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    Muncie, IN Multifamily Properties for Sale

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    Duplex with Separate Apartment
    Updated: Oct 4
    Duplex with Separate Apartment

    107 S Dicks Street, Muncie, IN 47303

    $229,900
    2,744 sqft 0.16 AC lot
    2,744 square feet on a 0.16‑acre lot
    South unit offers five bedrooms and 2.5 bathrooms across two stories
    Separate apartment on the north side
    Renovation around 2008 included wiring, plumbing, heating, siding, and windows
    Central air and gas‑log fireplace
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    Two-Story Triplex
    Updated: Aug 27
    Two-Story Triplex

    1112-1114 N Elm Street, Muncie, IN 47303

    $125,000
    1,868 sqft 0.18 AC lot
    Three‑unit configuration with two 1‑bedroom residences and one 2‑bedroom residence
    1,868 square feet on a 0.184‑acre parcel
    Separate living areas, kitchens, and bathrooms for each unit
    Built in 1893 with updated flooring, cabinetry, and finishes in portions of the property
    Covered front porch, vinyl siding, and asphalt shingle roof
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    Duplex with Updated Interiors
    Duplex with Updated Interiors

    216 S Dill Street, Muncie, IN 47303

    $127,000
    1,440 sqft 0.20 AC lot

    Two-unit residential property with distinct floor plans, shared laundry, and included kitchen appliances.

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    See hot listings in Muncie

    Scored against comparables nationwide. These are worth a look.

    Scored against comparables nationwide. These are worth a look.

    Cap Rate available after sign in
    Est. NOI available after sign in
    Local Demand available after sign in
    Remodeled 8-Unit Apartment Building
    Remodeled 8-Unit Apartment Building

    709 S Hutchinson Avenue, Muncie, IN 47303

    $665,000
    5,432 sqft

    Two buildings feature updated interiors, washer/dryer hookups, and paved off-street parking on a nearly half-acre site.

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    Turnkey Single-Family Rental Portfolio
    Turnkey Single-Family Rental Portfolio

    3114 W Devon Road, Muncie, IN 47304

    $399,900
    5,982 sqft 0.17 AC lot

    Four tenanted, professionally managed single-family homes generating $41,880 in gross annual rent.

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    Two-Home Duplex Property
    Two-Home Duplex Property

    1307 S Ebright Street, Muncie, IN 47302

    $120,000
    1,040 sqft 0.12 AC lot

    Two separate residences share one parcel and are currently leased with tenants responsible for utilities.

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    8-Unit Remodeled Apartment Community
    8-Unit Remodeled Apartment Community

    709 S Hutchinson Avenue, Muncie, IN 47303

    $655,000
    0.45 AC lot

    Two-building multifamily property with updated residences, individual laundry hookups, paved parking, and public utilities.

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    Duplex with Five-Bedroom Unit
    Duplex with Five-Bedroom Unit

    107 S Dicks St, Muncie, IN 47303

    $229,900
    2,744 sqft

    The two-unit layout includes a two-story residence and a fully separate apartment.

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    Two-Story Triplex
    Two-Story Triplex

    708 W Jackson Street, Muncie, IN 47305

    $110,000
    2,700 sqft 0.09 AC lot

    All three apartments are leased, with two-bedroom and one-bedroom floor plans plus basement space.

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    Updated Three-Unit Triplex
    Updated Three-Unit Triplex

    907 W Main Street, Muncie, IN 47305

    $165,000
    0.16 AC lot

    Downtown property with five bedrooms, three bathrooms, and basement space across its residential configuration.

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    Leased Two-Home Duplex
    Leased Two-Home Duplex

    1307 S Ebright St, Muncie, IN 47302

    $120,000
    1,040 sqft

    Two residences on one parcel with leases extending through 2027.

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    Three-Unit Multifamily Property
    Three-Unit Multifamily Property

    708 W Jackson St, Muncie, IN 47305

    $110,000
    2,700 sqft

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

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    Renovated Duplex with Appliances
    Renovated Duplex with Appliances

    216 S Dill St, Muncie, IN 47303

    $127,000
    1,440 sqft

    Two-unit residential property with updated interiors, separate layouts, and included laundry equipment.

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    Three-Unit Triplex with Basement
    Three-Unit Triplex with Basement

    421 S Talley Ave, Muncie, IN 47303

    $174,900
    2,260 sqft

    Separate apartments include tenant laundry space and utilities.

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    Renovated Four-Unit Quadplex
    Renovated Four-Unit Quadplex

    407 N Monroe St, Muncie, IN 47305

    $212,000
    3,690 sqft

    Four residential units offer consistent layouts with separate gas and electric metering near downtown Muncie.

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    Three-Unit Multifamily Package
    Three-Unit Multifamily Package

    617 W Memorial Dr, Muncie, IN 47302

    $199,900
    1,134 sqft

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

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    Two-Unit Duplex with Vacant Unit
    Two-Unit Duplex with Vacant Unit

    212 N Elm St, Muncie, IN 47305

    $144,999
    3,049 sqft

    Both residences offer two-bedroom layouts with one-and-a-half bathrooms, while one unit is vacant and move-in ready.

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    Two-Unit Duplex
    Two-Unit Duplex

    2805 Skylark Drive, Muncie, IN 47304

    $195,000
    1,850 sqft

    Both residences are occupied under current leases, with individual garages and separate utility arrangements.

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    Duplex Investment Property
    Duplex Investment Property

    512 S Talley Avenue, Muncie, IN 47303

    $99,000
    1,191 sqft

    Occupied duplex with a month-to-month lease near IU Hospital and BSU.

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    Three-Bedroom Multifamily Property
    Three-Bedroom Multifamily Property

    1602 W Adams St, Muncie, IN 47303

    $80,000
    1,030 sqft

    Income-producing property near BSU Campus with an existing month-to-month tenancy.

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    Duplex Property Requiring Renovation
    Duplex Property Requiring Renovation

    1205 S Jefferson St, Muncie, IN 47302

    $42,500
    1,876 sqft

    Two-unit residential property offered as-is with renovation required.

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

    5500 Hazelnut Street, Muncie, IN 47304

    $195,000
    1,850 sqft

    Each occupied residence has two bedrooms, one bathroom, and a one-car garage.

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    Historic Mid-Rise Apartment Building
    Historic Mid-Rise Apartment Building

    522 West Adams Street, Muncie, IN 47305

    Contact for pricing
    33,544 sqft

    Historic mid-rise apartment building with 33 units and 33,544 SF, offered at 522 West Adams Street.

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    Updated 3-Unit Triplex
    Updated 3-Unit Triplex

    907 W Main St, Muncie, IN 47305

    $165,000

    Recently updated multifamily property in downtown Muncie with three residential units.

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    Muncie, IN Multifamily Properties Market Trends and Statistics

    Explore 72 multifamily properties for sale in Muncie, IN, showcased through 26 active listings on our real estate platform. These investment opportunities span a total of 80,604 square feet of properties for sale, with an estimated market value of $4,941,999.

    Sale prices for multifamily properties in Muncie, IN start at $42,500, averaging $205,916, and reaching up to $665,000 — 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

    Duplexes 12
    Triplexes 7
    Apartment buildings 3
    Quadplexes 1

    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
    47302 $120.6K
    47305 $140.4K
    47303 $247.5K
    47304 $302K

    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.

    How Realmo verifies these figures

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    Browse Multifamily properties for Sale Near Muncie, IN

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    Most Searched ZIP Codes in Muncie, IN

    • 47303
    • 47305
    • 47302
    • 47304

    Featured Muncie Real Estate Agencies

    Realmo connects you with licensed Muncie CRE brokers providing property specifications, local market pricing, and commercial transaction underwriting support.

    Coldwell Banker Lunsford
    3601 W. Bethel Ave. Muncie, IN 47304
    Phone: 17652892228
    www.cblunsford.com/
    RE/MAX Real Estate Groups
    2200 W. McGalliard Rd. Muncie, IN 47304
    Phone: 17652880400
    www.munciehomes.com
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