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Two-Home Duplex Property
For Sale
$120,000

1307 S Ebright Street, Muncie, IN 47302

INVESTMENT, Detached, Muncie, IN

Property Size1,040 SF
Lot Size0.12 Acres
Price / SF$115.38
Days on Market53

Property Features for 1307 S Ebright Street

General Information

Property type Residential Multi Family
Property subtype Single Family Residence
Bedrooms 3
Bathrooms 1
Full bathrooms 1
Rooms Bathroom 2, Bedroom 3, Bedroom 2, Bathroom 1, Bedroom 1, Basement
Parking 1
Parking features Off Street
Basement Block
Subdivision Galliher(s)
Lot features City/ Town/ Suburb, Level
Elementary school Southview
Middle school Southside
High school Central
Elementary school district Muncie Community Schools
Middle school district Muncie Community Schools
High school district Muncie Community Schools
Directions Willard to Ebright. S to Property.
Standard status Active
APN 181115405018000003
Size 1,040 SF
Lot size 0.12 Acres

Taxes and HOA fees

Tax Year 2026
Tax Description PARK PLACE S ADD LOT 62
Tax Annual Amount 904
Legal Description PARK PLACE S ADD LOT 62

Utilities

Cooling system Central Air

Building Details

Year built 1924
Number of units 2
Flooring type Carpet
Roof type Shingle
Architectural style Other
Listing Agency: NextHome Elite Real Estate
Listed By: Rebekah Hanna · License #RB14034682,PersonLicenseNumber
Added: Aug 11 Changed: Sep 18 Last Checked: Oct 2 at 12:06AM
MLS# 202632561

Copyright © 2026 Mid-Eastern Indiana Association of Realtor MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This duplex property places two detached residences on a single 0.12-acre parcel. The primary home contains 1040 square feet, three bedrooms, one bathroom, and an unfinished basement. A second residence measures approximately 400 square feet and provides one bedroom and one bathroom. Both homes feature central air, carpet flooring, shingle roofs, and off-street parking.

The property is fully leased, with the primary residence occupied under a lease extending through 3/31/2027 and the second residence leased through 6/30/2027. Tenants pay electric and gas directly, while water and sewer are billed back by the property manager. Built in 1924, the property is located at 1307 S Ebright Street in Muncie, Indiana.

Key Highlights

  • Two detached residences situated on one 0.12‑acre parcel
  • Primary home includes 1040 sf, 3 bedrooms, 1 bathroom, and an unfinished basement
  • Second home provides approx. 400 sf, 1 bedroom, and 1 bathroom

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Dental Office Real Estate Agency Cafe & Coffee Shop Computer & Electronic Repair Parking Lot & Garage Gym & Fitness Center

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

2
Residential units
100%
Occupancy

Location Intelligence

Trade Area within ½ mile

664
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Duplex - Two separate residences share one parcel and are currently leased with tenants responsible for utilities.
Where is this duplex located?
The property is located at 1307 S Ebright Street 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 detached residences situated on one 0.12‑acre parcel; Primary home includes 1040 sf, 3 bedrooms, 1 bathroom, and an unfinished basement; Second home provides approx. 400 sf, 1 bedroom, and 1 bathroom
More about this property
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