About This Home

This 2-bedroom, 1-bathroom residential multi family at 313 W 5th Street in Muncie, IN is listed for $139,900 ($138 per sqft). Built in 1900, the home offers 1,014 sqft of living space on a 0.78 acres lot.

Key Features

  • Built in 1900
  • 0.78 acre lot
  • 10 parking spaces

Property Details

1 full
10 spaces
1900

Amenities

A/C
Listing Description

Opportunity to own a working piece of Muncie history: machine shop, rental home, pole barn, fenced, and income potential all in one property. Operating since the early 1900s, this property was home to Kemp Machine Shop and later BK Machine Shop, serving generations of local industry.

The machine shop remains operational today, offering an opportunity for an owner-user, investor, or entrepreneur seeking established industrial space with a proven legacy. The property includes the commercial building, an additional pole barn for storage or expansion, and a separate 2-bedroom, 1-bath rental home with an unfinished attic, providing additional income potential.

The fenced property offers ample parking and outdoor space. Conveniently located near downtown Muncie, this unique property presents an exceptional live-work opportunity, allowing owners to operate a business while generating rental income from the residential dwelling. Whether you're looking to continue its industrial heritage or reimagine the space for a new venture, the possibilities are endless.

Monthly Cost Estimate

$748/mo

20% down · 6.5% · 30 years

Principal$101
Interest$606
Insurance$41

Estimates only. Actual payments may vary.

Location

313 W 5th Street

Muncie, IN 47302

Property Details

Flooring

Mixed

Parking

Off Street

Cooling

Central AirMulti Units

Questions & Answers

This 2-bedroom, 1-bathroom residential multi family at 313 W 5th Street is listed at $139,900 ($138/sqft). The estimated monthly payment is $748 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1900, 0.78 acre lot, 10 parking spaces.

This property is listed by Lisa Buckner.

LB

Lisa Buckner

Agent at RE/MAX Real Estate Groups

Listed by RE/MAX Real Estate Groups · Broker phone: (765) 288-0400 · Broker website

MLS# 202623603· Source: Mid-Eastern Indiana Association of Realtor MLS· 151 days on PropertySimple

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

313 W 5th Street, Muncie, IN 47302

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