2413 S Gharkey St Muncie, IN 47302
Thomas Park-Avondale NeighborhoodEstimated payment $730/month
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!
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
Schools
- Grissom Elementary School
- Northside Middle School
- Muncie Central High School
Utilities
- Forced Air Heating System
- Heating System Uses Propane
Listing and Financial Details
- The owner pays for taxes, sewer, water
- Assessor Parcel Number 181121252009000003
Map
Home Values in the Area
Average Home Value in this Area
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 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 11/13/2025 11/13/25 | Price Changed | $119,900 | -7.7% | -- | |
| 10/10/2025 10/10/25 | Price Changed | $129,900 | -7.2% | -- | |
| 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 | View Prior Sale |
| 09/10/2021 09/10/21 | Pending | -- | -- | -- | |
| 08/12/2021 08/12/21 | For Sale | $89,900 | -- | $37 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | None Listed On Document | |
| Quit Claim Deed | $40,000 | -- |
Source: MIBOR Broker Listing Cooperative®
MLS Number: 22065237
APN: 18-11-21-252-009.000-003
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