1 of 23

1606 1606.5 S Walnut Street

Muncie, IN 47302

– beds
– baths
– sqft
4,290 sqft lot
1886 build

More homes

This duplex offers an excellent opportunity for investors looking for a great investment property! Each unit is 2-bedroom and 1 bath. The property boasts a large back yard with plenty of parking available. Some of the key highlights of this investment property is the potential for strong rental income in comparison to mortgage and located central in Muncie on a main road. Property is located 2 miles away from Ball State University. The affordability of these units makes them highly desirable for tenants and a big opportunity to help build equity and create cash flow. Please do not schedule a viewing until reading the full listing. This property has great potential, but will need a complete rehab.

Listing courtesy of MIBOR / Starr Real Estate, Inc.

Last checked: Checking… • Last updated Oct 24, 2023 •

MLS# 21928141 —

The Building

Year Built:

1886
New Construction:

false
Levels:

One and One Half
Roof:

Shingle
Foundation Details:

Brick
Green Certification:

No
Gross Area SqFt:

1518

Financial & Terms

Buyer Financing:

Cash

Location

Directions:

Memorial to Walnut head N, Property on the right before 9th St
Latitude:

40.180928
Longitude:

-85.386169

The Property

View:

true
Property Type:

Residential Income
Property Subtype:

Duplex
Property Attached:

true
Parcel Number:

181115355002000003
Acres:

<1/4 Acre
Lot Size Acres:

0.1
Lot Size SqFt:

4,290 Sqft
Price Per Acre:

300000
Zoning:

residential
Current Use:

Apt<20, Vacant
Road Access:

Not Applic

Listing Agent

Contact info:

Taxes

Tax Year:

2023
Semi Annual Property Tax Amt:

396

Heating & Cooling

Heating:

Baseboard
Cooling:

None

Utilities

Building Utilities:

Sewer,Water
Solid Waste:

No

Schools

High School District:

Muncie Community Schools

The Community

Subdivision Name:

Grays Add

Parking

Parking:

Unpaved
Parking Features:

Gravel
Garage Spaces:

2

Extra Units

# of Units Total:

2

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
10/24/23 Oct 24, 2023	Sold	MIBOR	$30,000	-24.8%
10/16/23 Oct 16, 2023	Pending	MIBOR	$39,900
9/12/23 Sep 12, 2023	Relisted	MIBOR	$39,900

Multifamily Sold on 10/24/2023

$30,000

Listing provided by broker:

Heather Clemmons

Starr Real Estate, Inc.

propertieswithheather@gmail.com

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Listing Courtesy of: MIBOR and Starr Real Estate, Inc..

IDX information is provided exclusively for consumers’ personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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1606 1606.5 S Walnut Street

Muncie, IN 47302