415 E Gilbert ST #8, Muncie, IN 47305
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415 E Gilbert ST #8, Muncie, IN 47305
415 E Gilbert ST #8, Muncie, IN 47305
415 E Gilbert ST #8, Muncie, IN 47305
415 E Gilbert ST #8, Muncie, IN 47305
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Mick McMaken

Mick McMaken

+1(260) 255-8111
Listed by Yita Majerovic • Majer Management
$ 449,000
Est. payment /mo
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415 E Gilbert ST #8 Muncie, IN 47305

8 Beds

8 Baths

4,292 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Eightplex

Listing Status Active

Purchase Type For Sale

Square Footage 4,292 sqft

Subdivision Waterbury Landings

MLS Listing ID IRM202646174

Bedrooms 8

Full Baths 8

HOA Y/N No

Year Built 1880

Annual Tax Amount $1,196

Tax Year 1196

Lot Size 7,405 Sqft

Acres 0.17

Lot Dimensions On records

Property Sub-Type Eightplex

Property Description

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.

Location

State IN

County Delaware County

Rooms

Basement Full

Interior

Heating Forced Air

Inclusions Building, Land, Lease

Fireplace N

Exterior

Parking Features On Street

View Y/N true

Building

Lot Description Other

Story Two

Sewer Public Sewer

Water City

Level or Stories Two

New Construction No

Schools

Elementary Schools Westview

Middle Schools Northside

High Schools Central

School District Muncie Community Schools

Others

Pets Allowed No

Tax ID 18-11-10-358-003.000-003

Monthly Total Fees $6, 000

Acceptable Financing IRM202646174

Listing Terms IRM202646174

Special Listing Condition None

Pets Allowed No

Virtual Tour https://www.propertypanorama.com/instaview/irmls/202646174

Indiana Regional MLS (IRMLS)
IDX information provided by the Indiana Regional MLS. © 2026 Listings courtesy of Indiana Regional MLS as distributed by MLS GRID. All Rights Reserved.
Mick McMaken

American Dream Team Real Estate Broker

Phone

+1(260) 255-8111

Address

10520 River Rapids Ct, Fort Wayne, IN 46845, USA

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415 E Gilbert ST #8