Seller's Agent in 2025
Peter Stewart
Keller Williams Indpls Metro N
(317) 450-9202
2 in this area
450 Total Sales
402 W 7th St Muncie, IN 47302
Thomas Park-Avondale Neighborhood
1
Bed
1
Bath
--
Sq Ft
7,750
Sq Ft Lot
Highlights
- Ranch Style House
- 1 Car Detached Garage
- Forced Air Heating System
About This Home
As of September 2025Investor Alert! Discover a remarkable investment package conveniently located near downtown Muncie. Part of a broader offering of 19 units across 7 properties on 5 parcels (totaling $538K), this particular deal is a package of two duplexes on the same parcel for a total of 4 units. Buy only these properties, combine them with other listings, or acquire the entire portfolio. Flexibility is yours. The first duplex is situated at 1323-1325 W Liberty St and the second is located at 400-402 W 7th St, with a shared oversized 1 car garage between the two. They are both single level properties and all units features 1 bedroom and 1 bathroom, with electricity and gas separately metered. Water/sewer are currently on a shared meter, presenting an opportunity for utility restructuring to add additional value and enhance your ROI. Both properties need extensive work and are currently boarded up. All properties in this portfolio are vacant, offering a blank canvas for renovations. Condition levels vary, and the pricing reflects their as-is status-giving savvy investors a prime opportunity to add value and maximize returns. Located within about one mile of each other in and around downtown Muncie, these homes also benefit from convenient access to local amenities and public transportation, further enhancing rental demand. Whether you're looking to expand your portfolio with cash-flowing rentals or prefer a flip strategy, this package provides a golden chance to invest in a rapidly improving area. Don't miss out on these versatile properties-capitalize on this unique opportunity and grow your real estate portfolio today!
Last Agent to Sell the Property
Keller Williams Indpls Metro N License #RB15000083 Listed on: 01/08/2025
Last Buyer's Agent
Jordan Phillips
eXp Realty, LLC
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $888
Year Built
- Built in 1924
Parking
- 1 Car Detached Garage
Home Design
- Ranch Style House
- Fixer Upper
Bedrooms and Bathrooms
- 1 Bedroom
- 1 Bathroom
Additional Features
- 7,750 Sq Ft Lot
- Forced Air Heating System
Listing and Financial Details
- Tenant pays for electricity, gas
- The owner pays for sewer, water
- Tax Lot 6
- Assessor Parcel Number 181116433014000003
- Seller Concessions Not Offered
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jan 8, 2025
Closed on
Sep 5, 2025
Sold by
Muncie 20 Llc
Bought by
Wilson Acquisitions Llc
Seller's Agent
Peter Stewart
Keller Williams Indpls Metro N
Buyer's Agent
Jordan Phillips
eXp Realty, LLC
List Price
$75,000
Sold Price
$61,000
Premium/Discount to List
-$14,000
-18.67%
Views
60
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
731.83%
Purchase Details
Closed on
Aug 4, 2022
Sold by
Slm Indiana Investments Llc
Bought by
Muncie 20 Llc
Purchase Details
Listed on
Feb 18, 2019
Closed on
May 10, 2019
Sold by
Lmcc Real Estate Llc
Bought by
Slm Indiana Investments Llc
Seller's Agent
Kathryn Townsend
Dropped Members
Buyer's Agent
Donald Piersall
List Price
$55,000
Sold Price
$30,000
Premium/Discount to List
-$25,000
-45.45%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.05%
Purchase Details
Closed on
May 22, 2012
Sold by
Wilber Ricky
Bought by
Lmcc Real Estate Llc
Purchase Details
Closed on
Mar 14, 2012
Sold by
Smith Richard G and Smith Richard Gene
Bought by
Wilber Ricky
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 |
|---|---|---|---|
| Contract Of Sale | $51,000 | None Listed On Document | |
| Warranty Deed | -- | Hall Render Killian Heath & Ly | |
| Warranty Deed | -- | In Title | |
| Warranty Deed | -- | None Available | |
| Warranty Deed | -- | In Title |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 09/05/2025 09/05/25 | Sold | $61,000 | 0.0% | -- | |
| 06/25/2025 06/25/25 | Pending | -- | -- | -- | |
| 06/10/2025 06/10/25 | Off Market | $61,000 | -- | -- | |
| 06/10/2025 06/10/25 | For Sale | $75,000 | +23.0% | -- | |
| 05/27/2025 05/27/25 | Off Market | $61,000 | -- | -- | |
| 04/17/2025 04/17/25 | Price Changed | $75,000 | -11.8% | -- | |
| 01/08/2025 01/08/25 | For Sale | $85,000 | +183.3% | -- | |
| 05/10/2019 05/10/19 | Sold | $30,000 | -45.5% | -- | View Prior Sale |
| 02/18/2019 02/18/19 | For Sale | $55,000 | -- | -- |
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 | $988 | $44,000 | $4,200 | $39,800 |
| 2023 | $2,506 | $44,000 | $4,200 | $39,800 |
| 2022 | $996 | $44,400 | $4,200 | $40,200 |
| 2021 | $926 | $40,900 | $4,200 | $36,700 |
| 2020 | $866 | $37,900 | $4,200 | $33,700 |
| 2019 | $866 | $37,900 | $4,200 | $33,700 |
| 2018 | $920 | $37,900 | $4,200 | $33,700 |
| 2017 | $810 | $35,100 | $4,200 | $30,900 |
| 2016 | $810 | $35,100 | $4,200 | $30,900 |
| 2014 | $879 | $40,900 | $4,200 | $36,700 |
| 2013 | -- | $38,800 | $4,200 | $34,600 |
Source: Public Records
Agents Affiliated with this Home
-
Peter Stewart
-
J
Buyer's Agent in 2025
Jordan Phillips
eXp Realty, LLC
-
K
Seller's Agent in 2019
Kathryn Townsend
Dropped Members
-
D
Seller Co-Listing Agent in 2019
Donald Piersall
Map
Source: MIBOR Broker Listing Cooperative®
MLS Number: 22017122
APN: 18-11-16-433-014.000-003
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