1506 E Main St
Muncie, IN 47305
East Central- 4 Beds
- 2 Baths
- 1,944 sqft
4 Beds
2 Baths
1,944 sqft
Local Information
-- mins to
Description
Investors, here’s a great opportunity to check out this property needs work, and is ready to fix and flip! This property was once a single family home and converted to a 2 unit property. These 2 units were recently rented for $500 and $700 per month, tenants pay utilities. Separate electric and gas meters. Each unit has 2 bedrooms, 1 bathroom, living room, and kitchen. The downstairs unit also has access to the basement with washer and dryer hookups. Detached garage has 2 separate sides.
1506 E Main St, Muncie, IN 47305 is a 4 bedroom, 2 bathroom, 1,944 sqft multi-family in East Central, built in 1900. It last sold for $57,000 on Jul 31, 2024 (12% below the $64,900 asking price). It is currently off market. The Trulia Estimate is $84,700, with a rent estimate of $1,143/month.
Home Highlights
Parking
2 Parking Spaces
Outdoor
Porch
A/C
Heating & Cooling
HOA
None
Price/Sqft
No Info
Listed
180+ days ago
Home Details for 1506 E Main St
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MLS Status: Closed |
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Interior Details Basement: Unfinished |
Beds & Baths Number of Bedrooms: 4Number of Bathrooms: 2Number of Bathrooms (full): 2 |
Dimensions and Layout Living Area: 1944 Square Feet |
Heating & Cooling Heating: Forced AirHas CoolingAir Conditioning: Central AirHas HeatingHeating Fuel: Forced Air |
Gas & Electric Electric: AEP/I&M |
Windows, Doors, Floors & Walls Flooring: Mixed |
Levels, Entrance, & Accessibility Stories: 2Levels: TwoFloors: Mixed |
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Exterior Home Features Roof: ShinglePatio / Porch: Porch CoveredFencing: NoneOther Structures: NoneFoundation: Basement |
Parking & Garage Number of Garage Spaces: 2Number of Covered Spaces: 2No CarportNo GarageNo Attached GarageParking Spaces: 2Parking: Detached,Off Street |
Frontage Waterfront: LakeNot on Waterfront |
Water & Sewer Sewer: Public Sewer |
Finished Area Finished Area (above surface): 1944 Square Feet |
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Year Built Year Built: 1900 |
Property Type / Style Property Type: Residential IncomeProperty Subtype: Duplex |
Building Construction Materials: Shingle Siding, Vinyl Siding, Wood SidingNot a New ConstructionDoes Not Include Home Warranty |
Property Information Included in Sale: BuildingParcel Number: 181110492007.000003 |
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Price List Price: $64,900 |
Status Change & Dates Off Market Date: Mon Jun 17 2024 |
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Direction & Address City: MuncieCommunity: None |
School Information Elementary School: East Washington AcademyElementary School District: Muncie Community SchoolsJr High / Middle School: NorthsideJr High / Middle School District: Muncie Community SchoolsHigh School: CentralHigh School District: Muncie Community Schools |
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Building Area Building Area: 2964 Square Feet |
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Lot Area: 6098.4 sqft |
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Listing Terms: Cash, Conventional |
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Expense Tenant Pays: Electricity |
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Owner Pays: Taxes |
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BasementMls Number: 202415430Attribution Contact: Cell: 765-881-5451Above Grade Unfinished Area: 1944 |
Last check for updates: about 19 hours ago
Listed by Melanie White, (765) 881-5451
Berkshire Hathaway Indiana Realty
Bought with: Grant Gorman, Green Forest Realty
Source: IRMLS, MLS#202415430

Price History for 1506 E Main St
| Date | Price | Event | Source |
|---|---|---|---|
| 07/31/2024 | $57,000 | Sold | IRMLS #202415430 |
| 06/17/2024 | $64,900 | Pending | IRMLS #202415430 |
| 06/12/2024 | $64,900 | PriceChange | IRMLS #202415430 |
| 05/03/2024 | $68,900 | Listed For Sale | IRMLS #202415430 |
| 04/23/2019 | $48,445 | Sold | N/A |
| 02/28/2019 | $25,000 | Listed For Sale | Agent Provided |
Market trends in Muncie
Last updated May 2026
Avg. sale price
$164K
$14.33KMoM
Sale-to-List Price
98.2%
1.1%MoM
Price per sq ft
$114
$9MoM
Available listings
312
3MoM
Property Tax and Assessment
| Year | 2025 |
|---|---|
| Tax | $1,050 |
| Assessment | $65,600 |
Home facts updated by county records
Comparable Sales for 1506 E Main St
Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.47 | Multi-Family Home | $105,000 | 04/17/26 | 7 | 3 | 2,544 | |
0.12 | Multi-Family Home | $140,000 | 12/26/25 | 7 | 2 | - | |
0.99 | Multi-Family Home | $89,000 | 12/03/25 | 4 | 2 | 2,400 | |
0.65 | Multi-Family Home | $90,000 | 09/30/25 | 3 | 1 | 1,200 | |
0.13 | Multi-Family Home | $170,000 | 12/26/25 | 8 | 3 | - | |
0.55 | Multi-Family Home | $50,000 | 08/14/25 | 2 | 2 | - | |
1.39 | Multi-Family Home | $50,000 | 08/19/25 | 4 | 2 | 1,880 | |
1.33 | Multi-Family Home | $95,000 | 04/30/26 | 5 | 2 | 2,212 | |
1.12 | Multi-Family Home | $135,000 | 12/01/25 | 4 | 3 | 1,786 |
Nearby homes
Get a sense of prices in the area by checking nearby homes.Assigned Schools
These are the assigned schools for 1506 E Main St.
What Locals Say about East Central
At least 8 Trulia users voted on each feature.
90 % Say yards are well-kept
90 % Say parking is easy
80 % Say there are sidewalks
78 % Say it's dog friendly
70 % Say there's holiday spirit
70 % Say car is needed
62 % Say kids play outside
60 % Say it's walkable to restaurants
46 % Say neighbors are friendly
44 % Say streets are well-lit
42 % Say people would walk alone at night
36 % Say they plan to stay for at least 5 years
25 % Say there are community events
17 % Say it's quiet
Sourced by Trulia users. Learn more about our methodology.
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