This 8 unit apartment building is conveniently located in downtown Muncie. These modern apartments have some exposed brick interior walls. Each unit has separate electric, gas, and water meters. Each unit has a separate electric panel, water heater, heat pump/central air conditioning unit and furnace. 6 units are currently rented. 2 units are ready for new tenants. One unit is a handicap accessible unit. 6 units have 2 bedrooms, 2 units have 1 bedroom. Rent potential is approximately $62,000 +/- year. Located in the Gilbert Historic District and zoned Central Business
Closed
$370,000
309-311 N Jefferson St, Muncie, IN 47305
14beds
8,220sqft
Multi Family
Built in 1916
-- sqft lot
$383,500 Zestimate®
$--/sqft
$669 Estimated rent
Home value
$383,500
$318,000 - $464,000
$669/mo
Zestimate® history
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$669/mo
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$1,817/mo
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Zillow last checked:
Listing updated:
Listed by:
Melanie White Cell:765-881-5451,
Berkshire Hathaway Indiana Realty
Bought with:
Realtor NonMember MEIAR
NonMember MEIAR
Source: IRMLS,MLS#: 202506515
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 14
- Bathrooms: 8
- Full bathrooms: 8
Heating
- Electric, Natural Gas, Forced Air, Multiple Heating Systems
Cooling
- Central Air, Heat Pump, Multi Units
Appliances
- Included: Electric Water Heater, Gas Water Heater
Features
- Eat-in Kitchen, Entrance Foyer
- Flooring: Mixed
- Has basement: No
Interior area
- Total structure area: 8,220
- Total interior livable area: 8,220 sqft
- Finished area above ground: 8,220
- Finished area below ground: 0
Property
Parking
- Parking features: On Street
- Has uncovered spaces: Yes
Features
- Levels: Two
- Stories: 2
Lot
- Size: 3,920 Square Feet
- Features: Level, City/Town/Suburb
Details
- Additional structures: None
- Parcel number: 181110352008.000003
- Zoning: CB
- Zoning description: CENTRAL BUSINESS
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Brick, Wood Siding
- Foundation: Slab
- Roof: Rubber
Condition
- New construction: No
- Year built: 1916
Utilities & green energy
- Electric: AEP/I&M
- Gas: CenterPoint Energy
- Sewer: City
- Water: City, Indiana American Water Co, Muncie Sanitary Dist.
Community & HOA
Community
- Subdivision: None
Location
- Region: Muncie
Financial & listing details
- Annual tax amount: $1,722
- Date on market: 3/3/2025
- Listing terms: Cash,Conventional
- Inclusions: Building, Land
- Lease term: 12 Months
- Total actual rent: 61308
- Tenant pays: Cooling, Electricity, Fuel, Heating, Water
Price history
| Date | Event | Price |
|---|---|---|
| 3/28/2025 | Sold | $370,000-22.8% |
Source:  IRMLS #202506515 Report a problem | ||
| 3/18/2025 | Pending sale | $479,000 |
Source: IRMLS #202506515 Report a problem | ||
| 3/3/2025 | Listed for sale | $479,000-4.2% |
Source: IRMLS #202506515 Report a problem | ||
| 2/5/2025 | Listing removed | $500,000 |
Source: IRMLS #202444238 Report a problem | ||
| 11/15/2024 | Listed for sale | $500,000 |
Source: IRMLS #202444238 Report a problem | ||
Public tax history
Tax history is unavailable.
Neighborhood: Gilbert
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Nearby schools
GreatSchools rating
- 3/10Muncie Central High SchoolGrades: PK-12Distance: 0.4 mi
- 7/10East Washington AcademyGrades: PK-5Distance: 0.5 mi
- 5/10Northside Middle SchoolGrades: 6-8Distance: 2 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
- Gilbert
- 309-311 N Jefferson St
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