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Two-Unit Duplex with Vacant Unit
For Sale
$144,999

212 N Elm St, Muncie, IN 47305

Both residences offer two-bedroom layouts with one-and-a-half bathrooms, while one unit is vacant and move-in ready.

Property Size3,049 SF
Price / SF$47.56
Days on Market64

Property Features for 212 N Elm St

General Information

Standard status Active
Size 3,049 SF
Property subtype Multi-Family

Building Details

Year Built 1910
Listing Agency: Berkshire Hathaway Home
Listed By: Streamlined Realty
Source: Streamlinedrealty
Added: Jul 30 Changed: Oct 1 Last Checked: Oct 1 at 10:26AM

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 Berkshire Hathaway Home

Investment Insights

Based on property information with market context.

This duplex includes two separate units, each with 2 bedrooms and 1.5 bathrooms. One unit is vacant and move-in ready, providing flexibility for an owner-occupant or an investor preparing to lease the space. The two-unit configuration supports multiple occupancy and leasing strategies within a single residential property.

The property is set in a peaceful setting with no immediate neighboring homes, adding privacy to the surroundings. It is located near Gilbert Historic Park, with access to green space and local amenities. The combination of a vacant unit, defined unit layouts, and nearby recreational space offers a practical option for both owner-occupancy and residential investment use.

Key Highlights

  • Two‑unit duplex with 2 bedrooms and 1.5 bathrooms per unit
  • One unit is vacant and move‑in ready
  • No immediate neighboring homes provide a private setting

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Dental Office Pharmacy Cafe & Coffee Shop Parking Lot & Garage Storage Facility Bakery

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,152
Businesses Nearby

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
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 - Both residences offer two-bedroom layouts with one-and-a-half bathrooms, while one unit is vacant and move-in ready.
Where is this duplex located?
The property is located at 212 N Elm St Muncie, IN.
What is the asking price?
The asking price for this property is $144,999.
What are key features of this property?
This property features: Two‑unit duplex with 2 bedrooms and 1.5 bathrooms per unit; One unit is vacant and move‑in ready; No immediate neighboring homes provide a private setting
More about this property
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