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Duplex Requiring Renovation
For Sale
$42,500

1205 S Jefferson Street, Muncie, IN 47302

MULTI_FAMILY - Muncie, IN

Property Size1,876 SF
Lot Size0.11 Acres
Price / SF$22.65
Days on Market51

Property Features for 1205 S Jefferson Street

General Information

Property type Residential Multi Family
Property subtype Duplex
Bedrooms 3
Bathrooms 2
Full bathrooms 2
Rooms Basement, Bathroom 2, Bedroom 2, Bedroom 1, Bathroom 1, Bedroom 3
Basement Block
Subdivision Gray(s)
Lot features Slope
Elementary school Southview
Middle school Southside
High school Central
Elementary school district Muncie Community Schools
Middle school district Muncie Community Schools
High school district Muncie Community Schools
Directions South Walnut, right on E 6th St, left on S Jefferson, property on left.
Standard status Active
APN 18-11-15-303-021.000-003
Size 1,876 SF
Lot size 0.11 Acres

Taxes and HOA fees

Tax Year 2026
Tax Description SWAIN SUB LOT 3
Legal Description SWAIN SUB LOT 3

Building Details

Year built 1898
Floors in Building 2
Number of units 2
Flooring type Laminate, Wood
Architectural style Other
Listing Agency: NextHome Elite Real Estate
Listed By: James Meredith · License #RB24001350
Added: Jul 10 Changed: Aug 4 Last Checked: Aug 29 at 2:06PM
MLS# 202627555

Copyright © 2026 Mid-Eastern Indiana Association of Realtor MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This two-unit duplex at 1205 S Jefferson Street is being sold as-is and is ready for a complete renovation. The property features two separate units, providing flexibility for dual rental use, owner-occupancy in one unit while renting the other, or exploring conversion back to a single-family home. Interior flooring includes wood and laminate. The layout includes bedrooms and two bathrooms, along with a basement.

Set on a 0.11-acre lot, the duplex totals 1,876 square feet and was built in 1898. The home is in Muncie, Indiana, in Delaware County.

The property is well-suited for investors or contractors looking to bring it back through a full rehab plan, with the current condition and scope of work left to the next owner’s vision.

Key Highlights

  • Two separate units in a duplex sold as‑is
  • Complete renovation needed
  • Wood and laminate flooring

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Dental Office Computer & Electronic Repair Parking Lot & Garage Food Market (Bike/Boat/Book/etc) Store Cafe & Coffee Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

757
Businesses Nearby

Demographics for 47302, IN

25,704
Population
12,625
Households
2
Avg Household Size
42
Median Age
12%
College-Educated
86%
High-School Grad
65.2 sq mi
ZIP Area
394
Density / Sq Mi
$47,185
Median Household Income
$31,795
Median Earnings
$865
Median Rent
$70,800
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Duplex - Duplex sold as-is with two separate units and wood and laminate flooring, built in 1898.
Where is this duplex located?
The property is located at 1205 S Jefferson Street Muncie, IN.
What is the asking price?
The asking price for this property is $42,500.
What are key features of this property?
This property features: Two separate units in a duplex sold as‑is; Complete renovation needed; Wood and laminate flooring
More about this property
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