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509 N Washington St, Bloomington, IN 47408-3453

$1,475,000
6
BD
6
BA
2,627
SqFt
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Sold Price
$1,475,000
List Price
$1,500,000
Closing Date
Sep 04, 2026
MLS#
202530690
Property Type
Residential
Levels
Two and One Half
Bedrooms
6
Bathrooms
6
Sqft. of Residence
2,627
Year Built
1925
Status
CLOSED
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(812) 327-3865

Property Description

509 N Washington is a fully leased 6 bed, 6 bath property located in one of Bloomington’s most desirable student rental areas, just steps from IU campus and Kirkwood Avenue. Currently generating $8,100/month from August 2025 to July 2026, rent increases to $8,910/month for the following lease term August 2026-July 2027. With off-street parking, a prime location, and high demand from large student groups, the property is already preleased two years in advance. This is a rare investment opportunity offering strong returns and long-term stability in the heart of IU student housing.

(812) 327-3865
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Additional Information

Style
Victorian
Basement
Crawl Space, Partial
Foundation
Block
Acres
0.20
Cooling
Central Air
Water
City
Region
Monroe County
School District
Monroe County Community School Corp.
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Listing courtesy of Jeff Brawley from Brawley Real Estate. Office: 844-254-7368

Selling Office: NonMember BL.

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Listings courtesy of Indiana Regional MLS as distributed by MLS GRID.