Listing courtesy of RE/MAX Real Estate Groups · Listing agent: Ryan Kramer · Cell: 765-717-2489
409 N Pershing Drive
Muncie, IN 47305
Original price $78,000 · Price reduced on September 24, 2026
- Fireplace
- Basement
- Bedrooms
- 4
- Bathrooms
- 2
- Living area
- 1,444 sq ft
- Lot
- 0.11 ac
- Year built
- 1900
- Type
- Site-Built Home
- Listed
- March 31, 2026
- MLS #
- 202610808
About this home
Great investment opportunity with this fully occupied multi-unit rental, featuring both front and back units. The front unit offers three bedrooms, while the rear unit includes one bedroom, providing flexible rental options. Both tenants are currently in place and have expressed interest in staying, allowing for immediate rental income from day one. This property is ideal for investors seeking steady cash flow with the added potential to increase value over time, through gradual updates and renovations. Professionally managed and well-maintained, this has proven to be a successful investment opportunity. Whether you’re expanding your portfolio or entering the investment market, this property offers both income and upside potential.
Monthly payment estimate
$662/mo
- Principal & interest
- $328
- Property taxes
- $316
- Homeowners insurance
- $18
- Rate: Freddie Mac's 30-year fixed average for the week of October 1, 2026.
- Taxes: the seller's 2025 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
- One and One Half
- Total rooms
- 7
- Total area
- 2,137 sq ft
- Finished area above grade
- 1,444 sq ft
- Unfinished area below grade
- 693 sq ft
- Below grade total
- 693 sq ft
- Bedrooms above grade
- 4
- Full baths, main level
- 2
- Basement
- Crawl Space, Partial
- Heating
- Natural Gas, Forced Air
- Fireplaces
- 1
- Fireplace features
- Family Room
- Laundry
- Main Level
Exterior & parking
- Construction
- Aluminum Siding
- Private pool
- No
- New construction
- No
Waterfront & lake
- Waterfront
- No
Lot
- Lot features
- Level
- Lot size (acres)
- 0.11 ac
- Lot dimensions
- 40 x 125
- County
- Delaware County
- Township
- Delaware
- Platted
- Yes
- Planned unit development
- No
- Directions
- N Madison, right on E Washington, Left on N Pershing, property on the Left.
Schools
- Elementary school
- Longfellow
- Middle school
- Northside
- High school
- Central
- School district
- Muncie Community Schools
Taxes & terms
- Annual taxes
- $3,786
- Tax year
- 2025
- Possession
- Immediate
- Parcel number
- 18-11-10-378-019.000-003
Utilities
- Water
- City
- Sewer
- Public Sewer
Income & commercial
- Gas meters
- 12
Location
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