2207 S Walnut St Muncie, IN 47302
Thomas Park-Avondale Neighborhood
--
Bed
--
Bath
2,136
Sq Ft
3,750
Sq Ft Lot
About This Home
As of February 2025Investment 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
Shouse Realty Group LLC Brokerage Email: danielle@shouserealtygroup.com License #RC52400138 Listed on: 12/26/2024
Last Buyer's Agent
Dentric Vance
Keller Williams Indy Metro NE License #RB19000713
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,106
Year Built
- Built in 1900
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
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
Keller Williams Indy Metro NE
List Price
$85,000
Sold Price
$75,000
Premium/Discount to List
-$10,000
-11.76%
Total Days on Market
17
Views
42
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$390
Avg. Annual Appreciation
-1.24%
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
20.23%
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
Similar Home in Muncie, IN
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $75,000 | None Listed On Document | |
| Warranty Deed | $20,000 | Stauffer Terry A | |
| Warranty Deed | -- | None Available | |
| Warranty Deed | -- | None Available | |
| Warranty Deed | -- | 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
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
-
D
Seller's Agent in 2025
Danielle Shouse
Shouse Realty Group LLC
-
D
Buyer's Agent in 2025
Dentric Vance
Keller Williams Indy Metro NE
-
H
Seller's Agent in 2019
Heather Clemmons
Starr Real Estate LLC
Map
Source: MIBOR Broker Listing Cooperative®
MLS Number: 22015951
APN: 18-11-21-241-008.000-003
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