$180,000

Estimated payment $1,116/month

Total Views 2,336
4 Beds
4 Baths
2,050 Sq Ft
$88 Price per Sq Ft

About This Home

Multi-unit investment opportunity featuring a duplex and two single-family homes on one parcel. All four 1 bed, 1 bath units have been updated in the last couple of years. Two units are currently rented, offering immediate income potential. Each unit has a private entrance, off-street parking, and low-maintenance exterior. Great addition to any rental portfolio.

Listing Agent

Katie Franklin

CRM Properties, Inc Brokerage Phone: 765-459-8034 Listed on: 05/27/2025

Co-Listing Agent

Audra Cannon

CRM Properties, Inc Brokerage Phone: 765-459-8034

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,350

Year Built

  • Built in 1920

Lot Details

  • 0.32 Acre Lot
  • Lot Dimensions are 1360x1020

Parking

  • 4 Parking Spaces

Home Design

  • Vinyl Construction Material

Interior Spaces

  • 2,050 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Full Bathrooms

Schools

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

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas

Listing and Financial Details

  • The owner pays for lawn maintenance, maintenance, sewer, water
  • Assessor Parcel Number 18-11-14-382-001.000-003

Community Details

Overview

  • 4 Units

Building Details

  • Insurance Expense $800
  • Maintenance Expense $2,000
  • Water Sewer Expense $1,300

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,350

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Year Built: 1920
  • Age: 105
  • Bedrooms: 4
  • Number Above Grade Bedrooms: 4
  • Total Bathrooms: 4
  • Total Full Bathrooms: 4
  • Legal Description: WALLS 2ND ADD EX E 100 FT 0.0000ACRES STR: 142010 IN: 227 OUT:
  • Parcel Number ID: 18-11-14-382-001.000-003
  • Platted: Yes
  • Monthly Gross Income: 2400
  • Year Taxes Payable: 2025
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Sq Ft: 2050
  • Total Finished Sq Ft: 2050
  • Above Grade Finished Sq Ft: 2050
  • Price Per Sq Ft: 87.8
  • Flooring: Finished
  • Number Of Ranges Ovens: 4

Exterior Features

  • Exterior: Vinyl
  • Stories: 2

Garage/Parking

  • Number Of Parking Spaces: 4

Utilities

  • Cooling: Central Air
  • Heating Fuel: Gas, Forced Air
  • Sewer: City
  • Water Utilities: City
  • Annual Insurance Expense: 800
  • Annual Maintenance Expense: 2000
  • Annual Water Sewer Expense: 1300

Schools

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

Lot Info

  • Lot Dimensions: 1360X1020
  • Estimated Lot Sq Ft: 13872
  • Estimated Lot Size Acres: 0.32

Rental Info

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

Tax Info

  • Total Assessed Value: 62200
  • Annual Property Tax: 1350

Multi Family

  • Gross Monthly Rent: 2400
  • Number Of Refrigerators: 4
  • Number Of Units: 4
  • Num Of1 Bedrooms: 4
  • Num Of Units Rented: 2

MLS Schools

  • High School: Central
  • Middle School: Southside
  • 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 $1,352 $62,200 $10,100 $52,100
2023 $1,364 $62,200 $10,100 $52,100
2022 $1,062 $62,700 $10,100 $52,600
2021 $1,002 $58,700 $10,100 $48,600
2020 $1,002 $58,700 $10,100 $48,600
2019 $1,002 $58,700 $10,100 $48,600
2018 $1,000 $58,600 $10,100 $48,500
2017 $938 $54,700 $10,100 $44,600
2016 $938 $54,700 $10,100 $44,600
2014 $849 $51,700 $7,600 $44,100
2013 -- $49,200 $7,600 $41,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/27/2025 05/27/25 For Sale $180,000 +157.1% $88 / Sq Ft
03/11/2022 03/11/22 Sold $70,000 0.0% $34 / Sq Ft
01/10/2022 01/10/22 Pending -- -- --
01/10/2022 01/10/22 For Sale $70,000 -- $34 / Sq Ft
Source: Indiana Regional MLS

Purchase History

Date Type Sale Price Title Company
Personal Reps Deed -- Trademark Title
Source: Public Records

Source: Indiana Regional MLS

MLS Number: 202519591

Indiana Regional MLS

APN: 18-11-14-382-001.000-003