Duplex & Multi Family For Sale in 47305, IN

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.

INVESTOR SPECIAL - FULL RENOVATION REQUIRED. Two-unit frame duplex in Muncie's near-east side, with 2,128 sq ft of living space on a 40' x 110' platted lot. The structure features 3 bedrooms total and 2 full baths, a crawl-space foundation, an asphalt roof and central warm-air heat. The building needs a complete gut rehab and has been vacant. Expect a full trash-out, ceiling and roof repairs where water has caused sections to fall in, new drywall, flooring, kitchens, baths and windows, and updated mechanicals, electrical and plumbing. The long single-story layout includes a rear addition, which gives flexibility to reconfigure the two units. Some original hardwood floors and trim remain. This is a value-add or BRRRR opportunity for a buyer with rehab experience and funding in place. Sold strictly AS-IS, WHERE-IS. Buyer to verify all information, including square footage, unit configuration, zoning and permitted use.

Excellent investment opportunity or ideal house hack! This duplex features two spacious units, each offering 2 bedrooms and 1.5 bathrooms. One unit is vacant and move-in ready, making it perfect for an owner-occupant looking to offset their mortgage with rental income or an investor ready to lease immediately. Enjoy a peaceful setting with no immediate neighboring homes, providing added privacy, while being conveniently located near Gilbert Historic Park with easy access to green space and local amenities. Whether you're expanding your investment portfolio or purchasing your first income-producing property, this duplex offers versatility, privacy, and strong income potential.

Recently updated triplex in downtown Muncie with strong income potential. Property includes three units: Unit 1 is renting for $775, unit 2 rents for $725 and unit 3 rents for $725 for a total of $2,225 per month of cash flow! Convenient downtown location with consistent rental demand. Ideal opportunity for investors seeking immediate and stable cash flow.