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    Muncie, IN Residential Income Properties for Sale

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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
    Updated: Jul 27
    Duplex with Updated Interiors

    216 S Dill Street, Muncie, IN 47303

    $139,900
    1,440 sqft 0.20 AC lot
    1,440 SF duplex on a 0.2‑acre lot
    One two‑story unit and one single‑level unit
    Both residences are currently vacant
    Recent improvements include paint, flooring, carpet, and appliances
    Refrigerator and range included in each unit
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    Turnkey Single-Family Rental Portfolio
    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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    See what stands out in Delaware County

    We check every for-sale listing in the county against comparable properties across the country. Most price about where you would expect. A few are worth a second look.

    We check every listing here. A few are worth a second look.

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    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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    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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    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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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    8-Unit Remodeled Apartment Community
    8-Unit Remodeled Apartment Community

    709 S Hutchinson Avenue, Muncie, IN 47303

    $665,000
    0.45 AC lot

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

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    Three-Unit Triplex with Covered Porch
    Three-Unit Triplex with Covered Porch

    1112-1114 N Elm St, Muncie, IN 47303

    $125,000
    1,868 sqft

    Three rental units combine separate kitchens and baths with varied interior updates.

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    Live-Work Industrial Property
    Live-Work Industrial Property

    313 W 5th Street, Muncie, IN 47302

    $139,900
    1,014 sqft 0.78 AC lot

    Operating machine shop, additional pole barn, and a fenced site with a 2-bedroom rental home.

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    Rented 4BR Single-Family Home
    Rented 4BR Single-Family Home

    1623 W Janney Avenue, Muncie, IN 47304

    $114,900
    1,193 sqft 0.15 AC lot

    Four-bedroom, one-bath home is leased through February 28, 2027 and includes a new refrigerator and range.

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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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    Leased Multifamily Investment Home
    Leased Multifamily Investment Home

    512 S Talley Avenue, Muncie, IN 47303

    $114,900
    1,191 sqft 0.16 AC lot

    Leased month-to-month investment property currently generating $925 per month.

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    Multifamily Property Package
    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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    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 4-Unit Quadplex
    Renovated 4-Unit Quadplex

    407 N Monroe Street, Muncie, IN 47305

    $212,000
    0.11 AC lot

    Four residential units offer separate gas and electric metering, two bedrooms, and a full bath per unit.

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    Commercial Land with Billboard
    Commercial Land with Billboard

    705 E McGalliard Road, Muncie, IN 47303

    $450,000
    0.75 AC lot

    McGalliard Road frontage combines vacant commercial lots with two rear residential rental properties.

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    Renovated Duplex with Appliances
    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 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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    Duplex Investment Property
    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
    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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    Two-Unit Duplex with Vacant Unit
    Two-Unit Duplex with Vacant Unit

    212 N Elm St, Muncie, IN 47305

    $150,000
    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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    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.

    View details

    Muncie, IN Residential Income Properties Market Trends and Statistics

    Explore 72 residential income properties for sale in Muncie, IN, showcased through 30 active listings on our real estate platform. These investment opportunities span a total of 77,816 square feet of properties for sale, with an estimated market value of $5,560,400.

    Sale prices for residential income properties in Muncie, IN start at $42,500, averaging $205,940, 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

    Multifamily properties 25
    Duplexes 8
    Triplexes 8
    Single family properties 4
    Apartment buildings 3

    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 $123.5K
    47305 $176.3K
    47303 $179.9K
    47304 $229.9K

    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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    Popular Searches in Muncie, IN

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    Most Searched ZIP Codes in Muncie, IN

    • 47303
    • 47302
    • 47305
    • 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
    Starr Real Estate Inc
    1711 W Royale Dr. Muncie, IN 47304
    Phone: 17652881711
    paulstarrhomes.com

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