# 1420 S Shipley Street, Muncie, IN 47302

> **TL;DR:** 3bd/1ba townhouse, $35,000 ($33/sqft), built 1920, 1,056 sqft.
> Hardwood. Est. $187/mo. Listed 98 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $35,000 |
| Price/sqft | $33 |
| Bedrooms | 3 |
| Bathrooms | 1 full |
| Square Feet | 1,056 |
| Year Built | 1920 |
| Lot Size | 5,227 sqft (0.12 acres) |
| Property Type | Townhouse (Single Family Attached) |
| Status | Pending |
| Days on Market | 98 |

## Why This Home Stands Out

- **Hardwood Floors** - Hardwood flooring listed

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Principal & Interest (20% down, 30-year at 6.5%) | $177 |
| Estimated Insurance | $10 |
| **Total** | **$187** |

## Nearby Schools

- **Elementary:** East Washington Academy
- **Middle:** Northside
- **High:** Central

## Key Amenities

- Hardwood

## Property Highlights

- Built in 1920
- 0.12 acre lot

## Description

### Agent 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!

## Location

- **Address:** 1420 S Shipley Street, Muncie, IN 47302
- **County:** Delaware County
- **Coordinates:** 40.182083, -85.366273
- **Google Maps:** https://www.google.com/maps?q=40.182083,-85.366273

## Virtual Tour & Media

- **Video Tour:** https://www.propertypanorama.com/instaview/irmls/202630225

## Listing Agent

- **Name:** Brian Heaney
- **Brokerage:** Dietel Realty Group, LLC
- **Broker Phone:** 3178868440

## Photos

![1420 S Shipley Street - Photo 1](http://lh.rdcpix.com/4285a5da4ef8df3db999de387c9f3a4cl-f638242738r.jpg)

![1420 S Shipley Street - Photo 2](http://lh.rdcpix.com/4285a5da4ef8df3db999de387c9f3a4cl-f4210603278r.jpg)

![1420 S Shipley Street - Photo 3](http://lh.rdcpix.com/4285a5da4ef8df3db999de387c9f3a4cl-f829521808r.jpg)

![1420 S Shipley Street - Photo 4](http://lh.rdcpix.com/4285a5da4ef8df3db999de387c9f3a4cl-f563634104r.jpg)

![1420 S Shipley Street - Photo 5](http://lh.rdcpix.com/4285a5da4ef8df3db999de387c9f3a4cl-f3155622392r.jpg)

![1420 S Shipley Street - Photo 6](http://lh.rdcpix.com/4285a5da4ef8df3db999de387c9f3a4cl-f954700523r.jpg)

![1420 S Shipley Street - Photo 7](http://lh.rdcpix.com/4285a5da4ef8df3db999de387c9f3a4cl-f1735746530r.jpg)

![1420 S Shipley Street - Photo 8](http://lh.rdcpix.com/4285a5da4ef8df3db999de387c9f3a4cl-f1955197707r.jpg)

![1420 S Shipley Street - Photo 9](http://lh.rdcpix.com/4285a5da4ef8df3db999de387c9f3a4cl-f3674401864r.jpg)

![1420 S Shipley Street - Photo 10](http://lh.rdcpix.com/4285a5da4ef8df3db999de387c9f3a4cl-f1744149048r.jpg)

![1420 S Shipley Street - Photo 11](http://lh.rdcpix.com/4285a5da4ef8df3db999de387c9f3a4cl-f2363805762r.jpg)

![1420 S Shipley Street - Photo 12](http://lh.rdcpix.com/4285a5da4ef8df3db999de387c9f3a4cl-f4276964011r.jpg)

![1420 S Shipley Street - Photo 13](http://lh.rdcpix.com/4285a5da4ef8df3db999de387c9f3a4cl-f1607403022r.jpg)

![1420 S Shipley Street - Photo 14](http://lh.rdcpix.com/4285a5da4ef8df3db999de387c9f3a4cl-f3955334506r.jpg)

![1420 S Shipley Street - Photo 15](http://lh.rdcpix.com/4285a5da4ef8df3db999de387c9f3a4cl-f1157047081r.jpg)

![1420 S Shipley Street - Photo 16](http://lh.rdcpix.com/4285a5da4ef8df3db999de387c9f3a4cl-f3453687408r.jpg)

![1420 S Shipley Street - Photo 17](http://lh.rdcpix.com/4285a5da4ef8df3db999de387c9f3a4cl-f59558486r.jpg)

![1420 S Shipley Street - Photo 18](http://lh.rdcpix.com/4285a5da4ef8df3db999de387c9f3a4cl-f2732453540r.jpg)

![1420 S Shipley Street - Photo 19](http://lh.rdcpix.com/4285a5da4ef8df3db999de387c9f3a4cl-f1388279282r.jpg)

![1420 S Shipley Street - Photo 20](http://lh.rdcpix.com/4285a5da4ef8df3db999de387c9f3a4cl-f2162796500r.jpg)

![1420 S Shipley Street - Photo 21](http://lh.rdcpix.com/4285a5da4ef8df3db999de387c9f3a4cl-f3475999360r.jpg)

![1420 S Shipley Street - Photo 22](http://lh.rdcpix.com/4285a5da4ef8df3db999de387c9f3a4cl-f3677354344r.jpg)

![1420 S Shipley Street - Photo 23](http://lh.rdcpix.com/4285a5da4ef8df3db999de387c9f3a4cl-f693860755r.jpg)

![1420 S Shipley Street - Photo 24](http://lh.rdcpix.com/4285a5da4ef8df3db999de387c9f3a4cl-f2161957578r.jpg)

![1420 S Shipley Street - Photo 25](http://lh.rdcpix.com/4285a5da4ef8df3db999de387c9f3a4cl-f2044968791r.jpg)

---

**MLS#:** 202630225 | **Updated:** 2026-10-28
**Source:** listhub

*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.*

[View on PropertySimple](https://www.propertysimple.ai/listing/1420-s-shipley-street-muncie-in-47302-710cf9ad003e451fa5a0930209797fda)

---

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