NOT LISTED FOR SALE

2207 S Walnut St Muncie, IN 47302

Thomas Park-Avondale Neighborhood

Estimated Value: $74,000 - $76,359

6 Beds
3 Baths
2,136 Sq Ft
$35/Sq Ft Est. Value

Last Sold February 21, 2025

Last sale price $75,000 $35 Per Sq Ft

Est. 1% decrease in value since last sale

Current estimated payment $523/month

17 Days on Market

About This Home

As of February 2025

Investment opportunity with this fully occupied triplex generating $1,800/month in rental income! Conveniently located in an up-and-coming area, this property features three units. Two 1-bedroom/1-bath units and One 2-bedroom unit/1 bath unit. The utilities are not separate, and the owner pays all utilities. The average monthly utility cost is $175-$300 depending on the month. Tenant in Unit#1($500 rent) is on a month-to-month lease, Tenant in Unit#2($600 rent) is on a year lease and doesn't plan to leave anytime soon. The tenant in Unit#3($700 rent) is on a 6-month lease and plans to renew. The property is being sold AS-IS and owner will not make any repairs. This is a great property to add to your portfolio. 48-hour notice for all showings and only Unit #3 is available to tour until an offer is accepted!

Last Agent to Sell the Property

Danielle Shouse

Shouse Realty Group LLC Brokerage Email: danielle@shouserealtygroup.com License #RC52400138 Listed on: 12/26/2024

Shouse Realty Group LLC

Last Buyer's Agent

Dentric Vance

Shouse Realty Group LLC License #RB19000713

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,106

Year Built

  • Built in 1900

Lot Details

  • 3,750

Parking

  • 2 Car Detached Garage

Home Design

  • Triplex
  • Vinyl Siding

Schools

  • Southside Middle School
  • Muncie Central High School

Additional Features

  • 2-Story Property
  • 3,750 Sq Ft Lot
  • Basement

Community Details

  • No Laundry Facilities

Listing and Financial Details

  • Tenant pays for rent only
  • The owner pays for all utilities
  • Legal Lot and Block 2,3 / 128
  • Assessor Parcel Number 181121241008000003
  • Seller Concessions Offered

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,106

Year Built

Built in 1900

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • New Construction: No
  • Tax Year: 2023
  • Year Built: 1900
  • Lot Size Acres: 0.09
  • Subdivision Name: No Subdivision
  • Transaction Type: Sale
  • Conversion: No
  • Price Unit: 25000
  • MBR_AttributionContact: danielle@shouserealtygroup.com
  • Attribution Contact: danielle@shouserealtygroup.com
  • Special Features: None

Interior Features

  • Basement: Yes
  • Levels: Two
  • Owner Pays: All Utilities
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Construction Materials: Vinyl Siding
  • List Price: 85000
  • Road Access: Not Applic

Garage/Parking

  • Garage Spaces: 2
  • Parking Features: Detached
  • Unit Parking: 1 Car Space

Utilities

  • Laundry Features: No Laundry Facil.
  • Solid Waste: No

Fee Information

  • Expenses: 4060

Schools

  • Middle Or Junior School: Southside Middle School

Lot Info

  • Lot Features: Access
  • Current Use: Apt<20
  • Lot Size Sq Ft: 3750
  • Parcel Number: 181121241008000003
  • Acres: <1/4 Acre
  • Price Acre: 833333

Green Features

  • Green Certification Y N: No

Rental Info

  • Tenant Pays: Rent Only

Multi Family

  • Net Operating Income: 16700
  • Gross Income: 21600
  • Insurance Expense: 840
  • Number Of Units Total: 3

Tax Info

  • Tax Annual Amount: 1106
  • Tax Block: 128
  • Tax Lot: 2,3
  • Semi Annual Property Tax Amt: 553

MLS Schools

  • High School: Muncie Central High School

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 26, 2024
Closed on
Feb 21, 2025
Sold by
Shouse Property Group Llc
Bought by
Rios Manuel
Seller's Agent
Danielle Shouse
Shouse Realty Group LLC
Buyer's Agent
Dentric Vance
Shouse Realty Group LLC
List Price
$85,000
Sold Price
$75,000
Premium/Discount to List
-$10,000
-11.76%
Views
42
Current Estimated Value
$74,590

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$410
Avg. Annual Appreciation
16.31%

Purchase Details

Closed on
May 18, 2022
Sold by
Hoosier State Properties Llc
Bought by
Shouse Property Group Llc

Purchase Details

Listed on
May 13, 2019
Closed on
Jul 23, 2019
Sold by
Bowman Investments Llc
Bought by
Hoosier State Properties Llc
Seller's Agent
Heather Clemmons
Starr Real Estate LLC
Buyer's Agent
Heather Clemmons
Starr Real Estate LLC
List Price
$33,900
Sold Price
$24,600
Premium/Discount to List
-$9,300
-27.43%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
21.78%

Purchase Details

Closed on
Nov 7, 2007
Sold by
Bowman Jerry and Jerry Bowman Family Trust
Bought by
Bowman Investments Llc

Purchase Details

Closed on
Mar 29, 2007
Sold by
Neal Joyce
Bought by
Bowman Jerry and The Jerry Bowman Family Trust
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Rios Manuel $75,000 None Listed On Document
Shouse Property Group Llc $20,000 Stauffer Terry A
Hoosier State Properties Llc -- None Available
Bowman Investments Llc -- None Available
Bowman Jerry -- None Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/21/2025 02/21/25 Sold $75,000 -11.8% $35 / Sq Ft
01/12/2025 01/12/25 Pending -- -- --
12/26/2024 12/26/24 For Sale $85,000 +245.5% $40 / Sq Ft
07/24/2019 07/24/19 Sold $24,600 -27.4% $11 / Sq Ft
06/06/2019 06/06/19 Pending -- -- --
05/13/2019 05/13/19 For Sale $33,900 -- $16 / Sq Ft
Source: MIBOR Broker Listing Cooperative®

Tax History Compared to Growth

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 $1,304 $59,300 $3,900 $55,400
2023 $1,106 $49,400 $3,200 $46,200
2022 $1,116 $49,900 $3,200 $46,700
2021 $1,116 $49,900 $3,700 $46,200
2020 $810 $34,600 $3,700 $30,900
2019 $810 $34,600 $3,700 $30,900
2018 $862 $37,200 $4,100 $33,100
2017 $866 $37,400 $4,500 $32,900
2016 $866 $37,400 $4,500 $32,900
2014 $1,149 $54,800 $5,000 $49,800
2013 -- $54,300 $5,000 $49,300
Source: Public Records

Agents Affiliated with this Home

  • Danielle Shouse

    Seller's Agent in 2025

    Danielle Shouse

    Shouse Realty Group LLC

    (480) 226-1817

    3 in this area

    105 Total Sales

    Danielle Shouse
    Section Image

  • D

    Buyer's Agent in 2025

    Dentric Vance

    Shouse Realty Group LLC

    2 in this area

    11 Total Sales

    Dentric Vance
    Section Image
  • Heather Clemmons

    Seller's Agent in 2019

    Heather Clemmons

    Starr Real Estate LLC

    (765) 288-1711

    31 in this area

    503 Total Sales

    Heather Clemmons
    Section Image
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Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: 22015951

MIBOR Broker Listing Cooperative®

APN: 18-11-21-241-008.000-003

Indiana Delaware County Muncie 47302 Thomas Park-Avondale

2207 S Walnut St, Muncie, IN

This home is located at 2207 S Walnut St, Muncie, IN 47302 since 26 December 2024 and is currently estimated at $74,590, approximately $34 per square foot. This property was built in 1900. 2207 S Walnut St is a home located in Delaware County with nearby schools including South View Elementary School, Muncie Central High School, and Southside 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.

MIBOR Broker Listing Cooperative® Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.

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