$289,900

1501 W Main St Muncie, IN 47303

Riverside-Normal City Neighborhood

Estimated payment $1,817/month

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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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
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

This home is located at 1501 W Main St, Muncie, IN 47303 and is currently priced at $289,900, approximately $87 per square foot. This property was built in 1896. 1501 W Main St is a home located in Delaware County with nearby schools including West View Elementary School, Muncie Central High School, and Northside Middle School.

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.

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