309-311 North Jefferson Street

Muncie, IN 47305

$500,000
Price
14
Beds
8
Baths
8,220 Sq. Ft.
$61 / Sq. Ft.
8,220
Sq. Ft.
$61
per Sq. Ft.

Description

This conveniently located downtown 8 unit apartment building has 7 units currently rented. One unit, recently vacant, is being made ready for a new tenant. 6 units have two bedrooms, 2 units have one bedroom. Located in the Gilbert Historic District and zoned Central Business, it might be possible to use the building for other purposes, perhaps office spaces or shared/co-working office space or continue leasing apartments.This conveniently located downtown 8 unit apartment building has 7 units currently rented. One unit, recently vacant, is being made ready for a new tenant. 6 units have two bedrooms, 2 units have one bedroom. Located in the Gilbert Historic District and zoned Central Business, it might be possible to use the building for other purposes, perhaps office spaces or shared/co-working office space or continue leasing apartments.
  1. Listed by Melanie White • Berkshire Hathaway Indiana Realty

Property Details for 309-311 North Jefferson Street

Style
Two Story
Subdivision
None
Waterfront
No
Pet Restrictions
Yes
LISTING UPDATED: 11/15/2024 10:48 PM

Property Details for 309-311 North Jefferson Street

StatusActive
MLS #202444238
Days on Market1
Taxes$1,722 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family / Apartment Building
Year Built1916
CountyDelaware County

Building Information for 309-311 North Jefferson Street

Building/Complex309-311 N Jefferson StFloor-Stories2Residences8Pet Policy-Year Built1916Building Size-

Property Information for 309-311 North Jefferson Street

Summary
Location and General Information
  • Area: Delaware County
  • City: Muncie
  • Zip + 4: 0001
  • Zip Code: 47306
  • City Zoning: CB Central Business Zone
  • State: IN
  • Township: Center
  • Geo Latitude: 40
  • Geo Longitude: -85
  • Inside City Limits: Yes
  • Zoning Description: CENTRAL BUSINESS
  • Fips Code: 18035
  • Directions To Property: WYSOR TO JEFFERSON, S TO PROPERTY ON W SIDE OF STREET
Taxes and HOA
  • Assoc Dues Frequency: Not Applicable
  • Year Taxes Payable: 2024
  • Parcel Number Id: 18-11-10-352-008.000-003
School Information
  • School District: Muncie Community Schools
  • Elementary: East Washington Academy
  • Middle School: Northside
  • High School: Central
Parking
  • Number Of Parking Spaces: 0
Property
Lot Information
  • Class: INVESTMENT
  • Property Subtype: Apartment Building
  • Approx Lot Size Acres: 0.09
  • Lot Dimensions: 0X0
  • Lot Number: 8
  • Below Grade Unfin Sqft: 0.0
  • Total Square Feet: 8220.0
  • Upper Level Sqft: 4110.0
  • Approx Lot Size Sqft: 4000.0
  • Above Grade Finished Sqft: 8220.0
  • Below Grade Finished Sqft: 0.0
  • Total Below Grade Sqft: 0.0
  • Total Finished Sqft: 8220.0
  • Above Grade Unfin Sqft: 0.0
  • Lot Description: Lake
  • Main Level Sqft: 4110.0
Property and Assessments
  • New Construction: No
  • Year Built: 1916
  • Age: 108
  • Expiration Of Permit: 11-09-2024
  • Planned Unit Development: No
Green Features
  • Exemptions: No Exemptions
Utilities
  • Electric Company: AEP/I&M, NIPSCO
  • Sewer: City
  • Water Company: Indiana American Water Co
  • Water Utility: City
Interior and Exterior Features
Exterior Features
  • Amenities: Eat-In Kitchen, Water Heater Electric
  • Exterior: Brick
  • Outbuilding: None
  • Platted: Yes
  • Pool: No
Interior Features
  • Number of Electric Meters: 8
  • Number of Gas Meters: 8
  • Number of Dishwashers: 0
  • Number of Disposals: 0
  • Number of Dryers: 0
  • Number of Microwaves: 0
  • Number of Ranges/Ovens: 8
  • Number of Refrigerators: 8
  • Number of W/D Hookups: 0
  • Number of Washers: 0
  • Number Water Meters: 8
  • Basement: No
  • Basement/Foundation: None
  • Cooling: Central Air
  • Flooring: Vinyl
  • Heating/Fuel: Electricity, Forced Air
  • Stories: 2
  • Number of Above Grade Bedrooms: 14
  • Number of Below Grade Baths: 0
  • Number of Below Grade Bedrooms: 0
  • Total Number of Bedrooms: 14
  • Total Number of Full Baths: 8
  • Total Number of Half Baths: 0
  • Total Baths: 8
  • Number Total Rooms Below Grade: 0
  • Num Of 1 Bedrooms: 2
  • Num Of 2 Bedrooms: 6
  • Num Of 3 Bedrooms: 0
  • Num Of 4 Bedrooms: 0
Multi Family
Multi-Family Information
  • Num of Efficiencies: 0
  • Num of Units Rented: 7
  • Number of Buildings: 1
  • Number of Units: 8
Income & Expenses Information
  • Annual Electric Expense: $.00
  • Annual Fuel Expense: $.00
  • Annual Gross Rent $: $61,308
  • Annual Insurance Expense: $0
  • Annual Maint. Expense: $0
  • Annual Misc: $0
  • Annual Net Income: $59,586
  • Annual Property Tax: $1,722
  • Annual Trash Expense: $0
  • Annual Water/Sewer Exp: $0
  • Gross Monthly Income: $5,109
  • Gross Monthly Rent: $5,109
Unit Information
Unit 1
  • Unit 1-Num of Bathrooms: 1
  • Unit 1-Num of Bedrooms: 2
  • Unit 1-Basement: No
  • Unit 1-Currently Rented: Yes
  • Unit 1-Garage: No
  • Unit 1-Laundry Room: None
  • Unit 1-Lease Exp Date: 11-01-2025
  • Unit 1-Level: Main
  • Unit 1-Rent Frequency: Monthly
  • Unit 1-Unit Number: 11
  • Unit 1-Unit Rent $: $584
Unit 2
  • Unit 2-Num of Bedrooms: 1
  • Unit 2-Num of Rooms: 2
  • Unit 2-Basement: No
  • Unit 2-Currently Rented: Yes
  • Unit 2-Laundry Room: None
  • Unit 2-Lease Exp Date: 07-01-2025
  • Unit 2-Level: Main
  • Unit 2-Rent Frequency: Monthly
  • Unit 2-Unit Number: 12
  • Unit 2-Unit Rent $: $675
Unit 3
  • Unit 3-Num of Bathrooms: 1
  • Unit 3-Num of Bedrooms: 1
  • Unit 3-Basement: No
  • Unit 3-Currently Rented: No
  • Unit 3-Garage: No
  • Unit 3-Laundry Room: None
  • Unit 3-Level: Main
  • Unit 3-Rent Frequency: Monthly
  • Unit 3-Unit Number: 13
  • Unit 3-Unit Rent $: $650
Unit 4
  • Unit 4-Num of Bedrooms: 1
  • Unit 4-Basement: No
  • Unit 4-Currently Rented: Yes
  • Unit 4-Garage: No
  • Unit 4-Laundry Room: None
  • Unit 4-Level: Main
  • Unit 4-Rent Frequency: Monthly
  • Unit 4-Unit Number: 12
  • Unit 4-Unit Rent $: $650
Unit 5
  • Unit 5-Num of Bedrooms: 2
  • Unit 5-Basement: No
  • Unit 5-Currently Rented: Yes
  • Unit 5-Garage: No
  • Unit 5-Laundry Room: None
  • Unit 5-Lease Exp Date: 04-01-2025
  • Unit 5-Level: Upper
  • Unit 5-Rent Frequency: Monthly
  • Unit 5-Unit Number: 21
  • Unit 5-Unit Rent $: $675
Unit 6
  • Unit 6-Num of Bathrooms: 1
  • Unit 6-Num of Bedrooms: 2
  • Unit 6-Basement: No
  • Unit 6-Currently Rented: Yes
  • Unit 6-Garage: No
  • Unit 6-Laundry Room: None
  • Unit 6-Lease Exp Date: 04-01-2025
  • Unit 6-Level: Upper
  • Unit 6-Rent Frequency: Monthly
  • Unit 6-Unit Number: 22
  • Unit 6-Unit Rent $: $675
Rental
Rental Information
  • Lease Term: 1 Year
  • Owner Pays: Building Insurance, Maintenance, Sewer, Tax
  • Tenant Pays: Cooling, Electric, Fuel, Heating, Trash Collection, Water

Property History for 309-311 North Jefferson 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 309-311 North Jefferson Street

Taxable ValueLand$7,000Additions$73,700Total$80,700
Tax Record2023$1,722 ($144 / month)
Home Facts
Total Finished SqFt8,220 SqFtAbove Grade Finished SqFt8,220 SqFtStories2Lot Size4,000 SqFtStyleMulti-Family Res (5+ Units)Year Built1916CountyDELAWAREAPN18-11-10-352-008.000-003

Schools near 309-311 North Jefferson Street

This home is within Muncie Community Schools.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - PK to 12
Public - 6 to 8
Public - 6 to 12
Rating
School
Distance
East Washington Academy
PublicPK to 5

Muncie Central High School
PublicPK to 12

Northside Middle School
Public6 to 8

Muncie Area Career Center
Public6 to 12

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.

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309-311 North Jefferson Street is a multi-family home for sale in Muncie, IN 47305. This property was listed for sale on November 15, 2024 by Berkshire Hathaway Indiana Realty, it's currently listed at $500,000. It has been on the market for a total of 1 days and was last sold on May 15, 2009. This listing's school district is Muncie Community Schools. Nearby schools include East Washington Academy, Muncie Central High School and Northside Middle School. 309-311 North Jefferson Street is a 14-bed, 8-bath, 8,220 sqft multi-family home built in 1916.

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Listing Courtesy of Berkshire Hathaway Indiana Realty

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