202 E Gilbert St Muncie, IN 47305

Listing agency Envoy Real Estate j***@talktotucker.com Show Phone

Listed by Jordan Kornmann · License #IN RB17000305

Source Crexi

Added: Apr 13 Updated: Jul 21 at 5:20PM Checked: Jul 21 at 5:20PM

Report an Issue

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.

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

Location Intelligence

Similar For Sale Nearby

• 

  $1,300,000

  14,982 SF

  Multi-Tenant Retail Center

  Vacant multi-tenant retail center with refreshed façade and renovated interiors, offering multiple suite sizes for flexible leasing.

  811 West McGalliard Road, Muncie, IN 47303

  View Details
• 

  $504,900

  40,395 SF

  Warehouse with Office Area

  Warehouse for sale with an office area that includes a bathroom.

  916 South Burlington Drive, Muncie, IN 47302

  View Details
• 

  $3,900,000

  Three-Story Office Building

  Three-story office building offering 100% occupancy across nine tenant spaces.

  400 N High Street, Muncie, IN 47305

  View Details
• 

  $895,000

  12,250 SF

  Multi-Tenant Office/Industrial Building

  Multi-tenant office building with brick-and-metal façade, metal roof, and concrete parking on 2.5 acres.

  404 W Air Park Drive, Muncie, IN 47303

  View Details
• 

  $395,000

  1,600 SF

  Commercial Building with Drive-Thru

  Versatile 1,600 SQFT building suitable for retail, office, or food service.

  4801 N Wheeling Avenue Muncie, IN 47304

  View Details
• 

  $426,600

  5,982 SF

  Turnkey Single-Family Rental Portfolio

  Four tenanted, professionally managed single-family homes generating $41,880 in gross annual rent.

  3114 W Devon Road, Muncie, IN 47304

  View Details
• 

  $945,000

  Downtown Office Building with Parking

  Two-story office building with passenger elevator, multiple restrooms, stairwells, and parking lot leases across four parcels.

  225 N High Street, Muncie, IN 47305

  View Details
• 

  $2,900,000

  33,025 SF

  Truck Service and Sales Facility

  Three steel-frame buildings offer a high-bay truck service setup with multiple drive-in doors and service bays.

  4300 N Broadway Ave, Muncie, IN 47303

  View Details
• 

  $525,000

  5,300 SF

  Renovated Apartment Portfolio with Commercial Space

  Portfolio includes renovated and partially rehabbed apartment units plus a vacant commercial space with a garage.

  1517 S Walnut Street, Muncie, IN 47302

  View Details
• 

  $370,000

  6,982 SF

  Versatile Commercial Opportunity in Muncie

  Adaptable commercial space suitable for industrial, retail, or mixed-use purposes.

  1901 West Kilgore Avenue, Muncie, IN 47303

  View Details
• 

  $114,000

  Downtown Office Building with Parking

  First-floor office includes three offices, a waiting area, and a half bath, with asphalt parking and a garage.

  119 S Liberty Street, Muncie, IN 47305

  View Details
• 

  $149,000

  1,014 SF

  Live-Work Industrial Property

  Operating machine shop, additional pole barn, and a fenced site with a 2-bedroom rental home.

  313 W 5th Street, Muncie, IN 47302

  View Details

FAQs

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%