$105,000

312 S Gharkey St Muncie, IN 47305

$1,247
Closing credit¹
4 beds
2 full
2,700 sqft
0.06 acres
$39 / 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 #22027133

Summary

  • MLS Number: 22027133
  • 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

bungalow featuring covered porch and a shingled roof

$105,000

312 S Gharkey St

$1,247

closing credit¹

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Seller rebate

0.5% sale price²

Price information

Property sales

We're sorry, we currently don't have property sales data for this listing.

Tax history

YearAssessmentProperty 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.

All data from GreatSchools

Neighborhood

The neighbors living near this home have an average income of $20,707. The majority of Muncie, IN residents have income less than $<35k annually. Most families are single, no kids. Most residents in this area have high school diploma education.

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?

  • UFCUFC
  • SoccerSoccer
  • NBA/WNBANBA/WNBA

Where do the neighbors shop?

  • Family DollarFamily Dollar
  • Forever 21Forever 21
  • Express/Express For MenExpress/Express For Men

Where do the neighbors go to eat?

  • Burger KingBurger King
  • Dominos PizzaDominos Pizza
  • StarbucksStarbucks

What do the neighbors drive?

  • BuickBuick
  • MazdaMazda
  • PontiacPontiac

What do the neighbors listen to?

  • Urban ContemporaryUrban Contemporary
  • Rhythmic Contemporary HitsRhythmic Contemporary Hits
  • JazzJazz
All data provided by Home Junction and Claritas

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Frequently asked questions

Living in Muncie, IN

About 312 S Gharkey St

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 March 17, 2025 and is currently priced at $105,000.

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. The inventory of homes for sale in Muncie, IN between February and March 2025 increased by 12.9%. In March 2025, listings were on the market for 40 days. During the same period, the median list price in this real estate market was $145,323.

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

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