1508 E Main St

1,754 Sq. Ft.
$77 / Sq. Ft.
1,754
Sq. Ft.
$77
per Sq. Ft.

Description

Great investment opportunity with two 2-bedroom units, both rehabbed within the past year. The upper unit was just completed and features all new appliances, including a stackable washer and dryer, and is fully furnished for short- or mid-term rental use. The lower unit offers a mudroom entry, spacious living room, and a large bedroom with double closets. Parking is available on the street or in the rear, and the detached garage is currently used by the main-floor tenant. Both units are currently...Great investment opportunity with two 2-bedroom units, both rehabbed within the past year. The upper unit was just completed and features all new appliances, including a stackable washer and dryer, and is fully furnished for short- or mid-term rental use. The lower unit offers a mudroom entry, spacious living room, and a large bedroom with double closets. Parking is available on the street or in the rear, and the detached garage is currently used by the main-floor tenant. Both units are currently occupied. The upstairs unit rents for $1,390 per month (utilities and internet included), while the downstairs rents for $800 per month with no utilities included. Seller is the listing agent and a licensed real estate broker in the State of Indiana.
  1. Listed by Ryan Kramer • RE/MAX Real Estate Groups • Cell: 765-717-2489

Property Details for 1508 East Main Street

Style
Two Story
Subdivision
None
Waterfront
No
Pet Restrictions
Yes
LISTING UPDATED: 02/02/2026 07:21 PM

Property Details for 1508 East Main Street

StatusActive
MLS #202603255
Days on Market1
Taxes$1,100 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Duplex
Year Built1918
Lot Size0.14 AC / 6,098 SF
CountyDelaware County

Location

Listing Courtesy of RE/MAX Real Estate Groups
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Building Information for 1508 East Main Street

Stories2Residences2Year Built1918Building Size-Lot Size0.14 AC / 6,098 SF

Payment Calculator

$750 per month

30 year fixed, 6.15% Interest

Principal and Interest

$658

Property Taxes

$92

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1508 East Main Street

Summary
Location and General Information
  • Area: Delaware County
  • City: Muncie
  • Zip Code: 47305
  • State: IN
  • Township: Center
  • Geo Latitude: 40
  • Geo Longitude: -85
  • Fips Code: 18035
  • Directions To Property: GPS friendly.
  • Location: City/Town/Suburb
Taxes and HOA
  • Assoc Dues Frequency: Not Applicable
  • Year Taxes Payable: 2025
  • Parcel Number Id: 181110492008000003
School Information
  • School District: Muncie Community Schools
  • Elementary: East Washington Academy
  • Middle School: Northside
  • High School: Central
Parking
  • Number Of Parking Spaces: 3
  • Parking: Off Street
Property
Lot Information
  • Class: INVESTMENT
  • Property Subtype: Duplex
  • Approx Lot Size Acres: 0.14
  • Lot Dimensions: 50x125
  • Below Grade Unfin Sqft: 922.0
  • Total Square Feet: 2676.0
  • Upper Level Sqft: 832.0
  • Approx Lot Size Sqft: 6098.0
  • Above Grade Finished Sqft: 1754.0
  • Below Grade Finished Sqft: 0.0
  • Total Below Grade Sqft: 922.0
  • Total Finished Sqft: 1754.0
  • Above Grade Unfin Sqft: 0.0
  • Lot Description: Level
  • Main Level Sqft: 922.0
Property and Assessments
  • New Construction: No
  • Year Built: 1918
  • Age: 108
  • Possession: Subject to Tenant Rights
  • Planned Unit Development: No
Green Features
  • Exemptions: No Exemptions
Utilities
  • Electric Company: AEP/I&M
  • Gas Company: CenterPoint Energy
  • Sewer: City
  • Water Company: Indiana American Water Co
  • Water Utility: City
Interior and Exterior Features
Exterior Features
  • Amenities: Basement
  • Driveway: Gravel
  • Exterior: Vinyl
  • Outbuilding: None
  • Platted: Yes
  • Pool: No
  • Roof Material: Asphalt, Shingle
Interior Features
  • Number of Dishwashers: 0
  • Number of Disposals: 0
  • Number of Dryers: 1
  • Number of Microwaves: 1
  • Number of Ranges/Ovens: 2
  • Number of Refrigerators: 2
  • Number of W/D Hookups: 2
  • Number of Washers: 1
  • Basement: Yes
  • Basement/Foundation: Unfinished
  • Cooling: Central Air
  • Flooring: Carpet, Vinyl
  • Heating/Fuel: Gas, Forced Air
  • Stories: 2
  • Number of Above Grade Bedrooms: 4
  • Number of Below Grade Baths: 0
  • Number of Below Grade Bedrooms: 0
  • Total Number of Bedrooms: 4
  • Total Number of Full Baths: 2
  • Total Number of Half Baths: 0
  • Total Baths: 2
  • Number Total Rooms Below Grade: 0
  • Num Of 1 Bedrooms: 0
  • Num Of 2 Bedrooms: 2
  • Num Of 3 Bedrooms: 0
  • Num Of 4 Bedrooms: 0
Multi Family
Multi-Family Information
  • Num of Efficiencies: 0
  • Num of Units Rented: 2
  • Number of Buildings: 1
  • Number of Units: 2
Income & Expenses Information
  • Annual Electric Expense: $1,140.00
  • Annual Fuel Expense: $780.00
  • Annual Gross Rent $: $26,280
  • Annual Insurance Expense: $1,000
  • Annual Maint. Expense: $1,000
  • Annual Misc: $0
  • Annual Net Income: $19,940
  • Annual Property Tax: $1,100
  • Annual Trash Expense: $0
  • Annual Water/Sewer Exp: $1,320
  • Gross Monthly Income: $2,190
  • Gross Monthly Rent: $2,190
Unit Information
Unit 1
  • Unit 1 SqFt: 922
  • Unit 1-Num of Bathrooms: 1
  • Unit 1-Num of Bedrooms: 2
  • Unit 1-Num of Rooms: 4
  • Unit 1-Basement: No
  • Unit 1-Currently Rented: Yes
  • Unit 1-Deposit Amount: $.00
  • Unit 1-Electric: Tenant
  • Unit 1-Garage Type: Detached
  • Unit 1-Garage: Yes
  • Unit 1-Garage/Num of Cars: 1
  • Unit 1-Gas: Tenant
  • Unit 1-Laundry Room: Kitchen
  • Unit 1-Lease Exp Date: 04-30-2026
  • Unit 1-Level: Main
  • Unit 1-Rent Frequency: Monthly
  • Unit 1-Unit Number: 1
  • Unit 1-Unit Rent $: $800
Unit 2
  • Unit 2 SqFt: 832
  • Unit 2-Num of Bathrooms: 1
  • Unit 2-Num of Bedrooms: 2
  • Unit 2-Num of Rooms: 4
  • Unit 2-Basement: No
  • Unit 2-Currently Rented: Yes
  • Unit 2-Deposit Amount: $600.00
  • Unit 2-Electric: Owner
  • Unit 2-Garage: No
  • Unit 2-Gas: Owner
  • Unit 2-Laundry Room: Utility Room
  • Unit 2-Lease Exp Date: 03-15-2026
  • Unit 2-Level: Upper
  • Unit 2-Rent Frequency: Monthly
  • Unit 2-Unit Number: 2
  • Unit 2-Unit Rent $: $1,390
Rental
Rental Information
  • Lease Term: Other
  • Owner Pays: Other
  • Tenant Pays: Other

Property History for 1508 East Main Street

DateEvent & SourcePriceAppreciation
Feb 2, 2026

Listed (Active)

MIBORMLS #22082414

$135,000
Feb 2, 2026

Listed (Active)

Indiana Regional MLS #202603255

$135,000
Mar 9, 2009

Sold

Indiana Regional MLS #20019698

$4,000
Feb 23, 2009

Sold (Public Record)

Public Record #1133714500

$4,000
Feb 5, 2009

Pending

Indiana Regional MLS #20019698

May 21, 2008

Listed (Active)

Indiana Regional MLS #20019698

$7,500
DateEvent & SourcePrice
02/02/2026

Listed (Active)

MIBORMLS #22082414

$135,000
02/02/2026

Listed (Active)

Indiana Regional MLS #202603255

$135,000
03/09/2009

Sold

Indiana Regional MLS #20019698

$4,000
02/23/2009

Sold (Public Record)

Public Record #1133714500

$4,000
02/05/2009

Pending

Indiana Regional MLS #20019698

05/21/2008

Listed (Active)

Indiana Regional MLS #20019698

$7,500

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1508 East Main Street

Taxable ValueLand$2,600Additions$47,300Total$49,900
Tax Record2024$1,106 ($92 / month)
Home Facts
Baths2Total Finished SqFt1,754 SqFtAbove Grade Finished SqFt1,754 SqFtStories2Lot Size6,250 SqFtStyleDuplexYear Built1918CountyDELAWAREAPN18-11-10-492-008.000-003

Schools near 1508 East Main Street

This home is within Muncie Community Schools.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - PK to 12
Public - 6 to 8
Public - K to 5
Rating
School
Distance
East Washington Academy
PublicPK to 5

Muncie Central High School
PublicPK to 12

Northside Middle School
Public6 to 8

Sutton Elementary School
PublicK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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1508 East Main Street is a multi-family home for sale in Muncie, IN 47305. This property was listed for sale on February 2, 2026 by RE/MAX Real Estate Groups, it's currently listed at $135,000. It has been on the market for a total of 1 days and was last sold on March 9, 2009. This listing's school district is Muncie Community Schools. Nearby schools include East Washington Academy, Muncie Central High School and Northside Middle School. 1508 East Main Street is a 4-bed, 2-bath, 1,754 sqft multi-family home built in 1918.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of RE/MAX Real Estate Groups

Based on information from one of the following Multiple Listing Services: MIBOR MLS,IRMLS,Southern Indiana REALTORS® Association,Southeastern Indiana Board of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by MIBOR MLS,IRMLS,Southern Indiana REALTORS® Association,Southeastern Indiana Board of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.