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1420 S Shipley Street
Muncie, IN 47302

New Listing
$35,000
Est. Mortgage: $221/mo Get Pre-Qualified
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New Listing
beds
3
bath
1
type
Single Family Home
sq.ft.
1,056
mls #
202630225
Single Family Home
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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!

Property Details

school district
Muncie Community
architecture
Traditional
taxes
$544.00
built
1920
MLS#
202630225

Interior Features

  • Electric oven
  • Forced air heat
  • Natural gas heat
  • Electric water heater
  • Window unit air conditioner
  • Wood floors
  • Hardwood floors
  • Unfinished basement

Exterior Features

  • Elementary school: East Washington Academy
  • Middle school: Northside
  • High school: Central
  • School district: Muncie Community Schools
  • Block exterior
  • Porch
  • Covered porch
  • Covered patio
  • Lot acreage is: 0.12
  • Lot dimension is: 60x87
  • Level lot
  • Lot sqft: 5227
  • Subdivision: None
  • Public sewer
  • Public water
  • Total square feet: 1056
  • Total above grade finished sq ft: 1056
  • Living square feet: 1056
  • For sale
  • Tax year: 2025

Room Dimensions

  • Laundry room
  • Bedroom 1 is 11 x 11
  • Bedroom 1 Level: Main
  • Bedroom 2 is 11 x 11
  • Bedroom 2 Level: Main
  • Bedroom 3 is 11 x 9
  • Bedroom 3 Level: Main
  • Kitchen is 12 x 11
  • Kitchen Level: Main
  • Living Room is 16 x 13
  • Living Room Level: Main
  • Laundry Room Level: Main
  • Number of rooms: 5
  • Baths on main floor: 1
  • Laundry room on main floor

Courtesy of:
Mark Dietel Realty, LLC
Brian Heaney
[email protected]

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By submitting this request, you agree to be contacted by Howard Hanna via call, email, and text for real estate, mortgage, insurance, and professional services but not as a condition of any purchase. To opt out, you can reply 'stop' at any time or reply 'help' for assistance. You can also click the unsubscribe link in the emails. Message and data rates may apply. Message frequency may vary. You will receive a text message asking you to authenticate your phone number. Message/data rates may apply. This consent applies even if you are on a corporate, state, or national Do Not Call list. You can also click the unsubscribe link in the emails. Message and data rates may apply. Message frequency may vary. You also agree with our Terms of Use and Privacy Policy regarding the information relating to you. Your phone number, if you choose mobile opt-in data, will not be shared with third parties for marketing purposes. You can also view our privacy policy here: Policy Link

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Call (855) 464-2662

855-GO-HANNA
We are standing by to assist you.
or

Want to make an offer? Select the button below!

Make an Offer
Select a preferred date & time
Have you been pre-approved for a mortgage?

On submitting this form, you'll receive a one-time text message with verification code to confirm the mobile phone number.

By submitting this request, you agree to be contacted by Howard Hanna via call, email, and text for real estate, mortgage, insurance, and professional services but not as a condition of any purchase. To opt out, you can reply 'stop' at any time or reply 'help' for assistance. You can also click the unsubscribe link in the emails. Message and data rates may apply. Message frequency may vary. You will receive a text message asking you to authenticate your phone number. Message/data rates may apply. This consent applies even if you are on a corporate, state, or national Do Not Call list. You can also click the unsubscribe link in the emails. Message and data rates may apply. Message frequency may vary. You also agree with our Terms of Use and Privacy Policy regarding the information relating to you. Your phone number, if you choose mobile opt-in data, will not be shared with third parties for marketing purposes. You can also view our privacy policy here: Policy Link

By submitting this request, you agree to be contacted by Howard Hanna via call, email, and text for real estate, mortgage, insurance, and professional services but not as a condition of any purchase. To opt out, you can reply 'stop' at any time or reply 'help' for assistance. You can also click the unsubscribe link in the emails. Message and data rates may apply. Message frequency may vary. You will receive a text message asking you to authenticate your phone number. Message/data rates may apply. This consent applies even if you are on a corporate, state, or national Do Not Call list. You can also click the unsubscribe link in the emails. Message and data rates may apply. Message frequency may vary. You also agree with our Terms of Use and Privacy Policy regarding the information relating to you. Your phone number, if you choose mobile opt-in data, will not be shared with third parties for marketing purposes. You can also view our privacy policy here: Policy Link

Mortgage Help

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Mortgage Payment

The approximate monthly principal & interest payment for this property would be $221.44.

This payment is based on a 30-year loan at a fixed rate of 6.750 % - APR 7.010 % with a down payment of $1,750. Actual lender interest rates and loan programs may vary. Loans with lower down payments are available.

Use our Mortgage Payment Calculator to determine a more exact payment estimate.

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1420 S Shipley Street, Muncie, IN 47302 is a 3 bedroom, 1 bath single family home offered for sale at $35,000.
All information deemed reliable but not guaranteed. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of IRMLS (last updated 7/28/2026). Real estate listings held by brokerage firms other than Howard Hanna Real Estate may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.