PENDING
$10K PRICE DROP
402 W 7th St Muncie, IN 47302
Thomas Park-Avondale NeighborhoodEstimated payment $490/month
Total Views
14,277
1
Bed
1
Bath
--
Sq Ft
--
Price per Sq Ft
Highlights
- Ranch Style House
- 1 Car Detached Garage
- Forced Air Heating System
About This Home
Investor 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!
Listing Agent
Keller Williams Indpls Metro N Brokerage Email: peter@peterstewartrealty.com License #RB15000083 Listed on: 01/08/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $888
Year Built
- Built in 1924
Parking
- 1 Car Detached Garage
Home Design
- Quadruplex
- Ranch Style House
- Traditional Architecture
- Fixer Upper
Bedrooms and Bathrooms
- 1 Bedroom
- 1 Bathroom
Additional Features
- 7,750 Sq Ft Lot
- Forced Air Heating System
Listing and Financial Details
- The owner pays for sewer, water
- Tax Lot 6
- Assessor Parcel Number 181116433014000003
Map
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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 | $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
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/25/2025 06/25/25 | Pending | -- | -- | -- |
| 06/10/2025 06/10/25 | Off Market | $75,000 | -- | -- |
| 06/10/2025 06/10/25 | For Sale | $75,000 | 0.0% | -- |
| 05/27/2025 05/27/25 | Off Market | $75,000 | -- | -- |
| 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% | -- |
| 02/18/2019 02/18/19 | For Sale | $55,000 | -- | -- |
Source: MIBOR Broker Listing Cooperative®
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | Hall Render Killian Heath & Ly | |
| Warranty Deed | -- | In Title | |
| Warranty Deed | -- | None Available | |
| Warranty Deed | -- | In Title |
Source: Public Records
Similar Homes in Muncie, IN
Source: MIBOR Broker Listing Cooperative®
MLS Number: 22017122
APN: 18-11-16-433-014.000-003
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Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
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