$1,099,000
$151K PRICE DROP

425 N Walnut St Bloomington, IN 47404

Old Northeast Neighborhood

Estimated payment $7,762/month

Total Views 33,021
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

4,356 Sq Ft Lot

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2025 $22,361 $1,062,800 $112,300 $950,500
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
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 -- $346 / Sq Ft
Source: Indiana Regional MLS

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Loan Amount Loan Type
Closed $667,500 Unknown
Closed $1,875,000 Commercial
Closed $645,590 Future Advance Clause Open End Mortgage
Closed $360,000 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

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Indiana Regional MLS Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or 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 IDX listings have been excluded from this website. 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.
Based on information submitted to the MLS GRID

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