$110,000
SOLD MAR 4, 2025

511 E Jackson St Muncie, IN 47305

East Central Neighborhood
3 Beds
3 Baths
2,448 Sq Ft
4,356 Sq Ft Lot

Recently Sold

$45 Per Sq Ft

4% Below List Price

22 Days on Market

Highlights

  • Eat-In Kitchen
  • Level Lot
  • 2-minute walk to Cornerstone Park

About This Home

As of March 2025

Great investment opportunity! This 3 unit property includes 3 1 BR 1 BA units. Updates have been completed including a water heater and many units have recent flooring and paint.. Total rents are $2,250 per month. Owner pays utilities. Can be bought in a package with 509 E Jackson St. Located near downtown Muncie and only minutes from shopping and restaurants. Don't miss out on this income producing property!

Last Agent to Sell the Property

Aaron Orr

RE/MAX Real Estate Groups Brokerage Phone: 765-212-1111 Listed on: 12/16/2024

RE/MAX Real Estate Groups

Last Buyer's Agent

Diana Martin

NonMember MEIAR

NonMember MEIAR

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,330

Year Built

  • Built in 1885

Lot Details

  • 4,356 Sq Ft Lot
  • Lot Dimensions are 35x125
  • Level Lot

Parking

  • 4 Parking Spaces

Home Design

  • Triplex

Interior Spaces

  • 2-Story Property
  • Crawl Space
  • Eat-In Kitchen

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Full Bathrooms

Schools

  • East Washington Academy Elementary School
  • Southside Middle School
  • Central High School

Utilities

  • Heating System Uses Gas
  • Heating System Mounted To A Wall or Window

Listing and Financial Details

  • The owner pays for electric, fuel, sewer, trash collection, water
  • Assessor Parcel Number 18-11-15-126-003.000-003

Community Details

Overview

  • 3 Units

Building Details

  • Electric Expense $2,335
  • Fuel Expense $1,293
  • Insurance Expense $1
  • Maintenance Expense $1,382
  • Trash Expense $1
  • Water Sewer Expense $1,659

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,330

Year Built

Built in 1885

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Triplex
  • Year Built: 1885
  • Style: Two Story
  • Bedrooms: 3
  • Total Bathrooms: 3
  • Total Full Bathrooms: 3
  • Legal Description: COFF 1 ADD W HLF ALLEY ADJ E 30 1/2 LOT 3-4
  • Parcel Number ID: 18-11-15-126-003.000-003
  • Platted: Yes
  • Amenities: Eat-In Kitchen
  • Special Features: None

Interior Features

  • Total Sq Ft: 2448
  • Total Finished Sq Ft: 2448
  • Above Grade Finished Sq Ft: 2448
  • Basement Foundation: Crawl
  • Main Level Sq Ft: 1584
  • Number Of Ranges Ovens: 3

Exterior Features

  • Stories: 2

Garage/Parking

  • Number Of Parking Spaces: 4

Utilities

  • Heating Fuel: Gas, Wall Heater
  • Sewer: City
  • Water Utilities: City
  • Annual Electric: 2335.38
  • Annual Fuel Expense: 1292.61
  • Annual Insurance Expense: 1
  • Annual Maintenance Expense: 1381.8
  • Annual Trash Expense: 1
  • Annual Water Sewer Expense: 1659.2

Schools

  • Elementary School: East Washington Academy

Lot Info

  • Lot Description: Level
  • Lot Dimensions: 35x125
  • Estimated Lot Sq Ft: 4356
  • Estimated Lot Size Acres: 0.1

Rental Info

  • Lease Term: 1 Year
  • Owner Pays: Electric, Fuel, Sewer, Trash Collection, Water

Tax Info

  • Annual Property Tax: 1330

Multi Family

  • Number Of Refrigerators: 3
  • Number Of Units: 3
  • Num Of1 Bedrooms: 3

MLS Schools

  • High School: Central
  • Middle School: Southside
  • School District: Muncie Community Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 1, 2020
Sold by
Stout Senior Trust
Bought by
Charlie I Properties Llc
Current Estimated Value
$118,667
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed -- None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/04/2025 03/04/25 Sold $110,000 -4.3% $45 / Sq Ft
01/07/2025 01/07/25 Pending -- -- --
12/16/2024 12/16/24 For Sale $114,900 -- $47 / Sq Ft
Source: Indiana Regional MLS

Tax History Compared to Growth

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 $1,953 $87,600 $9,400 $78,200
2023 $1,438 $66,500 $7,800 $58,700
2022 $1,308 $60,000 $11,300 $48,700
2021 $1,426 $65,900 $11,400 $54,500
2020 $1,206 $54,900 $9,500 $45,400
2019 $1,288 $59,000 $9,500 $49,500
2018 $1,220 $55,600 $8,600 $47,000
2017 $1,180 $53,600 $7,500 $46,100
2016 $1,136 $51,400 $7,500 $43,900
2014 $1,003 $48,000 $7,100 $40,900
2013 -- $47,600 $7,100 $40,500
Source: Public Records

Agents Affiliated with this Home

  • Aaron Orr

    Seller's Agent in 2025

    Aaron Orr

    RE/MAX

    (765) 212-1111

    4 in this area

    709 Total Sales

    Aaron Orr
    Section Image
  • Diana Martin

    Buyer's Agent in 2025

    Diana Martin

    NonMember MEIAR

    (765) 747-7197

    21 in this area

    3,714 Total Sales

    Diana Martin
    Section Image
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Map

Source: Indiana Regional MLS

MLS Number: 202447328

Indiana Regional MLS

APN: 18-11-15-126-003.000-003

Indiana Delaware County Muncie 47305 East Central

511 E Jackson St, Muncie, IN

Sold

MultiFamily

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Indiana Regional MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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