3114 W Devon Rd

Muncie, IN 47304

$426,600
Price
10
Beds
5,982 Sq. Ft.
$71 / Sq. Ft.
5,982
Sq. Ft.
$71
per Sq. Ft.
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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...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
  1. Listed by Ryan Kramer • RE/MAX Real Estate Groups • Cell: 765-717-2489

Property Details for 3114 West Devon Road

Style
One Story
Subdivision
University Heights
Waterfront
No
Pet Restrictions
Yes
LISTING UPDATED: 07/10/2026 11:47 PM

Property Details for 3114 West Devon Road

StatusActive
MLS #202627583
Days on Market1
Taxes$4,760 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeMulti Family / Other
Year Built1951
Lot Size0.17 AC / 7,405 SF
CountyDelaware County
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Location

Listing Courtesy of RE/MAX Real Estate Groups
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Building Information for 3114 West Devon Road

Stories1Residences6Year Built1951Building Size-Lot Size0.17 AC / 7,405 SF

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$2,522 per month

30 year fixed, 6.36% Interest

Principal and Interest

$2,126

Property Taxes

$397

HOA Dues

$0

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Property Information for 3114 West Devon Road

Summary
Location and General Information
  • Area: Delaware County
  • City: Muncie
  • Zip Code: 47304
  • State: IN
  • Township: Center
  • Geo Latitude: 40
  • Geo Longitude: -85
  • Fips Code: 18035
  • Directions To Property: GPS friendly
Taxes and HOA
  • Assoc Dues Frequency: Not Applicable
  • Year Taxes Payable: 2026
  • Parcel Number Id: 18-11-08-156-012.000-003
School Information
  • School District: Muncie Community Schools
  • Elementary: Westview
  • Middle School: Northside
  • High School: Central
Parking
  • Number Of Parking Spaces: 12
Property
Lot Information
  • Class: INVESTMENT
  • Property Subtype: Other
  • Approx Lot Size Acres: 0.17
  • Lot Dimensions: 60x120
  • Below Grade Unfin Sqft: 0.0
  • Total Square Feet: 5982.0
  • Approx Lot Size Sqft: 7405.0
  • Above Grade Finished Sqft: 5982.0
  • Below Grade Finished Sqft: 0.0
  • Total Below Grade Sqft: 0.0
  • Total Finished Sqft: 5982.0
  • Above Grade Unfin Sqft: 0.0
  • Lot Description: Level
Property and Assessments
  • New Construction: No
  • Year Built: 1951
  • Age: 75
  • Planned Unit Development: No
Utilities
  • Sewer: City
  • Water Utility: City
Interior and Exterior Features
Exterior Features
  • Amenities: Other-See Remarks
  • Exterior: Vinyl
  • Outbuilding: None
  • Platted: Yes
  • Pool: No
  • Roof Material: Shingle
Interior Features
  • Number of Dishwashers: 2
  • Number of Disposals: 0
  • Number of Dryers: 4
  • Number of Microwaves: 2
  • Number of Ranges/Ovens: 4
  • Number of Refrigerators: 4
  • Number of W/D Hookups: 4
  • Number of Washers: 4
  • Basement: No
  • Basement/Foundation: Crawl
  • Cooling: None
  • Flooring: Other
  • Heating/Fuel: Gas, Forced Air
  • Stories: 1
  • Number of Above Grade Bedrooms: 10
  • Number of Below Grade Baths: 0
  • Number of Below Grade Bedrooms: 0
  • Total Number of Bedrooms: 10
  • Total Number of Full Baths: 4
  • Total Number of Half Baths: 0
  • Total Baths: 4
  • Number Total Rooms Below Grade: 0
  • Num Of 1 Bedrooms: 0
  • Num Of 2 Bedrooms: 3
  • Num Of 3 Bedrooms: 3
  • Num Of 4 Bedrooms: 0
Multi Family
Multi-Family Information
  • Num of Efficiencies: 0
  • Num of Units Rented: 6
  • Number of Buildings: 6
  • Number of Units: 6
Income & Expenses Information
  • Annual Electric Expense: $.00
  • Annual Fuel Expense: $.00
  • Annual Gross Rent $: $41,880
  • Annual Insurance Expense: $0
  • Annual Maint. Expense: $0
  • Annual Misc: $0
  • Annual Net Income: $37,120
  • Annual Property Tax: $4,760
  • Annual Trash Expense: $0
  • Annual Water/Sewer Exp: $0
  • Gross Monthly Income: $3,490
  • Gross Monthly Rent: $3,490
Unit Information
Unit 1
  • Unit 1 SqFt: 1284
  • Unit 1-Num of Bathrooms: 1
  • Unit 1-Num of Bedrooms: 3
  • Unit 1-Num of Rooms: 6
  • Unit 1-Currently Rented: No
  • Unit 1-Garage Type: Attached
  • Unit 1-Garage: Yes
  • Unit 1-Garage/Num of Cars: 1
  • Unit 1-Level: Main
  • Unit 1-Rent Frequency: Monthly
  • Unit 1-Unit Number: 3114
  • Unit 1-Unit Rent $: $1,100
Unit 2
  • Unit 2 SqFt: 836
  • Unit 2-Num of Bathrooms: 1
  • Unit 2-Num of Bedrooms: 3
  • Unit 2-Num of Rooms: 5
  • Unit 2-Currently Rented: Yes
  • Unit 2-Garage Type: Attached
  • Unit 2-Garage: Yes
  • Unit 2-Garage/Num of Cars: 1
  • Unit 2-Level: Main
  • Unit 2-Rent Frequency: Monthly
  • Unit 2-Unit Number: 312
  • Unit 2-Unit Rent $: $775
Unit 3
  • Unit 3 SqFt: 888
  • Unit 3-Num of Bathrooms: 1
  • Unit 3-Num of Bedrooms: 2
  • Unit 3-Num of Rooms: 4
  • Unit 3-Currently Rented: Yes
  • Unit 3-Garage Type: Detached
  • Unit 3-Garage: Yes
  • Unit 3-Garage/Number of Cars: 1
  • Unit 3-Level: Main
  • Unit 3-Rent Frequency: Monthly
  • Unit 3-Unit Number: 106
  • Unit 3-Unit Rent $: $750
Unit 4
  • Unit 4 SqFt: 885
  • Unit 4-Num of Bedrooms: 2
  • Unit 4-Num of Rooms: 5
  • Unit 4-Currently Rented: Yes
  • Unit 4-Garage Type: Attached
  • Unit 4-Garage: Yes
  • Unit 4-Garage/Num of Cars: 1
  • Unit 4-Level: Main
  • Unit 4-Rent Frequency: Monthly
  • Unit 4-Unit Number: 808
  • Unit 4-Unit Rent $: $865
Unit 5
  • Unit 5-Garage/Num of Cars: 1
Rental
Rental Information
  • Lease Term: 1 Year
  • Owner Pays: Other
  • Tenant Pays: Electric, Fuel, Sewer, Trash Collection, Water

Property History for 3114 West Devon Road

DateEvent & SourcePriceAppreciation
Jul 10, 2026

Listed (Active)

Indiana Regional MLS #202627583

$426,600—
May 29, 2025

Expired

MIBORMLS #22036742

—
May 29, 2025

Withdrawn

MIBORMLS #22036742

—
DateEvent & SourcePrice
07/10/2026

Listed (Active)

Indiana Regional MLS #202627583

$426,600
05/29/2025

Expired

MIBORMLS #22036742

—
05/29/2025

Withdrawn

MIBORMLS #22036742

—

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

Public Records for 3114 West Devon Road

Taxable ValueLand$16,600Additions$76,500Total$93,100
Tax Record2024$2,038 ($170 / month)
Home Facts
Beds3Baths1Total Finished SqFt1,284 SqFtAbove Grade Finished SqFt1,284 SqFtStories1Lot Size7,200 SqFtStyleSingle Family ResidenceYear Built1951Year Renovated1956CountyDELAWAREAPN18-11-08-156-012.000-003

Schools near 3114 West Devon Road

This home is within Muncie Community Schools.
Rating
School
Type
Grades
Distance
West View Elementary School
Public - PK to 5
Muncie Central High School
Public - PK to 12
Northside Middle School
Public - 6 to 8
Youth Opportunity Center
Public - K to 12
Rating
School
Distance
West View Elementary School
PublicPK to 5

Muncie Central High School
PublicPK to 12

Northside Middle School
Public6 to 8

Youth Opportunity Center
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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More information about 3114 West Devon Road, Muncie, IN 47304

3114 West Devon Road is a multi-family home for sale in Muncie, IN 47304. This property was listed for sale on July 10, 2026 by RE/MAX Real Estate Groups, it's currently listed at $426,600. This listing's school district is Muncie Community Schools. Nearby schools include West View Elementary School, Muncie Central High School and Northside Middle School. 3114 West Devon Road is a 10-bed, 4-bath, 5,982 sqft multi-family home built in 1951.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim 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 seller's discretion. 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.