429 W Charles St

Muncie, IN 47305

$190,000
Price
12
Beds
2,092 Sq. Ft.
$91 / Sq. Ft.
2,092
Sq. Ft.
$91
per Sq. Ft.

Description

Discover an excellent investment opportunity in the Old West End of downtown Muncie with this fully configured fiveplex at 429 W Charles Street. This brick-constructed multi-family property features a total of 7 bedrooms and 5 full baths within approximately 2,092 square feet of living space Property Highlights: • Five units with flexible rental configurations (12 total bedrooms, 5 baths). This brick-constructed multi-family property features a total of 7 bedrooms and 5 full baths within approximately...Discover an excellent investment opportunity in the Old West End of downtown Muncie with this fully configured fiveplex at 429 W Charles Street. This brick-constructed multi-family property features a total of 7 bedrooms and 5 full baths within approximately 2,092 square feet of living space Property Highlights: • Five units with flexible rental configurations (12 total bedrooms, 5 baths). This brick-constructed multi-family property features a total of 7 bedrooms and 5 full baths within approximately 2,092 square feet of living space Property Highlights: • Five units with flexible rental configurations (12 total bedrooms, 5 baths) • Built in 1800 — solid historic construction with durable materials. Brick exterior, two-story design with covered/enclosed porch area. Brick exterior, two-story design with covered/enclosed porch area • Off-street parking with up to 5 private spaces. Homes • Separate utilities (electric and gas) to each unit — currently owner covers utilities, presenting an opportunity to pass through costs to tenants. • Strong layout for long-term rental income or value-add repositioning. Unit Mix (Example/Rental Potential): • Unit 1: 2BR/1BA – $875/mo (occupied) • Unit 2: 1BR/1BA – vacant (last rented $750/mo) • Unit 3: 1BR/1BA – $800/mo (occupied) • Unit 4: 1BR/1BA – to be leased at ~$650/mo • Unit 5: 1BR/1BA (possible 2BR) – $740/mo (occupied) • Potential upside through utility billing restructuring and lease-up of Unit 4. Situated in a walkable downtown neighborhood near parks and local amenities, this property is ideal for investors targeting stable cash flow, tenant demand, and long-term value in a central Muncie location.
  1. Listed by Cody Wallace • Ferris Property Group

Property Details for 429 West Charles Street

Style
Two Story
Subdivision
None
Waterfront
No
Water Features
None
Pet Restrictions
No
LISTING UPDATED: 01/15/2026 09:35 PM

Property Details for 429 West Charles Street

StatusActive
MLS #202547323
Days on Market57
Taxes$1,575 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family / Fiveplex
Year Built1800
Lot Size0.07 AC / 3,049 SF
CountyDelaware County

Location

Listing Courtesy of Ferris Property Group
Add your commute

Building Information for 429 West Charles Street

Stories2Residences5Year Built1800Building Size-Lot Size0.07 AC / 3,049 SF

Payment Calculator

$1,057 per month

30 year fixed, 6.15% Interest

Principal and Interest

$926

Property Taxes

$131

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 429 West Charles 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 is best way to roll
  • Location: City/Town/Suburb
Taxes and HOA
  • Assoc Dues Frequency: Not Applicable
  • Year Taxes Payable: 1575
  • Parcel Number Id: 18-11-16-234-008.000-003
School Information
  • School District: Muncie Community Schools
  • Elementary: Westview
  • Middle School: Northside
  • High School: Central
Parking
  • Number Of Parking Spaces: 5
  • Parking: Private
Property
Lot Information
  • Class: INVESTMENT
  • Property Subtype: Fiveplex
  • Approx Lot Size Acres: 0.07
  • Lot Dimensions: 151x67
  • Below Grade Unfin Sqft: 686.0
  • Total Square Feet: 2778.0
  • Approx Lot Size Sqft: 3049.0
  • Above Grade Finished Sqft: 2092.0
  • Below Grade Finished Sqft: 0.0
  • Total Below Grade Sqft: 686.0
  • Total Finished Sqft: 2092.0
  • Above Grade Unfin Sqft: 0.0
  • Lot Description: Level
Property and Assessments
  • New Construction: No
  • Year Built: 1800
  • Age: 226
  • Documents Available: LBP Form, Sellers Disclosure
  • Planned Unit Development: No
Utilities
  • Sewer: City
  • Water Utility: City
Interior and Exterior Features
Exterior Features
  • Amenities: Basement, Ceiling Fan, Off Street Parking, Ceiling-9+, Countertops-Laminate, Porch Covered, Porch Enclosed, Water Heater Gas
  • Exterior: Brick
  • Fence: None
  • Outbuilding: None
  • Platted: Yes
  • Pool: No
  • Roof Material: Rubber, Shingle
Interior Features
  • Number of Dishwashers: 0
  • Number of Disposals: 0
  • Number of Dryers: 0
  • Number of Microwaves: 0
  • Number of Ranges/Ovens: 5
  • Number of Refrigerators: 5
  • Number of W/D Hookups: 1
  • Number of Washers: 0
  • Basement Material: Block
  • Basement: Yes
  • Basement/Foundation: Crawl, Unfinished
  • Cooling: None
  • Flooring: Vinyl
  • Heating/Fuel: Gas, Forced Air
  • Stories: 2
  • Number of Above Grade Bedrooms: 12
  • Number of Below Grade Baths: 0
  • Number of Below Grade Bedrooms: 0
  • Total Number of Bedrooms: 12
  • Total Number of Full Baths: 5
  • Total Number of Half Baths: 0
  • Total Baths: 5
  • Number Total Rooms Below Grade: 0
  • Num Of 1 Bedrooms: 2
  • Num Of 2 Bedrooms: 2
  • Num Of 3 Bedrooms: 0
  • Num Of 4 Bedrooms: 0
Multi Family
Multi-Family Information
  • Num of Efficiencies: 1
  • Num of Units Rented: 3
  • Number of Units: 5
Income & Expenses Information
  • Annual Electric Expense: $16,800.00
  • Annual Fuel Expense: $.00
  • Annual Gross Rent $: $45,780
  • Annual Insurance Expense: $3,500
  • Annual Maint. Expense: $0
  • Annual Misc: $0
  • Annual Net Income: $23,905
  • Annual Property Tax: $1,575
  • Annual Trash Expense: $0
  • Annual Water/Sewer Exp: $0
  • Gross Monthly Income: $3,815
  • Gross Monthly Rent: $3,815
Unit Information
Unit 1
  • Unit 1-Num of Bathrooms: 1
  • Unit 1-Num of Bedrooms: 2
  • Unit 1-Currently Rented: Yes
  • Unit 1-Rent Frequency: Monthly
  • Unit 1-Unit Rent $: $875
Unit 2
  • Unit 2-Num of Bathrooms: 1
  • Unit 2-Num of Bedrooms: 1
  • Unit 2-Currently Rented: No
  • Unit 2-Rent Frequency: Monthly
  • Unit 2-Unit Rent $: $750
Unit 3
  • Unit 3-Num of Bathrooms: 1
  • Unit 3-Num of Bedrooms: 1
  • Unit 3-Currently Rented: Yes
  • Unit 3-Rent Frequency: Monthly
  • Unit 3-Unit Rent $: $800
Unit 4
  • Unit 4-Num of Bedrooms: 1
  • Unit 4-Currently Rented: No
  • Unit 4-Rent Frequency: Monthly
  • Unit 4-Unit Rent $: $650
Unit 5
  • Unit 5-Num of Bedrooms: 1
  • Unit 5-Currently Rented: Yes
  • Unit 5-Rent Frequency: Monthly
  • Unit 5-Unit Rent $: $740
Rental
Rental Information
  • Lease Term: 1 Year, Month to Month
  • Owner Pays: Electric, Heating, Lawn Maintenance, Maintenance, Sewer, Water
  • Tenant Pays: None

Property History for 429 West Charles Street

DateEvent & SourcePriceAppreciation
Nov 24, 2025

Price Change

Indiana Regional MLS #202547323

$209,900—
Nov 24, 2025

Price Change

Indiana Regional MLS #202547323

$204,900—
Nov 24, 2025

Listed (Active)

Indiana Regional MLS #202547323

$190,000—
Nov 30, 2011

Sold

MIBORMLS #21142844

$75,000—
Nov 30, 2011

Sold

Indiana Regional MLS #20021201

$75,000—
Nov 4, 2011

Pending

MIBORMLS #21142844

—
Nov 4, 2011

Pending

Indiana Regional MLS #20021201

—
Sep 20, 2011

Listed (Active)

MIBORMLS #21142844

$89,900—
Aug 31, 2011

Listed (Active)

Indiana Regional MLS #20021201

$89,900—
DateEvent & SourcePrice
11/24/2025

Price Change

Indiana Regional MLS #202547323

$209,900
11/24/2025

Price Change

Indiana Regional MLS #202547323

$204,900
11/24/2025

Listed (Active)

Indiana Regional MLS #202547323

$190,000
11/30/2011

Sold

MIBORMLS #21142844

$75,000
11/30/2011

Sold

Indiana Regional MLS #20021201

$75,000
11/04/2011

Pending

MIBORMLS #21142844

—
11/04/2011

Pending

Indiana Regional MLS #20021201

—
09/20/2011

Listed (Active)

MIBORMLS #21142844

$89,900
08/31/2011

Listed (Active)

Indiana Regional MLS #20021201

$89,900

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

Public Records for 429 West Charles Street

Taxable ValueLand$3,800Additions$75,000Total$78,800
Tax Record2024$1,768 ($147 / month)
Home Facts
Baths5Total Finished SqFt2,092 SqFtAbove Grade Finished SqFt2,092 SqFtStories1Lot Size3,049 SqFtStyleMulti-Family Dwelling (2-4)Year Built1800CountyDELAWAREAPN18-11-16-234-008.000-003Fireplace TypeHas Fireplace

Schools near 429 West Charles Street

This home is within Muncie Community Schools.
Rating
School
Type
Grades
Distance
South 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
South 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 429 West Charles Street, Muncie, IN 47305

429 West Charles Street is a multi-family home for sale in Muncie, IN 47305. This property was listed for sale on November 24, 2025 by Ferris Property Group, it's currently listed at $190,000. It has been on the market for a total of 57 days and was last sold on November 30, 2011. This listing's school district is Muncie Community Schools. Nearby schools include South View Elementary School, Muncie Central High School and Northside Middle School. 429 West Charles Street is a 12-bed, 5-bath, 2,092 sqft multi-family home built in 1800.

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 Ferris Property Group

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.