$86,228
SOLD SEP 5, 2025
3 Beds
2 Baths
5,575 Sq Ft
4,356 Sq Ft Lot

Recently Sold

$15 Per Sq Ft

18% Below List Price

168 Days on Market

About This Home

As of September 2025

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 quadplex. Buy only this property, combine it with other listings, or acquire the entire portfolio. Flexibility is yours. Situated at 802-808 W Charles St, this 4 unit property features two units on the bottom level and two units on top, with a common interior entry. Three units have 1 bedroom and 1 bathroom and one unit has 2 bedrooms and 1 bathroom. Electricity is separately metered. Gas and water/sewer are currently on a shared meter, presenting an opportunity for utility restructuring to add additional value and enhance your ROI. With some repairs and cosmetic updates, it can be quickly prepared for lease or resale. This specific property is located in the Old West End Historic District, which is currently experiencing a good amount of revitalization and is within walking distance of downtown and the central business district! 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

Peter Stewart

Keller Williams Indpls Metro N License #RB15000083 Listed on: 01/08/2025

Keller Williams Indpls Metro N

Last Buyer's Agent

Jordan Phillips

eXp Realty, LLC

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1900

Home Design

  • Fixer Upper

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Additional Features

  • 2-Story Property
  • 4,356 Sq Ft Lot
  • Forced Air Heating System
  • Basement

Community Details

  • Prouds Subdivision

Listing and Financial Details

  • Tenant pays for electricity
  • The owner pays for electricity, gas, sewer, water
  • Tax Lot 13
  • Assessor Parcel Number 181116207012000003
  • Seller Concessions Not Offered

Property Details

Home Type

Multi-Family

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Sub Type: Quadruplex
  • Architectural Style: Traditional
  • Property Type: Residential Income
  • New Construction: No
  • Tax Year: 2023
  • Year Built: 1900
  • Lot Size Acres: 0.1
  • Structure Type: Quadruplex
  • Subdivision Name: Prouds
  • Transaction Type: Sale
  • Conversion: Yes
  • Price Unit: 21557
  • Special Features: VirtualTour

Interior Features

  • Basement: Yes
  • Levels: Two
  • Total Bathrooms: 2
  • Total Bedrooms: 3
  • Owner Pays: Electricity, Gas, Sewer, Water
  • Gross Area Sq Ft: 3900

Exterior Features

  • List Price: 104900
  • Property Condition: Fixer
  • View Y N: No
  • Waterfront: No
  • Road Access: Not Applic

Garage/Parking

  • Unit Parking: On Street

Utilities

  • Cooling: None
  • Heating: Forced Air
  • Solid Waste: Yes

Fee Information

  • Expenses: 0

Lot Info

  • Additional Parcels: No
  • Lot Size Sq Ft: 4356
  • Parcel Number: 181116207012000003
  • Acres: <1/4 Acre
  • Price Acre: 862280

Rental Info

  • Tenant Pays: Electricity

Multi Family

  • Number Of Units Total: 4

Tax Info

  • Tax Annual Amount: 3254
  • Tax Lot: 13
  • Semi Annual Property Tax Amt: 1627
  • Tax Exemption: None

Range of Values:

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Average Value
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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

Property History

Date Event Price Change Sq Ft Price
09/05/2025 09/05/25 Sold $86,228 0.0% $15 / Sq Ft
06/25/2025 06/25/25 Pending -- -- --
06/10/2025 06/10/25 Off Market $86,228 -- --
06/10/2025 06/10/25 For Sale $104,900 +21.7% $19 / Sq Ft
05/27/2025 05/27/25 Off Market $86,228 -- --
04/17/2025 04/17/25 Price Changed $104,900 -8.8% $19 / Sq Ft
01/08/2025 01/08/25 For Sale $115,000 -- $21 / Sq Ft
Source: MIBOR Broker Listing Cooperative®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: 22015528

MIBOR Broker Listing Cooperative®