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Active
    • Price cut: $4K (8/28)
    $65,000

    409 N Pershing Dr, Muncie, IN 47305

    4beds
    1,444sqft
    : 
    $460/mo
    Get pre-qualified
    Single Family Residence
    Built in 1900
    4,791 Square Feet Lot
    $-- Zestimate®
    $--/sqft
    $-- HOA

    What's special

    Great investment opportunity with this fully occupied multi-unit rental, featuring both front and back units. The front unit offers three bedrooms, while the rear unit includes one bedroom, providing flexible rental options. Both tenants are currently in place and have expressed interest in staying, allowing for immediate rental income from day one. This property is ideal for investors seeking steady cash flow with the added potential to increase value over time, through gradual updates and renovations. Professionally managed and well-maintained, this has proven to be a successful investment opportunity. Whether you’re expanding your portfolio or entering the investment market, this property offers both income and upside potential.
    156 days
    357
    29

    Zillow last checked:

    Listing updated:

    Listed by:

    Ryan Kramer Cell:765-717-2489,

    RE/MAX Real Estate Groups

    Source: IRMLS,MLS#: 202610808MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 4
      • Bathrooms: 2
      • Full bathrooms: 2
      • Main level bedrooms: 3
      Bedroom 1
      • Level: Main
      Bedroom 2
      • Level: Main
      Kitchen
      • Level: Main
      • Area: 156
      • Dimensions: 13 x 12
      Living room
      • Level: Main
      • Area: 182
      • Dimensions: 14 x 13
      Heating
      • Natural Gas, Forced Air
      Cooling
      • None
      Features
      • Basement: Crawl Space,Partial
      • Number of fireplaces: 1
      • Fireplace features: Family Room
      Interior area
      • Total structure area: 2,137
      • Total interior livable area: 1,444 sqft
      • Finished area above ground: 1,444
      • Finished area below ground: 0
      Video & virtual tour

      Property

      Features
      • Levels: One and One Half
      • Stories: 1.5
      Lot
      • Size: 4,791 Square Feet
      • Dimensions: 40 x 125
      • Features: Level
      Details
      • Parcel number: 181110378019.000003

      Construction

      Type & style
      • Home type: SingleFamily
      • Property subtype: Single Family Residence
      Materials
      • Aluminum Siding
      Condition
      • New construction: No
      • Year built: 1900

      Utilities & green energy

      • Sewer: City
      • Water: City

      Community & HOA

      Community
      • Subdivision: None
      Location
      • Region: Muncie

      Financial & listing details

      • Tax assessed value: $77,300
      • Annual tax amount: $3,786
      • Date on market: 3/31/2026

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        8/28/2026Price change$65,000-5.8%
        Source: IRMLS #202610808 Report a problem
        8/7/2026Price change$69,000-4.2%
        Source: IRMLS #202610808 Report a problem
        6/24/2026Price change$72,000-4%
        Source: IRMLS #202610808 Report a problem
        4/30/2026Price change$75,000-3.8%
        Source: IRMLS #202610808 Report a problem
        3/31/2026Listed for sale$78,000+2539.6%
        Source: IRMLS #202610808 Report a problem
        10/26/2015Listing removed$725$1/sqft
        Source: Complete Property Care LLC Report a problem
        10/20/2015Listed for rent$725$1/sqft
        Source: Complete Property Care LLC Report a problem
        7/1/2015Listing removed$725$1/sqft
        Source: Complete Property Care LLC Report a problem
        6/23/2015Listed for rent$725$1/sqft
        Source: Complete Property Care LLC Report a problem
        8/20/2008Sold$2,955$2/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$1,290 +60%$77,300 +19.8%
        2024$806 +3.3%$64,500 +60%
        2023$780 -6.9%$40,300 +3.3%
        2022$838 +20.1%$39,000 -6.9%
        2021$698 +1.5%$41,900 +20.1%
        2020$688 +6.2%$34,900 +1.5%
        2019$648 -10%$34,400 +6.2%
        2018$720 +3.2%$32,400 +5.9%
        2017$698 +19.1%$30,600 +3.7%
        2016$586 -10.9%$29,500 +6.9%
        2014$658 +20.1%$27,600 +0.7%
        2013$548 +1.1%$27,400 +1.1%
        2012$542 +11.5%$27,100 +11.5%
        2011$486 -1.2%$24,300 -1.2%
        2010$492 +6%$24,600 +6%
        2009$464 $23,200
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        See how much you could borrow to make a competitive offer.
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        Climate risks

        Neighborhood: East Central

        Getting around

        54 / 100
        Somewhat Walkable
        74 / 100
        Very Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Longfellow
        • 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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