1508 E Main St Muncie, IN 47305
East Central NeighborhoodEstimated payment $787/month
Highlights
- 1 Car Detached Garage
- Level Lot
- 4-minute walk to Hughes Nature Preserve
- Forced Air Heating and Cooling System
- Carpet
About This Home
Great investment opportunity with two 2-bedroom units, both rehabbed within the past year. The upper unit was just completed and features all new appliances, including a stackable washer and dryer, and is fully furnished for short- or mid-term rental use. The lower unit offers a mudroom entry, spacious living room, and a large bedroom with double closets. Parking is available on the street or in the rear, and the detached garage is currently used by the main-floor tenant. Both units are currently occupied. The upstairs unit rents for $1,390 per month (utilities and internet included), while the downstairs rents for $800 per month with no utilities included. Seller is the listing agent and a licensed real estate broker in the State of Indiana.
Listing Agent
RE/MAX Real Estate Groups Brokerage Phone: 765-717-2489 Listed on: 02/02/2026
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,100
Year Built
- Built in 1918
Lot Details
- 6,098 Sq Ft Lot
- Lot Dimensions are 50x125
- Level Lot
Home Design
- Duplex
- Shingle Roof
- Asphalt Roof
- Vinyl Construction Material
Interior Spaces
- 2-Story Property
- Laundry in Kitchen
- Unfinished Basement
Flooring
- Carpet
- Vinyl
Bedrooms and Bathrooms
- 4 Bedrooms
- 2 Full Bathrooms
Parking
- 1 Car Detached Garage
- Gravel Driveway
- Off-Street Parking
Location
- Suburban Location
Schools
- East Washington Academy Elementary School
- Northside Middle School
- Central High School
Utilities
- Forced Air Heating and Cooling System
- Heating System Uses Gas
Listing and Financial Details
- Assessor Parcel Number 181110492008000003
Community Details
Overview
- 2 Units
Pet Policy
- Pets Allowed with Restrictions
Building Details
- Electric Expense $1,140
- Fuel Expense $780
- Insurance Expense $1,000
- Maintenance Expense $1,000
- Water Sewer Expense $1,320
Map
Home Values in the Area
Average Home Value in this Area
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 | $1,106 | $62,100 | $2,600 | $59,500 |
| 2024 | $1,106 | $49,900 | $2,600 | $47,300 |
| 2023 | $1,107 | $49,900 | $2,600 | $47,300 |
| 2022 | $899 | $39,500 | $2,600 | $36,900 |
| 2021 | $837 | $36,400 | $2,700 | $33,700 |
| 2020 | $1,177 | $53,400 | $5,400 | $48,000 |
| 2019 | $1,197 | $54,400 | $5,400 | $49,000 |
| 2018 | $1,197 | $54,400 | $5,400 | $49,000 |
| 2017 | $1,193 | $54,200 | $5,400 | $48,800 |
| 2016 | $1,193 | $54,200 | $5,400 | $48,800 |
| 2014 | $1,153 | $55,500 | $10,200 | $45,300 |
| 2013 | -- | $55,100 | $10,200 | $44,900 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 02/05/2026 02/05/26 | Pending | -- | -- | -- |
| 02/02/2026 02/02/26 | For Sale | $135,000 | -- | $77 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | -- | None Listed On Document | |
| Warranty Deed | -- | Rowland Title | |
| Warranty Deed | -- | Rowland Title | |
| Warranty Deed | -- | -- | |
| Special Warranty Deed | -- | None Available | |
| Sheriffs Deed | $52,286 | None Available |
Source: Indiana Regional MLS
MLS Number: 202603255
APN: 18-11-10-492-008.000-003
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Ask me questions while you tour the home.