Center Homes under $200,000

Our website features the best real estate search for homes, condos, land and foreclosure properties available in Center and surrounding areas. It is the only site you will ever need! It is easy-to-use and updated by the official Realtor®’s database every 15 minutes.

You can save searches, and get daily email alerts of new listings, price changes, sold data, and market reports. Our Interactive Map Search allows you to view properties on a map or refine your search by drawing the boundaries around the area you desire.

Curious about what’s happening in your neighborhood? You can create a custom market report to see what’s active, under contract, and sold in your neighborhood!

Considering selling or refinancing your home? Get an INSTANT property valuation now!

Newest Center Homes under $200,000

$70,000

3 Beds ⋅ 1 Baths ⋅ 202641055 MLS ⋅ 1,104 SqFt. ⋅ Ryan Orr

ONLINE AUCTION with NO BUYER'S PREMIUM! Location is everything, and this home puts you just minutes from Ball State University. Bidding closes Monday, October 19, 2026, at 6:00 PM, with a $70,000 reserve. Contact the listing agents for bidding access, full terms, and tour appointments. Homes this close to Ball State are always in demand. This classic 1924 Craftsman bungalow sits on a walkable north-central Muncie street near campus, shopping, dining, and everyday conveniences, making it a strong candidate for a rental, a renovation, or an owner-occupant who wants to be close to the university. The home offers 3 bedrooms, 1 full bath, and 1,104 sq ft on one level, along with a 740 sq ft unfinished basement and a detached 18x22 garage on a 42x125 lot. The covered front porch gives the home true bungalow curb appeal. Inside, you'll find separate living and dining rooms with good natural light, an eat-in kitchen with a breakfast bar, hardwood floors in two bedrooms, and original wide trim. The bath has been updated with a newer vanity and a tub/shower with tile surround. Mechanicals include a gas hot water heating system and a gas water heater, with public water and sewer. The home needs updating and cosmetic work throughout, so bring your vision and build equity in one of Muncie's most convenient locations. A 3D virtual tour and floor plan are available. The property sells AS-IS, WHERE-IS, with no contingencies for financing, appraisal, or inspection, so bidders must complete any inspections before bidding. Cash buyers must provide proof of funds before bidding, and financed buyers must provide a lender pre-approval. The winning bidder pays a 10% non-refundable deposit within 24 hours of seller acceptance. Closing is on or before 11/20/26, and the seller provides an owner's title policy. The owners of record are Edwin L. Frazee Jr. and Marcia M. Frazee. Parcel #18-11-09-129-004.000-003. The legal description is Neely Addition, Section 9, Township 20N, Range 10E, Center Township, Delaware County, Indiana. Information is deemed reliable but not guaranteed. The auctioneers are Patrick L. Orr AU08801505 and Ryan P. Orr AU10900025.

1213 W Abbott St, Muncie

Listing courtesy of Ryan Orr from RE/MAX Real Estate Groups. Cell: 765-744-9500

$134,900

2 Beds ⋅ 1 Baths ⋅ 202641041 MLS ⋅ 884 SqFt. ⋅ Nicole Peel

Step inside this completely refreshed 2 bedroom/1 bath home with a nice sized open living/dining space. Home has all new laminate plank flooring, new paint, all new lighting and ceiling fans, a detached one car garage with a new roof, walk in door & garage door opener. A brand new gas forced air furnace and central air conditioning system was just installed by Brandt's Heating & Cooling and warranties on the system will transfer to a new owner. This cute little home also offers a covered back porch and a large fenced in backyard. This home would make a perfect starter home for someone or possibly a move in ready investment property.

1717 N Webster St, Kokomo

Listing courtesy of Nicole Peel from True Realty. Cell: 765-860-2204

$152,900

3 Beds ⋅ 2 Baths ⋅ 202641039 MLS ⋅ 1,100 SqFt. ⋅ Jennifer Newell

Welcome to a beautifully renovated, move-in-ready home where the big-ticket updates have already been taken care of! This 3-bedroom, 2-full-bath home has been updated from top to bottom, giving its next owner the peace of mind that comes with NEW major systems throughout. Enjoy a brand-new roof and gutters, furnace, central AC, water heater, plumbing and drains, plus new electrical wiring and panel. Inside, you’ll find a freshly renovated home complete with new stainless steel appliances and a Samsung dryer. Outside, a new gravel parking pad adds convenient parking. With so many of the expensive updates already completed, this is truly a low-maintenance, move-in-ready home you can simply unpack and enjoy.

1135 S Bell St, Kokomo

Listing courtesy of Jennifer Newell from JNR Lux Realty Group, LLC.

$199,900

2 Beds ⋅ 2 Baths ⋅ 202641026 MLS ⋅ 1,022 SqFt. ⋅ Nicholas Hindes

Step into instant equity! This house recently appraised for 230k and is available for the next buyer ready to finish the project off. Why such a great deal you ask? The current seller is an investor simply needing to move resources into a bigger project. Everything has been redone! New plumbing! New HVAC! New electrical! New drywall and flooring! New bathrooms, new kitchen, and new lighting! New roof! All new appliances as well! These kinds of opportunities don't come very often. Take advantage of this deal and move on this today. An easy win for new investors and an easy win for savvy owner occupied buyers.

701 Carlyle Pl, Indianapolis

Listing courtesy of Nicholas Hindes from Peter Khosla, Inc. Cell: 614-747-1625

$95,000

2 Beds ⋅ 1 Baths ⋅ 202640970 MLS ⋅ 884 SqFt. ⋅ Annette Caldwell

Many updates in this move-in ready home. Charming bungalow has newly refinished hardwood flooring which even runs into the kitchen! All the character and quality features but with updates for today. Light, bright living room is oversize and overlooks the newly built covered front porch (including a new foundation, flooring, railings and ceiling). The bath is all new. Kitchen has been refigured and updated. New lighting and paint throughout. New gas furnace and new gas water heater. Private back yard w/patio leads to the detached garage.

2309 S Mulberry St, Muncie

Listing courtesy of Annette Caldwell from RE/MAX Real Estate Groups. Cell: 765-748-5555

$159,900

3 Beds ⋅ 2 Baths ⋅ 202640958 MLS ⋅ 1,500 SqFt. ⋅ Rich Lee

Welcome to this inviting 3-bedroom, 1.5-bath ranch in Muncie! This well-maintained home offers comfortable one-level living with a functional layout and plenty of everyday conveniences. The kitchen features a distinctive wainscoted wall and includes a gas range, refrigerator and microwave. The spacious family room is highlighted by a gas-log fireplace, creating a warm and inviting gathering space. Three bedrooms offer comfortable living space with a mix of laminated hardwood, vinyl and carpet flooring throughout. Additional features include a heated attached 2-car garage, laundry room with washer and dryer, insulated entry and storm doors, and double-pane windows. The exterior combines classic Bedford stone with low-maintenance vinyl siding. With its convenient ranch-style layout and desirable amenities, this home is ready for its next owner to make it their own!

2401 W 11th St, Muncie

Listing courtesy of Rich Lee from NextHome Elite Real Estate. Cell: 765-744-9951

$184,900

2 Beds ⋅ 2 Baths ⋅ 202640955 MLS ⋅ 1,172 SqFt. ⋅ Amy Cunningham

Welcome home to this charming Brownstone-style condo tucked away in a much-desired area, offering the perfect combination of comfort, privacy, and low-maintenance living. Recent updates make this condo move-in ready, including new windows and front door in 2024, totally updated half bath, new flooring on the main level. Featuring 2 spacious bedrooms, 1 1/2 baths including a convenient walk-in shower, main level laundry. Step outside to your privacy-fenced patio, a wonderful spot to enjoy some outdoor space without the upkeep of a traditional yard. A garage provides both parking and additional storage. Residents enjoy access to the community's swimming pool and clubhouse, adding to the appeal of this low-maintenance lifestyle. A wonderful place to call home! All units are owner occupied; no rentals.

3408 Manhattan Blvd, Evansville

Listing courtesy of Amy Cunningham from F.C. TUCKER EMGE. Cell: 812-455-1555

$114,900

3 Beds ⋅ 1 Baths ⋅ 202640945 MLS ⋅ 1,616 SqFt. ⋅ Ryan Orr

Investment opportunity or a great project for a buyer looking to make a home their own! This 3-bedroom, 1-bathroom property offers plenty of potential with separate living and family rooms, plus a gas fireplace in the living room. The eat-in kitchen is complemented by a separate dining room, providing ample space for everyday living and entertaining. Recent updates include a newer gas water heater, approximately 2 years old. Outside, the generously sized lot is nearly half an acre and features a huge 2.5-car detached garage, offering excellent space for vehicles, a workshop, hobbies, or additional storage. The backyard also includes a covered patio, deck, and storage shed, creating plenty of options for outdoor enjoyment and functionality. Conveniently located near the Muncie Bypass, this property is ready for someone with a vision to bring it back to life. Whether you're an investor or a buyer looking for a fixer-upper, this property offers plenty of potential to make it your own!

104 N Bennett St, Muncie

Listing courtesy of Ryan Orr from RE/MAX Real Estate Groups. Cell: 765-744-9500

$39,900

2 Beds ⋅ 1 Baths ⋅ 202640917 MLS ⋅ 836 SqFt. ⋅ Heather Clemmons

Bring your vision to life in this 2-bedroom, 1-bath home! Featuring a basement, covered front porch, covered back deck, fenced-in front yard, and partially fenced backyard. The property also offers convenient concrete parking spaces in the rear. This home needs some TLC and is ready for someone to add their own design touches and make it their own. Don’t miss the opportunity to create something special!

2024 S Jefferson St, Muncie

Listing courtesy of Heather Clemmons from Starr Real Estate LLC.

$69,900

3 Beds ⋅ 1 Baths ⋅ 202640874 MLS ⋅ 1,344 SqFt. ⋅ Rich Lee

Discover a unique opportunity at 1424 W 15th St in southwest Muncie. This 1344 square foot single family residence, built in 1860, offers a distinctive investment opportunity. This home had been a steady rental for the past 7 years and includes two bedrooms and a full bathroom on the main level with a loft and a third bedroom upstairs. Gas forced air furnace. Immediate possession. Investor is selling As-Is, no exceptions.

1424 W 15th St, Muncie

Listing courtesy of Rich Lee from NextHome Elite Real Estate. Cell: 765-744-9951

$145,900

4 Beds ⋅ 2 Baths ⋅ 202640866 MLS ⋅ 2,100 SqFt. ⋅ Janet Barnett

Charming four bedroom, 1.5 bath home featuring a brand new metal roof. It is situated on a corner lot and has an enclosed front porch. Master bedroom has 2 separate closets. Beautiful natural woodwork throughout. Basement has a sump pump along with a dehumidifier.

822 W 5th St, Marion

Listing courtesy of Janet Barnett from RE/MAX Realty One. Main: 765-454-7300

$105,000

2 Beds ⋅ 3 Baths ⋅ 202640849 MLS ⋅ 2,850 SqFt. ⋅ Steve Slavin

Remarkably spacious top-floor condo offering 2,850 square feet of living space! Located in Building 2, this rare residence features two bedrooms, two-and-a-half baths, generously sized rooms, abundant natural light, and a large living area with a brick fireplace. The renovation process was started but never completed, giving the next owner an exceptional opportunity to redesign and finish the home according to their own style and vision. The building offers elevator service and enclosed basement garage parking—an especially welcome convenience during inclement weather. New appliances were purchased but never installed and will remain with the property, along with the newer washer and dryer. The $716 monthly HOA fee includes water, sewer, exterior maintenance, and other community services. Building 2 also has a $722 major-project assessment billed in January and again in July, plus a $200 annual capital assessment billed in September and due October 15. These reserves help the association prepare for major building expenses, including the elevator and other shared systems. Owners are responsible for their individual furnaces and interior components. Additional advantages include comprehensive exterior maintenance, potentially lower condominium-insurance costs compared with a traditional home, and the privacy and security of a guarded entrance staffed 24 hours a day. With extraordinary space, top-floor living, protected parking, immediate possession, and a virtual tour now available, this is a renovation opportunity unlike anything else in the local condominium market.

4501 N Wheeling 2-301 Ave, Muncie

Listing courtesy of Steve Slavin from Coldwell Banker Real Estate Group. Cell: 317-701-5006

Start Your Search

Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker of MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some listings have been excluded from this website.