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Three-Unit Multifamily Property
For Sale
$110,000

708 W Jackson St, Muncie, IN 47305

Leased residential income property with a two-bedroom and one-bedroom unit mix.

Property Size2,700 SF
Price / SF$40.74
Days on Market26

Property Features for 708 W Jackson St

General Information

Standard status Active
Size 2,700 SF
Property subtype Multi-Family
Occupancy 100%

Units

Unit Mix 2 x 2BR/1BA, 1 x 1BR/1BA
Multifamily Units 3

Building Details

Year Built 1890
Listing Agency: RE/MAX Real Estate Groups
Listed By: Ryan Kramer · License #RB14042267
Source: Kmsrealestategroup
Added: Aug 5 Changed: Aug 29 Last Checked: Aug 29 at 11:39AM

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.

Located at 708 W Jackson St in Muncie, this 2,700-square-foot multifamily property contains three residential units. The configuration includes two apartments with two bedrooms and one bathroom each, plus a one-bedroom, one-bath apartment. All three units are currently leased.

Built in 1890, the property has an established residential layout near downtown Muncie. The landlord covers gas service, while residents are responsible for electricity, water, and sewage. The combination of a defined unit mix and current occupancy provides a straightforward income-property configuration.

Key Highlights

  • Three residential units: two 2‑bedroom, 1‑bath units and one 1‑bedroom, 1‑bath unit
  • All 3 units are currently leased
  • 2,700 square feet of multifamily property

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Pharmacy (Bike/Boat/Book/etc) Store Bakery Storage Facility Carpet & Flooring Store 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.

Lease Details

3
Residential units
100%
Occupancy

Location Intelligence

Trade Area within ½ mile

1,144
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

Market

Vacancy Rate% for Multifamily in Midwest region

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

What type of property is this?
Triplex - Leased residential income property with a two-bedroom and one-bedroom unit mix.
Where is this triplex located?
The property is located at 708 W Jackson St Muncie, IN.
What is the asking price?
The asking price for this property is $110,000.
What are key features of this property?
This property features: Three residential units: two 2‑bedroom, 1‑bath units and one 1‑bedroom, 1‑bath unit; All 3 units are currently leased; 2,700 square feet of multifamily property
More about this property
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