$104,900
$5K PRICE DROP

1602 W Adams St Muncie, IN 47303

Riverside-Normal City Neighborhood

Estimated payment $699/month

Total Views 3,591
3 Beds
1 Bath
1,030 Sq Ft
$102 Price per Sq Ft

Highlights

  • Traditional Architecture
  • Carpet
  • 1-Story Property
  • Forced Air Heating System

About This Home

3 bedroom investment property located near BSU. Currently rented at $795 month with a long term tenant but this is below market rate. Leased until 6/2026. Instant cash flow! This property is part of a potential 5 property package with 1600 W Adams St., 216 S Dill St., 1623 N Janney Ave., 512 S Talley Ave.

Listing Agent

Brad Bowman

Home 2 Home Realty Group Brokerage Email: christy@home2homerealtygroup.com Listed on: 08/29/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,716

Year Built

  • Built in 1905

Lot Details

  • 5,227 Sq Ft Lot
  • Lot Dimensions are 40x125

Home Design

  • Traditional Architecture
  • Shingle Roof
  • Shingle Siding

Interior Spaces

  • 1-Story Property
  • Partially Finished Basement
  • Block Basement Construction

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Parking

  • 4 Parking Spaces
  • Gravel Driveway

Location

  • Suburban Location

Schools

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

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas

Community Details

  • Pet Restriction

Listing and Financial Details

  • The owner pays for building insurance, maintenance, tax
  • Assessor Parcel Number 18-11-16-101-011.000-003

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,716

Year Built

Built in 1905

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Year Built: 1905
  • Age: 120
  • Style: One Story
  • Architectural Style: Traditional
  • Bedrooms: 3
  • Number Above Grade Bedrooms: 3
  • Total Bathrooms: 1
  • Total Full Bathrooms: 1
  • Legal Description: MOCK ADD E 40 FT LOT 9
  • Parcel Number ID: 18-11-16-101-011.000-003
  • Platted: Yes
  • Amenities: Basement
  • Location: City/Town/Suburb
  • Monthly Gross Income: 795
  • Year Taxes Payable: 2025
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Sq Ft: 1844
  • Total Finished Sq Ft: 1030
  • Above Grade Finished Sq Ft: 1030
  • Below Grade Sq Ft: 814
  • Price Per Sq Ft: 101.84
  • Basement: Yes
  • Basement Foundation: Partial Basement
  • Basement Material: Block
  • Flooring: Carpet, Laminate
  • Main Level Sq Ft: 1030
  • Total Below Grade Sq Ft: 814
  • Number Of Ranges Ovens: 1

Exterior Features

  • Exterior: Shingle
  • Roof Material: Shingle
  • Stories: 1

Garage/Parking

  • Driveway: Gravel
  • Number Of Parking Spaces: 4
  • Parking: Gravel

Utilities

  • Heating Fuel: Gas, Forced Air
  • Sewer: City
  • Water Utilities: City
  • Electric Company: AEP/I&M
  • Gas Company: CenterPoint Energy
  • Water Company: Muncie Sanitary Dist.
  • Cable Company: Comcast/Xfinity
  • Number Of W D Hookups: 1

Condo/Co-op/Association

  • Pet Restrictions: Yes

Schools

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

Lot Info

  • Lot Description: 0-2.9999
  • Lot Dimensions: 40x125
  • Estimated Lot Sq Ft: 5227
  • Estimated Lot Size Acres: 0.12

Rental Info

  • Lease Term: 1 Year
  • Owner Pays: Building Insurance, Maintenance, Tax
  • Tenant Pays: Cable, Electric, Fuel, Sewer, Trash Collection, Water, Water Softener

Multi Family

  • Gross Monthly Rent: 795
  • Number Of Dryers: 1
  • Number Of Refrigerators: 1
  • Number Of Units: 1
  • Number Of Washers: 1
  • Number Of 3 Bedrooms: 1
  • Num Of Units Rented: 1

Tax Info

  • Annual Property Tax: 1716

MLS Schools

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

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

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
2024 $2,869 $85,800 $12,100 $73,700
2023 $1,590 $74,100 $10,000 $64,100
2022 $1,346 $61,900 $10,000 $51,900
2021 $1,314 $60,300 $10,600 $49,700
2020 $1,138 $51,500 $10,100 $41,400
2019 $1,138 $51,500 $10,100 $41,400
2018 $1,138 $51,500 $10,100 $41,400
2017 $1,134 $51,300 $10,600 $40,700
2016 $1,116 $50,400 $10,500 $39,900
2014 $1,101 $52,900 $11,000 $41,900
2013 -- $52,800 $11,000 $41,800
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/19/2025 09/19/25 Price Changed $104,900 -4.5% $102 / Sq Ft
08/29/2025 08/29/25 For Sale $109,900 -- $107 / Sq Ft
Source: Indiana Regional MLS

Purchase History

Date Type Sale Price Title Company
Warranty Deed $240,000 None Listed On Document
Warranty Deed $46,750 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $165,000 New Conventional
Source: Public Records

Source: Indiana Regional MLS

MLS Number: 202534736

Indiana Regional MLS

APN: 18-11-16-101-011.000-003

Indiana Delaware County Muncie 47303 Riverside-Normal City

1602 W Adams St, Muncie, IN

This home is located at 1602 W Adams St, Muncie, IN 47303 and is currently priced at $104,900, approximately $101 per square foot. This property was built in 1905. 1602 W Adams 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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Brad Bowman
Listing Agent
Brad Bowman
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Home 2 Home Realty Group
(765) 435-7390