1602 W Adams St, Muncie, IN, 47303
About This Home
3 bedroom investment property located near BSU. Currently rented at $795 month with a long term tenant but this is below market rate. Leased until 6/2026. Instant cash flow! This property is part of a potential 5 property package with 1600 W Adams St., 216 S Dill St., 1623 N Janney Ave., 512 S Talley Ave.
Getting Around
Very Walkable
Very Limited Transit
Very BikeableSchools
Construction
Condition
- Year built: 1905
Materials
- Foundation: Basement
- Roof: Shingle
- Construction materials: Shingle Siding
Type & Style
- Home type: MultiFamily
- Architectural style: Traditional
- Property subType: Multi Family
Interior
Basement
- Has basement: Yes
- Basement: Partial,Block
Bedrooms & Bathrooms
- Bedrooms: 3
- Bathrooms: 1
- Full bathrooms: 1
Features
- Flooring: Carpet,Laminate
- Finished area below ground: 0
- Finished area above ground: 1,030
Heating & Cooling
- Heating features: Natural Gas,Forced Air
- Cooling features: None
Interior Area
- Total structure area: 1,844
- Total interior livable area: 1,030 sqft
Property
Details
- Parcel number: 181116101011.000003
Features
- Levels: One
- Stories: 1
- Fencing: None
Lot
- Lot size: 5,227 sqft
- Features: 0-2.9999,City/Town/Suburb
- Lot size dimensions: 40x125
Parking
- Total spaces: 4
- Parking features: Gravel
- Has uncovered spaces: Yes
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Inland Flooding
- Lightning
- Tornado
- Winter Weather
How This Home’s Risks Compare
FEMA Declared Disasters Across Indiana Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $530 | $6,360 |
| Home Insurance * | $95 | $1,140 |
| Property Taxes | $162 | $1,944 |
| Electricity | $184 | $2,212 |
| Total | $971 | $11,652 |
Income You'd Need if You Spent...
Indiana FAIR Plan Programs
Indiana Basic Property Insurance Underwriting Association
Wildfire
Hail
WindHow Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
No zestimate history available
Price History
| Date | Event | Price |
|---|---|---|
| 2025-09-19 | Price change | $104,900 |
| 2025-08-29 | Listed for sale | $109,900 |
| 2023-06-28 | Listing removed | -- |
| 2023-06-14 | Listed for rent | $750 |
| 2023-01-24 | Listing removed | -- |
| 2023-01-21 | Listed for rent | $750 |
View on Zillow