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704 N Alameda Drive Muncie, IN $ 219,900
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$ 219,900 Get more info
704 N Alameda Drive
$ 219,900
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704 N Alameda Drive

Muncie, IN, 47303
$ 219,900
Bedrooms5 Baths3.0 Sq 2,396

Monthly Estimate*

$ 1,519

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Multi-Family Home for sale in Muncie, IN

for $219,900 with 5 bedrooms and 3 full baths. This 2,396 square foot home was built in 1920.

Established rental income and a location near Ball State University make this property a compelling addition to an investment portfolio! Leased through July 15th, 2027, at $2,425 per month, the home provides $29,100 in scheduled annual gross rent. Five bedrooms, three full bathrooms, and approximately 2,396 finished square feet, including 1,000 finished square feet in the basement, provide a spacious layout. A tiled foyer welcomes you inside, while basement laundry and off-street parking add everyday convenience. Gas forced-air heat and central air round out the propertys features, and the tenants are responsible for all utilities under the lease. Property is currently leased and tenant occupied. Interior photos were taken when the property was staged and do not reflect current tenant furnishings/occupancy. Furniture, decor and personal property shown in the photos are not included in the sale. Sale is subject to the existing lease and tenant rights.

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Multi-Family Active

Price

$ 219,900

Bedrooms

5

Full Bath

3

Property Type

Multi-Family

Taxes

$ 3,754

Style

Year Built

1920

Town/City

Muncie

County/Region

Delaware

MLS | Web ID

202643202
Features
General
Heating Gas Forced Air
Cooling Central Air
Water Access Type None
Sewer City
Status Active Active
Full Baths 3
Half Baths 0
Bathrooms 3
Year Built 1920
Parking Lot
New Construction No
Tenant Pays Electric Fuel Sewer Trash Collection Water
Subdivision Alameda Place
Style One Story
Stories Count 1
Township Center
Class INVESTMENT
Type Other
Age 106
Net Income 25346
Rent Income 29100
Features Basement Off Street Parking Near Walking Trail Ceiling-9+ Countertops-Laminate Eat-In Kitchen Foyer Entry Porch Open Water Heater Electric Other-See Remarks
REO No
Status Detail 0
Common Amenities Sidewalks
Area Delaware County
Location City/Town/Suburb
High School Central
City Muncie
School District Muncie Community Schools
Total Sq Ft 2569
Elementary School Northview
Middle School Northside
Legal Description ALAMEDA PLACE SUB 1 0.0000Acres STR: 092010 IN: 17 OUT:
Virtual Tour https://my.matterport.com/show/?m=HfDVViH29r8
Agent First Name Austin
Agent Last Name Rich
DOM 0
Tax Year 2026
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Exterior
Road Surface Asphalt
Road Access City
Exterior Vinyl
Driveway None
Pool No
Number of Parking Spaces 4
Waterfront None
Lot Size Area 6098
Lot Dimensions 50x125
Lot Description Irregular 0-2.9999
Fence None
Outbuilding None
Water Features None
Waterfront Y/N No
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Interior
Basement Full Basement Finished
Flooring Concrete Wood Tile
Beds 5
Total Number of Units 5
Microwaves 0
Refrigerators 2
Washers 1
Dryer(s) 1
Dishwasher(s) 1
Disposal(s) 1
Above Grade Bedrooms 3
Below Grade Baths 1
Below Grade Bedrooms 2
Total Rooms Below Grade 3
Ranges/Ovens 1
W/D Hookups 1
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* Excluded Features
List By
Austin Rich

Listing Agent

Nexthome Elite Real Estate

Broker

Austin@mynexthomeelite.com

Email

Affordability Calculator

$1,832
Per Month
83%
17%
0%
Monthly Principal & Interest
$1,519
Monthly Property Taxes
$313
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% 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
1236455 Elementary School
1235815 Middle School
Central High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
10/19/2026$219,900 Listed Price

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704 N Alameda Drive, Muncie, IN, 47303 is a Multi-Family Home for sale at $219,900 with 2,396 sqft. 704 N Alameda Drive has 5 bedrooms, 3.0 baths, and was built in 1920. The property's zip code is 47303 which is in Muncie, IN

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