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$275,000
3 Beds 2 Baths 202624325 MLS
FANTASTIC DOWNTOWN LOCATION with an income producing opportunity! The main house is a 3 Bed, 1 Ba charmer, as well as a 'grandfathered' ADU 2 Bed, 1 Ba cottage all on a large city lot. The property is just minutes from Switchyard Park and the B-Line Trail that leads to downtown one direction and leads to the South side the other direction. It also its near a city bus stop. Both dwellings are approved for 3 unrelated adults by HAND. The main house faces Madison and includes parking in the back, as well as additional alley access on the north and west sides of the property. The main house features hardwood floors, a large eat-in kitchen, range, refrigerator, washer, dryer, central air, and a large shady yard. The 600 SF grandfathered cottage is tucked away behind the main house, with off street parking, a covered front porch, open living room and kitchen, 2 nice sized bedrooms and a large full bath. This home comes with a refrigerator, range, and window a/c unit. It rents for $1250 per month, tenant pays utilities. The address of the cottage is 1416 1/2 S Madison.

1416 S Madison St, Bloomington

$255,000
4 Beds 2 Baths 202504182 MLS
Looking for a fantastic investment property or a great place for students to call home? This charming duplex offers two spacious units, each with 2 bedrooms and 1 full bath, making it a perfect setup for comfortable living. The main-level unit boasts a large great room, a formal dining room, and an updated kitchen with a dishwasher, refrigerator, and oven/range. Plus, a dedicated laundry room adds extra convenience! Step outside to enjoy a welcoming front porch—ideal for relaxing with friends—and a fully fenced backyard with a shared one-car garage for extra storage or parking. The upstairs unit features an oversized eat-in kitchen, a laundry room, and a spacious layout, making it a great spot for students or professionals. Need extra storage? The full unfinished basement has plenty of room for bikes, gear, and more. The roof was new and was re-shingled in 2021 and has a lifetime warranty. With easy access to the bus stop, shopping, restaurants, and Indiana University, this property is a prime opportunity for rental income or multi-generational living. Whether you're an investor or looking for a place to call home while renting out the other unit.

1427 S Washington St, Bloomington

$650,000
4 Beds 4 Baths 202409773 MLS
Superior condition apartment building, The Elmer on Hillside (named after original owner, Elmer Smallwood). This 4 unit building was completely rebuilt from the ground up in 2012, including the original front facade restored. From new foundation to the solar panels on the roof and everything in between, you'll love this ultra low maintenance investment opportunity (no grass to mow!). Each unit has the same layout (see floorplan in photos) and higher end finishes. One bedroom, one bath, washer/dryer in unit and plenty of closet space. The units are heated with two mini split systems each. Each unit has its own secure storage space in the walkout basement. Landlord pays water/sewer/trash (Approximately $1500/year) and internet ($2062/year). Sprinkler/fire alarm system is managed by Koorsen ($1200/year). Electric for the basement heat/AC/electric is covered by the solar panels. Each tenant pays their own electric. The owner is in the process of updating rents to $1200/month. Leases for 2024-2025 have been signed for Apartments 3 and 4 ($1150 and $1200). Active leasing is underway for Apartments 1 and 2. Owner manages property. Walk through video available on YouTube.

406 E Hillside Dr, Bloomington

$150,000
2 Beds 1 Baths 202325389 MLS
This single-story property offers an appealing layout with 2 bedrooms and 1 bathroom, making it an ideal choice for investors wanting to benefit from this highly desired Bloomington location. Close to downtown, shopping, trails, restaurants and Indiana University. Rental income and future appreciation are all part of your investment here, thanks to its prime location and the high demand for housing in the area. Look around and you will see how owners have been investing their money to continually improve the area. Investors can benefit from the steady stream of tenants looking for housing options near the campus and downtown Bloomington. Don't miss out on the opportunity to own this single-story, 2-bedroom, 1-bathroom property on the near west side of downtown. Owner is selling AS-IS.

930 W 6th St, Bloomington

$360,000
4 Beds 2 Baths 202339682 MLS
Permitted for 5 unrelated adults making it a great investment opportunity for long term rentals but also for an AirBnB investor. 5 person occupancies are no longer issued so this is a real boon. The LOCATION is superb! So close to both Bryan Park & Switchyard Park & the trails that connect them all while they lead right into downtown Bloomington, giving you the full flavor of a Bloomington just minutes in any direction. A short commute to downtown & IU campus. About the house - a well preserved & nicely updated Foursquare offering the charm of Old World Craftsman Architecture. Updates have been made while the historic character found in this nearly 100 yr old home was kept top of mind. The home features a complete exterior refresh including paint, new roofing, soffits, fascia, gutters, & landscaping. The covered front porch is welcoming and spacious, providing ample space to watch the world go by. Interior updates are many a include: fresh paint throughout, polished up hardwood floors, opening up of fireplace, & a refresh of the kitchen & baths. Additional updates include: new electric meter & recently updated electrical panel & wiring; recent mechanical system updates including HVAC, water heater & some updates to the plumbing. Offering hard to find off-street parking as well as free, non-permit on street parking on both sides of Washington. Other nice features include laundry facilities, a full basement, a decent little yard, and it's filled with natural light. A lease for Aug 2024 - July 2025 for $3,200 per month has been signed.

1428 S Washington St, Bloomington

$1,485,000
10 Beds 10 Baths 202622920 MLS
Brand new duplex investment opportunity ideally located one street from the IU campus. You can't get any closer to campus. This thoughtfully designed property offers a total of 4,358 square feet with two spacious units, each featuring 5 bedrooms and 5 full bathrooms. Built with quality finishes throughout, both units include luxury vinyl plank flooring, custom shaker-style cabinetry, quartz countertops, and a full stainless steel appliance package including refrigerator, electric range, microwave, dishwasher, plus washer and dryer. The exterior features durable LP siding and a covered front porch that adds curb appeal and functional outdoor space. Each unit includes two private rear parking space, with additional street parking available. Fully leased through July 31, 2027, this property offers immediate and stable rental income. Subject to tenant rights. Full rent roll and financials available upon request.

302 N Jefferson St, Bloomington

$240,000
4 Beds 2 Baths 202345266 MLS
Brick & Stone Duplex with 2023 dated Occupancy Permits for 5 people per unit, next cycle inspection due 2/21/2028, see attached Permit. Partially-paved entrance to driveway & paved rear parking, there is also parking off street in front of steps. 4 to 6 parking spaces + parking in long paved side driveway. Close proximity to IU Campus, IU Hospital, University Elementary, and College Mall area shopping and dining. Total Bedrooms: 4, Total Full Baths: 2. Each unit has off street parking. Enter & Exit driveway slowly & cautiously. Appointment only-24 hour notice, tenant occupied. Subject to tenants' rights. No Shows on Mondays & Wednesdays. 801 Lease expires May/2024, 803 is month-to-month & now has only 1 tenant.

801 & 803 N Smith Rd, Bloomington

$547,000
7 Beds 4 Baths 202616403 MLS
Located on one of Bloomington’s most desirable high-traffic corridors, this well-positioned triplex at 315 W. 17th St. offers strong rental appeal just steps from Indiana University’s athletic facilities. Within walking distance to Memorial Stadium and Assembly Hall, this property is perfectly suited for student and game-day demand. Each unit is equipped with Hookups ready for a Washer and Dryers, providing added convenience and increased tenant retention. The property also includes dedicated parking, a major advantage in this high-demand area. Tenants are responsible for electric and gas utilities, helping keep operating costs manageable for ownership. With its unbeatable location, strong unit mix, and desirable amenities, this triplex presents an excellent opportunity for investors seeking consistent income in the heart of Bloomington.

315 W 17th St, Bloomington

$4,000,000
13 Beds 18 Baths 202626061 MLS
Excellent opportunity to purchase a 6 unit building in the heart of Bloomington’s downtown and IU campus. The Gables was originally built as 6 individual condominium units but has been rented to date as student apartment rentals. With the high demand for downtown condo living, this is an investor’s dream. All 6 units are rented for the 26-27 school year, so buyer can take the next 12 months to plan renovations for high-end condominiums sales while earning income. Each 2-story townhouse has generously sized rooms, with a dedicated bath for each bedroom, an additional half bath on the main floor for guests, loads of storage, and 3 parking spots in the garage. With high end finishes, comparable (but hard to find) condominium units are running in the $600/SF price range in downtown Bloomington. Please allow 48 hours for all showing requests to allow for tenant notice.

314 N Washington St, Bloomington

$184,900
3 Beds 1 Baths 202319530 MLS
AVAILABLE TO MOVE IN AUGUST 12. AVOID HIGH RENTS AND BE WITHIN BLOCKS OF CAMPUS. Straight drive into IU Sample Gates and Kirkwood dining or take the bus that runs on Kirkwood. Welcome to this charming ranch-style home located just blocks away from downtown and IU! Desirable rental property for investors and will also make a great residence for owner-occupied. With 3 bedrooms and 1 bathroom, this home provides ample space for comfortable living. As you step onto the property, you'll immediately notice the inviting covered porch, perfect for relaxing and enjoying the surrounding neighborhood. The large kitchen is a standout feature, with white cabinets that provide ample storage space for all your culinary needs. Hard surface flooring adds a touch of modern elegance and ensures easy maintenance. Conveniently located just blocks from downtown, walking trail and IU, this home offers the best of both worlds. You'll have easy access to a vibrant city and university atmosphere with an array of shops, restaurants, and entertainment options. Across the street from the Rose Hill Farm Stop cafe and fresh vegetable market. Being sold AS-IS. Tenant turning over possession August 11. Transferable termite treatment warranty available.

903 W Kirkwood Ave, Bloomington

$115,100
3 Beds 2 Baths 202611753 MLS
Located at 1310 S Walnut ST, Bloomington, IN, this duplex in Monroe County presents a remarkable opportunity for those with vision. This property is a great option for investors and handy homeowners. Imagine evenings spent in the living room, a space defined by the warm embrace of a fireplace and the character of a wood wall, creating a focal point that invites relaxation and conversation. The kitchen features shaker cabinets, offering a blend of classic design and practical storage. The property includes a porch, offering an outdoor retreat for enjoying the neighborhood ambiance. With 1404 square feet of living area situated on a 2614 square foot lot, this 1925 build holds potential. This duplex is a canvas awaiting your personal touch, offering a rewarding venture.

1310 S Walnut St, Bloomington

$3,995,000
40 Beds 40 Baths 202511570 MLS
Welcome to Hilltop Village, a charming 40-unit apartment complex nestled on 2.66 acres in an attractive location! This exceptional property comprises nine separate ranch-style buildings, providing 39 one-bedroom units, all remodeled within the past two years, offering modern comforts and style. The remaining unit has two separate entrances and serves as an office on one side, while the other side has been transformed into a common area laundry facility for the tenant's convenience. The office has the potential to be easily converted into an efficiency unit, further expanding the income-generating possibilities for the new owner. In an area with high rental demand, this complex offers a serene and convenient housing option that has proven itself when it comes to attracting renters. Seven of nine roofs have been replaced, breaker boxes upgraded along with telecom wiring, all units have been renovated similarly in finishes and all are similar in layout (open concept)/size.

1201 W Allen St, Bloomington

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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.