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Historic Mid-Rise Apartment Building

522 West Adams Street, Muncie, IN 47305

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Historic mid-rise apartment building with 33 units and 33,544 SF, offered at 522 West Adams Street.

Property Size33,544 SF
Price / SF$59.03
Days on Market111

Property Features for 522 West Adams Street

General Information

Standard status Active
Size 33,544 SF
Property subtype Multifamily

Additional Details

Multifamily Units 33

Building Details

Buildings 1
Units 33
Listing Agency: Coombes Real Estate
Listed By: Robert Coombes · License IN RB17000978
Source: Crexi
Added: Jul 23 Changed: Nov 7 Last Checked: Nov 8 at 7:01AM

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 Coombes Real Estate

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Investment Insights

Based on property information with market context.

Historic mid-rise apartment building at 522 West Adams Street in Muncie, IN, totaling 33,544 SF and featuring 33 units. The property is described as a historic multifamily asset with a spacious layout and thoughtful design.

The building is located just off Jackson Street, with walkability to Downtown and Ball State University. This creates a practical base for tenants seeking an in-town location.

The property is positioned for either renovation-completed ownership or a value-add approach, depending on how the buyer intends to handle improvements.

Key Highlights

  • 33,544 SF historic mid‑rise multifamily building
  • 33 units
  • 522 West Adams Street, Muncie, IN

Property Analytics

Who owns this building? See the owner, sales and loan history
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Lease Details

33
Residential units

Location Intelligence

Trade Area within ½ mile

1,223
Businesses Nearby

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
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?
Apartment building - Historic mid-rise apartment building with 33 units and 33,544 SF, offered at 522 West Adams Street.
Where is this apartment building located?
The property is located at 522 West Adams Street Muncie, IN.
What is the asking price?
The asking price for this property is $1,980,000.
What are key features of this property?
This property features: 33,544 SF historic mid‑rise multifamily building; 33 units; 522 West Adams Street, Muncie, IN
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