Listing courtesy of Coldwell Banker Real Estate Group · Listing agent: Brian Allardt · Cell: 765-808-1400

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607 E Charles Street

$178,000

$42.69 / sq ft

Est. $1,189/mo

Muncie, IN 47305

  • Basement
Bedrooms
6
Bathrooms
0.5
Living area
4,170 sq ft
Lot
0.32 ac
Year built
1855
Type
Other
Listed
August 11, 2026
MLS #
202632644

About this home

A rare opportunity to own a distinctive historic property just minutes from downtown Muncie. Located at 607 E. Charles Street in the beautiful Emily Kimbrough historic area, this 1855 structure offers more than 4,000 square feet of space, two parcels, and dedicated off-street parking — all at an exceptionally approachable price point. For more than 50 years, the property was home to The Bargain Box, a longtime community organization familiar to generations of Muncie residents. Today, the building is ready for its next chapter and offers tremendous potential for an owner-user, investor, nonprofit, creative business, professional office, studio, retail concept, or redevelopment opportunity. The interior offers large rooms, multiple levels, flexible spaces, and much of the character you would expect from a historic property of this era. The property has also benefited from substantial investment and improvements over the years, making it much more than simply an older building in need of a vision. Another significant advantage is the second parcel, which provides an asphalt parking area with decorative fencing — a valuable feature for a property located this close to downtown. The location is equally compelling. The property sits among some of Muncie’s most recognizable historic homes while remaining just blocks from downtown, the Madison Street corridor, restaurants, businesses, entertainment, and ongoing redevelopment throughout the central city. With more than 4,000 square feet, two lots, private parking, historic character, and an asking price of $178,000, the possibilities here deserve a closer look. What could you create at 607 E. Charles Street?

Monthly payment estimate

$1,189/mo

Principal & interest
$974
Property taxes
$163
Homeowners insurance
$52
Your loan

  • Rate: Freddie Mac's 30-year fixed average for the week of October 1, 2026.
  • Taxes: estimated at 1.1% of the price per year — the MLS reports no full tax bill for this home yet.
  • 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
4,670 sq ft
Finished area above grade
4,170 sq ft
Unfinished area below grade
500 sq ft
Below grade total
500 sq ft
Bedrooms above grade
6
Basement
Crawl Space, Slab, Partial
Flooring
Carpet, Tile
Heating
Natural Gas, Conventional, Forced Air
Cooling
Central Air
Amenities
Porch Enclosed

Exterior & parking

Construction
Block, Brick
Foundation
Block, Stone
Private pool
No
New construction
No

Waterfront & lake

Waterfront
No

Lot

Lot features
Corner Lot, 0-2.9999
Lot size (acres)
0.32 ac
Lot dimensions
110 x 125
Inside city limits
Yes
County
Delaware County
Township
Center
Cross street
Monroe
Platted
Yes
Planned unit development
No
Directions
Madison South to Charles east to SEC Charles and Monroe

Schools

Elementary school
East Washington Academy
Middle school
Northside
High school
Central
School district
Muncie Community Schools

HOA & community

Other fees
$324
Other fees frequency
Annually
Other fees description
storm water

Taxes & terms

Tax year
0
Assessed value
$102,300
Possession
neg
Parcel number
18-11-15-135-001.000-003

Included in the sale

Included in sale
Building,Land

Utilities

Water
Public
Sewer
Public Sewer

Income & commercial

Units
1
Buildings
1
Annual gross rent
$24,000
Net operating income
$19,900
Parking spaces
20
Pets allowed
No
Tenant pays
Electricity, Fuel, Heat, Lawn Care, Snow Removal
Insurance (annual)
$1,500
Water & sewer (annual)
$600
Maintenance (annual)
$1,000

Location

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