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517/519 N Wheeling Avenue

Muncie, IN 47303
  • $167,000
  • STATUS: Sold
  • ON SITE: 379 Days
  • MLS #: 202505759
Sold - 05/20/2025
$167,000
SOLD - 05/20/2025
  • 5
    BEDS
  • 0.15
    ACRES
  • 2
    BATHS
  • 0
    1/2 BATHS
  • 2,948
    SQFT
Neighborhood:
None
Type:
Multi-Family
Built:
1890
County:
Delaware
Area:
Delaware

School Information

Elementary School:
Northview
Middle School:
Northside
High School:
Central
School District:
Muncie Community Schools
School Ratings & Info
Listing provided by Heather Upton of Keller Williams Indy Metro NE: Agt: 765-639-8190.

Description

Great investment opportunity just 1.5 miles from Ball State University. This tri-plex is generating more than $3k per month in rental income as all three units are leased. Each unit is equipped with oven/range, refrigerator, washer and dryer.

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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: 2026-03-11T14:28:19.42.

www.felecialivingstonrealestate.com/homes/160821690
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517/519 N Wheeling Avenue Muncie, IN 47303

  • Price: $167,000
  • Status: Sold
  • On Site: 379 Days
  • Updated: 39 min ago
  • MLS #: 202505759
5
Beds
2
Baths
0
½ Baths
0.15
Acres
2,948
SQFT
$0
$/SQFT
1890
Built
Neighborhood:
None
County:
Delaware
Area:
Delaware
Elementary School:
Northview
Middle School:
Northside
High School:
Central
School District:
Muncie Community Schools
Property Description
Great investment opportunity just 1.5 miles from Ball State University. This tri-plex is generating more than $3k per month in rental income as all three units are leased. Each unit is equipped with oven/range, refrigerator, washer and dryer.
Exterior Features

Exterior AluminumBrickVinyl Lot Description 0-2.9999 Lot Dimensions 0x0 Outbuilding None Parking Spaces 3 Pool YN No Style Two Story Waterfront YN No

Interior Features

Above Grade Bedrooms 3 Above Grade Finished Sqft 2078 Above Grade Unfin Sq Ft 0 Amenities Basement Basement Foundation Other Basement YN Yes Below Grade Baths 1 Below Grade Bedrooms 2 Below Grade Finished Sqft 870 Below Grade Unfin Sq Ft 0 Cooling Other Dishwashers 0 Disposals 0 Dryers 3 Flooring CarpetOther Heating Fuel Electricity Main Level Sq Ft 2078 Microwaves 0 Ranges Ovens 3 Refrigerators 3 Rooms Below Grade 4 Total Baths 2 Total Below Grade Sqft 870 Total Sq Ft 2948 Unit1 Bathrooms 1 Unit1 Bedrooms 2 Unit1 Sq Ft 870 Unit2 Bathrooms 1 Unit2 Bedrooms 1 Unit2 Sq Ft 1064 Unit3 Bathrooms 1 Unit3 Bedrooms 2 Unit3 Sq Ft 1014 Wash Dry Hookups 3 Washers 3

Property Features

Annual Electric Expense 7200 Annual Fuel Expense 0 Annual Gross Rent 36900 Annual Insurance Expense 1200 Annual Maint Expense 0 Annual Misc 0 Annual Net Income 22334 Annual Property Tax 3166 Annual Trash Expense 0 Annual Water Sewer Exp 3000 Assoc Dues Frequency Not Applicable Auction Y / N No Efficiencies 0 For Sale Or Rent For Sale Four Bedrooms 0 Gross Monthly Income 3075 Gross Monthly Rent 3075 Lease Term Other New Construction No One Bedrooms 2 Owner Pays Building InsuranceElectricLawn MaintenanceSewerTaxWater Owner Real Estate License YN No Pet Restrictions YN No Planned Unit Dev YN No Property Sub Type Triplex Reo YN No Sale Includes Other Sewer City Tenant Pays CableOther Three Bedrooms 2 Township Center Two Bedrooms 1 Unit1 Unit Rent 1100 Unit1- Currently Rntd Y / N Yes Unit2 Unit Rent 1025 Unit2- Currently Rntd Y / N Yes Unit3 Unit Rent 950 Unit3- Currently Rntd Y / N Yes Units Rented 3 Water Utility City Year Taxes Payable 2024

Listing provided by Heather Upton of Keller Williams Indy Metro NE: Agt: 765-639-8190.

© 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: 2026-03-11T14:28:19.42.

 
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Keller Williams Realty
Lafayette, West Lafayette
and Kokomo IN,
Listing provided by Heather Upton of Keller Williams Indy Metro NE: Agt: 765-639-8190.