316 S Monroe St

Muncie, IN 47305

$545,000
Price
—
Beds
—
Baths
2,436 Sq. Ft.
$224 / Sq. Ft.
2,436
Sq. Ft.
$224
per Sq. Ft.

Description

Historic 12-unit gem in Downtown Muncie's Emily Kimbrough Historic District! Walk to shops/dining & a 10-minute bike ride to Ball State University. Situated in an Opportunity Zone-ideal for tax-advantaged investing. Six 1-bed/1-bath units feature a new roof, fresh paint, and repaired boiler. On-site laundry + parking included. A high-performing asset with modern updates and strong cash flow. Perfect for investors seeking a turnkey portfolio boost-act fast!Historic 12-unit gem in Downtown Muncie's Emily Kimbrough Historic District! Walk to shops/dining & a 10-minute bike ride to Ball State University. Situated in an Opportunity Zone-ideal for tax-advantaged investing. Six 1-bed/1-bath units feature a new roof, fresh paint, and repaired boiler. On-site laundry + parking included. A high-performing asset with modern updates and strong cash flow. Perfect for investors seeking a turnkey portfolio boost-act fast!
  1. Listed by Deonte Brown • eXp Realty, LLC • deonte.brown@exprealty.com

Property Details for 316 South Monroe Street

Township
Center
Waterfront
No
Zoning
R5
LISTING UPDATED: 03/02/2025 07:20 PM

Property Details for 316 South Monroe Street

StatusActive
MLS #22022464
Days on Market40
Taxes$3,473 semi-annually
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeCommercial Sale / Multi-Family 5+
Year Built1905
Lot Size0.09 AC / 3,920 SF
CountyDelaware County

Building Information for 316 South Monroe Street

Stories-Residences13Year Built1905Building Size-Lot Size0.09 AC / 3,920 SF

Property Information for 316 South Monroe Street

Summary
Location and General Information
  • City: Muncie
  • County Or Parish: Delaware
  • Directions: GPS Friendly
  • Postal Code: 47305
  • Postal Code Plus4: 2642
  • State Or Province: IN
Taxes and HOA Information
  • Parcel Number: 181115131004000003
  • Semi Annual Property Tax Amt: 3473
  • Tax Year: 2023
  • TaxLot: 5
  • Tax Block: 6
School Information
  • School District: Muncie Community Schools
Owner
  • Owner Pays: Gas, Taxes, Sewer, Water
Property
Lot Information
  • Acreage: <1/4 Acre
  • Current Use: Apt<20
  • Lot Size Square Feet: 3840.0
  • Lot Size Acres: 0.09
  • New Construction: False
  • Space Available: 2436
  • Structure Type: Apartment Building
  • Sq Ft Total: 2436.0
  • Year Built Numeric: 1905
  • Living Area Source: Assessor
Property and Assessments
  • Affected by Disclosures: No
  • DPRYN: No
  • Legal Subdivision: Cof 1 Add Blk 6 N 48 Ft Of W 80 Ft L 5
  • Photos Count: 10
  • Property Sub Type: Multi-Family 5+
  • Property Type: Commercial Sale
  • Transaction Type: Sale
Green Features
  • Green Certification: No
Utilities
  • Building Utilities: Separate Gas Meter,Sewer,Water
  • Utilities: Cable Connected, Electricity Connected, Gas, Sep Electric Meter, Sewer Connected, Water Connected
Interior and Exterior Features
Interior Features
  • Basement YN: Yes
  • Levels: Three Or More
  • Laundry Features: Common Laundry
Multi Family
Multi-Family Information
  • Total Units: 13
Unit 1
  • Unit Kitchen: 100
  • Unit Levels: 1
  • Unit Rent Frequency: Monthly
  • Unit Utilities: Fuel Gas,Heat Steam

Property History for 316 South Monroe 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 316 South Monroe Street

Taxable ValueLand$3,400Additions$248,100Total$251,500
Tax Record2023$6,947 ($579 / month)
Home Facts
Total Finished SqFt9,744 SqFtAbove Grade Finished SqFt9,744 SqFtStories4Lot Size3,840 SqFtStyleMulti-Family Res (5+ Units)Year Built1905CountyDELAWAREAPN18-11-15-131-004.000-003

Schools near 316 South Monroe 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 - K 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 Virtual Academy
PublicK 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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316 South Monroe Street is a multi-family home for sale in Muncie, IN 47305. This property was listed for sale on February 17, 2025 by eXp Realty, LLC, it's currently listed at $545,000. It has been on the market for a total of 40 days and was last sold on April 25, 2023. This listing's school district is Muncie Community Schools. Nearby schools include East Washington Academy, Muncie Central High School and Northside Middle School. 316 South Monroe Street is a 0-bed, 0-bath, 2,436 sqft multi-family home built in 1905.

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 eXp Realty, LLC

Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 03/29/2025 07:40 AM. All data is obtained from various sources and may not have been verified by broker orMLS GRID. Supplied Open House Information is subject to change without notice. All informationshould be independently reviewed and verified for accuracy. Properties may or may not be listed bythe office/agent presenting the information.