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Listed by Coldwell Banker Real Estate Group
$ 665,000
Est. payment | /mo
8 Baths
0.45 Acres Lot
$ 665,000
Est. payment | /mo
8 Baths
0.45 Acres Lot
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
MLS Listing ID IRM202635929
HOA Y/N No
Year Built 1964
Annual Tax Amount $4,998
Tax Year 25
Lot Size 0.450 Acres
Acres 0.45
Lot Dimensions Irregular
Property Sub-Type Other
Property Description
709 South Hutchinson Avenue is an 8 unit apartment community built in 1964, comprising two buildings totaling 5,432 square feet (4,028 and 1,404 square feet) on a nearly half acre lot, plus a utility shed and paved off street parking. The unit mix consists of 6 two bedroom units and 2 one bedroom units, for 14 beds and 8 baths total. Every unit has been completely remodeled within the past couple of years, the property received a new shingle roof in 2025, and washer/dryer hookups in every unit. Water, sewer, and trash are billed back to tenants monthly, helping offset owner operating costs. The result is a well maintained, largely turnkey multifamily asset with minimal near term capital needs for an incoming buyer. 709 South Hutchinson Avenue sits in Muncie's Westside neighborhood, in Delaware County's Center Township, on a paved side street just west of Wheeling Avenue between State Road 332 and White River Boulevard. The property is positioned between the White River and Ball State University, putting it within easy reach of both the university and IU Health Ball Memorial Hospital, two of the area's largest employers and steady sources of rental demand.? Tree lined streets and a mix of mid century ranches and bungalows define the immediate surroundings, and residents are a short distance from Minnetrista Museum & Gardens and the David Owsley Museum of Art. All public utilities, including electricity, gas, sewer, and water, serve the site.
Location
State IN
County Delaware County
Rooms
Basement Slab
Interior
Heating Gas
Inclusions Building, Lease
Fireplace N
Exterior
Parking Features Parking Lot, Paved, Private
View Y/N true
Building
Sewer Public Sewer
Water City, Public
New Construction Yes
Others
Pets Allowed No
Tax ID 18-11-17-260-010.000-003
Acceptable Financing IRM202635929
Listing Terms IRM202635929
Special Listing Condition None
Virtual Tour https://www.propertypanorama.com/instaview/irmls/202635929
IDX information provided by the Indiana Regional MLS. © 2026 Listings courtesy of Indiana Regional MLS as distributed by MLS GRID. All Rights Reserved.
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