$1,099,000
$151K PRICE DROP

425 N Walnut St Bloomington, IN 47404

Old Northeast Neighborhood

Estimated payment $7,630/month

Total Views 20,954
7 Beds
4 Baths
3,614 Sq Ft
$304 Price per Sq Ft

Highlights

  • Wood Flooring
  • Eat-In Kitchen
  • Level Lot
  • University Elementary School Rated A
  • Forced Air Heating and Cooling System
  • 4-minute walk to Bloomington Parks & Recreation

About This Home

This exceptional multi-unit property offers an ideal investment in the thriving Bloomington rental market. Located in a prime area near downtown and Indiana University, 425 N Walnut Street consists of 4 units, combining for a total of 7 bedrooms, 4 bathrooms, and a bonus commercial space. The property is fully leased through July 2026, providing stable cash flow with current rental income of $8,500 per month through July 2025, increasing to $8,900 per month for the following lease term (August 2025 - July 2026). With a strong rental demand driven by proximity to IU and Bloomington's downtown, this property is positioned to deliver long-term value appreciation and consistent returns. Investors will benefit from both the immediate rental income and future growth potential.

Listing Agent

Jeff Brawley

Brawley Real Estate Brokerage Phone: 844-254-7368 Listed on: 10/09/2024

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $21,907

Year Built

  • Built in 1969

Lot Details

  • 4,356 Sq Ft Lot
  • Level Lot

Home Design

  • Vinyl Construction Material

Interior Spaces

  • 2-Story Property
  • Wood Flooring
  • Fire and Smoke Detector
  • Eat-In Kitchen

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 4 Full Bathrooms

Partially Finished Basement

  • Block Basement Construction
  • Crawl Space

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, snow removal
  • Assessor Parcel Number 53-05-33-300-058.000-005

Community Details

Overview

  • 4 Units
  • Northeast Bloomington City Subdivision

Pet Policy

  • Pets Allowed with Restrictions

Building Details

  • Insurance Expense $2,675
  • Maintenance Expense $5,353

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$21,907

Year Built

Built in 1969

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Year Built: 1969
  • Style: Two Story
  • Bedrooms: 7
  • Total Bathrooms: 4
  • Total Full Bathrooms: 4
  • Legal Description: ORIGINAL PLAT PT OUTLOT35
  • Parcel Number ID: 53-05-33-300-058.000-005
  • Platted: Yes
  • Amenities: Detector-Smoke, Eat-In Kitchen
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Sq Ft: 4118
  • Total Finished Sq Ft: 3614
  • Above Grade Finished Sq Ft: 3614
  • Below Grade Sq Ft: 504
  • Basement: Yes
  • Basement Foundation: Crawl, Partial Basement
  • Basement Material: Block
  • Flooring: Wood
  • Total Below Grade Sq Ft: 504
  • Number Of Disposals: 3
  • Number Of Microwaves: 3
  • Number Of Ranges Ovens: 3

Exterior Features

  • Exterior: Vinyl
  • Stories: 2

Utilities

  • Cooling: Central Air
  • Heating Fuel: Forced Air
  • Sewer: City
  • Water Utilities: City
  • Annual Insurance Expense: 2675
  • Annual Maintenance Expense: 5352.98
  • Number Of W D Hookups: 1

Condo/Co-op/Association

  • Pet Restrictions: Yes

Schools

  • Elementary School: University

Lot Info

  • Lot Description: Level
  • Lot Dimensions: irregular
  • Estimated Lot Sq Ft: 4356
  • Estimated Lot Size Acres: 0.1

Rental Info

  • Lease Term: 1 Year
  • Owner Pays: Building Insurance, Lawn Maintenance, Snow Removal
  • Tenant Pays: Electric, Sewer, Water

Tax Info

  • Annual Property Tax: 21906.6

Multi Family

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

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 $22,050 $1,074,700 $112,300 $962,400
2023 $10,953 $1,032,600 $108,000 $924,600
2022 $19,247 $948,600 $108,000 $840,600
2021 $9,965 $479,700 $95,800 $383,900
2020 $10,103 $489,600 $95,800 $393,800
2019 $9,978 $471,600 $95,800 $375,800
2018 $10,008 $470,600 $95,800 $374,800
2017 $5,584 $262,900 $95,800 $167,100
2016 $5,464 $262,900 $95,800 $167,100
2014 $5,423 $260,000 $95,800 $164,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/21/2025 11/21/25 Price Changed $1,099,000 -2.3% $304 / Sq Ft
02/26/2025 02/26/25 Price Changed $1,125,000 -2.2% $311 / Sq Ft
12/04/2024 12/04/24 Price Changed $1,150,000 -8.0% $318 / Sq Ft
10/09/2024 10/09/24 For Sale $1,250,000 +40.4% $346 / Sq Ft
12/23/2019 12/23/19 Sold $890,000 0.0% $246 / Sq Ft View Prior Sale
12/22/2019 12/22/19 Pending -- -- --
12/21/2019 12/21/19 For Sale $890,000 +61.8% $246 / Sq Ft
06/14/2019 06/14/19 Sold $550,000 0.0% $152 / Sq Ft View Prior Sale
06/14/2019 06/14/19 Pending -- -- --
06/14/2019 06/14/19 For Sale $550,000 -- $152 / Sq Ft
Source: Indiana Regional MLS

Purchase History

Date Type Sale Price Title Company
Warranty Deed -- None Available
Deed -- None Available
Warranty Deed $550,000 Titleplus
Deed $500,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $667,500 Unknown
Open $1,875,000 Commercial
Previous Owner $645,590 Future Advance Clause Open End Mortgage
Source: Public Records

Source: Indiana Regional MLS

MLS Number: 202439246

Indiana Regional MLS

APN: 53-05-33-300-058.000-005

Indiana Monroe County Bloomington 47404 Old Northeast

425 N Walnut St, Bloomington, IN

For Sale

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Indiana Regional MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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Jeff Brawley
Listing Agent
Jeff Brawley
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Brawley Real Estate
(812) 415-2275