$1,500,000

509 N Washington St Bloomington, IN 47408

Old Northeast Neighborhood

Estimated payment $9,111/month

Total Views 8,704
6 Beds
6 Baths
2,627 Sq Ft
$571 Price per Sq Ft

Highlights

  • Victorian Architecture
  • Forced Air Heating and Cooling System
  • Wood Siding
  • University Elementary School Rated A
  • Level Lot
  • 5-minute walk to Bloomington Parks & Recreation

About This Home

509 N Washington is a fully leased 6 bed, 6 bath property located in one of Bloomington’s most desirable student rental areas, just steps from IU campus and Kirkwood Avenue. Currently generating $8,100/month from August 2025 to July 2026, rent increases to $8,910/month for the following lease term August 2026-July 2027. With off-street parking, a prime location, and high demand from large student groups, the property is already preleased two years in advance. This is a rare investment opportunity offering strong returns and long-term stability in the heart of IU student housing.

Listing Agent

Jeff Brawley

Brawley Real Estate Brokerage Phone: 812-336-6888 Listed on: 08/04/2025

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $14,748

Year Built

  • Built in 1925

Lot Details

  • 8,712 Sq Ft Lot
  • Lot Dimensions are 62x143
  • Level Lot

Home Design

  • Victorian Architecture
  • Wood Siding

Interior Spaces

  • 2,627 Sq Ft Home
  • 2.5-Story Property

Bedrooms and Bathrooms

  • 6 Bedrooms

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

Community Details

  • Northeast Bloomington City Subdivision

Listing and Financial Details

  • Assessor Parcel Number 53-05-33-306-044.000-005

Home Details

Home Type

Single Family

Est. Annual Taxes

$14,748

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Property Sub Type: Site-Built Home
  • Year Built: 1925
  • Style: Two and Half Story
  • Architectural Style: Victorian
  • Bedrooms: 6
  • Total Bathrooms: 6
  • Total Full Bathrooms: 6
  • Legal Description: BOLLMAN PLACE LOT 14
  • Parcel Number ID: 53-05-33-306-044.000-005
  • Platted: Yes
  • Special Features: None
  • Stories: 2

Interior Features

  • Total Sq Ft: 2627
  • Total Finished Sq Ft: 2627
  • Above Grade Finished Sq Ft: 2627
  • Basement: Yes
  • Basement Foundation: Crawl, Partial Basement
  • Basement Material: Block
  • Bedroom 1: Dimensions: 11x10, On Level: Main
  • Bedroom 2: Dimensions: 11x10, On Level: Main
  • Bedroom 3: Dimensions: 15x12, On Level: Upper
  • Bedroom 4: Dimensions: 12x14, On Level: Upper
  • Bedroom 5: Dimensions: 12x15, On Level: Upper
  • Number of Main Level Full Bathrooms: 3

Exterior Features

  • Exterior: Wood
  • Outbuilding1: None

Utilities

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

Schools

  • Elementary School: University

Lot Info

  • Lot Description: Level
  • Lot Dimensions: 62X143
  • Estimated Lot Sq Ft: 8712
  • Estimated Lot Size Acres: 0.2
  • Lot Number: 14

Tax Info

  • Annual Taxes: 14748

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 $13,773 $671,300 $150,900 $520,400
2023 $6,704 $632,000 $145,100 $486,900
2022 $11,795 $581,300 $145,100 $436,200
2021 $5,916 $284,800 $70,900 $213,900
2020 $5,990 $290,300 $64,500 $225,800
2019 $6,054 $287,900 $64,500 $223,400
2018 $6,017 $285,500 $64,500 $221,000
2017 $5,983 $283,300 $64,500 $218,800
2016 $5,539 $266,500 $64,500 $202,000
2014 $5,481 $262,800 $64,500 $198,300
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/04/2025 08/04/25 For Sale $1,500,000 -- $571 / Sq Ft
Source: Indiana Regional MLS

Purchase History

Date Type Sale Price Title Company
Quit Claim Deed -- None Available
Warranty Deed -- None Available
Warranty Deed -- None Available
Warranty Deed -- None Available
Interfamily Deed Transfer -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $133,600 Stand Alone Second
Source: Public Records

Source: Indiana Regional MLS

MLS Number: 202530690

Indiana Regional MLS

APN: 53-05-33-306-044.000-005

Indiana Monroe County Bloomington 47408 Old Northeast

509 N Washington St, Bloomington, IN

For Sale

Detached

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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Jeff Brawley
Listing Agent
Jeff Brawley
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Brawley Real Estate
(812) 458-5723