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  • $170,000

    1320 E Main St, Muncie, IN 47305

    8beds
    3baths
    --sqft
    Multi Family, Triplex
    Built in 1965
    -- sqft lot
    $171,800 Zestimate®
    $--/sqft
    $1,139 Estimated rent

    Home value

    $171,800

    $143,000 - $206,000

    $1,139/mo

    Zestimate® history
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    $1,082/mo

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    What's special

    Seize this exceptional opportunity to own a high-earning, turnkey triplex in the heart of Muncie, Indiana. This meticulously maintained property offers a powerful combination of steady cash flow, reduced vacancy risk, and significant long-term appreciation potential. Located in a prime neighborhood, this triplex is a dream for both seasoned investors and first-time buyers looking to "house hack" their way to financial freedom. Investment Highlights Three Streams of Income: With all three units fully leased to reliable tenants, you'll benefit from a powerful, diversified income stream from day one. Unlike single-family homes, a triplex significantly mitigates the financial impact of a single vacancy. Prime Muncie Location: Situated in a high-demand area near [mention a specific local landmark, e.g., Ball State University, downtown Muncie, IU Health Ball Memorial Hospital], this property consistently attracts a strong pool of tenants, including students, faculty, and young professionals. Its proximity to jobs, dining, and entertainment ensures low turnover and competitive rental rates. Strong Financial Performance: Muncie's real estate market is on the rise, with home values and rental rates seeing consistent growth. This triplex is a high-performing asset that offers both immediate, attractive cash flow and the potential for a substantial increase in value over time.

    Zillow last checked:

    Listing updated:

    Listing Provided by:

    Justin Lowe 765-401-1122,

    Ellsbury Group,

    David Orton 317-412-1572,

    Ellsbury Group

    Source: MIBOR as distributed by MLS GRID,MLS#: 22055484MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 8
    • Bathrooms: 3
    Heating
    • Electric, Baseboard
    Features
    • Has basement: Yes

    Property

    Features
    • Levels: Two
    • Stories: 2
    Lot
    • Size: 4,791 sqft
    Details
    • Parcel number: 181110490022000003

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family, Triplex
    Materials
    • Brick
    Condition
    • New construction: No
    • Year built: 1965

    Community & neighborhood

    Security
    • Security features: Smoke Detector(s)
    Location
    • Region: Muncie
    • Subdivision: No Subdivision

    Price history

    DateEventPrice
    12/26/2025Sold$170,000-10.5%
    Source: MIBOR as distributed by MLS GRID #22055484 Report a problem
    11/10/2025Pending sale$190,000
    Source: MIBOR as distributed by MLS GRID #22055484 Report a problem
    9/24/2025Listed for sale$190,000
    Source: MIBOR as distributed by MLS GRID #22055484 Report a problem
    8/25/2025Pending sale$190,000
    Source: MIBOR as distributed by MLS GRID #22055484 Report a problem
    8/7/2025Listed for sale$190,000+1166.7%
    Source: MIBOR as distributed by MLS GRID #22055484 Report a problem
    3/24/2021Listing removed--
    Source: Owner Report a problem
    12/9/2015Listing removed$15,000
    Source: Owner Report a problem
    12/7/2015Listed for sale$15,000
    Source: Owner Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$1,034 +69.5%$64,200 +24.2%
    2024$610 +26%$51,700 +69.5%
    2023$484 +31.2%$30,500 +26%
    2022$369 -32.7%$24,200 +9%
    2021$548 -17%$22,200 -32.7%
    2020$660 +0.3%$33,000
    2019$658 -13.9%$33,000 +0.3%
    2018$764 0%$32,900 +0.3%
    2017$764 +3.8%$32,800
    2016$736 -8.9%$32,800 -6.3%
    2014$808 +9.6%$35,000 +0.9%
    2013$737 +7.8%$34,700 +1.5%
    2012$684 +2.1%$34,200 +2.1%
    2011$670 0%$33,500
    2010$670 +2.4%$33,500 +2.4%
    2009$654 $32,700

    Find assessor info on the county website

    Neighborhood: East Central

    Nearby schools

    GreatSchools rating
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