101-Unit Multifamily
For Sale
Contact for pricing
306 E North St, Muncie, IN 47305
Stabilized Indiana apartment portfolio spanning multiple properties in Muncie and New Castle.
Property SizeContact for details
Days on Market143
Property Features for 306 E North St
General Information
Standard status
Active
Property subtype
Multifamily
Occupancy
94%
Additional Details
Cap Rate
8.71%
Multifamily Units
101
Building Details
Buildings
24
Listing Agency:
Envoy Real Estate
(317) 775-2289
Listed By:
Jordan Kornmann · License #IN RB17000305
Source:
Crexi
Added: Apr 12
Changed: Aug 31
Last Checked: Aug 29 at 2:44PM
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 multifamily offering comprises 24 properties totaling 101 units across Muncie and New Castle, Indiana. The portfolio is reported at 94% occupancy and carries an 8.71% cap rate, providing a consolidated income-property platform rather than a single-building acquisition.
Several assets are situated near one another, which may support more efficient oversight across the portfolio. The properties are presented as a stabilized group, with the full collection available for consideration and smaller groupings also contemplated.
Several assets are situated near one another, which may support more efficient oversight across the portfolio. The properties are presented as a stabilized group, with the full collection available for consideration and smaller groupings also contemplated.
Key Highlights
- 24 multifamily properties across Muncie and New Castle, IN
- 101 total units
- 94% occupancy
Property Analytics
Current Use
Lease Details
101
Residential units
94%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,123
Businesses Nearby
Explore this area
Business Placement
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
Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Multifamily property - Stabilized Indiana apartment portfolio spanning multiple properties in Muncie and New Castle.
Where is this multifamily property located?
The property is located at 306 E North St Muncie, IN.
What are key features of this property?
This property features: 24 multifamily properties across Muncie and New Castle, IN; 101 total units; 94% occupancy
