Listed with Scott Owens, Owens Realty Group

Price $499,000
Status Active
Beds 5
Baths 3 Baths
Home size 2,351 sqft
Lot Size 8,712 sqft
Days on Market 254
Great investment for an owner-occupant with added income unit (or in-law unit), or fully rent both units (308 & 308.5 S Madison). Located in the heart of downtown Bloomington! Easy access to Indiana University, Kirkwood Ave, Bloomingfoods, Farmers' Market, B-Line trail, etc . Occupancy permit in-place for 7 total. The main house (308 S Madison) has 5 bedrooms and 2 full bathrooms. It boasts a lovely kitchen which has been remodeled, plus it features renovated bathrooms. The second unit (308.5 S Madison) has a new bathroom, refreshed kitchen and new heating and cooling systems. There is a laundry area for the apartment in the garage. Both units rent easily; inquire for rental information. Homestead tax exemption not currently filed; taxes would be lower with homestead exemption. Listing agent is owner.
Property Type(s): Multi Family
Last Updated 7/10/2025 Tract None
Year Built 1930 County Monroe

SCHOOLS

School District Monroe County Community School C
Elementary School Fairview
Jr. High School Tri-North
High School Bloomington North

Price History

Prior to Jul 10, '25 $519,000
Jul 10, '25 - Today $499,000

Additional Details

AIR Central Air
AIR CONDITIONING Yes
BASEMENT Unfinished, Yes
CONSTRUCTION Aluminum Siding, Stone
HEAT Forced Air
LOT 8712 sq ft
LOT DESCRIPTION Irregular Lot
LOT DIMENSIONS Rectangular
SEWER Public Sewer
STORIES 1
STYLE One and Half Story
SUBDIVISION None
TAXES 10332
UTILITIES Cable Available
WATER Public
Listed with Scott Owens, Owens Realty Group
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.
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Last Updated On: 3/6/26 11:20 PM PST
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