Investors, here’s a great opportunity to check out this property needs work, and is ready to fix and flip! This property was once a single family home and converted to a 2 unit property. These 2 units were recently rented for $500 and $700 per month, tenants pay utilities. Separate electric and gas meters. Each unit has 2 bedrooms, 1 bathroom, living room, and kitchen. The downstairs unit also has access to the basement with washer and dryer hookups. Detached garage has 2 separate sides.
Closed
$57,000
1506 E Main St, Muncie, IN 47305
4beds
1,944sqft
Duplex
Built in 1900
-- sqft lot
$84,700 Zestimate®
$--/sqft
$1,143 Estimated rent
Home value
$84,700
$61,000 - $113,000
$1,143/mo
Zestimate® history
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$1,143/mo
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$1,143/mo
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$280/mo
Est. payment
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$280/mo
Est. payment
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Zillow last checked:
Listing updated:
Listed by:
Melanie White Cell:765-881-5451,
Berkshire Hathaway Indiana Realty
Bought with:
Grant Gorman, RB14041929
Green Forest Realty
Source: IRMLS,MLS#: 202415430
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Forced Air
Cooling
- Central Air
Features
- Eat-in Kitchen
- Flooring: Mixed
- Basement: Unfinished
Interior area
- Total structure area: 2,964
- Total interior livable area: 1,944 sqft
- Finished area above ground: 1,944
- Finished area below ground: 0
Property
Parking
- Total spaces: 2
- Parking features: Detached, Off Street
- Garage spaces: 2
Features
- Levels: Two
- Stories: 2
- Patio & porch: Porch Covered
- Fencing: None
- Waterfront features: Lake
Lot
- Size: 6,098 sqft
- Dimensions: 50x125
- Features: City/Town/Suburb
Details
- Additional structures: None
- Parcel number: 181110492007.000003
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Duplex
Materials
- Shingle Siding, Vinyl Siding, Wood Siding
- Foundation: Basement
- Roof: Shingle
Condition
- New construction: No
- Year built: 1900
Utilities & green energy
- Electric: AEP/I&M
- Sewer: Public Sewer
- Water: Public, Indiana American Water Co
Community & neighborhood
Location
- Region: Muncie
- Subdivision: None
HOA & financial
Other financial information
- Total actual rent: 0
Other
Other facts
- Listing terms: Cash,Conventional
Price history
| Date | Event | Price |
|---|---|---|
| 7/31/2024 | Sold | $57,000-12.2% |
Source:  IRMLS #202415430 Report a problem | ||
| 6/17/2024 | Pending sale | $64,900 |
Source: IRMLS #202415430 Report a problem | ||
| 6/12/2024 | Price change | $64,900-5.8% |
Source: IRMLS #202415430 Report a problem | ||
| 5/3/2024 | Listed for sale | $68,900+42.2% |
Source: IRMLS #202415430 Report a problem | ||
| 4/23/2019 | Sold | $48,445+93.8%$25/sqft |
Source: Agent Provided Report a problem | ||
| 2/28/2019 | Listed for sale | $25,000$13/sqft |
Source: Starr Real Estate #201906748 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,050 +9.4% | $65,600 +25% |
| 2024 | $960 +26.6% | $52,500 +9.4% |
| 2023 | $758 +8.6% | $48,000 +26.6% |
| 2022 | $698 -32% | $37,900 +8.6% |
| 2021 | $1,026 +32% | $34,900 -32% |
| 2020 | $777 +0% | $51,300 |
| 2019 | $777 -11.9% | $51,300 |
| 2018 | $882 -49.4% | $51,300 +0.4% |
| 2017 | $1,744 +54.3% | $51,100 |
| 2016 | $1,130 -4.9% | $51,100 -2.7% |
| 2014 | $1,188 +11.7% | $52,500 +0.8% |
| 2013 | $1,064 +3.5% | $52,100 +1.4% |
| 2012 | $1,028 +54% | $51,400 +15% |
| 2011 | $668 -1.3% | $44,700 -1.5% |
| 2010 | $676 +14.5% | $45,400 +9.9% |
| 2009 | $591 | $41,300 |
Find assessor info on the county website
Neighborhood: East Central
Nearby schools
GreatSchools rating
- 7/10East Washington AcademyGrades: PK-5Distance: 0.3 mi
- 3/10Muncie Central High SchoolGrades: PK-12Distance: 1.1 mi
- 5/10Northside Middle SchoolGrades: 6-8Distance: 2.7 mi
Schools provided by the listing agent
- Elementary: East Washington Academy
- Middle: Northside
- 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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- Indiana
- Delaware County
- Muncie
- 47305
- East Central
- 1506 E Main St
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