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1600 W Adams St, Muncie, IN, 47303

2beds
1baths
936sqft
$109,900
$117price/sqft
$1,010/moest. monthly cost
$40,400/yrincome needed

About This Home

Close to BSU and IU. Fully updated with tenant secured through July 2026 at $1,100/month. It offers investors a turnkey, maintenance opportunity with immediate returns and long-term growth potential. Property highlights: new flooring, new light fixtures, fresh paint, new fascia, gutters on west side, new kitchen cabinets, updated electrical, new appliances, and updated bathroom. 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., 1602 W Adams St.

Getting Around

71
WalkingVery Walkable
0
TransitVery Limited Transit
72
BikeVery Bikeable

Schools

3/10
Muncie Central High SchoolGrades PK-121.1 mi
4/10
5/10
Northside Middle SchoolGrades 6-81.5 mi

Construction

Condition

  • Year built: 1905

Materials

  • Foundation: Basement
  • Construction materials: Shingle Siding

Type & Style

  • Home type: MultiFamily
  • Property subType: Multi Family

Interior

Basement

  • Has basement: Yes
  • Basement: Partial,Block

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 1
  • Full bathrooms: 1

Features

  • Flooring: Laminate
  • Finished area below ground: 0
  • Finished area above ground: 936

Heating & Cooling

  • Heating features: Natural Gas,Forced Air
  • Cooling features: None

Interior Area

  • Total structure area: 1,413
  • Total interior livable area: 936 sqft

Property

Details

  • Parcel number: 181116101012.000003

Features

  • Levels: One
  • Stories: 1

Lot

  • Lot size: 8,712 sqft
  • Features: Level
  • Lot size dimensions: 40x125

Parking

  • Total spaces: 3
  • Parking features: Off Street Parking

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
    Inland FloodingModerate
  • Lightning
    LightningModerate
  • Tornado
    TornadoModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Inland Flooding
Lightning
Tornado
Winter Weather

FEMA Declared Disasters Across Indiana Counties

Flood
Snowstorm

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

MonthlyAnnual
Mortgage $555$6,660
Home Insurance *$100$1,200
Property Taxes $171$2,052
Electricity $184$2,212
Total$1,010$12,120
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$34,628/yr
40% on housing$30,300/yr
45% on housing$26,933/yr

Indiana FAIR Plan Programs

Indiana Basic Property Insurance Underwriting Association

Covered
WildfireWildfire
Add-on available
HailHail
WindWind
Visit Website →
Current Policies
Residential: 810Commercial: 30
Total Premiums$1.77M
Total Exposure$1.82M

How 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.

Insurance Growth Rate5-year average: 8.6%
8.6%
0%30.0%
Electricity Growth Rate10-year average: 6.1%
6.1%
0%15.0%
Property Taxes Growth Rate2-year average: 1.1%
1.1%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$117This listing

vs Other Active Listings

Avg $/sqft

ZIP 47303$69
Delaware County$90

vs Homes Sold Last Month

Median $/sqft

ZIP 47303$121
Delaware County$105

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

DateEventPrice
2025-09-19Price change$114,900
2025-08-28Listed for sale$119,900
2025-07-12Listing removed$1,100
2025-07-10Listed for rent$1,100
2025-07-09Listing removed$1,100
2025-06-24Listed for rent$1,100
2021-03-24Listing removed--
2019-01-30Listing removed$560
2019-01-02Price change$560
2018-12-19Price change$600
2018-12-01Listed for rent$690

For Sale by Agent

AgentBJ Bowman
BrokerageHome 2 Home Realty Group

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