Building Details

Year built 1890

Flooring type Laminate, Tile

Roof type Shingle

Listing Agency: F.C. Tucker Muncie, REALTORS · Tucker Associates m***@aol.com Show Phone

Listed By: Ed Conatser · License #RB14034629 Show Phone

Added: Mar 26 Changed: Aug 4 Last Checked: Aug 17 at 6:06AM

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MLS# 202610095

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 four-unit residential income property features four separate units, each with a living area, kitchen, two bedrooms, and a full bathroom. Gas and electric services are separately metered, which can simplify utility allocation for each unit. The property has undergone several interior and exterior renovations within the last two years.

The building is positioned on the edge of downtown Muncie, within Delaware County, Indiana. The site consists of approximately 0.11 acres, and income and expense information is available upon request.

The unit configuration supports a tenant mix seeking standard two-bedroom layouts, with full bathrooms and functional kitchen spaces in each unit. For buyers and operators, the separately metered gas and electric setup and the documented renovation timeframe may be key considerations when evaluating current condition and ongoing management.

Key Highlights

• 4‑unit property with each unit offering living area, kitchen, 2 bedrooms, and a full bath
• Gas and electric are separately metered
• Interior and exterior renovations completed within the last 2 years

Property Analytics

Property Profile

Current Use

Quadplexes

Suggested Use

Top Pick Pharmacy (Bike/Boat/Book/etc) Store Cafe & Coffee Shop Parking Lot & Garage Bakery Veterinary Clinic

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

Multi-tenant

Tenancy

Yes

Utilities to site

Location Intelligence

Trade Area within ½ mile

1,041

Businesses Nearby

Explore this area Business Placement

Demographics for 47305, IN

3,629

Population

2,512

Households

1.4

Avg Household Size

37

Median Age

18%

College-Educated

81%

High-School Grad

1.3 sq mi

ZIP Area

2,792

Density / Sq Mi

$33,125

Median Household Income

$30,648

Median Earnings

$744

Median Rent

$77,300

Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022

7.5% 2023

7.8% 2024

8% 2025

Questions? Ask Rey

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Frequently Asked Questions

What type of property is this?

Quadplex - Four separately metered units provide two-bedroom residential income with recent interior and exterior renovations.

Where is this quadplex located?

The property is located at 407 N Monroe Street Muncie, IN.

What is the asking price?

The asking price for this property is $212,000.

What are key features of this property?

This property features: 4‑unit property with each unit offering living area, kitchen, 2 bedrooms, and a full bath; Gas and electric are separately metered; Interior and exterior renovations completed within the last 2 years