10-Unit Apartment
For Sale
Contact for pricing
509 E Jackson, Muncie, IN 47305
Three dwellings across two city lots provide a mix of efficiency and one-bedroom apartments.
Property SizeContact for details
Days on Market143
Property Features for 509 E Jackson
General Information
Standard status
Active
Property subtype
Multifamily
Additional Details
Utilities to Site
Yes
Multifamily Units
10
Building Details
Buildings
3
Listing Agency:
ADM Commercial Real Estate
(765) 282-7785
Listed By:
Lisa Brand · License #IN RB14020834
Source:
Crexi
Added: Apr 12
Changed: Aug 31
Last Checked: Aug 30 at 12:32AM
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 ADM Commercial Real Estate
Investment Insights
Based on property information with market context.
This multifamily property includes three separate dwellings totaling 10 units on two city lots. The 509 E. Jackson improvements include a 2,808-square-foot, two-story main house built in 1900 with six units, plus a 960-square-foot, one-story house built in 1940 with one unit. The apartments include efficiencies and one-bedroom layouts. A shared boiler serves both houses, with the landlord paying utilities, water, and sewer. A new boiler was installed in 2020, along with a new chimney.
The adjoining 511 and 511 1/2 E. Jackson building contains 2,448 square feet, three units, and a large room with a fireplace used for storage. Built in 1885, the two-story brick structure includes two one-bedroom units on the lower level and one upstairs. One unit is currently rented, while the remaining units have been left vacant.
The adjoining 511 and 511 1/2 E. Jackson building contains 2,448 square feet, three units, and a large room with a fireplace used for storage. Built in 1885, the two-story brick structure includes two one-bedroom units on the lower level and one upstairs. One unit is currently rented, while the remaining units have been left vacant.
Key Highlights
- Three separate dwellings with 10 total units on 2 city lots
- 509 E. Jackson includes 2,808 SF, 6 units, and a 2‑story main house built in 1900
- Additional 960 SF small house has 1 unit and was built in 1940
Property Analytics
Property Profile
Current Use
Lease Details
10
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,223
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?
Apartment building - Three dwellings across two city lots provide a mix of efficiency and one-bedroom apartments.
Where is this apartment building located?
The property is located at 509 E Jackson Muncie, IN.
What are key features of this property?
This property features: Three separate dwellings with 10 total units on 2 city lots; 509 E. Jackson includes 2,808 SF, 6 units, and a 2‑story main house built in 1900; Additional 960 SF small house has 1 unit and was built in 1940
