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$2,255 Closing Credit¹
#202514455, Lucius Conner, Listing Office: Viking Realty
$325,000 List price
312 S Gharkey St Muncie, IN 47305
$3,859
Closing credit¹
4 beds
2 full
2,700 sqft
0.06 acres
$120 / sqft
House
Property details
About 312 S Gharkey St
Cash flowing 4 bed 2 bath home. Update completed in 2022, new flooring throughout, updated appliances, fresh interior paint. Furnace and Water Heater less than 3 years old. Current rent is $1000 a month with 20% down return is 8% 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
HeatingBaseboard
StatusActive
Size2,700 sqft
BasementYes
Lot size0.06 Acres
Year built1910
MLS #22033020
Summary
- Full Bathrooms: 2
- Appliances: Electric Oven, Refrigerator, Water Heater
- Basement: Yes
- Interior: Hardwood Floors, Eat-in Kitchen, Screens Complete, Windows Vinyl, Wood Work Painted
- Total Bedroom Count: 4
- Architectural Style: TraditonalAmerican
- Heating: Baseboard
- Cooling: None
- List Price: $325,000
- Price/SqFt: $120
- Annual Tax Amount: $375
- Tax Year: 2023
- Directions: GPS Friendly
- Year Built: 1910
- Living Area: 2,700 SqFt
- Lot Size: 0.06 Acres
- MLS Number: 22033020
- MLS Name: MIBOR
- Office Name: JMG Indiana
- Office Email: Richardgraham@jasonmitchellgroup.com
- Listing Agent: Richard Graham
Listings courtesy of MIBOR Broker Listing Cooperative® as distributed by MLS GRID.
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Copyright ©2025 MIBOR REALTOR® Association. All rights reserved. Information is provided exclusively for consumers’ personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Based on information submitted to the Broker Listing Cooperative listing service. All information provided is deemed reliable but is not guaranteed and should be independently verified. All data is obtained from various sources and may not have been verified by broker or Broker Listing Cooperative listing service. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/23/2025, 11:46:27 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$325,000
312 S Gharkey St
$3,859
closing credit¹
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Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $13,400 | $375 |
| 2022 | $12,800 | $256 |
| 2021 | $10,200 | $637 |
| 2019 | $13,700 | $382 |
| 2017 | $13,400 | $376 |
History based on county public records data.
Nearby schools
6
East Washington Academy
Public District PK-5
1.0 mi
•1000 E Washington St
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
1.8 mi
•3401 W Gilbert St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $20,707. Typical income of Muncie, IN residents is less than $<35k annually. The majority of families are single, no kids. Typical level of education for residents in this area is high school diploma.
How much money do the neighbors make?
82%
<35k
17%
35k-100k
1%
100k-200k
0%
200k+
What level of education do the neighbors have?
No High School
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
73%
Single, No Kids
9%
Single, with Kids
13%
Married, No Kids
5%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
9%
<11 yrs old
3%
12-17 yrs old
44%
18-34 yrs old
38%
35-64 yrs old
6%
65+ yrs old
What do the neighbors do for fun?
UFC
Soccer
NBA/WNBA
Where do the neighbors shop?
Family Dollar
Forever 21
Express/Express For Men
Where do the neighbors go to eat?
Burger King
Dominos Pizza
Starbucks
What do the neighbors drive?
Buick
Mazda
Pontiac
What do the neighbors listen to?
Urban Contemporary
Rhythmic Contemporary Hits
Jazz
All data provided by Home Junction and Claritas
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Frequently asked questions
Living in Muncie, IN
Transportation in Muncie includes a network of roads and highways that connect residents to nearby cities and amenities. Public transit options are available, providing access to key areas within the city. The community is also mindful of walkability, with certain areas being more pedestrian-friendly. While specific ride-sharing services are operational, their availability may vary throughout the city.
The community is served by a robust educational system, including multiple public schools at the elementary, middle, and high school levels, as well as private educational institutions. Healthcare services are comprehensive, with facilities offering a range of specialized care. The public library system is active, providing resources and programming for residents of all ages. Retail and dining options are plentiful, reflecting Muncie's local culture and culinary diversity.
Muncie is celebrated for its vibrant community spirit and cultural offerings. The city prides itself on its local events, including festivals and fairs that highlight the area's history and arts scene. The community's character is further defined by its commitment to preserving green spaces and promoting a family-friendly atmosphere.
Muncie's housing market offers a diverse array of options, with single-family homes being a significant presence. Architectural styles vary, with a mix of historic homes that reflect the city's rich past and more contemporary designs for modern living. The market is balanced, with a healthy mix of ownership and rental opportunities, catering to a range of preferences and budgets.
About 312 S Gharkey St
The listing price of 312 S Gharkey St property is $325,000.
The property 312 S Gharkey St is a house located in Muncie, Indiana, 47305.
Active Listing: 312 S Gharkey St is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 312 S Gharkey St are: East Washington Academy (GreatSchools Rating 6/10), South View Elementary School (GreatSchools Rating 2/10), West View Elementary School (GreatSchools Rating 4/10), Northside Middle School (GreatSchools Rating 4/10), Southside Middle School (GreatSchools Rating 2/10), Inspire Academy - a School of Inquiry (GreatSchools Rating 2/10), Muncie Central High School (GreatSchools Rating 3/10), Indiana Academy for Science Math Hmn (GreatSchools Rating 10/10), Burris Laboratory School (GreatSchools Rating 7/10).
According to the records, the last property tax for 2023 is $375 (source: MLS/based on county public records data).
The property at 312 S Gharkey St has 4 bedrooms and 2 bathrooms.
The property 312 S Gharkey St is 2,700 SqFt (source: MLS/tax record).
The year of construction for 312 S Gharkey St is 1910.
This home is located at 312 S Gharkey St in Muncie, IN and zip code 47305. This 2,700 square foot home, which was built in 1910, sits on a 0.06 acre lot. Features: 4 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since April 17, 2025 and is currently priced at $325,000.
In April 2025 more than 27 listings in Muncie, IN were sold above the asking price. During the same period more than 18 listings were sold at asking price, while more than 73 were sold below. The inventory of homes for sale in Muncie, IN between March and April 2025 increased by 11.6%. In April 2025 median list price was $145,942 and the average listing age was 46 days.
From Rocket Homes Real Estate and based on county public records data.