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1517 S Walnut Street Muncie, IN $ 525,000
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$ 525,000 Get more info
1517 S Walnut Street
$ 525,000
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1517 S Walnut Street

Muncie, IN, 47302
$ 525,000
Bedrooms-- Baths-- Sq 5,300

Monthly Estimate*

$ 3,233

1517 S Walnut Street, Muncie, IN 47302 - Image 1
1517 S Walnut Street, Muncie, IN 47302 - Image 2
1517 S Walnut Street, Muncie, IN 47302 - Image 3
1517 S Walnut Street, Muncie, IN 47302 - Image 4
1517 S Walnut Street, Muncie, IN 47302 - Image 5

Commercial Property for sale in Muncie, IN

for $525,000. This 5,300 square foot building was built on a lot size of 0.15.

Introducing the Walnut Street Apartment Portfolio, consisting of 10 renovated apartment units, 2 undergoing rehab and a commercial space with a garage ready for additional unit conversion or to be rented as commercial. These units span across several adjacent structures. The property has 5,300 rentable square feet and sits on a .41 acres site. The property has undergone a complete transformation with extensive capital improvements. These include major structural, mechanical, electrical, and cosmetic upgrades. New flat roofs, all siding and windows replaced, electrical systems fully rewired with new meters. Plumbing upgrades, new cabinets and countertops, new flooring, fresh interior paint, new appliances in renovated units, new showers/tubs/toilets, security cameras, and significant subfloor and drywall replacement. The Walnut Street portfolio represents an opportunity to acquire a workforce-grade housing asset in a supply-constrained rental market where renovated products perform well. Includes 1513-1525 S Walnut St parcels. Extensive Capital Improvements: Ownership has replaced mechanical systems, interior finishes siding, subflooring, drywall, and much more Full Electric System Replacement: All units were completely re-wired and new individual meters installed. Upside Through Commercial Space: The property currently has a vacant commercial space offering potential for revenue increases through lease-up. Additional Unit Upside: Two additional units are partially complete and can be finished for immediate rental increases.

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Commercial Active

Price

$ 525,000

Property Type

Commercial

Taxes

$ 1,408

Style

Multi-Family 5+

Lot Size

0.15

Town/City

Muncie

County/Region

Delaware

MLS | Web ID

22089763
Features
General
Heating Electric
Cooling Window Unit(s)
Utilities Electricity Connected Natural Gas Available Sep Electric Meter Sewer Connected Water Connected
Possession Closing
Roof Flat
Zoning commercial
Garage Spaces 4
Tenant Pays Electricity
Township Center
Levels Two
Property Subtype Multi-Family 5+
Tax Year 2025
Current Use Apt<20
Building Name Walnut St Apts
County Delaware
New Construction N
Property Type Commercial Sale
Status Active
Directions GPS Friendly
City Muncie
High School District Muncie Community Schools
Number Of Units Total 13
MLS Area 1808 - Delaware - Center
Lot Size Square Feet 6670
Structure Type Apartment Building
Standard Status Active
Tax Lot 1-4
Legal Description Alex W Add Pt 0.0000Acres Str: 162010 In: 1-4 Out:
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Exterior
Building Area Total 5300
Lot Size Acres 0.15
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* Excluded Features
List By
Inspired Realty

Broker

ab.inspiredinvestments@gmail.com

Email

Affordability Calculator

$3,350
Per Month
96%
4%
0%
Monthly Principal & Interest
$3,233
Monthly Property Taxes
$117
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4045051 Elementary School
4045021 Middle School
Unknown High School High School
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Pricing History
Date Price Price Change Description
3/18/2026 $525,000 Listed Price

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1517 S Walnut Street, Muncie, IN, 47302 is a Commercial Property for sale at $525,000 with 5,300 sqft and a lot size of 0.15. The property's zip code is 47302 which is in Muncie, IN

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