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1400 E 5th St, Muncie, IN, 47302

$110,000

Home List Price

$1,306*

Closing Credit

0 Baths
Multi

Location

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1400 E 5th St, Muncie$110,000

Buyer Closing Credits

$1,306*

1.25% Loan Amount

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Property Highlights

Home TypeTriplex
Year Built1890
HeatingForced Air, Natural Gas
CoolingNone
BasementYes
MLS #22010295
Lot Size0.14 Acres
StatusActive

About 1400 E 5th St

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!

Property Details

Property Features

Property Information:

  • Year Built: 1890

Listing Office:

  • Office Name: Ferris Property Group
  • Office Email: kiki@ferrispropertygroup.com
  • Listing Agent: Kierstyn Wood

Interior Features

Interior Information:

  • Basement: Yes

Lot Features

Lot Information:

  • Lot Size: 0.14 Acres

Utilities

Utilities Information:

  • Heating: Forced Air, Natural Gas
  • Cooling: None

Other

Directions Information:

  • Directions: GPS Friendly

Price Information

Listing Price Info

Price Summary:

  • List Price: $110,000

Tax Information:

  • Annual Amount: $908
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Muncie, IN.

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Muncie, IN

City

Med. Sold Price

$145K

Med. Price/SqFt

$98

Avg. Days On Market

23

# of Sold Homes

100

1400 E 5th St vs Muncie

39 DAYS ON ROCKET

+16 Days

$110,000

-$35K Less

KEY TAKEAWAY

This property is $35K less than the Median Sold Price in Muncie, IN.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: MIBOR
  • MLS Number: #22010295

Listing Office:

  • Office Name: Ferris Property Group
  • Office Email: kiki@ferrispropertygroup.com
  • Listing Agent: Kierstyn Wood

IDX Listings courtesy of Metropolitan Indianapolis Board of REALTORS® MLS as distributed by 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.

Copyright ©2024 MIBOR REALTOR® Association. All rights reserved. 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 Broker Listing Cooperative listing service. All information provided is deemed reliable but is not guaranteed and should be independently verified. All data is obtained from various sources and may not have been verified by broker or Broker Listing Cooperative listing service. 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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Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/17/2024, 10:46:49 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2021$908$45,900
2019$884$38,800
2017$622$25,700

History based on county public records data.

Payment Calculator

$617

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$396

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-4313821
6
/10

  • East Washington Academy

  • 1000 E Washington St

  • 0.77 miles

  • Public District Grades PK-5

school-card-donut-4313822
3
/10

  • South View Elementary School

  • 2100 S Franklin St

  • 1.10 miles

  • Public District Grades PK-5

school-card-donut-4313823
5
/10

  • Grissom Elementary School

  • 3201 S Macedonia Ave

  • 1.34 miles

  • Public District Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $23,714. Residents of Muncie, IN typically earn less than $35k each year. Typical family type is single, no kids. The majority of residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Living In Muncie, IN

Content displayed has been generated by an AI model trained on a diverse range of data. While efforts have been made to ensure the quality and reliability of the content, there may be limitations or inaccuracies. The content should not be considered as a substitute for professional advice, and we recommend consulting with appropriate experts and independent sources for specific information or guidance. We assume no responsibility for any consequences arising from the use of this content.

What type of housing is available in Muncie, IN?

Muncie's housing market offers a diverse array of options, with single-family homes being a significant presence. Architectural styles vary, with a mix of historic homes that reflect the city's rich past and more contemporary designs for modern living. The market is balanced, with a healthy mix of ownership and rental opportunities, catering to a range of preferences and budgets.

Is Muncie, IN a good place to live?

Muncie is celebrated for its vibrant community spirit and cultural offerings. The city prides itself on its local events, including festivals and fairs that highlight the area's history and arts scene. The community's character is further defined by its commitment to preserving green spaces and promoting a family-friendly atmosphere.

Are things conveniently located in Muncie, IN?

The community is served by a robust educational system, including multiple public schools at the elementary, middle, and high school levels, as well as private educational institutions. Healthcare services are comprehensive, with facilities offering a range of specialized care. The public library system is active, providing resources and programming for residents of all ages. Retail and dining options are plentiful, reflecting Muncie's local culture and culinary diversity.

What does the transportation in Muncie, IN look like?

Transportation in Muncie includes a network of roads and highways that connect residents to nearby cities and amenities. Public transit options are available, providing access to key areas within the city. The community is also mindful of walkability, with certain areas being more pedestrian-friendly. While specific ride-sharing services are operational, their availability may vary throughout the city.

Rocket Homes›Indiana›Delaware County›Muncie›47302›1400 E 5th St

This home is located at 1400 E 5th St in Muncie, IN and zip code 47302. This home, which was built in 1890, sits on a 0.14 acre lot. It has been listed on Rocket Homes since November 08, 2024 and is currently priced at $110,000.

In November 2024, from all listings sold in Muncie, IN there were more than 14 sold above asking price, over 56 sold below and more than 28 were sold right at the asked price. The inventory of homes for sale in Muncie, IN between October 2024 and November 2024 increased by 6.7%. The median list price of listings available in November 2024 was $145,000, while the average time on the real estate market was 23 days.

From Rocket Homes Real Estate and based on county public records data.

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