1517 S Walnut St

Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Investment Opportunity - 11-unit Apartments and an office space. All on South Walnut Street in Muncie. 2- two story commercial buildings (1523- 2 units/ office and 1525- 3units). A two story 6-unit apartment building (1517-1519)and a parking lot (1513). Rents range $450-500 per unit. All utilities included. As the units become available upgrades have been made to the vacant unit. Most units still have Not been remodeled and do need some improvements. Most units have long term renters on month-to-month...Investment Opportunity - 11-unit Apartments and an office space. All on South Walnut Street in Muncie. 2- two story commercial buildings (1523- 2 units/ office and 1525- 3units). A two story 6-unit apartment building (1517-1519)and a parking lot (1513). Rents range $450-500 per unit. All utilities included. As the units become available upgrades have been made to the vacant unit. Most units still have Not been remodeled and do need some improvements. Most units have long term renters on month-to-month leases. Upgrades include perseller: 2 new water heaters, rubber roof over unit 2 and a complete upgrade in unit 3.
  1. Listed by Heather Clemmons • Starr Real Estate, Inc.
    P: (765)-288-1711 C: (765)-748-5066 heather.clemmons@eaglesold.com

Property Details for 1517 South Walnut Street

Architectural Style
TraditonalAmerican
Subdivision Name
NO SUBDIVISION
Township
Center
LISTING UPDATED: 02/22/2022 01:37 PM

Property Details for 1517 South Walnut Street

StatusClosed
MLS #21770393
Days on Market299
Taxes$1,646 semi-annually
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeResidential Income / Commercial Units - 5+
Year Built1948
Lot Size0.15 AC / 6,669 SF
CountyDelaware County

Location

Listing Courtesy of Starr Real Estate, Inc.

Sold By Green Forest Realty

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Building Information for 1517 South Walnut Street

Stories-Residences11Year Built1948Building Size-Lot Size0.15 AC / 6,669 SF

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Principal and Interest

$678

Property Taxes

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Property Information for 1517 South Walnut Street

Summary
Location and General Information
  • City: Muncie
  • County Or Parish: Delaware
  • Directions: Corner of W 9th and S Walnut (1513 Lot, 1517, 1523, 1525 Buildings)
  • Postal Code: 47302
  • REO Relocation: 0
  • State Or Province: IN
Taxes and HOA Information
  • Multiple Tax ID: see remarks
  • Parcel Number: 181116479010000003
  • Semi Annual Property Tax Amt: 1646
  • Tax Exemption: None
  • Tax Year: 2020
Owner
  • Owner Pays: Electricity, Gas, Taxes, Sewer, All Utilities, Water
Property
Lot Information
  • Acreage: <1/4 Acre
  • Building Area Source: Assessor
  • Building Information: No Furniture
  • Lot Number: 1
  • Lot Size: 6,670
  • Lot Size Acres: 0.1531
  • MLS: MIBOR
  • New Construction: False
  • SqFt Main Upper: 0
  • Sq Ft Total: 0.0
  • Year Built Numeric: 1948
Property and Assessments
  • Affected by Disclosures: 0
  • Conversion: 0
  • Documents: Legal Description,Other
  • Inspection Warranties: Not Applicable
  • Investment: 1
  • Photos Count: 9
  • Property Attached: No
  • Property Sub Type: Commercial Units - 5+
  • Property Type: Residential Income
  • SaleTerms: Cash
  • Supplement Count: 3
  • Transaction Type: Sale
Green Features
  • Green Certification: 0
Utilities
  • Building Utilities: Electric,Sewer,Water,Gas Connected
  • Operating Expense Includes: Insurance, Maintenance, PropTaxes, Repairs, Utilities
  • Solid Waste: 0
Interior and Exterior Features
Exterior Features
  • Construction Materials: Wood Brick
  • Foundation Details: Slab
Interior Features
  • Levels: Two
  • Laundry: NoLaundry
Room Information
Room Information
  • Rooms MU: 0
  • Rooms Total MU: 0
  • Total Rooms: 0
Bathrooms
  • Bathrooms Full: 0
  • Bathrooms Half: 0
  • Bathrooms Total Count: 0
  • Full Baths MU: 0
  • Half Baths MU: 0
Bedrooms
  • Beds MU: 0
  • Bedrooms MU: 0
  • Bedrooms Total: 0
Multi Family
Multi-Family Information
  • Total Units: 11
  • Garage Parking: On Street, Paved Area
Income & Expenses
  • Expenses: 18000
  • Gross Operating Income: 60600
Unit 1
  • Unit Kitchen: 10x12
  • Unit Levels: 1.0000
  • Unit Master Bedroom: 10x10
  • Unit Miscellaneous: NoEquip
  • Unit Num of Bathrooms: 1.0000
  • Unit Num of Bedrooms: 1
  • Unit Num of Rooms: 4
  • Unit Num of Units: 11
  • Unit Rent Frequency: Monthly
  • Unit SqFt: 400
  • Unit Utilities: FuelElec,FuelGas
Rental
Rental Information
  • Tenant Pays: Rent Only

Property History for 1517 South Walnut Street

DateEvent & SourcePriceAppreciation
May 5, 2026

Expired

MIBORMLS #22089763

May 5, 2026

Withdrawn

MIBORMLS #22089763

Mar 17, 2026

Listed (Active)

MIBORMLS #22089763

$525,000
DateEvent & SourcePrice
05/05/2026

Expired

MIBORMLS #22089763

05/05/2026

Withdrawn

MIBORMLS #22089763

03/17/2026

Listed (Active)

MIBORMLS #22089763

$525,000

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

Public Records for 1517 South Walnut Street

Taxable ValueLand$5,900Additions$62,100Total$68,000
Tax Record2025$1,468 ($122 / month)
Home Facts
Total Finished SqFt2,904 SqFtAbove Grade Finished SqFt2,904 SqFtStories2Lot Size6,670 SqFtStyleMulti-Family Res (5+ Units)Year Built1948CountyDELAWAREAPN18-11-16-479-010.000-003

Schools near 1517 South Walnut 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 12
Rating
School
Distance
South View Elementary School
PublicPK to 5

Muncie Central High School
PublicPK to 12

Wilson Middle School
Public6 to 8

Muncie Virtual Academy
PublicK to 12

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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Listing Courtesy of Starr Real Estate, Inc.

Based on information submitted to the MLS GRID as of 02/22/2022 01:37 PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS. 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. The data is deemed reliable but is not guaranteed by MLS GRID. Use of the MLS GRID data may be subject to an end user license agreement prescribed by the applicable MLS of the Member Participant, if any, and as amended from time to time.