About This Home

This 3-bedroom, 1-bathroom townhouse at 1420 S Shipley Street in Muncie, IN is listed for $35,000 ($33 per sqft). Built in 1920, the home offers 1,056 sqft of living space on a 0.12 acres lot.

Key Features

  • Built in 1920
  • 0.12 acre lot

Property Details

1 full
1920

Amenities

Hardwood
Listing Description

Attention investors! This 3-bedroom, 1-bath home offers immediate cash flow with a long-term Section 8 tenant who has been in place for 10 years, currently paying $1,377 per month. The property does need some TLC, making it a great opportunity to add value while generating steady rental income. Priced to sell, this is an excellent chance to expand your investment portfolio with an established tenant already in place. Don't miss this affordable income-producing property!

Monthly Cost Estimate

$187/mo

20% down · 6.5% · 30 years

Principal$25
Interest$152
Insurance$10

Estimates only. Actual payments may vary.

Location

1420 S Shipley Street

Muncie, IN 47302

Property Details

Flooring

Hardwood

Questions & Answers

This 3-bedroom, 1-bathroom townhouse at 1420 S Shipley Street is listed at $35,000 ($33/sqft). The estimated monthly payment is $187 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1920, 0.12 acre lot.

This property is listed by Brian Heaney and can be reached at 3179952372.

BH

Brian Heaney

Agent at Mark Dietel Realty, LLC

(317) 995-2372

Listed by Mark Dietel Realty, LLC

MLS# 202630225· Source: listhub· 1 day on market

Copyright © 2026 Indiana Uplands Realtor® Association. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

1420 S Shipley Street, Muncie, IN 47302

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