$85,000

1708 W 7th St Muncie, IN 47302

$1,009
Closing credit¹
3 beds
1 full
1,215 sqft
0.1 acres
$70 / sqft
House

Property details

About 1708 W 7th St

Cash flowing 3 bed 1 bath home. Update completed in 2022, new flooring throughout, updated appliances, fresh interior paint. Furnace and Water Heater less than 3 years old. This is a Section 8 property. Current rent is $784 a month with 20% down return is 9% annualized. $100 rent increase makes that return 13%. Proforma snapshot included in documents. Tenant pays all utilities. Economic growth remains steady with strong housing demand per Indiana Business review. The most recent forecast from Indiana University's Center for Econometric Model Research shows employment growth of 1.89% over the next two years (2023 Q4 to 2025 Q4). Personal income is expected to increase 3.4% through 2027 Property is being offered as part of a 4 unit package. An additional 2 unit package is also available, addresses and financials included in attached documents. Attached photos were taken before property was rented. Seller will not work with wholesalers or consider creative finance options. For additional questions and to arrange showings reach out to listing agent. Proof of funds and 24hr notice required for all showings

Highlights

Home typeSingle Family Residence
HeatingNone, Natural Gas
StatusActive
CoolingNone, Window Unit(s)
Size1,215 sqft
Lot size0.12 Acres
Year built1896
MLS #22027138

Summary

  • MLS Number: 22027138
  • MLS Name: MIBOR
  • Office Name: Fair Market Value Investment Sales
  • Office Email: Rich.graham@ellsburygroup.com
  • Listing Agent: Richard Graham

IDX Listings courtesy of MIBOR Broker Listing Cooperative® as distributed by MLS GRID.

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Get an agent. Get a mortgage. Save big.¹

exterior space with a yard and a shingled roof

$85,000

1708 W 7th St

$1,009

closing credit¹

Sell your home with Rocket and save even more!

Seller rebate

0.5% sale price²

Price information

Property sales

DateEventPrice
Aug 02, 2022
Home Sold
$13,000

Tax history

YearAssessmentProperty Tax
2023$14,800$637
2022$12,800$256
2021$11,200$331
2019$12,800$108
2017$15,700$767

History based on county public records data.

Nearby schools

2

South View Elementary School

Public District PK-5

1.0 mi

2100 S Franklin St

4

West View Elementary School

Public District PK-5

1.4 mi

3401 W Gilbert St

6

East Washington Academy

Public District PK-5

1.8 mi

1000 E Washington St

School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.

All data from GreatSchools

Neighborhood

The neighbors living near this home have an average income of $31,496. Typical income of Muncie, IN residents is less than $<35k annually. The most common type of family is single, no kids. Most residents in this area have high school diploma education.

How much money do the neighbors make?

56%
<35k
43%
35k-100k
1%
100k-200k
0%
200k+

What level of education do the neighbors have?

High School Diploma
Post Secondary Degree
Masters Degree

What types of families live nearby?

51%
Single, No Kids
18%
Single, with Kids
20%
Married, No Kids
11%
Married, with Kids

Are the neighbors home owners or renters?

Home Owners
Renters

How old are people in this area?

14%
<11 yrs old
7%
12-17 yrs old
24%
18-34 yrs old
40%
35-64 yrs old
15%
65+ yrs old

What do the neighbors do for fun?

  • Pro BoxingPro Boxing
  • NHRA Drag RacingNHRA Drag Racing
  • Mexican League SoccerMexican League Soccer

Where do the neighbors shop?

  • Family DollarFamily Dollar
  • Big LotsBig Lots
  • BurlingtonBurlington

Where do the neighbors go to eat?

  • White CastleWhite Castle
  • Golden CorralGolden Corral
  • Church's ChickenChurch's Chicken

What do the neighbors drive?

  • ChevroletChevrolet
  • KiaKia
  • BuickBuick

What do the neighbors listen to?

  • RockRock
  • Adult StandardsAdult Standards
  • Urban Adult ContemporaryUrban Adult Contemporary
All data provided by Home Junction and Claritas

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Frequently asked questions

Living in Muncie, IN

About 1708 W 7th St

This home is located at 1708 W 7th St in Muncie, IN and zip code 47302. This 1,215 square foot home, which was built in 1896, sits on a 0.12 acre lot. Features: 3 bedrooms, 1 bathroom. It has been listed on Rocket Homes since March 17, 2025 and is currently priced at $85,000.

In March 2025 more than 18 listings in Muncie, IN were sold above the asking price. During the same period more than 13 listings were sold at asking price, while more than 46 were sold below. Between February and March 2025, Muncie, IN real estate market has seen increase in the number of listings by 12.9%. In March 2025 median list price was $145,323 and the average listing age was 40 days.

From Rocket Homes Real Estate and based on county public records data.

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