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    502-504 S Mound St Muncie, IN 47305

    For Sale
    $108,900

    Duplex - Muncie, IN

    Type:Duplex
    Lot size:
    0.12 Acres
    Days on Market:
    90
    Last Refresh:
    Dec 5 at 2:06 am

    Property Features for 502-504 S Mound St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Duplex
    Standard status
    Active
    Rooms
    Basement
    APN
    181116217007000003
    Basement Y/N
    1
    Lot size
    0.12 Acres

    Building Details

    Year built
    1890
    Number of units
    2
    Architectural style
    Other

    Starr Real Estate Inc (765) 288-1711 [email protected]

    Listing agent Heather Clemmons (765) 288-1711 License #RB14039183

    Listing date Sep 7, 2025

    MLS# 22052791 Listing URL

    Copyright © 2025 MIBOR Service Corporation. 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 Duplex with Leased Units

    This duplex, located in Muncie, IN, features two units. Unit 502/504 is currently under a Section 8 lease, generating a monthly rental income of $700. Unit 502 1/2 has a monthly rent of $905 with a $500 deposit, and the lease is active until August 30, 2025. Tenants are responsible for covering the electric utilities, while the owner is responsible for water, trash, and sewage. The property is situated on a lot of 0.12 acres.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply 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
    -85.3941
    Latitude
    40.189796

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    FAQs

    What type of property is this?
    Duplex - Duplex in Muncie, IN with existing leases.
    Where is this duplex located?
    The property is located at 502-504 S Mound St Muncie, IN.
    What is the asking price?
    The asking price for this property is $108,900.
    What are key features of this property?
    This property features: - Part of a potential 22-property package.; - One unit (502 1/2) generates $905 monthly rent with a $500 deposit.; - Second unit (502/504) is a Section 8 lease with $700 monthly rent.
    (765) 288-1711
    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
    502-504 S Mound St Muncie, IN 47305
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