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    1501 W Main St Muncie, IN 47303

    Pending
    For Sale
    $289,900

    Sixplex - Muncie, IN

    Property size:
    3,331 SF
    Lot size:
    0.16 Acres
    Days on Market:
    37
    Last Refresh:
    Dec 5 at 8:06 am

    Property Features for 1501 W Main St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Pending
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Bedrooms
    8
    Bathrooms
    6
    APN
    181109361007000003
    EntryLevel
    Main,Upper
    Exterior features
    Off Street Parking, None
    Size
    3,331 SF
    Lot size
    0.16 Acres

    Utilities

    Heating system
    Baseboard, Electric (Heating), Forced Air, Natural Gas

    Building Details

    Floors in Building
    2
    Number of units
    6
    Flooring type
    Laminate
    Roof type
    Shingle
    Architectural style
    Other

    RE/MAX Real Estate Groups (765) 288-0400 [email protected]

    Listing agent Ryan Kramer (765) 288-0400 License #RB14042267

    Listing date Oct 30, 2025

    MLS# 202539731 Listing URL

    Copyright © 2025 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.

    Overview

    Muncie Sixplex Near Ball State

    This six-unit building is located in Muncie, Indiana, near Ball State University and Ball Memorial Hospital. The property consists of 3,331 square feet situated on a 0.16-acre lot. The building features three units upstairs, accessed by a common area stairwell, and three units on the main level. Ample parking is available at the rear of the property. The property generates a gross monthly income of $3,490.
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Muncie
    County
    Delaware
    State
    Indiana
    Longitude
    -85.403514
    Latitude
    40.194034

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    FAQs

    What type of property is this?
    Apartment building - Six-unit building near Ball State, grossing $3,490 monthly.
    Where is this apartment building located?
    The property is located at 1501 W Main St Muncie, IN.
    What is the asking price?
    The asking price for this property is $289,900.
    What are key features of this property?
    This property features: - Income-generating property grossing $3,490/month.; - Located near Ball State University and Ball Memorial Hospital.; - Six individual units.
    (765) 288-0400
    Request Owner's contact information
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1501 W Main St Muncie, IN 47303
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