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1517 S Walnut Street
Muncie, IN 47302
Asking Price
$445K
Cap Rate
8.57%
Asset Type
Multifamily
Class
Class B
What's Special
Multifamily | 8.57% CAP | 13 Units <ul><li>Rental Resilience: Average Muncie rents have seen a 2.4% year-over-year increase as of April 2026.</li><li>Old West End Transformation: A $3.2M READI 2.0 grant is currently funding the "block-by-block" redevelopment of the Old West End (near 500 W Howard and Council St). This project is adding 30+ new housing units and upgrading infrastructure, which significantly de-risks value-add plays in the surrounding area by improving the neighborhood's overall "curb appeal" and property values.
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NOI
$80,000
Cap Rate
17.98%
DSCR
3.03
Strong
Cash-on-Cash
40.14%
Monthly Payment
$2,201.617
Annual Cash Flow
$53,580.594