$287,500
$18K PRICE DROP

4501 E Stephens Dr Unit 4501 and 4503 Bloomington, IN 47408

Estimated payment $1,984/month

Total Views 3,297
2 Beds
2 Baths
1,352 Sq Ft
$213 Price per Sq Ft

Highlights

  • Corner Lot
  • 1 Car Attached Garage
  • Storm Doors
  • University Elementary School Rated A
  • Government Subsidized Program
  • Carpet

About This Home

1 bedroom/1 bath Duplex Apartment on each side with Tenants already in place. Has Occupancy Permits for 3 people per side. Inspection just renewed. Updates include: New Roof, New Gutters, New Shutters, Power Washed, Front Entry Doors painted (2025) 4501 has new HWH (2024) and New Furnace (2020), New Garage Door (2025), New insulation in Garage Closet/storage (2025). 4503 has a New Storm Door (2025) and Landscaping cleanup at both 4501/4503 (2025)

Listing Agent

Linda Quillen

Action Property Mgmt. & Realty Listed on: 07/17/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,579

Year Built

  • Built in 1962

Lot Details

  • 0.29 Acre Lot
  • Lot Dimensions are 90 x 140
  • Corner Lot

Home Design

  • Duplex
  • Slab Foundation
  • Shingle Roof
  • Vinyl Construction Material

Interior Spaces

  • 1,352 Sq Ft Home
  • 1-Story Property
  • Storm Doors
  • Washer Hookup

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Parking

  • 1 Car Attached Garage
  • Gravel Driveway
  • Unpaved Parking
  • Off-Street Parking

Schools

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

Utilities

  • Window Unit Cooling System
  • Heating System Mounted To A Wall or Window
  • Gas Water Heater
  • Cable TV Available

Additional Features

  • Suburban Location
  • Government Subsidized Program

Listing and Financial Details

  • The owner pays for building insurance, lawn maintenance, tax
  • Assessor Parcel Number 53-05-36-202-005.000-005

Community Details

Overview

  • 2 Units
  • Eastern Heights Subdivision

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Insurance Expense $759
  • Maintenance Expense $1,714

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,579

Year Built

Built in 1962

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Duplex
  • Year Built: 1962
  • Age: 63
  • Style: One Story
  • Bedrooms: 2
  • Number Above Grade Bedrooms: 2
  • Total Bathrooms: 2
  • Total Full Bathrooms: 2
  • Legal Description: 013-39290-00 Eastern Heights 2ND Lot 38
  • Parcel Number ID: 53-05-36-202-005.000-005
  • Platted: Yes
  • Amenities: Off Street Parking, Cable Available, Storm Doors, Water Heater Gas, Washer Hook-Up
  • Cross Street: Etter Drive
  • Inside City Limits: Yes
  • Location: City/Town/Suburb, Near College Campus
  • Annual Miscellaneous: 900
  • Government Subsidized: Yes
  • Monthly Gross Income: 1450
  • Year Taxes Payable: 2025
  • Special Features: None

Interior Features

  • Total Sq Ft: 1352
  • Total Finished Sq Ft: 1352
  • Above Grade Finished Sq Ft: 1352
  • Price Per Sq Ft: 212.65
  • Basement Foundation: Slab
  • Flooring: Carpet, Vinyl
  • Number Of Ranges Ovens: 2

Exterior Features

  • Exterior: Vinyl
  • Roof Material: Dimensional Shingles
  • Stories: 1

Garage/Parking

  • Driveway: Gravel
  • Number Of Parking Spaces: 2
  • Parking: Garage, Off Street, Unpaved

Utilities

  • Cooling: Window
  • Heating Fuel: Conventional, Wall Heater
  • Sewer: City
  • Water Utilities: City
  • Electric Company: Duke Energy Indiana
  • Gas Company: CenterPoint Energy
  • Water Company: Bloomington City Utility
  • Cable Company: Comcast/Xfinity, DirectTV, Dish Network, AT&T
  • Annual Insurance Expense: 759
  • Annual Maintenance Expense: 1714
  • Number Electric Meters: 2
  • Number Gas Meters: 2
  • Number Of W D Hookups: 2
  • Number Water Meters: 2

Schools

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

Lot Info

  • Lot Description: Corner
  • Lot Dimensions: 90 x 140
  • Estimated Lot Sq Ft: 12632
  • Estimated Lot Size Acres: 0.29

Rental Info

  • Lease Term: 1 Year
  • Owner Pays: Building Insurance, Lawn Maintenance, Tax
  • Tenant Pays: Cable, Cooling, Electric, Heating, Sewer, Snow Removal, Trash Collection, Water

Tax Info

  • Total Assessed Value: 271900
  • Annual Property Tax: 5578.56

Multi Family

  • Gross Monthly Rent: 1450
  • Number Of Refrigerators: 2
  • Number Of Units: 2
  • Num Of1 Bedrooms: 2
  • Num Of Units Rented: 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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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 $5,579 $271,900 $70,900 $201,000
2023 $2,753 $259,500 $68,200 $191,300
2022 $4,870 $240,000 $68,200 $171,800
2021 $3,552 $171,000 $43,600 $127,400
2020 $3,397 $164,600 $40,900 $123,700
2019 $3,076 $146,300 $35,700 $110,600
2018 $3,054 $144,900 $35,700 $109,200
2017 $2,826 $133,800 $27,300 $106,500
2016 $2,781 $133,800 $27,300 $106,500
2014 $2,622 $125,700 $27,300 $98,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/14/2025 09/14/25 Price Changed $287,500 -5.7% $213 / Sq Ft
07/17/2025 07/17/25 For Sale $305,000 -- $226 / Sq Ft
Source: Indiana Regional MLS

Source: Indiana Regional MLS

MLS Number: 202527914

Indiana Regional MLS

APN: 53-05-36-202-005.000-005

Indiana Monroe County Bloomington 47408

4501 E Stephens Dr Unit 4501 and 4503, Bloomington, IN

This home is located at 4501 E Stephens Dr Unit 4501 and 4503, Bloomington, IN 47408 and is currently priced at $287,500, approximately $212 per square foot. This property was built in 1962. 4501 E Stephens Dr Unit 4501 and 4503 is a home located in Monroe County with nearby schools including University Elementary School, Tri-North Middle School, and Bloomington High School North.

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 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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Listing Agent
Linda Quillen
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Action Property Mgmt. & Realty