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Two-Unit Duplex with Garages

5500 Hazelnut Arcade, Muncie, IN 47304

For Sale
$185,000

Each occupied residence has two bedrooms, one bathroom, and a one-car garage.

Property Size1,850 SF
Price / SF$100
Days on Market43

Property Features for 5500 Hazelnut Arcade

General Information

Standard status Active
Size 1,850 SF
Property subtype Multi-Family

Financials

Asking Price $195,000
Gross Income $20,700

Units

Unit Mix 2 x 2BR/1BA
Multifamily Units 2

Additional Details

Utilities to Site Yes

Building Details

Year Built 1969
Listing Agency: Exp Realty, LLC
Listed By: Patton Hall
Source: Pattonhall
Added: Sep 28 Changed: Nov 8 Last Checked: Nov 8 at 6:09AM

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 Exp Realty, LLC

Rey
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Investment Insights

Based on property information with market context.

Built in 1969, this duplex contains two tenant-occupied residences. Each unit offers 2 bedrooms, 1 bathroom, approximately 891 square feet, and a one-car garage. City water is delivered through a single meter shared by both units, while tenants pay their own electricity.

Both residences are leased on 12-month terms. The property is located at 5500 Hazelnut Street in Muncie, Indiana.

Key Highlights

  • Two units, each with 2 bedrooms, 1 bathroom, and approximately 891 square feet
  • One‑car garage for each residence
  • Both units are tenant‑occupied on 12‑month leases

Property Analytics

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Lease Details

2
Residential units
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

19
Businesses Nearby

Demographics for 47304, IN

30,366
Population
14,303
Households
2.1
Avg Household Size
39
Median Age
41%
College-Educated
95%
High-School Grad
34.7 sq mi
ZIP Area
875
Density / Sq Mi
$67,756
Median Household Income
$33,077
Median Earnings
$951
Median Rent
$161,700
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?
Duplex - Each occupied residence has two bedrooms, one bathroom, and a one-car garage.
Where is this duplex located?
The property is located at 5500 Hazelnut Arcade Muncie, IN.
What is the asking price?
The asking price for this property is $185,000.
What are key features of this property?
This property features: Two units, each with 2 bedrooms, 1 bathroom, and approximately 891 square feet; One‑car garage for each residence; Both units are tenant‑occupied on 12‑month leases
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