What to know about this one.
Mostly occupied quadplex - an excellent cash-flow investment opportunity. This income-producing property offers immediate rental income with three out of the four units leased, providing stable returns and strong portfolio potential. Conveniently located near Ball State University, local amenities, and major routes, supporting consistent rental demand. This property also includes an additional property that comes with the lot (432 Proud St). Price reflects package deal of addresses listed: 702 W 5th St Anderson IN, 205 N Lincoln Ave Alexandria IN , 1527 Walnut St Anderson IN, 820-822 W Howard St Muncie IN.
Estimate your monthly payment
- P&I $4,184
- Property tax $658
- Insurance $277
Estimates only, not a quote. Defaults reflect Marion County / Indianapolis averages: property tax at 1.0% of price (Indiana homestead-capped at 1%), homeowners insurance at 0.42% annually. Conventional: PMI runs 0.55% of the loan annually when your down payment is below 20%, and drops automatically at 22% equity. Your real number depends on credit, taxes assessed for the parcel, escrow, condo insurance, and HOA. Rates as of May 2026 and subject to change.
Talk to a lender we trust820-822 W Howard St
Muncie, IN 47305
