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Triplex with Covered Porch
For Sale
$115,000
Pending

1112-1114 N Elm Street, Muncie, IN 47303

Each of the three apartments has its own kitchen and bathroom.

Property Size1,868 SF
Days on Market10

Property Features for 1112-1114 N Elm Street

General Information

Standard status Pending
Size 1,868 SF
Property subtype Multi Family Home
Lease Term 1 Year

Units

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

Additional Details

Gross Income $25,620
Tenant in Place Yes

Building Details

Building Size 1,868 SF
Buildings 1
Stories 2
Units 3
Listing Agency: RE/MAX Real Estate Groups
Listed By: Lisa Buckner · License #RB14050240
Source: Castleonerealty
Added: Oct 19 Changed: Oct 26 Last Checked: Oct 26 at 3:48AM

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

Rey
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Investment Insights

Based on property information with market context.

This 1,868-square-foot triplex contains three separate apartments: two with one bedroom each and one with two bedrooms. Every unit has a kitchen and bathroom. Flooring, cabinetry, and interior finishes vary across the apartments, and the building has vinyl siding and a covered front porch.

Located at 1112-1114 N Elm Street in Muncie, Indiana, the property offers three residential units within one building.

Key Highlights

  • Three units: two 1‑bedroom apartments and one 2‑bedroom apartment
  • 1,868 square feet across three residential units
  • A separate kitchen and bathroom serve each apartment

Property Analytics

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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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Triplex - Each of the three apartments has its own kitchen and bathroom.
Where is this triplex located?
The property is located at 1112-1114 N Elm Street Muncie, IN.
What is the asking price?
The asking price for this property is $115,000.
What are key features of this property?
This property features: Three units: two 1‑bedroom apartments and one 2‑bedroom apartment; 1,868 square feet across three residential units; A separate kitchen and bathroom serve each apartment
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