Leased Multifamily Investment
For Sale
$114,900
512 S Talley Avenue, Muncie, IN 47303
MULTI_FAMILY - Other - Muncie, IN
Property Size1,191 SF
Lot Size0.16 Acres
Price / SF$96.47
Days on Market27
Property Features for 512 S Talley Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
3
Bathrooms
1
Full bathrooms
1
Rooms
Bedroom 3, Basement, Bedroom 1, Bathroom 1, Bedroom 2
Basement
Block
Subdivision
West Side / Westside
Lot features
City/ Town/ Suburb, Level
Elementary school
Westview
Middle school
Northside
High school
Central
Elementary school district
Muncie Community Schools
Middle school district
Muncie Community Schools
High school district
Muncie Community Schools
Directions
GPS Friendly
Standard status
Active
APN
18-11-17-232-003.000-003
Size
1,191 SF
Lot size
0.16 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
Westside Lot 893
Legal Description
Westside Lot 893
Utilities
Cooling system
Central Air
Building Details
Year built
1919
Floors in Building
1
Number of units
1
Flooring type
Carpet
Roof type
Shingle
Architectural style
Other
Listing Agency:
NextHome Elite Real Estate
(765) 729-5181
Listed By:
Kathy J Smith · License #RB14039328
(765) 717-9910
Added: Jul 28
Changed: Aug 5
Last Checked: Aug 23 at 3:06AM
MLS# 202630521
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 multifamily investment property is currently occupied by a long-term tenant on a month-to-month basis, producing $925.00 per month in rental income. The property is listed for sale and sits on a 0.16-acre lot.
The home is located in Muncie, Indiana, near IU Hospital and Ball State University (BSU). As provided, it is addressed at 512 S Talley Avenue in Delaware County.
Additional details such as unit count, interior layout, and condition are not provided in the listing information.
The home is located in Muncie, Indiana, near IU Hospital and Ball State University (BSU). As provided, it is addressed at 512 S Talley Avenue in Delaware County.
Additional details such as unit count, interior layout, and condition are not provided in the listing information.
Key Highlights
- Leased for $925/month on a month‑to‑month basis (long‑term tenant)
- Year built: 1919
- Central air cooling
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,458
Businesses Nearby
Explore this area
Business Placement
Demographics for 47303, IN
24,069
Population
11,567
Households
2.1
Avg Household Size
30
Median Age
25%
College-Educated
90%
High-School Grad
58.0 sq mi
ZIP Area
415
Density / Sq Mi
$42,556
Median Household Income
$22,497
Median Earnings
$883
Median Rent
$106,600
Median Home Value
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Specialty property - Leased month-to-month investment property currently generating $925 per month.
Where is this specialty property located?
The property is located at 512 S Talley Avenue Muncie, IN.
What is the asking price?
The asking price for this property is $114,900.
What are key features of this property?
This property features: Leased for $925/month on a month‑to‑month basis (long‑term tenant); Year built: 1919; Central air cooling
