3114 W Devon Road, Muncie, IN 47304

Muncie
Local realty services provided by:ERA Crossroads
3114 W Devon Road,Muncie, IN 47304
$426,600
  • 10 Beds
  • 4 Baths
  • 5,982 sq. ft.
  • Multi-family
  • Active
Listed by: ryan kramerCell: 765-717-2489
Office: re/max real estate groups
MLS#:202627583
Source:Indiana Regional MLS

Price summary

  • Price:$426,600
  • Price per sq. ft.:$71.31

About this home

Turnkey 4-Property Muncie Portfolio – Strong Cash Flow + MTR Upside If you’re looking to hit the ground running with an already-performing rental portfolio, this one’s worth a serious look. We’re offering a package of four single-family homes in Muncie, Indiana — all currently tenanted, professionally managed, and generating $41,880 in gross annual rent. Across the four properties you get 9 bedrooms and 4 bathrooms, spread across some of Muncie’s more reliable rental corridors. At the asking price of $426,600, that works out to a 7% cap rate and a 10.0 GRM — solid numbers for a stabilized, turn-key buy. Run it through corporate housing channels and the pro-forma cap rate jumps to 11.09%. The playbook is already mapped out — you’d just be executing it. Third-party property management is already in place, so there’s no operational scramble on day one. The four properties: 3114 W Devon Rd, Muncie, IN 47304 / 312 E Berkley Ave, Muncie, IN 47303 / 106 E Harvard Ave, Muncie, IN 47303 / 808...

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Home facts

  • Year built:1951
  • Listing ID #:202627583
  • Added:1 day(s) ago
  • Updated:July 11, 2026 at 05:03 AM

Rooms and interior

  • Bedrooms:10
  • Total bathrooms:4
  • Full bathrooms:4
  • Basement Description:Crawl
  • Living area:5,982 sq. ft.

Heating and cooling

  • Heating:Forced Air, Gas

Structure and exterior

  • Roof:Shingle
  • Year built:1951
  • Building area:5,982 sq. ft.
  • Lot area:0.17 Acres
  • Lot Features:Level
  • Architectural Style:One Story
  • Construction Materials:Vinyl
  • Levels:1 Story

Schools

  • High school:Central
  • Middle school:Northside
  • Elementary school:Westview

Utilities

  • Water:City
  • Sewer:City

Finances and disclosures

  • Price:$426,600
  • Price per sq. ft.:$71.31

Parking

  • Garage spaces:1
IRMLS information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. IRMLS Data is deemed reliable but is not guaranteed accurate by the MLS. IRMLS information provided by the Indiana Regional MLS. Copyright 2026 Indiana Regional MLS LLC.

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