409 N Pershing Dr Muncie, IN 47305
East Central NeighborhoodEstimated payment $582/month
Highlights
- 1 Fireplace
- Level Lot
- 2-minute walk to Cardinal Greenway
- Forced Air Heating System
About This Home
Great investment opportunity with this fully occupied multi-unit rental, featuring both front and back units. The front unit offers three bedrooms, while the rear unit includes one bedroom, providing flexible rental options. Both tenants are currently in place and have expressed interest in staying, allowing for immediate rental income from day one. This property is ideal for investors seeking steady cash flow with the added potential to increase value over time, through gradual updates and renovations. Professionally managed and well-maintained, this has proven to be a successful investment opportunity. Whether you’re expanding your portfolio or entering the investment market, this property offers both income and upside potential.
Listing Agent
RE/MAX Real Estate Groups Brokerage Phone: 765-717-2489 Listed on: 03/31/2026
Home Details
Home Type
- Single Family
Year Built
- Built in 1900
Lot Details
- 4,792 Sq Ft Lot
- Lot Dimensions are 40 x 125
- Level Lot
Parking
- Off-Street Parking
Interior Spaces
- 1.5-Story Property
- 1 Fireplace
- Partially Finished Basement
- Crawl Space
Bedrooms and Bathrooms
- 4 Bedrooms
- 2 Full Bathrooms
Schools
- Longfellow Elementary School
- Northside Middle School
- Central High School
Utilities
- Forced Air Heating System
- Heating System Uses Gas
Listing and Financial Details
- Assessor Parcel Number 18-11-10-378-019.000-003
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 |
|---|---|---|---|---|
| 2025 | $2,016 | $77,300 | $10,800 | $66,500 |
| 2024 | $2,016 | $64,500 | $10,800 | $53,700 |
| 2023 | $914 | $40,300 | $9,000 | $31,300 |
| 2022 | $888 | $39,000 | $13,000 | $26,000 |
| 2021 | $946 | $41,900 | $13,000 | $28,900 |
| 2020 | $806 | $34,900 | $10,800 | $24,100 |
| 2019 | $796 | $34,400 | $10,800 | $23,600 |
| 2018 | $756 | $32,400 | $9,900 | $22,500 |
| 2017 | $720 | $30,600 | $8,600 | $22,000 |
| 2016 | $698 | $29,500 | $8,600 | $20,900 |
| 2014 | $595 | $27,600 | $8,200 | $19,400 |
| 2013 | -- | $27,400 | $8,200 | $19,200 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 03/31/2026 03/31/26 | For Sale | $78,000 | -- | $54 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Interfamily Deed Transfer | -- | None Available | |
| Quit Claim Deed | -- | None Available | |
| Public Action Common In Florida Clerks Tax Deed Or Tax Deeds Or Property Sold For Taxes | $2,955 | None Available |
Source: Indiana Regional MLS
MLS Number: 202610808
APN: 18-11-10-378-019.000-003
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Ask me questions while you tour the home.