Listing courtesy of RE/MAX Real Estate Groups · Listing agent: Lisa Buckner
1112-1114 N Elm Street
Muncie, IN 47303
Original price $135,000 · Price reduced on September 8, 2026
- Basement
- Bedrooms
- 4
- Bathrooms
- 3
- Living area
- 1,868 sq ft
- Lot
- 0.18 ac
- Year built
- 1893
- Type
- Triplex
- Listed
- August 27, 2026
- MLS #
- 202635206
About this home
Income-producing triplex currently generating $2,135 per month in gross rental income! This property offers three separate units consisting of two 1-bedroom units and one 2-bedroom unit, providing an established multi-unit investment opportunity. The property features separate living spaces with kitchens and baths for each unit, along with a mix of updated flooring, cabinetry and finishes throughout. Exterior vinyl siding and a covered front porch add to the property, while the layout provides three distinct rental units under one roof. With $25,620 in current annual gross rental income, this triplex offers an opportunity to add an income-producing property to your portfolio without starting from scratch. Whether you're looking to expand an existing rental portfolio or purchase your first multi-unit investment, the numbers make this one worth a look. Current rents total $2,135/month. Buyer to verify rents, expenses, leases, utilities and all other investment information.
Monthly payment estimate
$804/mo
- Principal & interest
- $684
- Property taxes
- $83
- Homeowners insurance
- $37
- Rate: Freddie Mac's 30-year fixed average for the week of October 1, 2026.
- Taxes: the seller's 2000 bill as reported to the MLS. Yours may differ once your own deductions apply.
- Insurance: estimated at 0.35% of the price per year.
- An estimate, not a loan offer. Your rate and payment depend on your credit, loan program and down payment.
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Property details
Interior
- Levels
- Two
- Stories
- 2
- Total area
- 2,802 sq ft
- Finished area above grade
- 1,868 sq ft
- Unfinished area below grade
- 934 sq ft
- Main level
- 934 sq ft
- Upper level
- 934 sq ft
- Below grade total
- 934 sq ft
- Bedrooms above grade
- 4
- Basement
- Unfinished
- Flooring
- Carpet, Vinyl
- Heating
- Natural Gas
- Cooling
- Window Unit(s)
- Amenities
- Basement, Off Street Parking, Cable Ready, Patio Covered
Exterior & parking
- Construction
- Vinyl Siding
- Roof
- Asphalt, Shingle
- Parking
- Concrete, Gravel
- Private pool
- No
- New construction
- No
Waterfront & lake
- Waterfront
- No
Lot
- Lot features
- Level
- Lot size (acres)
- 0.18 ac
- Lot dimensions
- 50x160
- County
- Delaware County
- Township
- Center
- Road frontage
- City Street
- Road surface
- Paved
- Platted
- Yes
- Planned unit development
- No
- Directions
- GPS Friendly
Schools
- Elementary school
- East Washington Academy
- Middle school
- Northside
- High school
- Central
- School district
- Muncie Community Schools
HOA & community
- Association restrictions
- No
Taxes & terms
- Annual taxes
- $1,000
- Tax year
- 2000
- Possession
- Negotiable
- Parcel number
- 181110176010000003
Included in the sale
- Included in sale
- Building
Utilities
- Water
- Public
- Sewer
- Public Sewer
Income & commercial
- Units
- 3
- Buildings
- 1
- Annual gross rent
- $25,620
- Net operating income
- $11,936
- Lease term
- 12 Months
- Parking spaces
- 4
- Pets allowed
- No
- Tenant pays
- Cable TV
- Electric meters
- 1
- Gas meters
- 1
- Water meters
- 1
- Insurance (annual)
- $1,050
- Water & sewer (annual)
- $4,400
- Electric (annual)
- $2,429
- Fuel (annual)
- $1,305
- Maintenance (annual)
- $3,500
Location
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