The ORR Home Selling Team Real Estate Groups
  • 2200 W. McGalliard Road
    Muncie, IN 47304

Muncie, IN 47303 704 N Alameda Drive

$219,900

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Presented By: Austin Rich with NextHome Elite Real Estate; Cell: 765-749-4546
  • MLS# 202643202
  • 10/19/2026
  • Get pre-approved
  • Request Tour
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  • Beds • 5
  • Baths • 3
  • SQFT • 2,396

Home Details

Established rental income and a location near Ball State University make this property a compelling addition to an investment portfolio! Leased through July 15th, 2027, at $2,425 per month, the home provides $29,100 in scheduled annual gross rent. Five bedrooms, three full bathrooms, and approximately 2,396 finished square feet, including 1,000 finished square feet in the basement, provide a spacious layout. A tiled foyer welcomes you inside, while basement laundry and off-street parking add everyday convenience. Gas forced-air heat and central air round out the propertys features, and the tenants are responsible for all utilities under the lease. Property is currently leased and tenant occupied. Interior photos were taken when the property was staged and do not reflect current tenant furnishings/occupancy. Furniture, decor and personal property shown in the photos are not included in the sale. Sale is subject to the existing lease and tenant rights.
Presented By: Austin Rich with NextHome Elite Real Estate; Cell: 765-749-4546

Interior Features for 704 N Alameda Drive

Bedrooms

Num. of 1 Bedrooms5
Num. of 2 Bedrooms0
Num. of 3 Bedrooms0
Num. of 4 Bedrooms
Above Grade Bedrooms3
Beds5
Below Grade Bedrooms2

Bathrooms

Below Grade Baths1

Other Interior Features

Unit 3 SqFt98
Unit 1 SqFt212
Unit 4 SqFt206
Unit 2 SqFt140
Unit 5 SqFt197
Total Finished SqFt2396
Basement Y/NYes
Above Grade Finished SqFt1396
Above Grade Unfin. SqFt0
Below Grade Finished SqFt1000
Below Grade Unfin. SqFt173
Num. of Efficiencies
BasementFull Basement, Finished
Dishwasher(s)1
Disposal(s)1
Dryer(s)1
FlooringConcrete, Wood, Tile
Microwaves
Ranges/Ovens1
Refrigerators2
Total Number of Units5
W/D Hookups1
Washers1

Other Rooms

Total Rooms Below Grade3

General for 704 N Alameda Drive

Age106
Agent First NameAustin
Agent Last NameRich
Annual Electric Expense
Annual Fuel Expense
Annual Insurance Expense
Annual Trash Expense
AreaDelaware County
Assoc. Dues FrequencyNot Applicable
Assoc. Restrictions Y/NNo
Associated Document Count2
Auction Y/NNo
Bathrooms3
CityMuncie
ClassINVESTMENT
Common AmenitiesSidewalks
CoolingCentral Air
DOM16
Elementary SchoolNorthview
FIPS Code18035
FeaturesBasement, Off Street Parking, Near Walking Trail, Ceiling-9+, Countertops-Laminate, Eat-In Kitchen, Foyer Entry, Porch Open, Water Heater Electric, Other-See Remarks
Full Baths3
Half Baths
HeatingGas, Forced Air
High SchoolCentral
Legal DescriptionALAMEDA PLACE SUB 1 0.0000Acres STR: 092010 IN: 17 OUT:
LocationCity/Town/Suburb
Middle SchoolNorthside
Net Income25346
New ConstructionNo
OwnerPaysBuilding Insurance, Lawn Maintenance, Maintenance, Tax
PROPOSED FINANCINGCash, Conventional
ParkingLot
Pet Restrictions Y/NYes
REONo
Rent Income29100
School DistrictMuncie Community Schools
SewerCity
StatusActive
StatusActive
Status Detail0
Stories Count1
StyleOne Story
SubdivisionAlameda Place
Tax Year2026
Tenant PaysElectric, Fuel, Sewer, Trash Collection, Water
Total Sq Ft2569
TownshipCenter
TypeOther
Virtual TourClick here
Water Access TypeNone
Year Built1920

Exterior for 704 N Alameda Drive

Approx. Lot Size Acres0.14
DrivewayNone
ExteriorVinyl
FenceNone
Lot DescriptionIrregular, 0-2.9999
Lot Dimensions50x125
Lot Size Area6098
Number of Parking Spaces4
OutbuildingNone
PoolNo
ROOF MATERIALAsphalt
Road AccessCity
Road SurfaceAsphalt
Water FeaturesNone
WaterfrontNone
Waterfront Y/NNo

Additional Details

Price History

Schools

Middle School Northside Middle School
Elementary School Northview Elementary School
High School Central High School

Ryan Orr

Broker / Auctioneer
Price $219,900
MLS#202643202
List Date 10/19/2026
Property Type Multi-Family
Phone (765) 744-9500
Get pre-approved
Request Tour
Request Info
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