Historic Mixed-Use
New
For Sale
$178,000
607 E Charles Street, Muncie, IN 47305
MULTI_FAMILY - Muncie, IN
Property Size4,170 SF
Lot Size0.32 Acres
Price / SF$42.69
Days on Market1
Property Features for 607 E Charles Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
Multi
Bedrooms
6
Bathrooms
1
Half bathrooms
1
Rooms
Bathroom 1, Basement, Bedroom 2, Bedroom 1, Bedroom 3, Bedroom 4, Bedroom 5, Bedroom 6
Parking
20
Basement
Block
Lot features
Corner, 0-2.9999
Elementary school
East Washington Academy
Middle school
Northside
High school
Central
Elementary school district
Muncie Community Schools
Middle school district
Muncie Community Schools
High school district
Muncie Community Schools
Directions
Madison South to Charles east to SEC Charles and Monroe
Subdivision
Delaware County
Standard status
Active
APN
18-11-15-135-001.000-003
Size
4,170 SF
Lot size
0.32 Acres
Taxes and HOA fees
Tax Year
0
Tax Description
WOLFE HRS LOTS 7 & 8 0.0000Acres STR: 152010
Tax Annual Amount
1500
Legal Description
WOLFE HRS LOTS 7 & 8 0.0000Acres STR: 152010
Utilities
Cooling system
Central Air
Building Details
Year built
1855
Floors in Building
2
Number of units
1
Flooring type
Carpet, Tile
Architectural style
Other
Listing Agency:
Coldwell Banker Real Estate Group
(765) 289-2228
Listed By:
Brian Allardt · License #RB14013784
(765) 808-1400
Added: Aug 11
Last Checked: Aug 11 at 5:06PM
MLS# 202632644
Copyright © 2026 Mid-Eastern Indiana Association of Realtor MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Built in 1855, this 4,170-square-foot property occupies 0.32 acres and includes six bedrooms, a basement, bathrooms, carpet, tile, and central air. The building has been updated in recent years and was previously operated as a retail store after earlier use as a nursery.
The property is currently zoned R5 (Multi-Family), while business zoning surrounds the site. Its documented configuration supports consideration of multifamily, mixed-use, or short-term rental conversion, with residential space on the second floor and retail, office, or studio use on the first floor. The combination of existing room count, basement space, and prior commercial use provides several potential directions for reuse.
The property is currently zoned R5 (Multi-Family), while business zoning surrounds the site. Its documented configuration supports consideration of multifamily, mixed-use, or short-term rental conversion, with residential space on the second floor and retail, office, or studio use on the first floor. The combination of existing room count, basement space, and prior commercial use provides several potential directions for reuse.
Key Highlights
- 4,170‑square‑foot building on 0.32 acres
- Built in 1855 and updated in recent years
- Currently zoned R5 (Multi‑Family)
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
474
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - R5 (Multi-Family) zoning pairs with prior retail use and a flexible interior layout.
Where is this mixed-use property located?
The property is located at 607 E Charles Street Muncie, IN.
What is the asking price?
The asking price for this property is $178,000.
What are key features of this property?
This property features: 4,170‑square‑foot building on 0.32 acres; Built in 1855 and updated in recent years; Currently zoned R5 (Multi‑Family)
