720 West Jackson Street

Muncie, IN 47305

$140,000
Price
—
Beds
3,888 Sq. Ft.
$36 / Sq. Ft.
3,888
Sq. Ft.
$36
per Sq. Ft.

Description

Investor Alert! Discover a remarkable investment package conveniently located near downtown Muncie. Part of a broader offering of 19 units across 7 properties on 5 parcels (totaling $538K), this particular deal is a 5 unit apartment building. Buy only this property, combine it with other listings, or acquire the entire portfolio. Flexibility is yours. Situated at 720-722.5 W Jackson St, this 5 unit property features three units on the bottom level and two units on top. Four units have 1 bedroom and...Investor Alert! Discover a remarkable investment package conveniently located near downtown Muncie. Part of a broader offering of 19 units across 7 properties on 5 parcels (totaling $538K), this particular deal is a 5 unit apartment building. Buy only this property, combine it with other listings, or acquire the entire portfolio. Flexibility is yours. Situated at 720-722.5 W Jackson St, this 5 unit property features three units on the bottom level and two units on top. Four units have 1 bedroom and 1 bathroom and the fifth is an efficiency unit. Electricity and gas are separately metered for the four 1br units and the efficiency unit runs off another units elec/gas, Water/sewer are currently on a shared meter, presenting an opportunity for utility restructuring to add additional value and enhance your ROI. There is also a potential to combine the efficiency unit with the adjacent 1br unit, creating a larger 2br unit and taking the property from commercial to residential, which opens up more financing opportunities. The property is a major fixer and needs work both inside and out but it has a ton of potential. It is located in the Old West End Historic District, which is currently experiencing a good amount of revitalization and is within walking distance of downtown and the central business district! All properties in this portfolio are vacant, offering a blank canvas for renovations. Condition levels vary, and the pricing reflects their as-is status-giving savvy investors a prime opportunity to add value and maximize returns. Located within about one mile of each other in and around downtown Muncie, these homes also benefit from convenient access to local amenities and public transportation, further enhancing rental demand. Whether you're looking to expand your portfolio with cash-flowing rentals or prefer a flip strategy, this package provides a golden chance to invest in a rapidly improving area. Don't miss out on these versatile properties-capitalize on this uni
  1. Listed by Peter Stewart • Keller Williams Indpls Metro N • peter@peterstewartrealty.com

Property Details for 720 West Jackson Street

Architectural Style
TraditonalAmerican
Township
Delaware
Waterfront
No
Zoning
R5
LISTING UPDATED: 01/10/2025 12:07 PM

Property Details for 720 West Jackson Street

StatusActive
MLS #22015522
Days on Market4
Taxes$744 semi-annually
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeCommercial Sale / Multi-Family 5+
Year Built1900
Lot Size0.18 AC / 7,840 SF
CountyDelaware County

Building Information for 720 West Jackson Street

Stories-Residences5Year Built1900Building Size-Lot Size0.18 AC / 7,840 SF

Property Information for 720 West Jackson Street

Summary
Location and General Information
  • City: Muncie
  • County Or Parish: Delaware
  • Directions: GPS Friendly
  • Postal Code: 47305
  • State Or Province: IN
  • View: No
Taxes and HOA Information
  • Parcel Number: 181109460010000003
  • Semi Annual Property Tax Amt: 744
  • Tax Year: 2023
  • TaxLot: 5
School Information
  • School District: Muncie Community Schools
Owner
  • Owner Pays: Sewer, Water
Parking
  • Garage Spaces: 4.0
Property
Lot Information
  • Acreage: <1/4 Acre
  • Current Use: Vacant
  • Lot Description: Corner Lot
  • Lot Size Square Feet: 7750.0
  • Lot Size Acres: 0.18
  • New Construction: False
  • Space Available: 3888
  • Structure Type: Apartment Building
  • Sq Ft Total: 3888.0
  • Year Built Numeric: 1900
  • Living Area Source: Assessor
Property and Assessments
  • Affected by Disclosures: No
  • Conversion: No
  • DPRYN: No
  • Legal Subdivision: KIL ADD LOT 5
  • Photos Count: 50
  • Property Sub Type: Multi-Family 5+
  • Property Type: Commercial Sale
  • Transaction Type: Sale
Green Features
  • Green Certification: No
Utilities
  • Utilities: Sep Electric Meter, Sep Gas Meter, Water Connected
Interior and Exterior Features
Interior Features
  • Basement Description: Partial, Unfinished
  • Basement YN: Yes
  • Cooling: None
  • Heating: Forced Air
  • Levels: Two
  • Laundry Features: No Laundry Facil.
  • Multi Baths: 5
  • Multi Beds: 5
Multi Family
Multi-Family Information
  • Total Units: 5
  • Garage Parking: Parking Garage, Other
Unit 1
  • Unit Kitchen: 100
  • Unit Levels: 1
  • Unit Rent Frequency: Monthly
  • Unit Utilities: Cl None,Fuel Elec,Fuel Gas,Heat Forced
  • Unit Type Type: Efficiency
Unit 2
  • Unit Kitchen: 100
  • Unit Levels: 1
  • Unit Rent Frequency: Monthly
  • Unit Utilities: Cl None,Fuel Elec,Fuel Gas,Heat Forced
  • Unit Type Type: 1 Bedroom
Rental
Rental Information
  • Tenant Pays: Electricity, Gas

Property History for 720 West Jackson 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 720 West Jackson Street

Taxable ValueLand$3,400Additions$70,400Total$73,800
Tax Record2022$1,696 ($141 / month)
Home Facts
Baths4Total Finished SqFt3,888 SqFtAbove Grade Finished SqFt3,888 SqFtStories2Lot Size7,750 SqFtStyleMulti-Family Dwelling (2-4)Year Built1900CountyDELAWAREAPN18-11-09-460-010.000-003

Schools near 720 West Jackson Street

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

Muncie Central High School
PublicPK to 12

Northside Middle School
Public6 to 8

Storer Elementary School
PublicPK to 5

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

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

Homes for Sale near Old West End

Neighborhoods

Cities

ZIPs

More information about 720 West Jackson Street, Muncie, IN 47305

720 West Jackson Street is a multi-family home for sale in Muncie, IN 47305. This property was listed for sale on January 8, 2025 by Keller Williams Indpls Metro N, it's currently listed at $140,000. It has been on the market for a total of 4 days and was last sold on May 10, 2019. This listing's school district is Muncie Community Schools. Nearby schools include South View Elementary School, Muncie Central High School and Northside Middle School. 720 West Jackson Street is a 0-bed, 0-bath, 3,888 sqft multi-family home built in 1900.

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 Keller Williams Indpls Metro N

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.