512 S Talley Ave

$114,900
Price
3
Beds
1,191 Sq. Ft.
$96 / Sq. Ft.
1,191
Sq. Ft.
$96
per Sq. Ft.

Description

Long term tenant in this investment property. Currently leased for $925 a month on a month to month basis. Property is close to BSU and IU Health. Current rent is below market rate. This property can generate instant cash flow. This property is part of a potential 5 property package with 1600 W Adams St., 216 S Dill St., 1623 N Janney Ave., 512 S Talley Ave., 1602 W Adams St.Long term tenant in this investment property. Currently leased for $925 a month on a month to month basis. Property is close to BSU and IU Health. Current rent is below market rate. This property can generate instant cash flow. This property is part of a potential 5 property package with 1600 W Adams St., 216 S Dill St., 1623 N Janney Ave., 512 S Talley Ave., 1602 W Adams St.
  1. Listed by BJ Bowman • Home 2 Home Realty Group • christy@home2homerealtygroup.com

Property Details for 512 South Talley Avenue

Style
One Story
Subdivision
West Side / Westside
Waterfront
No
Pet Restrictions
Yes
LISTING UPDATED: 09/19/2025 07:15 PM

Property Details for 512 South Talley Avenue

StatusActive
MLS #202534530
Days on Market117
Taxes$1,676 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family / Other
Year Built1919
Lot Size0.30 AC / 13,068 SF
CountyDelaware County

Location

Listing Courtesy of Home 2 Home Realty Group
Add your commute

Building Information for 512 South Talley Avenue

Stories1Residences1Year Built1919Building Size-Lot Size0.30 AC / 13,068 SF

Payment Calculator

$707 per month

30 year fixed, 6.28% Interest

Principal and Interest

$568

Property Taxes

$140

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 512 South Talley Avenue

Summary
Location and General Information
  • Area: Delaware County
  • City: Muncie
  • Zip Code: 47303
  • State: IN
  • Township: Center
  • Geo Latitude: 40
  • Geo Longitude: -85
  • Fips Code: 18035
  • Directions To Property: Jackson to Talley, south to sign
Taxes and HOA
  • Assoc Dues Frequency: Not Applicable
  • Year Taxes Payable: 2025
  • Parcel Number Id: 18-11-17-232-003.000-003
School Information
  • School District: Muncie Community Schools
  • Elementary: Westview
  • Middle School: Northside
  • High School: Central
Parking
  • Number Of Parking Spaces: 2
Property
Lot Information
  • Class: INVESTMENT
  • Property Subtype: Other
  • Approx Lot Size Acres: 0.3
  • Lot Dimensions: 50x142
  • Below Grade Unfin Sqft: 548.0
  • Total Square Feet: 1739.0
  • Approx Lot Size Sqft: 13068.0
  • Above Grade Finished Sqft: 1191.0
  • Below Grade Finished Sqft: 0.0
  • Total Below Grade Sqft: 548.0
  • Total Finished Sqft: 1191.0
  • Above Grade Unfin Sqft: 0.0
  • Lot Description: Level
Property and Assessments
  • New Construction: No
  • Year Built: 1919
  • Age: 106
  • Planned Unit Development: No
Utilities
  • Sewer: City
  • Water Utility: City
Interior and Exterior Features
Exterior Features
  • Amenities: Cable Available, Countertops-Laminate
  • Exterior: Other
  • Outbuilding: None
  • Platted: Yes
  • Pool: No
Interior Features
  • Number of Dishwashers: 0
  • Number of Disposals: 0
  • Number of Dryers: 0
  • Number of Microwaves: 0
  • Number of Ranges/Ovens: 1
  • Number of Refrigerators: 1
  • Number of W/D Hookups: 1
  • Number of Washers: 0
  • Basement Material: Block
  • Basement: Yes
  • Basement/Foundation: Partial Basement
  • Cooling: None
  • Flooring: Carpet, Laminate
  • Heating/Fuel: Gas, Forced Air
  • Stories: 1
  • Number of Above Grade Bedrooms: 3
  • Number of Below Grade Baths: 0
  • Number of Below Grade Bedrooms: 0
  • Total Number of Bedrooms: 3
  • Total Number of Full Baths: 1
  • Total Number of Half Baths: 0
  • Total Baths: 1
  • Number Total Rooms Below Grade: 0
  • Num Of 1 Bedrooms: 0
  • Num Of 2 Bedrooms: 0
  • Num Of 3 Bedrooms: 1
  • Num Of 4 Bedrooms: 0
Multi Family
Multi-Family Information
  • Num of Efficiencies: 0
  • Num of Units Rented: 1
  • Number of Units: 1
Income & Expenses Information
  • Annual Electric Expense: $.00
  • Annual Fuel Expense: $.00
  • Annual Gross Rent $: $11,100
  • Annual Insurance Expense: $0
  • Annual Maint. Expense: $0
  • Annual Misc: $0
  • Annual Net Income: $9,424
  • Annual Property Tax: $1,676
  • Annual Trash Expense: $0
  • Annual Water/Sewer Exp: $0
  • Gross Monthly Income: $925
  • Gross Monthly Rent: $925
Unit Information
Unit 1
  • Unit 1 SqFt: 1191
  • Unit 1-Num of Bathrooms: 1
  • Unit 1-Num of Bedrooms: 3
  • Unit 1-Currently Rented: Yes
  • Unit 1-Level: Main
  • Unit 1-Rent Frequency: Monthly
  • Unit 1-Unit Rent $: $725
Rental
Rental Information
  • Lease Term: Month to Month
  • Owner Pays: Building Insurance, Maintenance, Tax
  • Tenant Pays: Cable, Electric, Fuel, Sewer, Trash Collection, Water

Property History for 512 South Talley Avenue

DateEvent & SourcePriceAppreciation
Aug 28, 2025

Price Change

Indiana Regional MLS #202534530

$119,900
Aug 28, 2025

Listed (Active)

Indiana Regional MLS #202534530

$114,900
DateEvent & SourcePrice
08/28/2025

Price Change

Indiana Regional MLS #202534530

$119,900
08/28/2025

Listed (Active)

Indiana Regional MLS #202534530

$114,900

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

Public Records for 512 South Talley Avenue

Taxable ValueLand$13,700Additions$70,100Total$83,800
Tax Record2024$2,828 ($236 / month)
Home Facts
Beds3Baths1Total Finished SqFt1,191 SqFtAbove Grade Finished SqFt1,191 SqFtStories1Lot Size7,100 SqFtStyleSingle Family ResidenceYear Built1919CountyDELAWAREAPN18-11-17-232-003.000-003

Schools near 512 South Talley Avenue

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
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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512 South Talley Avenue is a multi-family home for sale in Muncie, IN 47303. This property was listed for sale on August 28, 2025 by Home 2 Home Realty Group, it's currently listed at $114,900. This listing's school district is Muncie Community Schools. Nearby schools include West View Elementary School, Muncie Central High School and Northside Middle School. 512 South Talley Avenue is a 3-bed, 1-bath, 1,191 sqft multi-family home built in 1919.

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 Home 2 Home Realty 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.