$289,900
PENDING

1501 W Main St Muncie, IN 47303

Riverside-Normal City Neighborhood

Estimated payment $1,807/month

Total Views 2,296
8 Beds
6 Baths
3,331 Sq Ft
$87 Price per Sq Ft

Highlights

  • Forced Air Heating System
  • Baseboard Heating
  • Level Lot

About This Home

6 Unit building grossing $3,490/month. Located near Ball State and Ball Memorial Hospital. The property features 3 units upstairs with a common area stairwell and 3 units on the main level, plenty of parking is available to the rear of the property.

Listing Agent

Ryan Kramer

RE/MAX Real Estate Groups Brokerage Phone: 765-717-2489 Listed on: 09/30/2025

RE/MAX Real Estate Groups

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,358

Year Built

  • Built in 1896

Lot Details

  • 6,970 Sq Ft Lot
  • Lot Dimensions are 53x140
  • Level Lot

Home Design

  • Shingle Roof
  • Vinyl Construction Material

Interior Spaces

  • 2-Story Property
  • Laminate Flooring
  • Partially Finished Basement
  • Crawl Space

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 6 Full Bathrooms

Parking

  • 6 Parking Spaces
  • Off-Street Parking

Schools

  • Westview Elementary School
  • Northside Middle School
  • Central High School

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System
  • Baseboard Heating
  • Heating System Uses Gas

Listing and Financial Details

  • The owner pays for electric, fuel, water
  • Assessor Parcel Number 181109361007000003

Community Details

Overview

  • 6 Units

Building Details

  • Electric Expense $1,009
  • Fuel Expense $463
  • Water Sewer Expense $1,248

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,358

Year Built

Built in 1896

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Sixplex
  • Year Built: 1896
  • Style: Two Story
  • Bedrooms: 8
  • Total Bathrooms: 6
  • Total Full Bathrooms: 6
  • Legal Description: 50 FT X 140 FT PT WHLF SWQTR S09 T20 R10 0.160 AC
  • Parcel Number ID: 181109361007000003
  • Platted: Yes
  • Amenities: Off Street Parking
  • Special Features: None

Interior Features

  • Total Sq Ft: 4118
  • Total Finished Sq Ft: 3331
  • Above Grade Finished Sq Ft: 3331
  • Below Grade Sq Ft: 787
  • Basement: Yes
  • Basement Foundation: Crawl, Partial Basement
  • Flooring: Laminate
  • Main Level Sq Ft: 1757
  • Total Below Grade Sq Ft: 787

Exterior Features

  • Exterior: Vinyl
  • Roof Material: Shingle
  • Stories: 2

Garage/Parking

  • Number Of Parking Spaces: 6

Utilities

  • Cooling: Window
  • Heating Fuel: Electricity, Gas, Baseboard, Forced Air
  • Sewer: City
  • Water Utilities: City
  • Annual Electric: 1009
  • Annual Fuel Expense: 463
  • Annual Water Sewer Expense: 1248

Schools

  • Elementary School: Westview

Lot Info

  • Lot Description: Level
  • Lot Dimensions: 53x140
  • Estimated Lot Sq Ft: 6970
  • Estimated Lot Size Acres: 0.16

Rental Info

  • Owner Pays: Electric, Fuel, Water
  • Tenant Pays: Electric, Fuel, Water

Tax Info

  • Annual Property Tax: 3358

Multi Family

  • Number Of Units: 6
  • Num Of1 Bedrooms: 3
  • Num Of2 Bedrooms: 2
  • Num Of Efficiencies: 1

MLS Schools

  • High School: Central
  • Middle School: Northside
  • School District: Muncie Community Schools

Map

Range of Values:

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Average Value
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List Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/29/2025 10/29/25 Pending -- -- --
09/30/2025 09/30/25 For Sale $289,900 -- $87 / Sq Ft
Source: Indiana Regional MLS

Source: Indiana Regional MLS

MLS Number: 202539731

Indiana Regional MLS
Indiana Delaware County Muncie 47303 Riverside-Normal City

1501 W Main St, Muncie, IN

Pending

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Indiana Regional MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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Ryan Kramer
Listing Agent
Ryan Kramer
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RE/MAX Real Estate Groups
(765) 217-4329