Four-Unit Multifamily
For Sale
Contact for pricing
404 W Main St, Muncie, IN 47305
Two-story four-unit building on a corner lot with multiple 1BR units and additional loft space.
Property Size3,812 SF
Days on Market123
Property Features for 404 W Main St
General Information
Standard status
Active
Size
3,812 SF
Property subtype
Multifamily
Additional Details
Multifamily Units
4
Building Details
Stories
2
Tenancy
Multi
Listing Agency:
RE/MAX Real Estate Solutions
Listed By:
Sherri Humes · License #IN RB14047851
Source:
Crexi
Added: Apr 11
Changed: Aug 8
Last Checked: Jul 20 at 7:31PM
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 RE/MAX Real Estate Solutions
Investment Insights
Based on property information with market context.
This two-story four-unit multifamily property offers a total of four 1BR units and includes two additional loft areas with private entrances. The building is described as well cared for, with lots of hardwood flooring and wood trim. Two units are currently rented, one unit is available to rent, and one unit is being renovated.
The property is located downtown on a corner lot. The heating is combined for all units, and the seller notes there is one industrial/commercial grade heater in each building (one at 111 N. Liberty and one at 404 W. Main St) that supplies all tenants.
The listing also indicates that the property can be purchased alongside a neighboring property at 111 N. Liberty. Unit rent details provided include Unit 402 currently being remodeled at $700 per month (listed as $700/mo. +/-), Unit 404 tenant-occupied at $700 per month, and Unit 404 1/2 occupied at $550 per month. Unit 402 1/2 is ready to rent at approximately $700 per month. Gas service is described as not having separate meters.
The property is located downtown on a corner lot. The heating is combined for all units, and the seller notes there is one industrial/commercial grade heater in each building (one at 111 N. Liberty and one at 404 W. Main St) that supplies all tenants.
The listing also indicates that the property can be purchased alongside a neighboring property at 111 N. Liberty. Unit rent details provided include Unit 402 currently being remodeled at $700 per month (listed as $700/mo. +/-), Unit 404 tenant-occupied at $700 per month, and Unit 404 1/2 occupied at $550 per month. Unit 402 1/2 is ready to rent at approximately $700 per month. Gas service is described as not having separate meters.
Key Highlights
- Downtown two‑story 4‑unit building on a corner lot with 3812 SF, including multiple 1BR units and additional loft space
- Current rental setup: 2 units rented ($700/mo each where stated) with one unit available to rent and one unit in renovation
- Rents listed: Unit 402 = $700/mo (being remodeled); Unit 404 tenant occupied $700/mo; Unit 404 1/2 occupied $550/mo; Unit 402 1/2 ready to rent at $700/mo +/-
Property Analytics
Current Use
Lease Details
4
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,200
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?
Quadplex - Two-story four-unit building on a corner lot with multiple 1BR units and additional loft space.
Where is this quadplex located?
The property is located at 404 W Main St Muncie, IN.
What are key features of this property?
This property features: Downtown two‑story 4‑unit building on a corner lot with 3812 SF, including multiple 1BR units and additional loft space; Current rental setup: 2 units rented ($700/mo each where stated) with one unit available to rent and one unit in renovation; Rents listed: Unit 402 = $700/mo (being remodeled); Unit 404 tenant occupied $700/mo; Unit 404 1/2 occupied $550/mo; Unit 402 1/2 ready to rent at $700/mo +/-
