415 E Gilbert Street #8, Muncie, IN 47305

Muncie
Local realty services provided by:ERA First Advantage Realty, Inc.
415 E Gilbert Street #8,Muncie, IN 47305
$449,000
Virtual Tour
  • 8 Beds
  • 8 Baths
  • 4,292 sq. ft.
  • Multi-family
  • Active
Listed by: yita majerovic
Office: majer management
MLS#:202646174
Source:Indiana Regional MLS

Price summary

  • Price:$449,000
  • Price per sq. ft.:$104.61

About this home

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.

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Home facts

  • Year built:1880
  • Subdivision & Development:Waterbury Landings
  • Listing ID #:202646174
  • Added:1 day(s) ago
  • Updated:November 11, 2026 at 04:48 AM

Rooms and interior

  • Bedrooms:8
  • Total bathrooms:8
  • Full bathrooms:8
  • Flooring:Carpet
  • Basement Description:Full Basement
  • Living area:4,292 sq. ft.

Heating and cooling

  • Heating:Forced Air

Structure and exterior

  • Year built:1880
  • Building area:4,292 sq. ft.
  • Lot area:0.17 Acres
  • Architectural Style:Two Story
  • Construction Materials:Vinyl
  • Levels:2 Stories

Schools

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

Utilities

  • Water:City
  • Sewer:City

Finances and disclosures

  • Price:$449,000
  • Price per sq. ft.:$104.61
  • Tax amount:$1,231

Parking

  • Parking description:Street Parking
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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