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Courtesy of Majer Management, Yita Majerovic, 765-726-2537
8 Beds
8 Baths
4,292 sqft

$449,000

415 E Gilbert Street Unit: 8, Muncie IN, 47305

Built in1880
Property size4,292 sqft
Property typeMulti-family

Overview

Active

Updated 2 days ago

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.

$2,987/mo

Est. mortgage payment based on a $449,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
202646174

Interior Features

Bedrooms
8
Bathrooms
8
Heating
Yes
Basement
No

Exterior Features

Lot Size
0.17 Acres

Other Property Details

Taxes
$1,196
Tax Frequency
Annually
Maintenance Expense
$6,000
Municipality
Center
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Listings courtesy of Indiana Regional MLS as distributed by MLS GRID 

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Data last updated 4:30 AM UTC, 11/13/2026

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