Two-Building Multifamily with 4
For Sale
$239,900
Pending
2234 W Memorial Drive, Muncie, IN 47302
Residential Income, Muncie, IN
Property SizeContact for details
Lot Size0.34 Acres
Days on Market71
Property Features for 2234 W Memorial Drive
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Subdivision
R & Ul Co
Elementary school district
Muncie Community Schools
Middle school district
Muncie Community Schools
High school district
Muncie Community Schools
Directions
GPS Friendly
Standard status
Pending
APN
181117461013000003
Lot size
0.34 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Rochester & Utica 1 Blk 34 Lot 13-14-15
Legal Description
Rochester & Utica 1 Blk 34 Lot 13-14-15
Building Details
Year built
1941
Number of units
4
Listing Agency:
United Real Estate Indpls
(317) 216-8800
Listed By:
Chandan Saha
(317) 255-7285
Added: Jun 13
Changed: Aug 19
Last Checked: Aug 22 at 6:06AM
MLS# 22108028
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Investment Insights
Based on property information with market context.
This multifamily property consists of two separate buildings, each with two units, for a total of four units. The property is reported as 100% occupied. Unit mix includes three 2-bedroom units and one 1-bedroom unit. Several units have received updates, including a renovated unit with a bathroom featuring a full tub, along with refreshed finishes such as luxury vinyl plank flooring, new doors, trim, base, and paint in the front building.
The front building has a brand new roof and new siding, while the back building has partial new siding and partial new roof. The sale also includes an empty partial site, and the remarks indicate additional units could potentially be built.
The tenant-occupied unit condition in the back building is described as potentially needing some improvement, including reference to a long-term tenant. The remainder of the updates are concentrated in the front building and at least one renovated unit.
The front building has a brand new roof and new siding, while the back building has partial new siding and partial new roof. The sale also includes an empty partial site, and the remarks indicate additional units could potentially be built.
The tenant-occupied unit condition in the back building is described as potentially needing some improvement, including reference to a long-term tenant. The remainder of the updates are concentrated in the front building and at least one renovated unit.
Key Highlights
- 100% occupied 4‑unit property with two buildings (two units per building)
- Unit mix: three 2BR units and one 1BR unit
- Front building updates: brand new roof, new siding, luxury vinyl plank flooring, new door, trim and base, and freshly painted interiors
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
316
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 buildings with four total units are 100% occupied, with recent exterior and interior updates in multiple units.
Where is this duplex located?
The property is located at 2234 W Memorial Drive Muncie, IN.
What is the asking price?
The asking price for this property is $239,900.
What are key features of this property?
This property features: 100% occupied 4‑unit property with two buildings (two units per building); Unit mix: three 2BR units and one 1BR unit; Front building updates: brand new roof, new siding, luxury vinyl plank flooring, new door, trim and base, and freshly painted interiors
