$349,900
$10K PRICE DROP

Estimated payment $2,255/month

Total Views 4,569
11 Beds
5 Baths
1,308 Sq Ft
$268 Price per Sq Ft

Highlights

  • 8 Car Detached Garage
  • Multiple cooling system units
  • Level Lot

About This Home

4 single family rental homes for sale. Currently below market rents at $3,455 per month. 2025 taxes $4,892. 3 homes are located Muncie, IN and 1 home located in Daleville, IN. (2511 E 13th St, Muncie, IN - $850/month) (27 W Orchard, Muncie, IN - $750/month) (3312 E 16th - $860/month) (8501 S Walnut, Daleville, IN - $995/month). Nice portfolio of homes with value add potential. All currently 100% occupied.

Listing Agent

Ryan Kramer

RE/MAX Real Estate Groups Brokerage Phone: 765-717-2489 Listed on: 07/25/2025

RE/MAX Real Estate Groups

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,900

Year Built

  • Built in 1898

Lot Details

  • 8,712 Sq Ft Lot
  • Lot Dimensions are 67x132
  • Level Lot

Parking

  • 8 Car Detached Garage

Home Design

  • Slab Foundation

Interior Spaces

  • 1,308 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 11 Bedrooms
  • 5 Full Bathrooms

Partially Finished Basement

  • Basement Fills Entire Space Under The House
  • Crawl Space

Schools

  • Daleville Elementary And Middle School
  • Daleville High School

Utilities

  • Multiple cooling system units
  • Heating System Uses Gas

Listing and Financial Details

  • Assessor Parcel Number 181312278003000026

Community Details

Overview

  • 4 Buildings
  • 4 Units

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 4 Separate Water Meters
  • Insurance Expense $4,000
  • Maintenance Expense $4,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,900

Year Built

Built in 1898

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Year Built: 1898
  • Age: 127
  • Bedrooms: 11
  • Number Above Grade Bedrooms: 11
  • Total Bathrooms: 5
  • Total Full Bathrooms: 5
  • Legal Description: LEROY DAVIS 1ST ADD BLK 3 E154 FT OF LOT 1
  • Parcel Number ID: 181312278003000026
  • Platted: Yes
  • Monthly Gross Income: 3455
  • Year Taxes Payable: 2025
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Sq Ft: 1308
  • Total Finished Sq Ft: 1308
  • Above Grade Finished Sq Ft: 1308
  • Price Per Sq Ft: 267.51
  • Basement: Yes
  • Basement Foundation: Crawl, Slab, Partial Basement, Full Basement

Exterior Features

  • Stories: 2

Garage/Parking

  • Number Of Parking Spaces: 8

Utilities

  • Cooling: Multiple Cooling Units
  • Heating Fuel: Gas
  • Sewer: City
  • Water Utilities: City
  • Annual Insurance Expense: 4000
  • Annual Maintenance Expense: 4000
  • Number Electric Meters: 4
  • Number Gas Meters: 4
  • Number Of W D Hookups: 4
  • Number Water Meters: 4

Schools

  • School District: Daleville Community Schools
  • Elementary School: Daleville
  • Middle School: Daleville
  • High School: Daleville
  • Elementary School: Daleville

Lot Info

  • Lot Description: Level
  • Lot Dimensions: 67x132
  • Estimated Lot Sq Ft: 8712
  • Estimated Lot Size Acres: 0.2

Rental Info

  • Lease Term: Negotiable

Multi Family

  • Gross Monthly Rent: 3455
  • Number Of Units: 4
  • Num Of2 Bedrooms: 1
  • Number Of 3 Bedrooms: 3
  • Num Of Units Rented: 4

Tax Info

  • Annual Property Tax: 4900

MLS Schools

  • High School: Daleville
  • Middle School: Daleville
  • School District: Daleville Community Schools

Map

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area





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 $1,338 $94,300 $11,300 $83,000
2023 $974 $74,200 $10,300 $63,900
2022 $1,446 $71,800 $10,300 $61,500
2021 $576 $28,300 $7,400 $20,900
2020 $510 $25,000 $7,400 $17,600
2019 $518 $52,900 $7,400 $45,500
2018 $1,131 $53,800 $8,000 $45,800
2017 $1,123 $54,700 $8,700 $46,000
2016 $1,172 $57,100 $8,700 $48,400
2014 $1,135 $55,800 $8,700 $47,100
2013 -- $58,100 $8,700 $49,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/04/2025 09/04/25 Price Changed $349,900 -2.8% $268 / Sq Ft
07/25/2025 07/25/25 For Sale $359,900 +1233.0% $275 / Sq Ft
08/18/2017 08/18/17 Sold $27,000 -15.6% $21 / Sq Ft
08/14/2017 08/14/17 Pending -- -- --
06/19/2017 06/19/17 For Sale $32,000 -- $24 / Sq Ft
Source: Indiana Regional MLS

Purchase History

Date Type Sale Price Title Company
Warranty Deed -- Wesley James R
Deed -- --
Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $210,000 New Conventional
Source: Public Records

Source: Indiana Regional MLS

MLS Number: 202529283

Indiana Regional MLS

APN: 18-13-12-278-003.000-026