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Muncie, IN Apartment Buildings for Sale

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Renovated Apartment Portfolio with Commercial Space
Updated: Feb 7
Renovated Apartment Portfolio with Commercial Space

1517 S Walnut Street, Muncie, IN 47302

$525,000
5,300 sqft
Walnut Street apartment portfolio with 10 renovated apartment units plus 2 units undergoing rehab across several adjacent structures
Includes a vacant commercial space with a garage, offering potential for additional income via lease‑up or conversion to units
5,300 rentable SF on a 0.41‑acre site, including parcels 1513–1525 S Walnut St
Extensive capital improvements: major structural, mechanical, electrical, and cosmetic upgrades with new flat roofs
All siding and windows replaced; full electrical system re‑wired with new meters; plumbing upgrades and new interior finishes in renovated units
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13-Unit Multifamily Property
Updated: May 4
13-Unit Multifamily Property

1517 S Walnut Street, Muncie, IN 47302

$505,000
13‑unit multifamily asset in Muncie, Indiana
Built in 1948
Positioned for modernization/value‑add per the provided remarks
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Apartment Building with 9 Units
Apartment Building with 9 Units

1924 W Jackson, Muncie, IN 47303

Contact for pricing

Apartment building with nine units, including one three-bedroom, four one-bedroom, and four studio units.

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Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
Based on your search, we've compiled 80 Potential Opportunities for your consideration. Besides 3 Active listings in Muncie, IN, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 69 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

All-Brick Two-Story 8-Unit Apartment
All-Brick Two-Story 8-Unit Apartment

1120 E 30th Street, Anderson, IN 46016

$339,000
7,344 sqft

Value-add 8-unit building with all-brick construction, street-to-street lot, and separately metered electricity and gas.

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Five-Unit Mixed-Use Building
Five-Unit Mixed-Use Building

28 N Washington Street, Knightstown, IN 47362

$325,000
7,872 sqft 0.10 AC lot

Five-unit property with fully renovated residential units and updated bathrooms, with utilities separately metered for tenants.

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Versatile Mixed-Use Property For Sale
Versatile Mixed-Use Property For Sale

2500 E 10th St, Anderson, IN 46012

$595,000

Mixed-use property with commercial, industrial, and residential spaces.

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Five-Unit Mixed-Use Building
Five-Unit Mixed-Use Building

28 N Washington Street, Knightstown, IN 46148

$325,000
0.10 AC lot

Updated five-unit building with individually metered gas and electric, plus owner-paid water.

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Potential Development Sites for Consideration

Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

Asheville Development Opportunity: 5.94 Acres
Asheville Development Opportunity: 5.94 Acres

215 N Bear Creek Road, Asheville, NC 28806

$2,500,000
5.94 AC lot

5.94-acre parcel zoned RM6, ideal for multi-family development.

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Land Near Shepherd University
Land Near Shepherd University

8285 MARTINSBURG Pike, Shepherdstown, WV 25443

$650,000
3.70 AC lot

Prime land near Shepherd University with development potential.

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Greenville Development Opportunity: 1.33 Acres
Greenville Development Opportunity: 1.33 Acres

71 Salters Road, Greenville, SC 29607

$699,900
1.33 AC lot

1.33 acre parcel suitable for multi-family development near downtown.

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Central Business Zoned Development Land
Central Business Zoned Development Land

107 HOWARD Street, La Plata, MD 20646

$250,000
0.23 AC lot

Central Business zoned parcel with plans for a three-story mixed-use building and 15 parking spaces.

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Off-Market Properties in Muncie, IN

Consider similar Off-Market properties in Muncie, IN. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

109 Main St
APARTMENT HOUSE (UNDER 5 UNITS)

109 Main St, Muncie, IN 47305-2817

Value Estimation by Request
4,992 sqft 0.05 AC lot
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2824 Memorial Dr
APARTMENT HOUSE (UNDER 5 UNITS)

2824 Memorial Dr, Muncie, IN 47302-4700

Value Estimation by Request
2,912 sqft 0.33 AC lot
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1806 Purdue Ave
APARTMENT HOUSE (UNDER 5 UNITS)

1806 Purdue Ave, Muncie, IN 47304-1453

Value Estimation by Request
4,680 sqft 0.48 AC lot
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1110 Snowmass Ln, Unit 1116
APARTMENT HOUSE (UNDER 5 UNITS)

1110 Snowmass Ln, Muncie, IN 47304-5008

Unit 1116
Value Estimation by Request
5,444 sqft 0.32 AC lot
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1410 Bowman St
APARTMENT HOUSE (UNDER 5 UNITS)

1410 Bowman St, Muncie, IN 47304-2792

Value Estimation by Request
2,430 sqft 0.15 AC lot
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220 Walnut St
APARTMENT HOUSE (UNDER 5 UNITS)

220 Walnut St, Muncie, IN 47305-1720

Value Estimation by Request
7,424 sqft 0.09 AC lot
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1921 8th St
APARTMENT HOUSE (UNDER 5 UNITS)

1921 8th St, Muncie, IN 47302-2185

Value Estimation by Request
2,204 sqft 0.23 AC lot
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2001 Enterprise Ave
APARTMENT HOUSE (UNDER 5 UNITS)

2001 Enterprise Ave, Muncie, IN 47304-5800

Value Estimation by Request
2,400 sqft 0.47 AC lot
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109 Council St
APARTMENT HOUSE (UNDER 5 UNITS)

109 Council St, Muncie, IN 47305-1583

Value Estimation by Request
3,858 sqft 0.14 AC lot
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6215 Taylor Rd
APARTMENT HOUSE (UNDER 5 UNITS)

6215 Taylor Rd, Muncie, IN 47304-4771

Value Estimation by Request
10,984 sqft 0.83 AC lot
View details
5500 Keller Rd
APARTMENT HOUSE (UNDER 5 UNITS)

5500 Keller Rd, Muncie, IN 47304-8946

Value Estimation by Request
6,254 sqft 0.47 AC lot
View details
217 Cherry St
APARTMENT HOUSE (UNDER 5 UNITS)

217 Cherry St, Muncie, IN 47305-1506

Value Estimation by Request
1,776 sqft 0.12 AC lot
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2601 Everbrook Ln
APARTMENT HOUSE (UNDER 5 UNITS)

2601 Everbrook Ln, Muncie, IN 47304-5448

Value Estimation by Request
5,800 sqft 1.46 AC lot
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Nn Everbrook Ln 5408th N Everbrook L Ln
APARTMENT HOUSE (UNDER 5 UNITS)

Nn Everbrook Ln 5408th N Everbrook L Ln, Muncie, IN 47304

Value Estimation by Request
4,956 sqft 1.14 AC lot
View details
217 Martin St
APARTMENT HOUSE (UNDER 5 UNITS)

217 Martin St, Muncie, IN 47303-4926

$4,770,000
Estimated value
2,600 sqft 0.14 AC lot
View details
1525 Walnut St
APARTMENT HOUSE (UNDER 5 UNITS)

1525 Walnut St, Muncie, IN 47302-3266

Value Estimation by Request
1,320 sqft 0.06 AC lot
View details
402 Calvert St
APARTMENT HOUSE (UNDER 5 UNITS)

402 Calvert St, Muncie, IN 47303-3580

$960,000
Estimated value
3,058 sqft 0.26 AC lot
View details
100 Manhattan Ave
APARTMENT HOUSE (UNDER 5 UNITS)

100 Manhattan Ave, Muncie, IN 47303-5109

Value Estimation by Request
2,304 sqft 0.19 AC lot
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102 Manhattan Ave
APARTMENT HOUSE (UNDER 5 UNITS)

102 Manhattan Ave, Muncie, IN 47303-5109

Value Estimation by Request
2,208 sqft 0.19 AC lot
View details
2100 18th St
APARTMENT HOUSE (UNDER 5 UNITS)

2100 18th St, Muncie, IN 47302

Value Estimation by Request
3,024 sqft 2.07 AC lot
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106 Mckinley Ave
APARTMENT HOUSE (UNDER 5 UNITS)

106 Mckinley Ave, Muncie, IN 47303-4876

$590,000
Estimated value
4,256 sqft 0.12 AC lot
View details

Muncie, IN Apartment Buildings Market Trends and Statistics

Explore 72 apartment buildings for sale in Muncie, IN, showcased through 3 active listings on our real estate platform. These investment opportunities span a total of 5,300 square feet of properties for sale, with an estimated market value of $525,000.

Sale prices for two-family homes in Muncie, IN start at $525,000, averaging $525,000, and reaching up to $525,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Demographics Overview

Population 88K
Population Growth (5Y) -2.7%
Median Household Income $52,923
College Educated 37.1%

Taxes & Financing

Tax Rate (average for all types) 2.15%
Property Tax per SF $47.73 per SF
Tax Rate vs County Average 0.11 pp above county avg
Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Delaware County

New Delisted

Total CRE Inventory on Market (SF)

Property Size Breakdown

The majority of commercial real estate listings in Muncie fall within the 100,000+ square foot range.

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