Muncie Multifamily
For Sale
Contact for pricing
1 W Orchard Pl, Muncie, IN 47305
Income-producing multifamily portfolio spanning two Indiana markets with consolidated management potential.
Property SizeContact for details
Days on Market144
Property Features for 1 W Orchard Pl
General Information
Standard status
Active
Property subtype
Multifamily
Occupancy
94%
Additional Details
Cap Rate
8.71%
Multifamily Units
101
Building Details
Buildings
24
Listing Agency:
Envoy Real Estate
(317) 775-2289
Listed By:
Jordan Kornmann · License #IN RB17000305
Source:
Crexi
Added: Apr 11
Changed: Aug 31
Last Checked: Aug 29 at 5:23PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Envoy Real Estate
Investment Insights
Based on property information with market context.
This multifamily portfolio comprises 24 properties containing 101 units across Muncie and New Castle, Indiana. The assets are presented as a single investment offering, with many properties positioned near one another to support more efficient oversight and operations.
The portfolio reports 94% occupancy and an 8.71% cap rate. The seller prefers a portfolio-wide transaction but may consider grouped sales, providing flexibility in how the assets are acquired.
The portfolio reports 94% occupancy and an 8.71% cap rate. The seller prefers a portfolio-wide transaction but may consider grouped sales, providing flexibility in how the assets are acquired.
Key Highlights
- 24 properties comprising 101 units
- Assets located in Muncie and New Castle, IN
- 94% occupancy across the portfolio
Property Analytics
Property Profile
Current Use
Lease Details
101
Residential units
94%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,205
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
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Frequently Asked Questions
What type of property is this?
Multifamily property - Income-producing multifamily portfolio spanning two Indiana markets with consolidated management potential.
Where is this multifamily property located?
The property is located at 1 W Orchard Pl Muncie, IN.
What are key features of this property?
This property features: 24 properties comprising 101 units; Assets located in Muncie and New Castle, IN; 94% occupancy across the portfolio
