415 E Gilbert St, Muncie, IN 47305

Muncie
Local realty services provided by:Better Homes and Gardens Real Estate First Realty Group
415 E Gilbert St,Other, IN 47305
$449,000
  • - Beds
  • - Baths
  • 4,292 sq. ft.
  • Multi-family
  • Active
Listed by: yita majerovic
Office: majer management llc.
MLS#:10054579
Source:IN_RAR

Price summary

  • Price:$449,000
  • Price per sq. ft.:$104.61

About this home

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. 48-hour notice is required for showings. Please use Showing Time to schedule or contact Yita at yita@majermgmt.com.

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Home facts

  • Listing ID #:10054579
  • Added:1 day(s) ago
  • Updated:October 14, 2026 at 09:57 PM

Rooms and interior

  • Rooms Total:8
  • Basement Description:Full Basement
  • Living area:4,292 sq. ft.

Structure and exterior

  • Roof:Asphalt, Shingle
  • Building area:4,292 sq. ft.
  • Lot area:0.17 Acres
  • Construction Materials:Vinyl
  • Exterior Features:Deck
  • Foundation Description:Basement
  • Levels:2 Stories

Utilities

  • Water:City
  • Sewer:City

Finances and disclosures

  • Price:$449,000
  • Price per sq. ft.:$104.61

Features and amenities

  • Amenities:All Window Treatments Stay

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