3114 W Devon Rd
Muncie, IN 47304
University Heights
10 Beds
4 Baths
5,982 sqft
10 Beds
4 Baths
5,982 sqft
Local Information
- Map ViewExplore the area around 3114 W Devon Rd.
- Schools2 Preschool Schools2 Elementary Schools2 Middle Schools1 High School
- Shop & Eat
-- mins to
Description
Turnkey 4-Property Muncie Portfolio – Strong Cash Flow + MTR Upside If you’re looking to hit the ground running with an already-performing rental portfolio, this one’s worth a serious look. We’re offering a package of four single-family homes in Muncie, Indiana — all currently tenanted, professionally managed, and generating $41,880 in gross annual rent. Across the four properties you get 9 bedrooms and 4 bathrooms, spread across some of Muncie’s more reliable rental corridors. At the asking price of $426,600, that works out to a 7% cap rate and a 10.0 GRM — solid numbers for a stabilized, turn-key buy. Run it through corporate housing channels and the pro-forma cap rate jumps to 11.09%. The playbook is already mapped out — you’d just be executing it. Third-party property management is already in place, so there’s no operational scramble on day one. The four properties: 3114 W Devon Rd, Muncie, IN 47304 / 312 E Berkley Ave, Muncie, IN 47303 / 106 E Harvard Ave, Muncie, IN 47303 / 808 W Harvard Ave, Muncie, IN 47304
Home Highlights
Parking
4 Car Garage
Outdoor
No Info
A/C
Heating only
HOA
None
Price/Sqft
No Info
Listed
1 day ago
Home Details for 3114 W Devon Rd
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MLS Status: Active |
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Interior Details Basement: Crawl Space |
Beds & Baths Number of Bedrooms: 10Number of Bathrooms: 4Number of Bathrooms (full): 4 |
Dimensions and Layout Living Area: 5982 Square Feet |
Heating & Cooling Heating: Natural Gas,Forced AirNo CoolingAir Conditioning: NoneHas HeatingHeating Fuel: Natural Gas |
Windows, Doors, Floors & Walls Flooring: Other |
Levels, Entrance, & Accessibility Stories: 1Levels: OneFloors: Other |
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Exterior Home Features Roof: ShingleOther Structures: None |
Parking & Garage Number of Garage Spaces: 4Number of Covered Spaces: 5No CarportHas an Attached GarageParking Spaces: 12Parking: Attached,Detached |
Frontage Not on Waterfront |
Water & Sewer Sewer: City |
Finished Area Finished Area (above surface): 5982 Square Feet |
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Days on Market: 1 |
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Year Built Year Built: 1951 |
Property Type / Style Property Type: Residential IncomeProperty Subtype: Multi Family |
Building Construction Materials: Vinyl SidingNot a New ConstructionDoes Not Include Home Warranty |
Property Information Included in Sale: Building, LeaseParcel Number: 181108156012.000003 |
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Price List Price: $426,600 |
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Direction & Address City: MuncieCommunity: University Heights |
School Information Elementary School: WestviewElementary 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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Listing Agent Listing ID: 202627583 |
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Building Area Building Area: 5982 Square Feet |
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Lot Area: 7405.2 sqft |
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Listing Terms: Cash, Conventional |
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Expense Tenant Pays: Electricity, Fuel, Sewer, Trash Collection, Water |
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Owner Pays: Other |
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Mls Number: 202627583Attribution Contact: Cell: 765-717-2489Above Grade Unfinished Area: 5982 |
Last check for updates: about 7 hours ago
Listing courtesy of Ryan Kramer, (765) 717-2489
RE/MAX Real Estate Groups
Source: IRMLS, MLS#202627583
Also Listed on IRMLS.
Market trends in Muncie
Last updated June 2026
Avg. sale price
$164K
$14.33KMoM
Sale-to-List Price
98.2%
1.1%MoM
Price per sq ft
$114
$9MoM
Available listings
304
8MoM
Price History for 3114 W Devon Rd
| Date | Price | Event | Source |
|---|---|---|---|
| 07/10/2026 | $426,600 | Listed For Sale | IRMLS #202627583 |
| 07/09/2026 | $1,350 | Listed For Rent | Zillow Rentals |
| 05/29/2025 | $630,000 | ListingRemoved | IRMLS #202516002 |
| 05/05/2025 | $630,000 | Listed For Sale | IRMLS #202516002 |
| 03/06/2025 | $630,000 | ListingRemoved | IRMLS #202502900 |
| 01/30/2025 | $630,000 | Listed For Sale | IRMLS #202502900 |
| 02/24/2023 | ListingRemoved | Zillow Rentals | |
| 02/10/2023 | $1,100 | Listed For Rent | Zillow Rentals |
| 04/23/2020 | $750 | ListingRemoved | Agent Provided |
| 04/21/2020 | $750 | Listed For Rent | Agent Provided |
| 08/08/2019 | $44,000 | Sold | N/A |
| 07/01/2019 | $750 | ListingRemoved | Agent Provided |
| 05/01/2019 | $750 | Listed For Rent | Agent Provided |
| 04/30/2019 | $68,999 | ListingRemoved | Agent Provided |
| 08/29/2018 | $68,999 | PriceChange | Agent Provided |
| 08/03/2018 | $69,500 | Listed For Sale | Agent Provided |
| 08/03/2018 | $800 | ListingRemoved | Agent Provided |
| 07/18/2018 | $800 | Listed For Rent | Agent Provided |
| 11/07/2017 | $700 | ListingRemoved | Agent Provided |
| 07/24/2017 | $700 | Listed For Rent | Agent Provided |
| 08/16/2016 | $675 | ListingRemoved | Agent Provided |
| 04/08/2014 | $625 | ListingRemoved | Agent Provided |
| 02/22/2014 | $625 | PriceChange | Agent Provided |
| 01/29/2014 | $650 | PriceChange | Agent Provided |
| 01/21/2014 | $675 | PriceChange | Agent Provided |
| 01/04/2014 | $800 | Listed For Rent | Agent Provided |
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Property Tax and Assessment
| Year | 2025 |
|---|---|
| Tax | $1,930 |
| Assessment | $93,100 |
Home facts updated by county records
Comparable Sales for 3114 W Devon Rd
Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
1.17 | Multi-Family Home | $268,000 | 12/05/25 | 8 | 6 | 3,331 | |
1.09 | Multi-Family Home | $161,667 | 12/02/25 | 6 | 3 | 2,625 | |
1.00 | Multi-Family Home | $151,667 | 12/02/25 | 4 | 2 | 2,240 | |
1.02 | Multi-Family Home | $141,667 | 12/02/25 | 4 | 2 | 2,170 | |
1.56 | Multi-Family Home | $168,000 | 11/07/25 | 6 | 4 | 3,143 | |
1.03 | Multi-Family Home | $261,000 | 11/24/25 | 7 | 5 | - | |
1.07 | Multi-Family Home | $462,000 | 02/17/26 | 21 | 9.5 | 9,000 | |
1.34 | Multi-Family Home | $150,000 | 11/20/25 | 4 | 2 | 1,434 | |
1.69 | Multi-Family Home | $50,000 | 08/19/25 | 4 | 2 | 1,880 |
Nearby homes
Get a sense of prices in the area by checking nearby homes.
OFF MARKETCeleste Mariotti, Carpenter REALTORS - Anderson, IRMLS
OFF MARKETEmma Schuck, NextHome Elite Real Estate, IRMLS
OFF MARKETRE/MAX Real Estate Solutions, Sold
OFF MARKETJanet Blackmer, Coldwell Banker Real Estate Group, IRMLS
OFF MARKETNate Jennings, RE/MAX Real Estate Groups, IRMLS
OFF MARKETStarr Real Estate LLC, Sold
OFF MARKETLaura Wright, PPG Real Estate LLC, IRMLS
SOLDOCT 23, 2025Nate Jennings, Burke Realty, IRMLS
OFF MARKETCarpenter, REALTORS®, Sold
OFF MARKETRebekah Hanna, RE/MAX Real Estate Groups, IRMLS
OFF MARKETLaura Amlin, Coldwell Banker Real Estate Group, IRMLS
Assigned Schools
These are the assigned schools for 3114 W Devon Rd.
- Muncie Central High School
- PK-12
- Public
- 1337 Students
3/10GreatSchools RatingParent Rating AverageMy 9th grade daughter should NEVER have to experience "lock downs" and "police escorts to the bathroom". It even has it's own police force and a police dog on campus every day. This is high school, not prison! The students are taught to test and by simply completing homework and showing up for class students will land the on the A/B honor roll. We are working so hard to undue the factory mindset instilled across nearly all the classes here (show up, punch the time clock, follow the rules, and that is as good as it gets for you) that should have disappeared with the factories in the last century. Students are taught to simply "do" homework, but not to think. Students are taught to take tests (they even take 30 minutes out of the school schedule four time/week for the "Success" program that exists ONLY to raise state mandated test scores - look it up on the school website) and not critical thinking skills. My experience with the teachers in my daughter's classes are that they are caring people (this is why 2 stars and not 1), but they are working inside a VERY broken school that's primary objective is to prevent fighting and keep kids "safe" while school is in session. My daughter will not be returning next year. If she doesn't clear the wait-list at Burris, we will be moving her (and possibly the whole family) to a different school district.Parent Review10y ago - West View Elementary School
- PK-5
- Public
- 538 Students
4/10GreatSchools RatingParent Rating Average
No reviews available for this school. - Northside Middle School
- 6-8
- Public
- 630 Students
5/10GreatSchools RatingParent Rating AverageHorrible place to take your kids they dont take care of them there a PUBLIC school duh!!! HHCS is a great placeParent Review3y ago 
Check out schools near 3114 W Devon Rd.
Neighborhood Overview
Neighborhood stats provided by third party data sources.
What Locals Say about University Heights
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Ryan Kramer, RE/MAX Real Estate Groups
Agent Phone: (765) 717-2489
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.
3114 W Devon Rd, Muncie, IN 47304 is a 10 bedroom, 4 bathroom, 5,982 sqft multi-family built in 1951. 3114 W Devon Rd is located in University Heights, Muncie. This property is currently available for sale and was listed by IRMLS on Jul 10, 2026. The MLS # for this home is MLS# 202627583.