1517 Walnut St | Image 1
New
1517 Walnut St | Image 2
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1517 Walnut St | Image 5

$525,000

For Sale

2 days ago

MLS® 22089763

0 Bed

0 Bath

--

4 Parking

  • Key Facts
  • Description
  • Map

Key Facts

Type Other
Levels Commercial Sale
Size -
Garage Yes
HOA Fees 
Taxes 
Days Active 2
Approx. Age 
MLS® Number 22089763

Property Address: 1517 Walnut St, Muncie, IN, 47302-3266

Average square foot calculated using Size range provided by listing agent.

Description

Introducing the Walnut Street Apartment Portfolio, consisting of 10 renovated apartment units, 2 undergoing rehab and a commercial space with a garage ready for additional unit conversion or to be rented as commercial. These units span across several adjacent structures. The property has 5, 300 rentable square feet and sits on a .41 acres site. The property has undergone a complete transformation with extensive capital improvements. These include major structural, mechanical, electrical, and cosmetic upgrades. New flat roofs, all siding and windows replaced, electrical systems fully rewired with new meters. Plumbing upgrades, new cabinets and countertops, new flooring, fresh interior paint, new appliances in renovated units, new showers/tubs/toilets, security cameras, and significant subfloor and drywall replacement. The Walnut Street portfolio represents an opportunity to acquire a workforce-grade housing asset in a supply-constrained rental market where renovated products perform well. Includes 1513-1525 S Walnut St parcels. Extensive Capital Improvements: Ownership has replaced mechanical systems, interior finishes siding, subflooring, drywall, and much more Full Electric System Replacement: All units were completely re-wired and new individual meters installed. Upside Through Commercial Space: The property currently has a vacant commercial space offering potential for revenue increases through lease-up. Additional Unit Upside: Two additional units are partially complete and can be finished for immediate rental increases.
MLS® Number22089763
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageYes
Approx. Age
Stories
Pets

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Mar 17, 2026List Date
$525,000List Price
  • Commute

Commute

Starting Address
Destination Address
1517 Walnut St, Muncie, IN

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