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$160,000

For Sale

A month ago

408 S College Ave, Muncie, IN

House

MLS® 202636684

3 Bed

2 Bath

1320 sqft

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  • Key Facts
  • Description
  • Map

Key Facts

Type Single Family Residence
Levels Residential
Size 1320 sqft
Garage 
Taxes $2,746
Days Active 35
Lot Size 0.17 Acres
Approx. Age 1907
Avg. Price Per Sqft $121
MLS® Number 202636684

Property Address: 408 S College Ave, Muncie, IN, 47303-4847

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

Description

A great opportunity to add an income-producing property near Ball State University to your rental portfolio! This currently leased and locally managed 3-bedroom, 2-bathroom home offers 1, 320 square feet with an open-concept layout and $1, 635 in gross monthly rental income. The interior features grey vinyl flooring, an updated kitchen with white cabinetry, black granite countertops, stainless appliances, a breakfast bar and distinctive metal-style backsplash, plus two full bathrooms and main-level laundry. The living room features a white brick mantel, while three bedrooms and additional storage provide a functional layout throughout. Outside, the property includes a concrete driveway with partially covered parking and a small storage shed, front and rear patio areas, and additional gravel parking at the rear. Seller reports the roof is approximately 6 years old and the home was extensively remodeled in 2020, with the exception of the tile shower in the second bathroom. Seller is willing to offer 408 S. College Avenue and 1213 W. Gilbert Street together as a package for $260, 000 in total. ($20, 000 savings versus the individual asking prices). Disclosure: Interior photos were taken when the property was staged and do not reflect current tenant furnishings or occupancy. Furniture, decor and personal property shown in photos are not included in the sale. Property is currently leased and tenant occupied.
MLS® Number202636684
Laundry Level
Central VacNo
FireplaceYes
Acreage
Exterior
Garage
Approx. Age1907
BasementCrawl Space
DrivewayConcrete
Garage Spaces
HeatNatural Gas, Forced Air
A/CCentral Air

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Sep 4, 2026List Date
$160,000List Price

Home Appraisal

This property is estimated to sell between: $82,000 and $199,000.
Similar properties in this area sold on average for: $82,269
Expected to sell very soon! Similar properties sold in 21 days. This home has been on eXp Realty for 35 days.

The estimated sale price does not take into account many variables such as recent renovations, type of appliances, school district etc. To get a more accurate estimate please contact agent.

  • Commute

Commute

Starting Address
Destination Address
408 S College Ave, Muncie, IN

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