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2413 S Gharkey Common , #2

Muncie, IN 47302
  • $109,900
  • STATUS: Active
  • ON SITE: 21 Days
  • MLS #: 202600002
UPDATED: 66 min ago
$109,900
  • 7
    BEDS
  • 0.15
    ACRES
  • 2
    BATHS
  • 0
    1/2 BATHS
  • 2,548
    SQFT
Neighborhood:
Type:
Multi-Family
Built:
1954
County:
Area:

School Information

Elementary School:
Middle School:
High School:
School District:
Listing provided by Jim Gilday of eXp Realty, LLC: Cell: 317-797-5062.

Description

Opportunity knocks with this solid, income-producing duplex located in the heart of Muncie, Indiana! These duplex features two separate units, each fully rented with long-term tenants in place-offering immediate cash flow from day one. Each unit is on its own level (not a stacked setup!), with separate entrances for added privacy and convenience. The building spans two stories, but both units are single-level living spaces, making maintenance and tenant turnover simpler. The property is structurally sound, with the owner having completed important updates-most notably the addition of a sewer clean-out in the backyard approximately 2 years ago, helping ensure smooth operation and lower maintenance risk. While the home could benefit from some minor aesthetic updates, the bones are strong, and the layout provides a lot of upside potential. With just a few cosmetic improvements, this could be the perfect investment property or an ideal addition to your growing portfolio or a great starter. Don't miss this rare opportunity to invest in a duplex with great bones, income in place, and plenty of room to increase value over time. Schedule your showing or request more details today!

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© 2026 Indiana Regional MLS All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from IRMLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Realty. Data last updated: 2026-01-22T11:28:10.973.

www.felecialivingstonrealestate.com/homes/171652921
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2413 S Gharkey Common , #2 Muncie, IN 47302

  • Price: $109,900
  • Status: Active
  • On Site: 21 Days
  • Updated: 66 min ago
  • MLS #: 202600002
7
Beds
2
Baths
0
½ Baths
0.15
Acres
2,548
SQFT
$43
$/SQFT
1954
Built
Neighborhood:
None
County:
Delaware
Area:
Delaware
Elementary School:
Grissom
Middle School:
Northside
High School:
Central
School District:
Muncie Community Schools
Property Description
Opportunity knocks with this solid, income-producing duplex located in the heart of Muncie, Indiana! These duplex features two separate units, each fully rented with long-term tenants in place-offering immediate cash flow from day one. Each unit is on its own level (not a stacked setup!), with separate entrances for added privacy and convenience. The building spans two stories, but both units are single-level living spaces, making maintenance and tenant turnover simpler. The property is structurally sound, with the owner having completed important updates-most notably the addition of a sewer clean-out in the backyard approximately 2 years ago, helping ensure smooth operation and lower maintenance risk. While the home could benefit from some minor aesthetic updates, the bones are strong, and the layout provides a lot of upside potential. With just a few cosmetic improvements, this could be the perfect investment property or an ideal addition to your growing portfolio or a great starter. Don't miss this rare opportunity to invest in a duplex with great bones, income in place, and plenty of room to increase value over time. Schedule your showing or request more details today!
Exterior Features

Exterior Vinyl Lot Description Other Lot Dimensions 81x81 Outbuilding None Parking Spaces 2 Pool YN No Road Access City Road Surface Asphalt Style Other Water Access None Waterfront YN No

Interior Features

Above Grade Bedrooms 7 Above Grade Finished Sqft 2548 Above Grade Unfin Sq Ft 0 Amenities Ceiling FanOff Street ParkingCable AvailableOther-See Remarks Basement Foundation CrawlUnfinished Basement YN Yes Below Grade Baths 0 Below Grade Bedrooms 0 Below Grade Finished Sqft 0 Below Grade Unfin Sq Ft 0 Cooling Other Dishwashers 0 Disposals 0 Dryers 0 Flooring Vinyl Heating Fuel Forced Air Main Level Sq Ft 1229 Microwaves 0 Ranges Ovens 2 Refrigerators 2 Rooms Below Grade 1 Total Baths 2 Total Below Grade Sqft 0 Total Sq Ft 2548 Unit1 Bathrooms 1 Unit1 Bedrooms 4 Unit1 Sq Ft 1229 Unit2 Bathrooms 1 Unit2 Bedrooms 3 Unit2 Sq Ft 1229 Upper Level Sq Ft 1229 Wash Dry Hookups 2 Washers 0

Property Features

Annual Electric Expense 0 Annual Fuel Expense 500 Annual Gross Rent 10488 Annual Insurance Expense 300 Annual Maint Expense 1500 Annual Misc 500 Annual Net Income 5812 Annual Property Tax 1176 Annual Trash Expense 300 Annual Water Sewer Exp 400 Assoc Dues Frequency Not Applicable Auction Y / N No Efficiencies 0 Electric Meters 2 For Sale Or Rent For Sale Four Bedrooms 1 Gas Meters 2 Government Subsidized YN Yes Gross Monthly Income 874 Gross Monthly Rent 874 Lease Term 1 YearRenewal Options New Construction No One Bedrooms 0 Owner Pays Lawn MaintenanceMaintenanceTaxOther Owner Real Estate License YN No Pet Restrictions YN No Planned Unit Dev YN No Property Sub Type Duplex Reo YN No Sale Includes BuildingLandLease Sewer Public Tenant Pays ElectricHeatingOther Three Bedrooms 1 Township Center Two Bedrooms 0 Unit1 Unit Rent 1200 Unit1- Currently Rntd Y / N Yes Unit2 Unit Rent 750 Unit2- Currently Rntd Y / N Yes Units Rented 2 Water Meters 2 Water Utility Public Year Taxes Payable 2024

Listing provided by Jim Gilday of eXp Realty, LLC: Cell: 317-797-5062.

© 2026 Indiana Regional MLS All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from IRMLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Realty.


© 2026 Indiana Regional MLS All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from IRMLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Realty. Data last updated: 2026-01-22T11:28:10.973.

 
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Keller Williams Realty
Lafayette, West Lafayette
and Kokomo IN,
Listing provided by Jim Gilday of eXp Realty, LLC: Cell: 317-797-5062.