Investors, take a look! This 8-unit multifamily property in Muncie offers an established income stream with all eight 1-bedroom units currently occupied, just approximately 6 minutes from Ball State University. The property generates $5,300+ per month in rental income, providing more than $63,600 in annual gross rent at the current rent roll. Most units feature new flooring, and electrical improvements have been completed in portions of the property, including new electrical panel boxes. At just $449,000, the property offers an attractive entry point for an investor seeking an occupied multifamily asset with multiple income-producing units and proximity to Ball State. 48-hour notice is required for showings. Please use Showing Time to schedule or contact Yita at yita@majermgmt.com.
For sale
$449,000
415 E Gilbert St, Muncie, IN 47305
6beds
6baths
4,292sqft
Multi Family
Built in ----
-- sqft lot
$423,900 Zestimate®
$105/sqft
$-- HOA
What's special
- 18 days
- 207
- 16
Zillow last checked:
Listing updated:
Listed by:
Yita Majerovic,
Majer Management LLC
Source: RLMS,MLS#: 10054579
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 6
Rooms
- Room types: Basement
Heating
- Unit 1 Heat Type(Electric, Furnace), Unit 2 Heat Type(Furnace), Unit 3 Heat Type(Furnace), Unit 4 Heat Type(Furnace), Unit 5 Heat Type(Furnace), Unit 6 Heat Type(Furnace)
Appliances
- Included: Unit 1 Appliances(Range-Electric, Refrigerator), Unit 2 Appliances(Range-Electric, Refrigerator), Unit 3 Appliances(Range-Electric, Refrigerator), Unit 4 Appliances(Range-Electric, Refrigerator), Unit 5 Appliances(Range-Electric, Refrigerator), Unit 6 Appliances(Range-Electric, Refrigerator)
Features
- Windows: Window Treatments
- Basement: Full
- Has fireplace: No
Interior area
- Total structure area: 4,292
- Total interior livable area: 4,292 sqft
Property
Parking
- Parking features: No Garage
Features
- Levels: Two
- Patio & porch: Deck
Lot
- Size: 7,405 Square Feet
- Dimensions: 7,375
Details
- Parcel number: 1110358003000
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Vinyl Siding
- Foundation: Basement
- Roof: Asphalt,Shingle
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Location
- Region: Muncie
Financial & listing details
- Price per square foot: $105/sqft
- Date on market: 10/14/2026
- Total actual rent: 3175
Estimated market value
$423,900
$398,000 - $445,000
$1,176/mo
Price history
| Date | Event | Price |
|---|---|---|
| 10/14/2026 | Listed for sale | $449,000$105/sqft |
Source:  RLMS #10054579 Report a problem | ||
| 1/16/2018 | Listing removed | $475 |
Source: Complete Property Care LLC Report a problem | ||
| 1/12/2018 | Listed for rent | $475 |
Source: Complete Property Care LLC Report a problem | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: Gilbert
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