Calling all investors and rehab enthusiasts! Here’s your opportunity to bring new life to 1205 & 1205 1/2 S Jefferson Street. This duplex is ready for a complete renovation and offers incredible potential for those looking to expand their rental portfolio, create a value-add investment, or tackle their next flip project. Featuring two separate units, this property provides the flexibility to generate dual rental income, live in one unit while renting the other, or explore the possibility of converting it back into a spacious single-family home. With the heavy lifting left to your vision, this is the perfect blank canvas to design, renovate, and maximize its future value.Whether you’re an experienced investor or searching for your next renovation project. Bring your contractor, your creativity, and your plans—this property is ready for its next chapter. Sold As-Is.
Active
Price cut: $7.5K (7/30)
$42,500
1205 S Jefferson St, Muncie, IN 47302
3beds
1,876sqft
Duplex
Built in 1898
-- sqft lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Two separate units
- 49 days
- 403
- 23
Zillow last checked:
Listing updated:
Listed by:
James Meredith Cell:765-808-4973,
NextHome Elite Real Estate
Source: IRMLS,MLS#: 202627555
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Natural Gas, Forced Air
Cooling
- None
Features
- Flooring: Laminate, Wood
- Basement: Crawl Space,Partial,Block
Interior area
- Total structure area: 3,248
- Total interior livable area: 1,876 sqft
- Finished area above ground: 1,876
- Finished area below ground: 0
Video & virtual tour
Property
Features
- Levels: Two
- Stories: 2
- Patio & porch: Porch Covered
- Fencing: Fenced
Lot
- Size: 4,791 Square Feet
- Dimensions: 42x120
- Features: Sloped
Details
- Additional structures: None
- Parcel number: 181115303021.000003
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Duplex
Materials
- Aluminum Siding
- Foundation: Basement
Condition
- New construction: No
- Year built: 1898
Utilities & green energy
- Sewer: City
- Water: City
Community & HOA
Community
- Subdivision: Gray(s)
Location
- Region: Muncie
Financial & listing details
- Tax assessed value: $57,100
- Annual tax amount: $858
- Date on market: 7/10/2026
- Inclusions: Building, Land
- Lease term: None
- Total actual rent: 0
- Tenant pays: Other
Estimated market value
Not available
Estimated sales range
Not available
$1,020/mo
Price history
| Date | Event | Price |
|---|---|---|
| 7/30/2026 | Price change | $42,500-15% |
Source:  IRMLS #202627555 Report a problem | ||
| 7/10/2026 | Listed for sale | $50,000+809.1% |
Source: IRMLS #202627555 Report a problem | ||
| 2/12/2016 | Sold | $5,500-8.3%$3/sqft |
Source:  MIBOR as distributed by MLS GRID #21368585 Report a problem | ||
| 3/18/2015 | Sold | $6,000$3/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $858 +19.8% | $57,100 +33.1% |
| 2024 | $716 +7.5% | $42,900 +19.8% |
| 2023 | $666 +23.3% | $35,800 +7.5% |
| 2022 | $540 -6.6% | $33,300 +23.3% |
| 2021 | $578 +0% | $27,000 -6.6% |
| 2020 | $578 +0.3% | $28,900 |
| 2019 | $576 -17% | $28,900 +0.3% |
| 2018 | $694 -34.4% | $28,800 -1.7% |
| 2017 | $1,058 +74.5% | $29,300 |
| 2016 | $606 -10.6% | $29,300 -14.1% |
| 2014 | $678 -2.8% | $34,100 +0.9% |
| 2013 | $698 +5.1% | $33,800 +1.8% |
| 2012 | $664 -2.4% | $33,200 -2.4% |
| 2011 | $680 -3.4% | $34,000 -3.4% |
| 2010 | $704 +0.3% | $35,200 +0.3% |
| 2009 | $702 | $35,100 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: South Central
Nearby schools
Schools provided by the listing agent
- Elementary: Southview
- Middle: Southside
- High: Central
- District: Muncie Community Schools
Source: IRMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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