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    720 Jackson St Muncie, IN 47305

    Sponsored
    For Sale
    $140,000

    Downtown Muncie investment opportunity. High potential.

    Property size:
    3,888 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This 5-unit apartment building, located at 720-722.5 W Jackson St, Muncie, IN, presents a compelling investment opportunity. The 3,888 square foot property sits on a 0.18-acre lot in the Old West End Historic District, a revitalizing area within walking distance of the downtown central business district and local amenities. The building comprises three ground-floor and two upper-floor units

    Property Features for 720 Jackson St

    General Information

    Property type
    Residential income properties
    Square Feet
    3,888 SF
    Lot Size
    7,841 SF

    Building Details

    Year Built
    1900
    Property Profile Location Intelligence

    Current Use by Public Records

    Multifamily properties

    Suggested Use

    Realty agency Restaurant Law Firm 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
    -85.39407
    Latitude
    40.19313

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    FAQs

    What type of property is this?
    Residential income property - Downtown Muncie investment opportunity. High potential.
    Where is this residential income property located?
    The property is located at 720 Jackson St Muncie, IN.
    What is the asking price?
    The asking price for this property is $140,000.
    (317) 846-6300
    Request Owner's contact information
    720 Jackson St Muncie, IN 47305
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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
    720 Jackson St Muncie, IN 47305
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