Leased Two-Home
For Sale
$120,000
1307 S Ebright St, Muncie, IN 47302
Two residences on one parcel with leases extending through 2027.
Property Size1,040 SF
Price / SF$115.38
Days on Market12
Property Features for 1307 S Ebright St
General Information
Standard status
Active
Size
1,040 SF
Property subtype
Residential Income
Occupancy
100%
Units
Unit Mix
1 x 3BR/1BA, 1 x 1BR/1BA
Multifamily Units
2
Additional Details
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$646
Building Details
Buildings
2
Tenancy
Multi
Listing Agency:
NextHome Elite Real Estate
(765) 760-4556
Listed By:
Rebekah Hanna · License #RB14034682,PersonLicenseNumber
(765) 760-4556
Source:
Exprealty
Added: Aug 11
Changed: Aug 20
Last Checked: Aug 22 at 11:43AM
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 NextHome Elite Real Estate
Investment Insights
Based on property information with market context.
This duplex property comprises two separate homes on a single parcel. The primary residence measures 1,040 square feet and offers three bedrooms, one bathroom, and an unfinished basement. A second residence of approximately 400 square feet includes one bedroom and one bathroom.
Both homes are leased. The lease for the larger residence runs through 3/31/2027, while the smaller home is leased through 6/30/2027. Tenants pay electric and gas directly. Water and sewer are billed back to the tenants by the property manager, providing a defined utility-reimbursement arrangement.
Both homes are leased. The lease for the larger residence runs through 3/31/2027, while the smaller home is leased through 6/30/2027. Tenants pay electric and gas directly. Water and sewer are billed back to the tenants by the property manager, providing a defined utility-reimbursement arrangement.
Key Highlights
- Two homes located on one parcel
- 1,040‑square‑foot main home with 3 bedrooms, 1 bath, and unfinished basement
- Approximately 400‑square‑foot second home with 1 bedroom and 1 bath
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
664
Businesses Nearby
Explore this area
Business Placement
Demographics for 47302, IN
25,704
Population
12,625
Households
2
Avg Household Size
42
Median Age
12%
College-Educated
86%
High-School Grad
65.2 sq mi
ZIP Area
394
Density / Sq Mi
$47,185
Median Household Income
$31,795
Median Earnings
$865
Median Rent
$70,800
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?
Duplex - Two residences on one parcel with leases extending through 2027.
Where is this duplex located?
The property is located at 1307 S Ebright St Muncie, IN.
What is the asking price?
The asking price for this property is $120,000.
What are key features of this property?
This property features: Two homes located on one parcel; 1,040‑square‑foot main home with 3 bedrooms, 1 bath, and unfinished basement; Approximately 400‑square‑foot second home with 1 bedroom and 1 bath
