Multi-Family Portfolio
For Sale
Contact for pricing
202 E Gilbert St, Muncie, IN 47305
24 stabilized multifamily properties total 101 units, with 94% occupancy across Muncie and New Castle, Indiana.
Property SizeContact for details
Days on Market134
Property Features for 202 E Gilbert St
General Information
Standard status
Active
Property subtype
Multifamily
Occupancy
94%
Additional Details
Cap Rate
8.71%
Multifamily Units
101
Listing Agency:
Envoy Real Estate
(317) 775-2289
Listed By:
Jordan Kornmann · License #IN RB17000305
Source:
Crexi
Added: Apr 13
Changed: Aug 8
Last Checked: Jul 21 at 5:20PM
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 offering presents an opportunity to acquire a multi-family portfolio consisting of 24 properties totaling 101 units. The portfolio is described as stabilized, with reported 94% occupancy. The seller is offering the package as a whole, with consideration for group sales depending on the attached offering materials.
The properties are located in close proximity to each other for efficient property management. The portfolio spans Muncie and New Castle, Indiana.
Based on the information provided, this is a multi-property residential income acquisition structured for hands-on or centralized management, with all assets included in the stated unit and occupancy figures.
The properties are located in close proximity to each other for efficient property management. The portfolio spans Muncie and New Castle, Indiana.
Based on the information provided, this is a multi-property residential income acquisition structured for hands-on or centralized management, with all assets included in the stated unit and occupancy figures.
Key Highlights
- Portfolio of 24 stabilized multifamily properties totaling 101 units in Muncie and New Castle, IN
- 94% occupancy across the portfolio
- Stated cap rate of 8.71%
Property Analytics
Property Profile
Current Use
Lease Details
101
Residential units
94%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,123
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - 24 stabilized multifamily properties total 101 units, with 94% occupancy across Muncie and New Castle, Indiana.
Where is this apartment building located?
The property is located at 202 E Gilbert St Muncie, IN.
What are key features of this property?
This property features: Portfolio of 24 stabilized multifamily properties totaling 101 units in Muncie and New Castle, IN; 94% occupancy across the portfolio; Stated cap rate of 8.71%
