Listed with Andy Walker, RE/MAX Acclaimed Properties, Cell: 812-325-1290

Price $659,900
Status Active
Beds 4
Baths 6 Baths
Home size 3,326 sqft
Lot Size 9,727 sqft
Days on Market 24
Located in an Opportunity Zone with potential for significant tax advantages, this 6-unit apartment building offers exceptional investment potential in an A+ location just steps from Bloomington's thriving downtown and Indiana University. Zoned High Density Multi-Family, the property presents exciting redevelopment possibilities, with current occupancy allowances of up to 5 people per unit creating the potential for a very dense future project (buyer to verify redevelopment options). The property also performs well in its current configuration, with solid rental history and total monthly rents of $4,650. A spacious 2-car garage provides additional storage or potential added utility. Whether you're looking for an income-producing asset now or a prime redevelopment opportunity for the future, this is a rare chance to invest in one of Bloomington's most desirable locations. Property is being sold "AS IS".
Property Type(s): Multi Family
Last Updated 5/13/2026 Tract Southeast Bloomington City
Year Built 1920 County Monroe

SCHOOLS

School District Monroe County Community School C
Elementary School Rogers/Binford
Jr. High School Jackson Creek
High School Bloomington South

Additional Details

AIR Central Air, Multi Units, Window Unit(s)
AIR CONDITIONING Yes
APPLIANCES Dryer, Range, Refrigerator, Washer
BASEMENT Partial, Yes
CONSTRUCTION Aluminum Siding, Vinyl Siding
HEAT Forced Air, Natural Gas
LOT 9727 sq ft
LOT DESCRIPTION Irregular Lot
LOT DIMENSIONS Irregular
SEWER Public Sewer
STORIES 2
STYLE Two Story
SUBDIVISION Southeast Bloomington City
TAXES 13843
WATER Public
Listed with Andy Walker, RE/MAX Acclaimed Properties, Cell: 812-325-1290
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© 2026 IRMLS. All rights reserved.
Last Updated On: 6/6/26 2:43 PM PDT
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This IDX solution is (c) Diverse Solutions 2026.

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