Search
Three-Unit Triplex with Covered Porch
New
For Sale
$125,000

1112-1114 N Elm St, Muncie, IN 47303

Three rental units combine separate kitchens and baths with varied interior updates.

Property Size1,868 SF
Price / SF$66.92
Days on Market3

Property Features for 1112-1114 N Elm St

General Information

Standard status Active
Size 1,868 SF
Property subtype Multi-Family

Units

Unit Mix 2 x 1BR, 1 x 2BR
Multifamily Units 3

Additional Details

Gross Income $25,620

Amenities

covered front porch

Building Details

Year Built 1893
Listing Agency: RE/MAX Real Estate Groups
Listed By: Lisa Buckner · License #RB14050240
Source: Kmsrealestategroup
Added: Sep 9 Changed: Sep 10 Last Checked: Sep 11 at 1:31PM

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 RE/MAX Real Estate Groups

Investment Insights

Based on property information with market context.

This 1,868-square-foot triplex contains three independent residential units, including two one-bedroom apartments and one two-bedroom apartment. Each unit has its own kitchen and bathroom, creating clearly separated living spaces within the building. Interior improvements include updated flooring, cabinetry, and finishes in select areas, while exterior vinyl siding and a covered front porch add to the physical improvements. Built in 1893, the property is configured as a three-unit residential income asset at 1112-1114 N Elm St in Muncie, Indiana.

Key Highlights

  • Three separate residential units under one roof
  • Unit mix includes two 1‑bedroom units and one 2‑bedroom unit
  • 1,868 square feet; built in 1893

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Pharmacy Parking Lot & Garage Cafe & Coffee Shop (Bike/Boat/Book/etc) Store Dental Office Furniture & Home Goods

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

3
Residential units

Location Intelligence

Trade Area within ½ mile

353
Businesses Nearby

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

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Triplex - Three rental units combine separate kitchens and baths with varied interior updates.
Where is this triplex located?
The property is located at 1112-1114 N Elm St Muncie, IN.
What is the asking price?
The asking price for this property is $125,000.
What are key features of this property?
This property features: Three separate residential units under one roof; Unit mix includes two 1‑bedroom units and one 2‑bedroom unit; 1,868 square feet; built in 1893
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message