Multifamily

Muncie, IN Multifamily Properties for Sale

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Three-Unit Residential Income Property
Updated: Jan 9
Three-Unit Residential Income Property

708 W Jackson Street, Muncie, IN 47305

$115,000
2,700 sqft 0.09 AC lot
3‑unit property with two 2‑bedroom/1‑bath units and one 1‑bedroom/1‑bath unit
All 3 units are currently leased
Gross monthly rental income at full occupancy is $2,070
Landlord pays gas; tenants pay electricity, water, and sewage
Year built: 1890
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Two-Building Apartment Quadplex
Updated: Jun 13
Two-Building Apartment Quadplex

2234 W Memorial Drive, Muncie, IN 47302

$239,900
0.34 AC lot
100% occupied 4‑unit property with two buildings (two units per building)
Unit mix: three 2BR units and one 1BR unit
Front building updates: brand new roof, new siding, luxury vinyl plank flooring, new door, trim and base, and freshly painted interiors
Front unit renovations include a renovated bathroom with full tub and another unit with a nicely renovated interior
Back building has partial updates with new siding and partial new roof
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Three-Unit Multifamily Package
Three-Unit Multifamily Package

617 W Memorial Drive, Muncie, IN 47302

$199,900
1,134 sqft 0.11 AC lot

For-sale three-unit multifamily package includes units on three separate addresses in Muncie, Indiana.

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Triplex Investment Property
Triplex Investment Property

1709-1711 S Blaine Street, Muncie, IN 47302

$85,000

For sale triplex in Muncie, IN, offering three rental units under a single ownership structure.

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Renovation-Ready Duplex for Investors
Renovation-Ready Duplex for Investors

1205 S Jefferson Street, Muncie, IN 47302

$50,000
1,876 sqft 0.11 AC lot

Duplex with two separate units at 1205 and 1205 1/2 S Jefferson Street, sold as-is and ready for renovation.

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Renovation-Ready Duplex for Sale
Renovation-Ready Duplex for Sale

1205 S Jefferson Street, Muncie, IN 47302

$50,000
1,876 sqft 0.11 AC lot

Duplex with two separate units at 1205 S Jefferson Street, sold as-is and ready for renovation.

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Four-Unit Income Property
Four-Unit Income Property

407 N Monroe Street, Muncie, IN 47305

$212,000
0.11 AC lot

Four separately metered units provide two-bedroom residential income with recent interior and exterior renovations.

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Updated Triplex
Updated Triplex

907 W Main Street, Muncie, IN 47305

$165,000
0.16 AC lot

Three recently updated units generate monthly rent of $775, $725, and $725.

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Two-Story Duplex Income Property
Two-Story Duplex Income Property

220 S Gharkey Street, Muncie, IN 47305

$74,900
0.08 AC lot

Two-story duplex with separate side entrance for the upstairs unit and a larger downstairs three-bedroom layout.

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Based on your search, we've compiled 80 Potential Opportunities for your consideration. Besides 9 Active listings in Muncie, IN, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 63 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

All-Electric Triplex with Detached Garage
All-Electric Triplex with Detached Garage

933 S 14TH ST, New Castle, IN 47362

$129,900
2,736 sqft 0.18 AC lot

Triplex offers three separately metered units, off-street parking for 5–7 vehicles, and a 1.5-car detached garage with electricity.

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Two-Unit Duplex with Private Garages
Two-Unit Duplex with Private Garages

1618 Plymouth Drive, New Castle, IN 47362

$229,900
0.21 AC lot

Well-maintained duplex with two separate units, each offering 2 bedrooms, 1.5 bathrooms, and a private detached garage.

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Duplex with Shared Washer/Dryer
Duplex with Shared Washer/Dryer

1202 E 8th, Anderson, IN 46012

$200,000
0.13 AC lot

Duplex completed in 2016 with shared basement washer/dryer and individually metered electric serving two leased units.

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Versatile Mixed-Use Property For Sale
Versatile Mixed-Use Property For Sale

2500 E 10th St, Anderson, IN 46012

$595,000

Mixed-use property with commercial, industrial, and residential spaces.

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Potential Development Sites for Consideration

Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

Wooded Homesite in Wheatfield, Indiana
Wooded Homesite in Wheatfield, Indiana

4418 Oakland Court, Wheatfield, IN 46392

Contact for pricing
0.57 AC lot

Spacious, wooded 0.57-acre lot in established neighborhood.

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Residential Land in Mount Gilead
Residential Land in Mount Gilead

7326 State Route 19, Mount Gilead, OH 43338

Contact for pricing
0.40 AC lot

Land available in Mount Gilead with lake amenities.

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Residential Land in Mount Gilead
Residential Land in Mount Gilead

7326 State Route 19, Unit 6, Lots 90,91,92, Mount Gilead, OH 43338

Contact for pricing
0.40 AC lot

Land for sale with lake amenities in Mount Gilead.

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University Park Developable Land
University Park Developable Land

976 Mesa Court, University Park, IL 60484

Contact for pricing
3.20 AC lot

3.2 acres with 24 concrete housing pads in University Park.

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Off-Market Properties in Muncie, IN

Consider similar Off-Market properties in Muncie, IN. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

109 Main St
APARTMENT HOUSE (UNDER 5 UNITS)

109 Main St, Muncie, IN 47305-2817

Value Estimation by Request
4,992 sqft 0.05 AC lot
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2824 Memorial Dr
APARTMENT HOUSE (UNDER 5 UNITS)

2824 Memorial Dr, Muncie, IN 47302-4700

Value Estimation by Request
2,912 sqft 0.33 AC lot
View details
1806 Purdue Ave
APARTMENT HOUSE (UNDER 5 UNITS)

1806 Purdue Ave, Muncie, IN 47304-1453

Value Estimation by Request
4,680 sqft 0.48 AC lot
View details
1504 Yale Ave
MOBILE HOME PARK, TRAILER PARK

1504 Yale Ave, Muncie, IN 47303-1346

Value Estimation by Request
0.39 AC lot
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2210 Memorial Dr
MOBILE HOME PARK, TRAILER PARK

2210 Memorial Dr, Muncie, IN 47302

Value Estimation by Request
3.95 AC lot
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2400 Blk W Kilgore Ave
MOBILE HOME PARK, TRAILER PARK

2400 Blk W Kilgore Ave, Muncie, IN 47304

Value Estimation by Request
17.56 AC lot
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2800 9th St
MOBILE HOME PARK, TRAILER PARK

2800 9th St, Muncie, IN 47302

Value Estimation by Request
7.99 AC lot
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1110 Snowmass Ln, Unit 1116
APARTMENT HOUSE (UNDER 5 UNITS)

1110 Snowmass Ln, Muncie, IN 47304-5008

Unit 1116
Value Estimation by Request
5,444 sqft 0.32 AC lot
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1410 Bowman St
APARTMENT HOUSE (UNDER 5 UNITS)

1410 Bowman St, Muncie, IN 47304-2792

Value Estimation by Request
2,430 sqft 0.15 AC lot
View details
220 Walnut St
APARTMENT HOUSE (UNDER 5 UNITS)

220 Walnut St, Muncie, IN 47305-1720

Value Estimation by Request
7,424 sqft 0.09 AC lot
View details
1921 8th St
APARTMENT HOUSE (UNDER 5 UNITS)

1921 8th St, Muncie, IN 47302-2185

Value Estimation by Request
2,204 sqft 0.23 AC lot
View details
2001 Enterprise Ave
APARTMENT HOUSE (UNDER 5 UNITS)

2001 Enterprise Ave, Muncie, IN 47304-5800

Value Estimation by Request
2,400 sqft 0.47 AC lot
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109 Council St
APARTMENT HOUSE (UNDER 5 UNITS)

109 Council St, Muncie, IN 47305-1583

Value Estimation by Request
3,858 sqft 0.14 AC lot
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6215 Taylor Rd
APARTMENT HOUSE (UNDER 5 UNITS)

6215 Taylor Rd, Muncie, IN 47304-4771

Value Estimation by Request
10,984 sqft 0.83 AC lot
View details
5500 Keller Rd
APARTMENT HOUSE (UNDER 5 UNITS)

5500 Keller Rd, Muncie, IN 47304-8946

Value Estimation by Request
6,254 sqft 0.47 AC lot
View details

Muncie, IN Multifamily Properties Market Trends and Statistics

Explore 72 multifamily properties for sale in Muncie, IN, showcased through 9 active listings on our real estate platform. These investment opportunities span a total of 5,710 square feet of properties for sale, with an estimated market value of $364,900.

Sale prices for multifamily properties in Muncie, IN start at $50,000, averaging $121,633, and reaching up to $199,900 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

Triplexes 4
Duplexes 2
Quadplexes 2

Demographics Overview

Population 88K
Population Growth (5Y) -2.7%
Median Household Income $52,923
College Educated 37.1%

High-Yield Neighborhoods for Investment

Identify Muncie submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood Average Price
47303 $164.9K
47305 $172.8K
47302 $176.2K
47304 $4.2M

Taxes & Financing

Tax Rate (average for all types) 2.15%
Property Tax per SF $47.73 per SF
Tax Rate vs County Average 0.11 pp above county avg
Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Delaware County

New Delisted

Total CRE Inventory on Market (SF)

Property Size Breakdown

The majority of commercial real estate listings in Muncie fall within the 100,000+ square foot range.

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