$90,000
SOLD JUL 5, 2024
4 Beds
4 Baths
2,928 Sq Ft
5,663 Sq Ft Lot

Recently Sold

$31 Per Sq Ft

31% Below List Price

2 Days on Market

Highlights

  • Wood Flooring
  • Forced Air Heating System
  • 2-minute walk to Community Circle
  • Covered patio or porch
  • Level Lot

About This Home

As of July 2024

Great investment opportunity! All brick apartment building near downtown Muncie. Property features four units, all offering 1 bedroom, 1 bathroom units and original hardwood floors. A paved parking lot in rear of building provides off street parking for tenants. Shared laundry in basement. Three of the 4 units are currently rented. New roof installed in fall of 2023.

Last Agent to Sell the Property

Ryan Kramer

RE/MAX Real Estate Groups Brokerage Phone: 765-717-2489 Listed on: 06/05/2024

RE/MAX Real Estate Groups

Last Buyer's Agent

Rebekah Hanna

RE/MAX Real Estate Groups

RE/MAX Real Estate Groups

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $108

Year Built

  • Built in 1924

Lot Details

  • 5,663 Sq Ft Lot
  • Lot Dimensions are 45x126
  • Level Lot

Parking

  • 8 Parking Spaces

Home Design

  • Quadruplex
  • Brick Exterior Construction

Interior Spaces

  • 2-Story Property
  • Wood Flooring
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Full Bathrooms

Outdoor Features

  • Covered patio or porch

Schools

  • Southview Elementary School
  • Southside Middle School
  • Central High School

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas
  • Gas Water Heater

Community Details

  • 4 Units

Listing and Financial Details

  • Tenant pays for cable, electric
  • The owner pays for fuel, lawn maintenance, parking, sewer, tax, water
  • Assessor Parcel Number 18-11-16-226-006.000-003

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$108

Year Built

Built in 1924

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Fourplex
  • Year Built: 1924
  • Age: 100
  • Style: Two Story
  • Bedrooms: 4
  • Number Above Grade Bedrooms: 4
  • Total Bathrooms: 4
  • Total Full Bathrooms: 4
  • Legal Description: Parcel 1: SS ADD S 45FT Lot # 1 Parcel 2: SCHOOL SEC S 45 FT LOT 2 BLK 4
  • Parcel Number ID: 18-11-16-226-006.000-003
  • Platted: Yes
  • Amenities: Basement, Patio Covered, Water Heater Gas
  • Parcel Id2: 18-11-16-226-009.000-003
  • Sp Lp Percent: 69.23
  • Monthly Gross Income: 1175
  • Year Taxes Payable: 2023
  • Special Features: None

Interior Features

  • Total Sq Ft: 4392
  • Total Finished Sq Ft: 2928
  • Above Grade Finished Sq Ft: 2928
  • Below Grade Sq Ft: 1464
  • Price Per Sq Ft: 30.74
  • Basement: Yes
  • Basement Foundation: Full Basement
  • Flooring: Wood
  • Total Below Grade Sq Ft: 1464
  • Number Of Ranges Ovens: 4

Exterior Features

  • Exterior: Brick
  • Stories: 2

Garage/Parking

  • Number Of Parking Spaces: 8

Utilities

  • Heating Fuel: Gas, Forced Air
  • Sewer: City
  • Water Utilities: City
  • Number Of W D Hookups: 1

Schools

  • School District: Muncie Community Schools
  • Elementary School: Southview
  • Middle School: Southside
  • High School: Central
  • Elementary School: Southview

Lot Info

  • Lot Description: Level
  • Lot Dimensions: 45x126
  • Estimated Lot Sq Ft: 5663
  • Estimated Lot Size Acres: 0.13

Rental Info

  • Lease Term: 1 Year
  • Owner Pays: Fuel, Lawn Maintenance, Parking, Sewer, Tax, Water
  • Tenant Pays: Cable, Electric

Multi Family

  • Gross Monthly Rent: 1175
  • Number Of Dryers: 1
  • Number Of Refrigerators: 4
  • Number Of Units: 4
  • Number Of Washers: 1
  • Num Of1 Bedrooms: 4
  • Num Of Units Rented: 3

Tax Info

  • Annual Property Tax: 108

MLS Schools

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

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Range of Values:

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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
07/09/2025 07/09/25 Pending -- -- --
07/07/2025 07/07/25 Price Changed $230,000 -4.1% $79 / Sq Ft
06/20/2025 06/20/25 Price Changed $239,900 -4.0% $82 / Sq Ft
06/04/2025 06/04/25 For Sale $249,900 +177.7% $85 / Sq Ft
07/05/2024 07/05/24 Sold $90,000 -30.8% $31 / Sq Ft
06/07/2024 06/07/24 Pending -- -- --
06/05/2024 06/05/24 For Sale $130,000 -- $44 / Sq Ft
Source: Indiana Regional MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Indiana Regional MLS

MLS Number: 202420525

Indiana Regional MLS