714 N Fairview St, Bloomington, IN 47404-3401

Property Description

Exceptional Investment Opportunity – Two Homes, One Lot! Measurements and room counts are for both homes. Rare opportunity to own two income-producing homes for the price of one! 614 W 12th Street and 714 N Fairview are adjacent properties situated on a single city lot at the corner of 12th and Fairview—just minutes from downtown Bloomington, Indiana University, and local shopping and dining. Each home carries a valid HAND occupancy permit allowing up to three unrelated adults (614 W 12th valid through March 2, 2026, and 714 N Fairview valid through June 21, 2026), offering strong rental potential. 614 W 12th Street: Two spacious bedrooms, one full bath, and an unfinished basement. Currently under-rented to long-term tenants at $550/month until July 1, 2026 leaving room for significant upside. 714 N Fairview: Three bedrooms, one full bath, and an unfinished basement. Currently rented for $915/month until June 26, 2026. With dependable tenants in place, solid rental potential, and potential for increased cash flow, this property represents an excellent opportunity for investors seeking steady income, future appreciation, or the flexibility to live in one home while renting the other.