$1,395,000
$265K PRICE DROP

Estimated payment $8,141/month

Total Views 6,925
11 Beds
6 Baths
3,565 Sq Ft
$391 Price per Sq Ft

Highlights

  • 0.35 Acre Lot
  • Forced Air Heating and Cooling System
  • Level Lot
  • University Elementary School Rated A
  • Ceiling Fan
  • 5-minute walk to Bloomington Parks & Recreation

About This Home

Prime investment opportunity near IU Campus with a huge lot and plenty of off-street parking. This property includes 3 spacious units (2BR, 4BR, 5BR) for a total of 11 bedrooms, generating $10,625/month in rental income and room for growth. With its central location, strong tenant demand, and ample parking (a rare find this close to campus) this asset is a proven performer in Bloomington’s student housing market

Listing Agent

Jeff Brawley

Brawley Real Estate Brokerage Phone: 844-254-7368 Listed on: 09/23/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,249

Year Built

  • Built in 1925

Lot Details

  • 0.35 Acre Lot
  • Lot Dimensions are 98x156
  • Level Lot

Home Design

  • Triplex
  • Vinyl Construction Material

Interior Spaces

  • 3,565 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Fire and Smoke Detector

Bedrooms and Bathrooms

  • 11 Bedrooms
  • 6 Full Bathrooms

Basement

  • Block Basement Construction
  • Crawl Space

Parking

  • 10 Parking Spaces
  • Off-Street Parking

Schools

  • University Elementary School
  • Tri-North Middle School
  • Bloomington North High School

Utilities

  • Forced Air Heating and Cooling System

Listing and Financial Details

  • The owner pays for building insurance, lawn maintenance
  • Assessor Parcel Number 53-05-33-208-001.000-005

Community Details

Overview

  • 3 Units
  • Northeast Bloomington City Subdivision

Pet Policy

  • Pets Allowed with Restrictions

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,249

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Triplex
  • Year Built: 1925
  • Style: Two Story
  • Bedrooms: 11
  • Total Bathrooms: 6
  • Total Full Bathrooms: 6
  • Legal Description: REEDS PT LOT 5
  • Parcel Number ID: 53-05-33-208-001.000-005
  • Platted: Yes
  • Amenities: Ceiling Fan, Off Street Parking, Detector-Smoke
  • Special Features: None

Interior Features

  • Total Sq Ft: 3565
  • Total Finished Sq Ft: 3565
  • Above Grade Finished Sq Ft: 3565
  • Basement Foundation: Crawl
  • Basement Material: Block
  • Flooring: Mixed
  • Number Of Disposals: 3
  • Number Of Microwaves: 3
  • Number Of Ranges Ovens: 3

Exterior Features

  • Exterior: Vinyl
  • Stories: 2

Garage/Parking

  • Number Of Parking Spaces: 10

Utilities

  • Cooling: Central Air
  • Heating Fuel: Forced Air
  • Sewer: City
  • Water Utilities: City

Condo/Co-op/Association

  • Pet Restrictions: Yes

Schools

  • Elementary School: University

Lot Info

  • Lot Description: Level
  • Lot Dimensions: 98X156
  • Estimated Lot Sq Ft: 15246
  • Estimated Lot Size Acres: 0.35
  • Lot Number: 5

Rental Info

  • Lease Term: 1 Year
  • Owner Pays: Building Insurance, Lawn Maintenance
  • Tenant Pays: Electric, Fuel

Tax Info

  • Annual Property Tax: 10249

Multi Family

  • Number Of Dishwashers: 3
  • Number Of Dryers: 3
  • Number Of Refrigerators: 3
  • Number Of Units: 3
  • Number Of Washers: 3
  • Num Of2 Bedrooms: 1
  • Number Of 4 Bedrooms: 2

MLS Schools

  • High School: Bloomington North
  • Middle School: Tri-North
  • School District: Monroe County Community School Corp.

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $31,694 $995,300 $236,000 $759,300
2023 $10,249 $966,200 $236,000 $730,200
2022 $18,222 $898,100 $236,000 $662,100
2021 $14,752 $710,100 $115,400 $594,700
2020 $14,259 $691,000 $104,900 $586,100
2019 $14,540 $691,500 $104,900 $586,600
2018 $14,554 $690,600 $104,900 $585,700
2017 $14,624 $692,400 $104,900 $587,500
2016 $14,471 $696,300 $104,900 $591,400
2014 $12,308 $590,100 $94,000 $496,100
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/12/2025 12/12/25 Price Changed $1,395,000 -6.7% $391 / Sq Ft
11/21/2025 11/21/25 Price Changed $1,495,000 -3.5% $419 / Sq Ft
10/07/2025 10/07/25 Price Changed $1,550,000 -6.6% $435 / Sq Ft
09/23/2025 09/23/25 For Sale $1,660,000 +129.0% $466 / Sq Ft
04/30/2014 04/30/14 Sold $725,000 0.0% $203 / Sq Ft View Prior Sale
04/30/2014 04/30/14 Pending -- -- --
04/08/2014 04/08/14 For Sale $725,000 -- $203 / Sq Ft
Source: Indiana Regional MLS

Purchase History

Date Type Sale Price Title Company
Warranty Deed -- None Available
Warranty Deed -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $543,750 Future Advance Clause Open End Mortgage
Previous Owner $330,000 New Conventional
Source: Public Records

Source: Indiana Regional MLS

MLS Number: 202538539

Indiana Regional MLS

APN: 53-05-33-208-001.000-005