502 S Mound St

2,212 Sq. Ft.
$49 / Sq. Ft.
2,212
Sq. Ft.
$49
per Sq. Ft.

Description

This property is part of a potential 22 property package. Please see the attached document for details. Duplex. Unit 502 is a section 8 lease. Monthly rent is $700. Unit 502 1/2 monthly rent is $905, $500 deposit. Lease ends 8-30-25. Tenants pay electric. Owner pays WTS.This property is part of a potential 22 property package. Please see the attached document for details. Duplex. Unit 502 is a section 8 lease. Monthly rent is $700. Unit 502 1/2 monthly rent is $905, $500 deposit. Lease ends 8-30-25. Tenants pay electric. Owner pays WTS.
  1. Listed by Heather Clemmons • Starr Real Estate LLC

Property Details for 502 South Mound Street

Style
Two Story
Subdivision
None
Waterfront
No
Pet Restrictions
Yes
LISTING UPDATED: 01/25/2026 03:56 AM

Property Details for 502 South Mound Street

StatusActive
MLS #202529442
Days on Market194
Taxes$1,400 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family / Duplex
Year Built1890
Lot Size0.12 AC / 5,125 SF
CountyDelaware County

Location

Listing Courtesy of Starr Real Estate LLC
Add your commute

Building Information for 502 South Mound Street

Stories2Residences2Year Built1890Building Size-Lot Size0.12 AC / 5,125 SF

Payment Calculator

$647 per month

30 year fixed, 6.15% Interest

Principal and Interest

$531

Property Taxes

$117

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 502 South Mound 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
Taxes and HOA
  • Assoc Dues Frequency: Not Applicable
  • Year Taxes Payable: 2025
  • Parcel Number Id: 18-11-16-217-007.000-003
School Information
  • School District: Muncie Community Schools
  • Elementary: Southview
  • Middle School: Northside
  • High School: Central
Parking
  • Number Of Parking Spaces: 4
Property
Lot Information
  • Class: INVESTMENT
  • Property Subtype: Duplex
  • Approx Lot Size Acres: 0.12
  • Lot Dimensions: 410X1250
  • Lot Number: 16
  • Below Grade Unfin Sqft: 1106.0
  • Total Square Feet: 3318.0
  • Approx Lot Size Sqft: 5125.0
  • Above Grade Finished Sqft: 2212.0
  • Below Grade Finished Sqft: 0.0
  • Total Below Grade Sqft: 1106.0
  • Total Finished Sqft: 2212.0
  • Above Grade Unfin Sqft: 0.0
  • Lot Description: Slope
Property and Assessments
  • New Construction: No
  • Year Built: 1890
  • Age: 136
  • Planned Unit Development: No
Utilities
  • Sewer: City
  • Water Utility: City
Interior and Exterior Features
Exterior Features
  • Amenities: Basement
  • Exterior: Vinyl
  • Outbuilding: None
  • Platted: Yes
  • Pool: No
Interior Features
  • Number of Electric Meters: 2
  • Number of Gas Meters: 0
  • Number of Dishwashers: 0
  • Number of Disposals: 0
  • Number of Dryers: 0
  • Number of Microwaves: 0
  • Number of Ranges/Ovens: 0
  • Number of Refrigerators: 0
  • Number of W/D Hookups: 0
  • Number of Washers: 0
  • Number Water Meters: 1
  • Basement: Yes
  • Basement/Foundation: Full Basement
  • Cooling: None
  • Flooring: Other
  • Heating/Fuel: Electricity, Baseboard
  • Stories: 2
  • Number of Above Grade Bedrooms: 5
  • Number of Below Grade Baths: 0
  • Number of Below Grade Bedrooms: 0
  • Total Number of Bedrooms: 5
  • 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: 1
  • Num Of 3 Bedrooms: 1
  • Num Of 4 Bedrooms: 0
Multi Family
Multi-Family Information
  • Num of Efficiencies: 0
  • Num of Units Rented: 2
  • Number of Units: 2
Income & Expenses Information
  • Annual Electric Expense: $1.00
  • Annual Fuel Expense: $.00
  • Annual Gross Rent $: $19,260
  • Annual Insurance Expense: $1
  • Annual Maint. Expense: $1
  • Annual Misc: $1
  • Annual Net Income: $17,854
  • Annual Property Tax: $1,400
  • Annual Trash Expense: $1
  • Annual Water/Sewer Exp: $1
  • Gross Monthly Income: $1,605
  • Gross Monthly Rent: $1,605
Unit Information
Unit 1
  • Unit 1 SqFt: 1106
  • Unit 1-Num of Bathrooms: 1
  • Unit 1-Num of Bedrooms: 2
  • Unit 1-Num of Rooms: 5
  • Unit 1-Basement: Yes
  • Unit 1-Currently Rented: Yes
  • Unit 1-Deposit Amount: $.00
  • Unit 1-Electric: Tenant
  • Unit 1-Garage Type: None
  • Unit 1-Garage: No
  • Unit 1-Garage/Num of Cars: 0
  • Unit 1-Gas: None
  • Unit 1-Laundry Room: None
  • Unit 1-Level: Main
  • Unit 1-Rent Frequency: Monthly
  • Unit 1-Unit Number: 502
  • Unit 1-Unit Rent $: $700
Unit 2
  • Unit 2 SqFt: 1106
  • Unit 2-Num of Bathrooms: 1
  • Unit 2-Num of Bedrooms: 3
  • Unit 2-Num of Rooms: 6
  • Unit 2-Basement: Yes
  • Unit 2-Currently Rented: Yes
  • Unit 2-Deposit Amount: $500.00
  • Unit 2-Electric: Tenant
  • Unit 2-Garage Type: None
  • Unit 2-Garage: No
  • Unit 2-Garage/Num of Cars: 0
  • Unit 2-Gas: None
  • Unit 2-Laundry Room: None
  • Unit 2-Lease Exp Date: 08-30-2025
  • Unit 2-Level: Upper
  • Unit 2-Rent Frequency: Monthly
  • Unit 2-Unit Number: 502.5
  • Unit 2-Unit Rent $: $905
Rental
Rental Information
  • Lease Term: 1 Year
  • Owner Pays: Sewer, Trash Collection, Water
  • Tenant Pays: Electric

Property History for 502 South Mound Street

DateEvent & SourcePriceAppreciation
Jul 26, 2025

Price Change

Indiana Regional MLS #202529442

$109,900
Jul 26, 2025

Listed (Active)

Indiana Regional MLS #202529442

$108,900
Jul 25, 2003

Sold

Indiana Regional MLS #20019942

$15,000
May 23, 2003

Pending

Indiana Regional MLS #20019942

Mar 26, 2003

Listed (Active)

Indiana Regional MLS #20019942

$16,990
Feb 10, 2003

Expired

Indiana Regional MLS #20020338

Oct 12, 2002

Listed (Active)

Indiana Regional MLS #20020338

$34,990
DateEvent & SourcePrice
07/26/2025

Price Change

Indiana Regional MLS #202529442

$109,900
07/26/2025

Listed (Active)

Indiana Regional MLS #202529442

$108,900
07/25/2003

Sold

Indiana Regional MLS #20019942

$15,000
05/23/2003

Pending

Indiana Regional MLS #20019942

03/26/2003

Listed (Active)

Indiana Regional MLS #20019942

$16,990
02/10/2003

Expired

Indiana Regional MLS #20020338

10/12/2002

Listed (Active)

Indiana Regional MLS #20020338

$34,990

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

Public Records for 502 South Mound Street

Taxable ValueLand$5,100Additions$21,500Total$26,600
Tax Record2021$640 ($53 / month)
Home Facts
Baths2Total Finished SqFt2,212 SqFtAbove Grade Finished SqFt2,212 SqFtUnfinished Basement SqFt675 SqFtStories2Lot Size5,125 SqFtStyleDuplexYear Built1890CountyDELAWAREAPN18-11-16-217-007.000-003

Schools near 502 South Mound 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

Northside 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.

Similar Homes

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502 South Mound Street is a multi-family home for sale in Muncie, IN 47305. This property was listed for sale on July 26, 2025 by Starr Real Estate LLC, it's currently listed at $108,900. It has been on the market for a total of 194 days and was last sold on July 25, 2003. This listing's school district is Muncie Community Schools. Nearby schools include South View Elementary School, Muncie Central High School and Northside Middle School. 502 South Mound Street is a 5-bed, 2-bath, 2,212 sqft multi-family home built in 1890.

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 Starr Real Estate LLC

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.