1506 E  Main St, Muncie, IN 47305
Property image
Property image
OFF MARKET

1506 E Main St
Muncie, IN 47305

East Central
  • 4 Beds
  • 2 Baths
  • 1,944 sqft

$85,300

Trulia Estimate
as of Aug 21, 2026
Est. Refi. Payment $571/mo*

$85,300

Trulia Estimate
as of Aug 21, 2026
Est. Refi. Payment $571/mo*
4 Beds
2 Baths
1,944 sqft

Home Value

Trulia Estimate
$85.3K
Since last month
Decreased$5K (-5.3%)
Since last year
Increased$24K (+39.1%)
Since last sale
Increased$29K (+50.5%)
Learn more about this home's value by checking out its Trulia Estimate, the value of nearby homes, and how much similar homes have sold for.

Trulia Estimate

The of this home's value increased by +47% in the last 10 years
MonthEstimated value
2026
August 2026$86K
July 2026$91K
June 2026$85K
May 2026$82K
April 2026$79K
March 2026$84K
February 2026$85K
January 2026$86K
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016

Comparable sales

These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.
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
-
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
1.39
Multi-Family Home
$93,000
10/07/25
4
2
1,640

Nearby home prices

Get a sense of expected prices in the area by checking the value of nearby homes.
Address
Distance
Price
Bed
Bath
Sqft
Status
0.04
$126,100
5
2
1,946
Off Market
0.03
-
4
2
3,634
Off Market
0.05
$75,700
3
2
1,683
Off Market
0.06
$78,700
3
3
1,576
Off Market
0.07
$110,100
4
2
1,924
Off Market
0.07
$120,200
4
2
1,958
Off Market
0.07
$111,000
4
3
-
Off Market
0.12
$77,000
3
2
1,523
Off Market
0.12
$140,000
7
2
-
Recently Sold
0.16
$151,900
3
1.5
2,092
Off Market
0.13
$170,000
8
3
-
Recently Sold

Local Information

  • Map ViewExplore the area around 1506 E Main St.
  • Schools2 Preschool Schools2 Elementary Schools2 Middle Schools1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Property Type
Multi-Family
Year Built
1900
Living Area
1,944 sqft
Price/Sqft
$44
Parking
2 Parking Spaces

About this House

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 $85,300, with a rent estimate of $998/month.
Last check for updates: about 2 hours ago
Listed by Melanie White, (765) 881-5451
Berkshire Hathaway Indiana Realty
Bought with: Grant Gorman, Green Forest Realty
Source: IRMLS, MLS#202415430

Home Details for 1506 E Main St

Active Status

MLS Status: Closed

Interior Features

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

Exterior Features

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

Property Information

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

Price & Status

Price
List Price: $64,900
Status Change & Dates
Off Market Date: Mon Jun 17 2024

Location

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

Building

Building Area
Building Area: 2964 Square Feet

Lot Information

Lot Area: 6098.4 sqft

Offer

Listing Terms: Cash, Conventional

Business

Expense
Tenant Pays: Electricity

Rental Terms, Policies & Fees

Owner Pays: Taxes

Miscellaneous

BasementMls Number: 202415430Attribution Contact: Cell: 765-881-5451Above Grade Unfinished Area: 1944

Price and Tax history

DateEventPrice
Jul 31, 2024
Source: IRMLS #202415430
Sold
$57,000
Jun 17, 2024
Source: IRMLS #202415430
Pending
$64,900
Jun 12, 2024
Source: IRMLS #202415430
PriceChange
$64,900
Price decreased by 6%
May 3, 2024
Source: IRMLS #202415430
Listed For Sale
$68,900
Apr 23, 2019
Source: N/A
Sold
$48,445

Market trends in Muncie

Last updated July 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$174K
$3.18K
MoM
Sale-to-List Price
99.2%
0.1%
MoM
Price per sq ft
$120
$1
MoM
Available listings
329
25
MoM

Around this home

The GreatSchools Rating compares schools on a variety of school quality indicators including test scores, college readiness, equity and more. Learn more.

Neighborhood Overview

Neighborhood stats provided by third party data sources.

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.
  • farmlady212
    "Nice neighbors. Clean tow. Houses have alot of charm and detailing."
  • Lowell B.
    "I grew up here and always felt safe and everything was close by."

LGBTQ Local Legal Protections

IDX information is provided exclusively for 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 not guaranteed.

Frequently asked questions about 1506 E Main St

  • What is 1506 E Main St estimated to be worth?
    Trulia's estimated value for 1506 E Main St in Muncie, IN is $85,300.
  • What is the price history for 1506 E Main St?
    1506 E Main St in Muncie, IN last sold for $57,000 in July 2024.
  • Is Muncie a buyer's or seller's market?
    Muncie is currently a buyer's market, based on recent for-sale activity.
  • What's the median sale price in Muncie?
    The median sale price in Muncie is $174K. That is up $3.18K from the prior month.
  • Does 1506 E Main St have air conditioning?
    Yes, 1506 E Main St in Muncie, IN has air conditioning.
  • Is there a virtual tour of 1506 E Main St?
    Yes, a virtual tour of 1506 E Main St in Muncie, IN is available.

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