Listed with Laura Stevens, The Indiana Team LLC, Offc: 812-961-8000

Price $435,000
Status Active
Beds 5
Baths 3 Baths
Home size 1,676 sqft
Lot Size 8,712 sqft
Days on Market 13
This well-maintained triplex sits in the heart of Bloomington's vibrant McDoel Gardens neighborhood"”just steps from Switchyard Park, the B-Line Trail, Hopscotch Coffee, Cardinal Spirits, and Southern Stone Restaurant. This property has a HAND rental permit - 3 unrelated tenants PER UNIT! Located on the city bus line, the property offers both exceptional convenience and strong tenant appeal. Each of the three units features dedicated climate control with Mini Split HVAC systems in every bedroom and living area. Tenants or guests enjoy a fully fenced backyard and two off-street parking spaces per unit. A new roof and gutters were installed in April 2025, and most furnishings are included with the sale (list available upon request). Most recently used as a highly profitable Airbnb, the property offers multiple options: continue short-term rentals, switch to long-term tenants, or live in one unit while renting the others. Income potential is especially strong during IU events like football weekends and graduation. The unfinished 1,345 sq. ft. basement provides generous storage or possible expansion into a fourth unit with the addition of a fire escape. Whether you're an investor looking for strong returns or a homeowner wanting to offset your mortgage with rental income this property is a great opportunity in one of Bloomington's most vibrant and walkable neighborhoods.
Property Type(s): Multi Family
Last Updated 6/4/2025 Tract McDoel Gardens
Year Built 1920 County Monroe

SCHOOLS

School District Monroe County Community School C
Elementary School Templeton
Jr. High School Batchelor
High School Bloomington South

Additional Details

BASEMENT Full, Yes
CONSTRUCTION Aluminum Siding
HEAT Baseboard
LOT 8712 sq ft
LOT DESCRIPTION Corner Lot
LOT DIMENSIONS 147' x 60'
PARKING Off Street, Gravel
SEWER Public Sewer
STORIES 1
STYLE 1 Level
SUBDIVISION McDoel Gardens
WATER Public
Listed with Laura Stevens, The Indiana Team LLC, Offc: 812-961-8000
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Indiana Regional MLS®. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.
Copyright© 2025 IRMLS. All rights reserved.
Last Updated On: 6/16/25 2:18 PM PDT
Walk Score provided by walkscore.com

This IDX solution is (c) Diverse Solutions 2025.

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