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4-Unit Apartment Building

805 W North Street, Muncie, IN 47303

For Sale
New
$179,900

Apartments include a mix of one- and two-bedroom layouts, each with all-electric heating.

Property Size2,518 SF
Price / SF$71.45
Days on Market4

Property Features for 805 W North Street

General Information

Standard status Active
Size 2,518 SF
Property subtype Multi-Family

Units

Unit Mix 2 x 2BR/1BA, 2 x 1BR/1BA
Multifamily Units 4

Additional Details

Tenant in Place Yes

Building Details

Year Built 1906
Listing Agency: Exp Realty, LLC
Listed By: Patton Hall
Source: Pattonhall
Added: Nov 6 Changed: Nov 8 Last Checked: Nov 8 at 6:15AM

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 1906, this 2,518-square-foot residential property contains four apartments: two with two bedrooms and one bathroom each, and two with one bedroom and one bathroom each. Heating is all-electric, and carpeting was updated within the past five years. One unit is occupied under a month-to-month lease.

The property is at 805 W North Street in Muncie, a few minutes from Ball State University’s campus.

Key Highlights

  • Four apartments: two 2‑bedroom, 1‑bathroom units and two 1‑bedroom, 1‑bathroom units
  • 2,518 square feet; built in 1906
  • All‑electric heating in each apartment

Property Analytics

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Lease Details

4
Residential units

Location Intelligence

Trade Area within ½ mile

1,137
Businesses Nearby

Demographics for 47303, IN

24,069
Population
11,567
Households
2.1
Avg Household Size
30
Median Age
25%
College-Educated
90%
High-School Grad
58.0 sq mi
ZIP Area
415
Density / Sq Mi
$42,556
Median Household Income
$22,497
Median Earnings
$883
Median Rent
$106,600
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?
Quadplex - Apartments include a mix of one- and two-bedroom layouts, each with all-electric heating.
Where is this quadplex located?
The property is located at 805 W North Street Muncie, IN.
What is the asking price?
The asking price for this property is $179,900.
What are key features of this property?
This property features: Four apartments: two 2‑bedroom, 1‑bathroom units and two 1‑bedroom, 1‑bathroom units; 2,518 square feet; built in 1906; All‑electric heating in each apartment
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