Muncie, IN Multifamily Properties for Sale

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Updated: Jul 27

Duplex with Recent Renovations

216 S Dill Street, Muncie, IN 47303

$139,900

1,440 sqft 0.20 AC lot

Two recently vacant units in a duplex at 216 S Dill Street
Recent renovations include new appliances, flooring and carpet, and fresh paint
Each unit includes refrigerator and range
Shared stackable washer and dryer included
Downstairs‑and‑up layout on one side; one‑level living room, bedroom, kitchen, bathroom on the other

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Updated: Aug 27

Two-Story Triplex

1112-1114 N Elm Street, Muncie, IN 47303

$135,000

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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Two-Home Multifamily Property

1307 S Ebright Street, Muncie, IN 47302

$120,000

1,040 sqft 0.12 AC lot

Separate residences on one parcel provide an income-producing configuration with current leases extending into 2027.

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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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Turnkey Single-Family Rental Portfolio

3114 W Devon Road, Muncie, IN 47304

$415,000

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-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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Multifamily Property Package

617 W Memorial Drive, Muncie, IN 47302

$199,900

1,134 sqft 0.11 AC lot

Sale includes three identified properties with unit and parcel references across Muncie.

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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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Duplex Requiring Renovation

1205 S Jefferson Street, Muncie, IN 47302

$42,500

1,876 sqft 0.11 AC lot

Duplex sold as-is with two separate units and wood and laminate flooring, built in 1898.

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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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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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Renovated Duplex with Appliances

216 S Dill St, Muncie, IN 47303

$139,900

1,440 sqft

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

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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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Duplex Investment Property

512 S Talley Avenue, Muncie, IN 47303

$114,900

1,191 sqft

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

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Three-Bedroom Multifamily Property

1602 W Adams St, Muncie, IN 47303

$104,900

1,030 sqft

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

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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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Historic Mid-Rise Apartment Building

522 West Adams Street, Muncie, IN 47305

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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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Four-Unit Multifamily Property

404 W Main St, Muncie, IN 47305

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3,812 sqft

Two-story four-unit building on a corner lot with multiple 1BR units and additional loft space.

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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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Updated Duplex with Laundry

1925 Jackson St, Muncie, IN 47305

$275,000

Two rental units offer substantial bedroom capacity, basement laundry, and dedicated off-street parking.

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Two-Unit Duplex with Vacant Unit

212 N Elm St, Muncie, IN 47305

$150,000

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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Renovated 12-Unit Apartment Building

326 W Charles Street, Muncie, IN 47305

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12,860 sqft

Historic architectural details, in-unit appliances, laundry, and a workout facility serve a 12-unit residential configuration.

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Three-Unit Triplex with Basement

421 S Talley Avenue, Muncie, IN 47303

$174,900

Separate apartments include tenant laundry space and utilities.

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Triplex with Attached Garage

1901 W Riggin Road, Muncie, IN 47304

$159,900

Three-unit property with separate utilities, varied layouts, and appliances included.

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Muncie, IN Multifamily Properties Market Trends and Statistics

Explore 72 multifamily properties for sale in Muncie, IN, showcased through 39 active listings on our real estate platform. These investment opportunities span a total of 85,879 square feet of properties for sale, with an estimated market value of $3,343,200.

Sale prices for multifamily properties in Muncie, IN start at $42,500, averaging $159,200, and reaching up to $415,000 — 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

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	$120.8K
47303	$134.9K
47305	$176.3K
47304	$287.5K

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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