The other 2 had balances in the $13k-$25k range.

I did a quick google search for cap rates on apts in Muncie and I got a range of 8.13% to 9.50%.

For this project, that would mean targeting land in the $1.5 million range.

I found a new build I like and in my price range while visiting Charlotte this weekend.

Versus other areas are more in the 50k to 80k range. 

Doing a quick search, I see a bunch of duplexes in and around Austin available in the price range you are talking about, if that's where you are from and want to live in the future.

Whereas the cap rate on active listings are 5, 6 range.

I bought from a primary homeowner in Indianapolis metro area who took really good care of this home (I did live in this house and rented it out when I moved back to California) and from a flipper in Indy more recently.As far as primary homeowners, they can range from taking really good care of the house to someone who has a lot of deferred maintenance - I renovated a local property that had a lot of issues.  

At that time bitcoin was still in the $200-$500 range, and he had over a $1M in bitcoins on them.

You're talking about the west side of Akron, which is a solid rental area and can range from C- to B; but most houses were built long before 2000 - typically in the post war boom 1940s-60s.