$140,000

Estimated payment $840/month

7 Beds
2 Baths
-- Sq Ft
-- Price per Sq Ft

Highlights

  • View of Trees or Woods
  • Laundry Room
  • Forced Air Heating System
  • Mature Trees

About This Home

Opportunity knocks with this solid, income-producing duplex located in the heart of Muncie, Indiana! These duplex features two separate units, each fully rented with long-term tenants in place-offering immediate cash flow from day one. Each unit is on its own level (not a stacked setup!), with separate entrances for added privacy and convenience. The building spans two stories, but both units are single-level living spaces, making maintenance and tenant turnover simpler. The property is structurally sound, with the owner having completed important updates-most notably the addition of a sewer clean-out in the backyard approximately 2 years ago, helping ensure smooth operation and lower maintenance risk. While the home could benefit from some minor aesthetic updates, the bones are strong, and the layout provides a lot of upside potential. With just a few cosmetic improvements, this could be the perfect investment property or an ideal addition to your growing portfolio or a great starter. Don't miss this rare opportunity to invest in a duplex with great bones, income in place, and plenty of room to increase value over time. Schedule your showing or request more details today!

Listing Agent

Jim Gilday

eXp Realty, LLC License #RB14048800 Listed on: 09/26/2025

eXp Realty, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,176

Year Built

  • Built in 1954

Lot Details

  • 6,534 Sq Ft Lot
  • Rural Setting
  • Mature Trees

Property Views

  • Woods
  • Rural

Home Design

  • Duplex

Interior Spaces

  • 2-Story Property
  • Laundry Room
  • Basement

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 2 Bathrooms

Utilities

  • Forced Air Heating System
  • Heating System Uses Propane

Listing and Financial Details

  • The owner pays for taxes, sewer, water
  • Assessor Parcel Number 181121252009000003

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,176

Year Built

Built in 1954

Lot Details

0

Listing Details

  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • New Construction: No
  • Tax Year: 2024
  • Year Built: 1954
  • Lot Size Acres: 0.15
  • Structure Type: Duplex
  • Subdivision Name: No Subdivision
  • Transaction Type: Sale
  • Conversion: No
  • Special Features: None

Interior Features

  • Basement: Yes
  • Basement Type: Partially Finished
  • Levels: Two
  • Total Bathrooms: 2
  • Total Bedrooms: 7
  • Owner Pays: Taxes, Sewer, Water, Other

Exterior Features

  • Roof: Aluminum
  • View: Rural, Trees/Woods
  • View Y N: Yes
  • Waterfront: No
  • Road Access: See Remarks

Garage/Parking

  • Parking Features: Other
  • Unit Parking: 2 Car Garage

Utilities

  • Heating: Radiant, Forced Air, Propane
  • Laundry Features: Connections Some, Laundry Room
  • Security Features: Smoke Detector(s)
  • Solid Waste: Yes

Lot Info

  • Lot Features: Rural - Not Subdivision, Mature Trees, Trees-Small (Under 20 Ft)
  • Current Use: Residential
  • Lot Size Sq Ft: 6534
  • Parcel Number: 181121252009000003
  • Acres: <1/4 Acre

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Other

Multi Family

  • Net Operating Income: 874

Tax Info

  • Tax Annual Amount: 1176
  • Tax Lot: 0
  • Semi Annual Property Tax Amt: 588

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 $1,176 $52,900 $6,500 $46,400
2023 $1,056 $46,900 $5,400 $41,500
2022 $944 $41,300 $5,400 $35,900
2021 $846 $36,400 $4,200 $32,200
2020 $612 $24,700 $3,000 $21,700
2019 $638 $26,000 $4,300 $21,700
2018 $696 $28,900 $4,800 $24,100
2017 $642 $26,200 $4,400 $21,800
2016 $616 $24,900 $4,200 $20,700
2014 $719 $33,300 $5,200 $28,100
2013 -- $36,900 $5,200 $31,700
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/26/2025 09/26/25 For Sale $140,000 +84.2% --
10/01/2021 10/01/21 Sold $76,000 -15.5% $31 / Sq Ft
09/10/2021 09/10/21 Pending -- -- --
08/12/2021 08/12/21 For Sale $89,900 -- $37 / Sq Ft
Source: MIBOR Broker Listing Cooperative®

Purchase History

Date Type Sale Price Title Company
Warranty Deed -- None Listed On Document
Quit Claim Deed $40,000 --
Source: Public Records

Source: MIBOR Broker Listing Cooperative®

MLS Number: 22065237

MIBOR Broker Listing Cooperative®

APN: 18-11-21-252-009.000-003