cooling: None
  • Heating: Forced Air, Gas
  • Solid Waste: No

Lot Info

  • Property Attached Yn: Yes
  • Current Use: Residential
  • Lot Size Sq Ft: 6250
  • Parcel Number: 181115427008000003
  • Zoning: residential
  • Acres: <1/4 Acre

Green Features

  • Green Certification Y N: No

Rental Info

  • Tenant Pays: All Utilities

Tax Info

  • Tax Annual Amount: 1274
  • Tax Lot: 105
  • Semi Annual Property Tax Amt: 637

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 6, 2024
Closed on
Feb 24, 2025
Sold by
Aviles Sara and Aviles Oscar
Bought by
Aspen Ridge Real Estate Llc
Seller's Agent
Kierstyn Chase
Homeward Bound Realty LLC
Buyer's Agent
Jared Smith
Highgarden Real Estate
List Price
$130,000
Sold Price
$100,000
Premium/Discount to List
-$30,000
-23.08%
Views
31
Current Estimated Value
$96,953

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$3,047
Avg. Annual Appreciation
-3.05%
Original Mortgage
$132,800
Outstanding Balance
$130,955
Interest Rate
7.04%
Mortgage Type
New Conventional
Estimated Equity
-$34,002

Purchase Details

Listed on
Jul 20, 2023
Closed on
Aug 10, 2023
Sold by
Verma Sachi
Bought by
Aviles Sara and Aviles Oscar
Seller's Agent
Heather Clemmons
Starr Real Estate LLC
Buyer's Agent
Tracie Harter
Epique Inc.
List Price
$89,900
Sold Price
$85,000
Premium/Discount to List
-$4,900
-5.45%
Views
33

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.21%

Purchase Details

Listed on
Sep 11, 2017
Closed on
Nov 6, 2017
Sold by
Flip Masters Llc
Bought by
Verma Sachin
Seller's Agent
Brenda Fullhart
Buyer's Agent
Heather Upton
Keller Williams Indy Metro NE
List Price
$65,000
Sold Price
$63,000
Premium/Discount to List
-$2,000
-3.08%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.33%
Original Mortgage
$47,250
Interest Rate
3.85%
Mortgage Type
New Conventional

Purchase Details

Listed on
Nov 23, 2015
Closed on
Mar 25, 2016
Sold by
Hagan William D and Hagan Greta R
Bought by
Flip Masters Llc
Seller's Agent
Ted Cook
F.C. Tucker Muncie, REALTORS
Buyer's Agent
Brenda Fullhart
F.C. Tucker Muncie, REALTORS
List Price
$21,900
Sold Price
$17,000
Premium/Discount to List
-$4,900
-22.37%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
125.61%

Purchase Details

Closed on
Feb 9, 2007
Sold by
Deutsche Bank National Trust Co
Bought by
East Central Properites Inc

Purchase Details

Closed on
Oct 2, 2006
Sold by
Carey Thomas and Doe John
Bought by
Deutsche Bank National Trust Company

Purchase Details

Closed on
Sep 4, 2000
Sold by
East Central Properties Inc
Bought by
Hagan William D and Hagan Greta R
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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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
Aspen Ridge Real Estate Llc $100,000 First American Title
Aviles Sara -- None Listed On Document
Verma Sachin -- --
Flip Masters Llc -- --
East Central Properites Inc -- None Available
Deutsche Bank National Trust Company $38,149 None Available
Hagan William D -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Aspen Ridge Real Estate Llc $132,800
Previous Owner Verma Sachin $47,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/24/2025 02/24/25 Sold $100,000 0.0% $49 / Sq Ft
01/27/2025 01/27/25 Pending -- -- --
01/05/2025 01/05/25 Off Market $100,000 -- --
12/16/2024 12/16/24 Price Changed $110,000 -15.4% $54 / Sq Ft
11/06/2024 11/06/24 For Sale $130,000 +52.9% $63 / Sq Ft
08/14/2023 08/14/23 Sold $85,000 -4.0% $41 / Sq Ft View Prior Sale
07/28/2023 07/28/23 Pending -- -- --
07/27/2023 07/27/23 Price Changed $88,500 -1.6% $43 / Sq Ft
07/20/2023 07/20/23 For Sale $89,900 +42.7% $44 / Sq Ft
11/06/2017 11/06/17 Sold $63,000 -3.1% $31 / Sq Ft View Prior Sale
10/06/2017 10/06/17 Pending -- -- --
09/11/2017 09/11/17 For Sale $65,000 +282.4% $32 / Sq Ft
03/28/2016 03/28/16 Sold $17,000 -22.4% $8 / Sq Ft View Prior Sale
02/23/2016 02/23/16 Pending -- -- --
11/23/2015 11/23/15 For Sale $21,900 -- $11 / 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 $1,252 $77,200 $3,800 $73,400
2024 $1,252 $57,200 $3,800 $53,400
2023 $1,274 $58,300 $3,200 $55,100
2022 $1,064 $47,800 $3,200 $44,600
2021 $1,026 $45,900 $5,000 $40,900
2020 $908 $40,000 $5,000 $35,000
2019 $884 $38,800 $5,000 $33,800
2018 $882 $38,700 $5,000 $33,700
2017 $622 $25,700 $5,500 $20,200
2016 $910 $40,100 $6,900 $33,200
2014 $841 $39,900 $6,900 $33,000
2013 -- $39,600 $6,900 $32,700
Source: Public Records

Agents Affiliated with this Home

  • Kierstyn Chase

    Seller's Agent in 2025

    Kierstyn Chase

    Homeward Bound Realty LLC

    (317) 344-8811

    1 in this area

    71 Total Sales

    Kierstyn Chase
    Section Image

  • J

    Buyer's Agent in 2025

    Jared Smith

    Highgarden Real Estate

    Section Image
  • Heather Clemmons

    Seller's Agent in 2023

    Heather Clemmons

    Starr Real Estate LLC

    (765) 288-1711

    21 in this area

    466 Total Sales

    Heather Clemmons
    Section Image

  • T

    Buyer's Agent in 2023

    Tracie Harter

    Epique Inc.

    Section Image

  • B

    Seller's Agent in 2017

    Brenda Fullhart

    Section Image

  • H

    Buyer's Agent in 2017

    Heather Upton

    Keller Williams Indy Metro NE

    Section Image
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Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: 22010295

MIBOR Broker Listing Cooperative®

APN: 18-11-15-427-008.000-003

Indiana Delaware County Muncie 47302 Industry

1400 E 5th St, Muncie, IN

Not Listed for Sale

MultiFamily

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MIBOR Broker Listing Cooperative® 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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