Know someone buying a home?
Don’t let your Veteran and military friends miss out on the opportunity to discover this home!
12
Photos
507 W Riverside Avenue, Muncie, IN 47303
$167,000 Asking Price
$---/mo Est. Payment Get Prequalified »
5
beds
3
baths
3,249
sqft
Built in
1906
This updated, 2,016-square-foot, two-story home near Ball State University is an exceptional investment opportunity, featuring five bedrooms and two and a half bathrooms. Recent improvements include a brand-new roof (2023), a furnace (2021), and updated exterior (2024), providing low-maintenance appeal and peace of mind for years to come. Its spacious layout and prime location make it perfect for student housing or family rental, ensuring high demand and strong rental income potential. With recent updates, ample living space, and proximity to campus and local amenities, this property is a standout choice for investors seeking solid returns.
Features & Amenities
Interior
- Basement:
- Partial Basement
- Flooring:
- Hardwood Floors,Carpet,Laminate
- A/C:
- Central Air,Window
- Heating:
- Gas,Forced Air
- Fireplace:
- None
Exterior
- General:
- Vinyl
Construction
- Roofing:
- Asphalt
- General:
- Two Story, Partial Basement
Location
- Road/Access:
- City
- HOA Amenities:
- Not Applicable
- School District:
- Muncie Community Schools
Lot
- Driveway:
- Gravel
- Zoning:
- R-4 Residence Zone, ALAMEDA PLACE SUB1 PT ALLEY ADJ E5FT LOTS 19 & 20, 18-11-09-262-003.000-003
- Fencing:
- None
Utilities
- Water:
- City
Financial
- Exclusions:
- n/a
This listing courtesy of:
NextHome Elite Real Estate, Tom Oliver
Monthly Payment
Disabled 10% or more?
Used a VA Loan before?
Eligible for BAH?
Do you have dependents?
Your BAH amount is for the military housing area.
Loan term (number of years)
Property taxes are generally around 1.2% of the home’s value, but may vary based on location.
Annual homeowners insurance is typically 0.35% of the home’s value but can vary based on insurer.
$---
Est. Payment *
- Principal & Interest $--
- Taxes $--
- Insurance $--
- VA Funding Fee $--
$--- Est. Payment - $--- BAH = $--- Remaining
Powered by
Ready to get started? Get prequalified »
About Muncie, IN
Housing
- Number of Units
- 41,085
- Median Home Value
- $98,670
- Median Rent
- $581
42.41% of housing units are renter occupied.
12.43% are vacant.
Commute
- Car
-
76.47%
- Public Transportation
-
1.60%
- Walk to Work
-
5.54%
- Work from Home
-
15.11%
- Other
-
0.81%
The median travel time to work is 18 minutes.
People
- Population
- 88,861
- Median Age
- 37.90
- Median Household Size
- 2.54
Education
- High School
-
34.58%
- Associate’s Degree
-
9.41%
- Bachelor’s Degree
-
13.27%
- Graduate Degree
-
11.17%
Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.
Similar Homes
Interested in this home?
Request more information:
