1400 East 5th Street

Muncie, IN 47302

$110,000
Price
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Great investment opportunity! This recently updated triplex in Muncie offers strong cash flow and is ideally located just 8 minutes from Ball State University, making it perfect for student housing. The property features two 2-bedroom, 1-bath units and one 1-bedroom, 1-bath unit, all with modern updates and reliable rental income. With high demand from students and low maintenance required, this triplex is an excellent addition to any real estate portfolio. Don't miss out-schedule a showing today!Great investment opportunity! This recently updated triplex in Muncie offers strong cash flow and is ideally located just 8 minutes from Ball State University, making it perfect for student housing. The property features two 2-bedroom, 1-bath units and one 1-bedroom, 1-bath unit, all with modern updates and reliable rental income. With high demand from students and low maintenance required, this triplex is an excellent addition to any real estate portfolio. Don't miss out-schedule a showing today!
  1. Listed by Kierstyn Wood • Ferris Property Group • kiki@ferrispropertygroup.com

Property Details for 1400 East 5th Street

Subdivision Name
No Subdivision
Township
Center
Zoning
residential
LISTING UPDATED: 12/16/2024 01:27 PM

Property Details for 1400 East 5th Street

StatusActive
MLS #22010295
Days on Market43
Taxes$637 semi-annually
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Triplex
Year Built1890
Lot Size0.14 AC / 6,098 SF
CountyDelaware County

Building Information for 1400 East 5th Street

Stories-Residences3Year Built1890Building Size-Lot Size0.14 AC / 6,098 SF

Property Information for 1400 East 5th Street

Summary
Location and General Information
  • City: Muncie
  • County Or Parish: Delaware
  • Directions: GPS Friendly
  • Postal Code: 47302
  • Postal Code Plus4: 3694
  • Road Access: Not Applic
  • State Or Province: IN
Taxes and HOA Information
  • Parcel Number: 181115427008000003
  • Semi Annual Property Tax Amt: 637
  • Tax Year: 2023
  • TaxLot: 105
School Information
  • School District: Muncie Community Schools
Property
Lot Information
  • Acreage: <1/4 Acre
  • Current Use: Residential
  • Gross Area SQFT: 2054
  • Lot Size Square Feet: 6250.0
  • Lot Size Acres: 0.14
  • New Construction: False
  • Structure Type: Triplex
  • Year Built Numeric: 1890
  • Living Area Source: Assessor
Property and Assessments
  • Affected by Disclosures: No
  • Conversion: Yes
  • DPRYN: Yes
  • Legal Subdivision: Gal Sub Lot 105
  • Photos Count: 11
  • Property Attached: Yes
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Transaction Type: Sale
Green Features
  • Green Certification: No
Utilities
  • Solid Waste: No
Interior and Exterior Features
Interior Features
  • Basement Description: Partial
  • Basement YN: Yes
  • Cooling: None
  • Heating: Forced Air, Gas
  • Levels: One and One Half
Multi Family
Multi-Family Information
  • Total Units: 3
Income & Expenses
  • Expenses: 0
  • Gross Income: $23,280.00
Unit 1
  • Unit Kitchen: 120
  • Unit Levels: 1
  • Unit Rent Frequency: Monthly
  • Unit Type Type: 2 Bedroom
Unit 2
  • Unit Kitchen: 120
  • Unit Levels: 2
  • Unit Rent Frequency: Monthly
  • Unit Type Type: 1 Bedroom
Unit 3
  • Unit Kitchen: 120
  • Unit Levels: 1
  • Unit Rent Frequency: Monthly
  • Unit Type Type: 2 Bedroom
Rental
Rental Information
  • Tenant Pays: All Utilities

Property History for 1400 East 5th Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1400 East 5th Street

Taxable ValueLand$1,600Additions-Total$1,600
Tax Record2023$50 ($4 / month)
Home Facts
Beds0Lot Size6,250 SqFtStyleResidentialCountyDELAWAREAPN18-11-15-431-005.000-003

Schools near 1400 East 5th Street

This home is within Muncie Community Schools.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - PK to 12
Public - K to 5
Public - 6 to 8
Rating
School
Distance
South View Elementary School
PublicPK to 5

Muncie Central High School
PublicPK to 12

Sutton Elementary School
PublicK to 5

Wilson Middle School
Public6 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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1400 East 5th Street is a multi-family home for sale in Muncie, IN 47302. This property was listed for sale on November 6, 2024 by Ferris Property Group, it's currently listed at $110,000. It has been on the market for a total of 43 days and was last sold on August 14, 2023. This listing's school district is Muncie Community Schools. Nearby schools include South View Elementary School, Muncie Central High School and Sutton Elementary School. 1400 East 5th Street is a 0-bed, 0-bath, multi-family home built in 1890.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Ferris Property Group

Based on information from one of the following Multiple Listing Services: MIBOR MLS,IRMLS,Southern Indiana REALTORS® Association,Southeastern Indiana Board of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by MIBOR MLS,IRMLS,Southern Indiana REALTORS® Association,Southeastern Indiana Board of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.