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Three-Unit Multifamily Package
For Sale
$199,900

617 W Memorial Dr, Muncie, IN 47302

Portfolio package combines three separately identified properties with documented 1918 construction.

Property Size1,134 SF
Price / SF$176.28
Days on Market40

Property Features for 617 W Memorial Dr

General Information

Standard status Active
Size 1,134 SF
Property subtype Multi-Family

Building Details

Year Built 1918
Listing Agency: RE/MAX Real Estate Groups
Listed By: Ryan Kramer · License #RB14042267
Source: Kmsrealestategroup
Added: Jul 22 Changed: Aug 29 Last Checked: Aug 25 at 4:58AM

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 RE/MAX Real Estate Groups

Investment Insights

Based on property information with market context.

This multifamily offering is structured as a three-property package, identified as Unit #1 at 617 W Memorial Dr, Unit #2 at 904 E 13th St, and Unit #3 at 2025 S Mulberry in Muncie, Indiana. The associated parcels are separately identified in the property information.

The record reports 1,134 square feet and a 1918 year built. Parcel references include 181122201005000003 for Unit #2 and 181122105017000003 for Unit #3.

Key Highlights

  • Three‑property multifamily package identified as Units #1, #2, and #3
  • 617 W Memorial Dr, Muncie, IN 47302 identified as Unit #1
  • 904 E 13th St identified as Unit #2

Property Analytics

Current Use

Multifamily properties

Suggested Use

Top Pick Real Estate Agency Parking Lot & Garage Accounting Firm Gym & Fitness Center Skin Care Clinic Furniture & Home Goods

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

Location Intelligence

Trade Area within ½ mile

246
Businesses Nearby

Demographics for 47302, IN

25,704
Population
12,625
Households
2
Avg Household Size
42
Median Age
12%
College-Educated
86%
High-School Grad
65.2 sq mi
ZIP Area
394
Density / Sq Mi
$47,185
Median Household Income
$31,795
Median Earnings
$865
Median Rent
$70,800
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Multifamily property - Portfolio package combines three separately identified properties with documented 1918 construction.
Where is this multifamily property located?
The property is located at 617 W Memorial Dr Muncie, IN.
What is the asking price?
The asking price for this property is $199,900.
What are key features of this property?
This property features: Three‑property multifamily package identified as Units #1, #2, and #3; 617 W Memorial Dr, Muncie, IN 47302 identified as Unit #1; 904 E 13th St identified as Unit #2
More about this property
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