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Three-Unit Triplex with Basement
For Sale
$174,900

421 S Talley Ave, Muncie, IN 47303

Separate apartments include tenant laundry space and utilities.

Property Size2,260 SF
Price / SF$77.39
Days on Market88
Rey
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Property Features for 421 S Talley Ave

General Information

Standard status Active
Size 2,260 SF
Property subtype Multi-Family

Units

Unit Mix 2 x 1BR, 1 x studio
Multifamily Units 3

Additional Details

Gross Income $18,600

Amenities

on-site laundry

Building Details

Year Built 1936
Listing Agency: Property House
Listed By: Rickie Sipe
Source: Callcriswell
Added: Jul 20 Changed: Oct 10 Last Checked: Oct 7 at 3:30PM

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 Property House

Investment Insights

Based on property information with market context.

This three-unit property at 421 S Talley Avenue in Muncie includes two one-bedroom apartments and one studio. Each residence is separately configured, and utilities are included for tenants. Two units are currently rented.

A full basement provides space for tenant laundry use, with washer and dryer areas on site. The property also includes an attached one-car garage that can serve as storage. The rental is associated with the Ball State market and has a history of residential leasing.

Key Highlights

  • Two one‑bedroom apartments plus one studio apartment
  • Three separately configured units with utilities included
  • Basement area provides on‑site washer and dryer space for tenants

Property Analytics

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Current Use

Triplexes

Suggested Use

Top Pick Law Firm Building Supply Electrical Service Bakery Real Estate Agency (Bike/Boat/Book/etc) Store

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

Lease Details

3
Residential units

Location Intelligence

Trade Area within ½ mile

1,542
Businesses Nearby

Demographics for 47303, IN

24,069
Population
11,567
Households
2.1
Avg Household Size
30
Median Age
25%
College-Educated
90%
High-School Grad
58.0 sq mi
ZIP Area
415
Density / Sq Mi
$42,556
Median Household Income
$22,497
Median Earnings
$883
Median Rent
$106,600
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Triplex - Separate apartments include tenant laundry space and utilities.
Where is this triplex located?
The property is located at 421 S Talley Ave Muncie, IN.
What is the asking price?
The asking price for this property is $174,900.
What are key features of this property?
This property features: Two one‑bedroom apartments plus one studio apartment; Three separately configured units with utilities included; Basement area provides on‑site washer and dryer space for tenants
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