Excellent opportunity to purchase a 6 unit building in the heart of Bloomington’s downtown and IU campus. The Gables was originally built as 6 individual condominium units but has been rented to date as student apartment rentals. With the high demand for downtown condo living, this is an investor’s dream. All 6 units are rented for the 26-27 school year, so buyer can take the next 12 months to plan renovations for high-end condominiums sales while earning income. Each 2-story townhouse has generously sized rooms, with a dedicated bath for each bedroom, an additional half bath on the main floor for guests, loads of storage, and 3 parking spots in the garage. With high end finishes, comparable (but hard to find) condominium units are running in the $600/SF price range in downtown Bloomington. Please allow 48 hours for all showing requests to allow for tenant notice.
New construction duplex completed in 2026. The building contains two two-story units and offers a total of 2,398 finished square feet. Each unit features 3 bedrooms, 3 full bathrooms, and 1,199 finished square feet. The property includes three parking spaces located behind the building, available on a first-come, first-served basis for tenants of both units, with additional non-permitted street parking right in front. Located a few blocks from Indiana University Bloomington and IU Memorial Stadium, the property is fully leased for the 2026-2027 school year. Unit 1118 is leased for $2,000 per month, and Unit 1120 is leased for $2,550 per month, for a total monthly rental income of $4,550. Built to last with 2x6 construction, full spray foam insulation, commercial grade LVP flooring, modern shaker cabinetry, and quartz countertops. Lease information and additional property details are available upon request. Tax assessment has not been published since completed construction so taxes are estimated.
Student housing investment opportunity on North Jefferson Street, just steps from Indiana University. This brand-new construction 10-bed duplex is pre-leased for the upcoming school year, providing immediate rental income from day one. Purpose-built for student living, the property features spacious bedrooms with private en-suite bathrooms, large open-concept living areas, modern kitchens, luxury vinyl plank flooring, and in-unit laundry. Large balconies create the perfect outdoor space for students to gather, relax, and enjoy campus life. If you have the appetite for a larger opportunity, additional identical buildings are available next door, up to a total of 60 beds if desired. The layouts and scale make it ideal for leasing to large student groups, a highly desirable segment of the Indiana University housing market. With strong rental demand, quality construction, off-street parking, and a premier campus location, this is a great turnkey investment opportunity.
Here's your chance to own a 1920's 5 bedroom, 3 bath investment property in the heart of Bloomington's Bryan Park/Elm Heights neighborhood. This classic craftsman home has the iconic front porch, leading you into a wide open living space with original windows, woodwork, and floors. Updated kitchen and full bathroom along with addition of laundry room in the last 2 years. Currently rented at $4750/month for 25-26 school year and $5,000/month for 26-27. Elusive 5 person HAND permit on file as well good until 5-28-28. This would be a great property to begin or add to your portfolio given its proximity to campus, the B-line Trail and downtown. Off street parking on the side of the house and a big, beautiful back yard make this one a must see.
Check out this prime rental property in the Green Acres neighborhood. Currently rented at $2,000/month and rented at $2,095/month for the 26-27 school year. Simple layout with 3 bedrooms, 1 full baths and large living room. Separate room with washer/dryer and large yard. HAND permit for 3 occupants good until 10/4/27. This house provides steady, growing income that would be a great addition to any investment portfolio. Schedule your showings today!
Cute bungalow with hardwood floors and large eat-in kitchen. Separately deeded Vacant lot behind this home is also included making is a 1 acre lot. Great for a large garden, play area, or even another house. Great investment property. Home is rented until 7/22/27. Property could also be sold as a package with 1024 country club next door for a total of 1.69 acres.
3 fully rented units plus an extra lot. This unique property has 3 rental units and multiple garages plus a separately deeded vacant lot. Tons of potential or keep it the way it is with instant income. There is a 2-bedroom 1 bath home at 1022A Country Club with a car port which is leased for $950 per month until July 22, 2027. There is also a 2-bedroom 1 bath upstairs apartment leased for $1250 per month until July 24, 2027. This was recently remodeled with new paint and flooring and updated dishwasher. Below this apartment is a large 4 car garage that is shared between this tenant and the tenant in the home. There is also a 4-bedroom 2 bath home with a long-term tenant (20+ years) that is on a month-to-month lease. This unit is very under rented for $1050 per month. Based on the current layout, there is room to turn this unit into a duplex with the addition of a second kitchen. In addition, there is a small storage shed and a large 1 car garage/ shed with loft area. All siting on .44 acres. Then the vacant lot is another .33 acres for a total of .75 acres all zoned R2. Property being sold as-is. Would make a great investment property or could be demolished and something new built in its place. The home next door at 1016 Country Club also has a separately deeded vacant lot and is for sale for $210,000. Sellers would prefer to sell as a package or to sell this portion first.
Looking for an excellent 3 bedroom 2 bath investment property just blocks away from Indiana University campus that has been meticulously taken care of? This home has a large living room with picture windows, a remodeled kitchen, separate dining room with the washer and dryer behind the louver doors, an en-suite bedroom with private bath, and a third bedroom with built in cabinetry. The spacious deck overlooking the back yard offers a nice place to entertain. The front of the home has a driveway and also additional streetside parking area.
FANTASTIC DOWNTOWN LOCATION with an income producing opportunity! The main house is a 3 Bed, 1 Ba charmer, as well as a 'grandfathered' ADU 2 Bed, 1 Ba cottage all on a large city lot. The property is just minutes from Switchyard Park and the B-Line Trail that leads to downtown one direction and leads to the South side the other direction. It also its near a city bus stop. Both dwellings are approved for 3 unrelated adults by HAND. The main house faces Madison and includes parking in the back, as well as additional alley access on the north and west sides of the property. The main house features hardwood floors, a large eat-in kitchen, range, refrigerator, washer, dryer, central air, and a large shady yard. The 600 SF grandfathered cottage is tucked away behind the main house, with off street parking, a covered front porch, open living room and kitchen, 2 nice sized bedrooms and a large full bath. This home comes with a refrigerator, range, and window a/c unit. It rents for $1250 per month, tenant pays utilities. The address of the cottage is 1416 1/2 S Madison.
Incredible investment opportunity just a short walk from Switchyard Park and the B-Line Trail! Located on Bloomington's desirable south side, this well-maintained duplex has great rental history. Each side offers 2 bedrooms, 1 full bath, a spacious living room and eat-in kitchen. The washer/dryer units are conveniently located within the second bedrooms. Off-street parking is situated off of the back alley and easily accommodates 4-5 vehicles. Each unit has a back and front door. And, there is a fenced yard on the north side of the home. Residents enjoy easy access to outdoor recreation with the nearby park and trails. This property is also near shopping, dining and schools. Current total rent and fees: $2,150 per month. Total will be increasing to $2,215 per month effective August 13, 2026. Rent rates have been held below market value for long-term tenants. Zoned Residential Multifamily (RM).
Investment Opportunity close to downtown and campus. Own a 1/3-acre double lot just moments from downtown Bloomington and minutes from campus. 920 N Madison St and 317 W 14th St are being sold together. Whether you want to utilize the existing structures for rental income or start fresh with a new development project, the potential here is unmatched. 920 N Madison features a main-level bedroom, kitchen and full bathroom, and the upstairs loft features an additional 960 square feet and an additional bedroom and full bathroom. Property has onsite parking and storage shed. Neither property is currently rented. Zoned R4. Duplex is a permitted use. Tri-multi-/apartment, opportunities are conditionally approved in this zone and would need to appear before the BZA.
Investment Opportunity close to downtown and campus. Own a 1/3-acre double lot just moments from downtown Bloomington and minutes from campus. 920 N Madison St and 317 W 14th St are being sold together. Whether you want to utilize the existing structures for rental income or start fresh with a new development project, the potential here is unmatched. 920 N Madison features a main-level bedroom, kitchen and full bathroom, and the upstairs loft features an additional 960 square feet and an additional bedroom and full bathroom. Property has onsite parking and storage shed. Neither property is currently rented. Zoned R4. Duplex is a permitted use. Tri-multi-/apartment, opportunities are conditionally approved in this zone and would need to appear before the BZA.
Brand new duplex investment opportunity ideally located one street from the IU campus. You can't get any closer to campus. This thoughtfully designed property offers a total of 4,358 square feet with two spacious units, each featuring 5 bedrooms and 5 full bathrooms. Built with quality finishes throughout, both units include luxury vinyl plank flooring, custom shaker-style cabinetry, quartz countertops, and a full stainless steel appliance package including refrigerator, electric range, microwave, dishwasher, plus washer and dryer. The exterior features durable LP siding and a covered front porch that adds curb appeal and functional outdoor space. Each unit includes two private rear parking space, with additional street parking available. Fully leased through July 31, 2027, this property offers immediate and stable rental income. Subject to tenant rights. Full rent roll and financials available upon request.
Great location, just minutes from IU's Kelly School of Business, dining, shopping, and nightlife. Located on N. Smith Road between E. 10th & E. 3rd Streets, this building offers quick access to loads of amenities! The property is State of the Art including a total of 21 units - 17 flats and 4 loft floor plans. The units all come furnished, have Modern finishes, large picture windows with inviting views, laminate & carpet flooring, stackable w/d in each unit, and a security system. Perfect for professors, grad students, undergrads or anyone that loves quiet, luxury living. On site parking for all residents is FREE! Water, Sewer, Trash, and Internet are included in monthly rent, tenants are responsible for electric. P&L statement will be provided to QUALIFIED Buyers only upon request. All units are fully leased! Floor plans are attached.
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.
This property has a great rental history! Great investment opportunity with high net income located on the south side of Bloomington, convenient to shopping, I-69, and downtown! Both units currently rent for $1,675 per month. 3429 is leased until 7/26/27, and 3431 is leased until 12/20/2026. The tenants pay all utilities. Each main level has a living room, a fully equipped kitchen with a pantry and the laundry closet, a dining room, and a full bath. The upper level of each has 3 bedrooms (2 with walk-in closets), and a full bath with a tub/shower combination. There is a one-car attached garage and a spacious back deck for each, plus a nice-sized yard. These units have been very well-maintained. Recent improvements for 3429 include a new furnace (2026), and Luxury Vinyl Plank flooring has replaced the carpeting seen in the pictures. The current management company takes care of the lawn. Don't miss this great opportunity! Live in one side and lease the other, or lease both for a great return on investment!
This property has a great rental history! Great investment opportunity with high net income located on the south side of Bloomington, convenient to shopping, I-69, and downtown! Both units currently rent for $1,675 per month. 3429 is leased until 7/26/27, and 3431 is month-to-month. The tenants pay all utilities. Each main level has a living room, a fully equipped kitchen with a pantry and the laundry closet, a dining room, and a full bath. The upper level of each has 3 bedrooms (2 with walk-in closets), and a full bath with a tub/shower combination. There is a one-car attached garage and a spacious back deck for each, plus a nice-sized yard. These units have been very well-maintained. Recent improvements for 3429 include a new furnace (2026), and Luxury Vinyl Plank flooring has replaced the carpeting seen in the pictures. The current management company takes care of the lawn. Don't miss this great opportunity! Live in one side and lease the other, or lease both for a great return on investment!
Here is a rare opportunity to purchase a duplex in a sought-after neighborhood on Bloomington's Eastside, near to the IU Health hospital, Indiana University, IU sporting events, shopping, and restaurants. There is a HAND (Housing And Neighborhood Development) rental occupancy permit for six total occupants; the permit is good through July 10, 2029. Each side of the duplex features a spacious one bedroom floorplan of nearly 700 square feet per unit, with kitchen, living room, dining area, bedroom, bath, and storage. Unit 4501 has an attached one car garage. Many options are available for a new buyer/investor: Rent out one side and live in the other, Airbnb both units, or rent out both sides to long-term tenants. New roof and gutters were installed in 2025 and new garage door. The property is currently managed by Action Property Management. Action P.M. takes care of mowing and trimming. Tenants pay all utilities and handle their own snow removal. Unit 4503 is on a month-to-month lease beginning June 1, 2026 and would consider renewing. NOTES: Washer, dryer, and microwave for each unit are excluded; they belong to the tenants. A minimum of 24 hours' notice is required for showings as the duplex has tenants in both sides.
11 Unit Apt complex, located close to campus of IU. $144,900 annual income for 26/27 school year. 40% expense ratio is $57,960. $86,940 NOI. 8 2BR, 2BA, 2 1 BR, 1 BA and 1 Studio, 1 BA. Parking located in back of building. Walking distance to downtown and to stadium. Built in 2013. Every unit has all appliances including W/D. Tenants pay internet and electric, owner pays water/sewer, trash and maintenance. Great investment in the heart of Btown campus area!
1.69 acres with a total of 4 rental units and 4 separate deeds. Deed one is a 1 bedroom, 1 bath home located at 1016 Country Club leased for $895 per month until July 22, 2027. This home has an unfinished basement and sits on .42 acres. Deed two is a 1/2 acre vacant lot zoned R2. Deed 3 is a .33 acre vacant lot also zoned R2. Deed 4 is the balance of the property with .44 acres and 3 rental units. There is a 2 bedroom 1 bath at 1022A Country Club with a car port which is leased for $950 per month until July 22, 2027. There is also a 2 bedroom 1 bath upstairs apartment leased for $1250 per month until July 24, 2027. This was recently remodeled with new paint and flooring and updated dishwasher. Below this apartment is a large 4 car garage that is shared between this tenant and the tenant in the home. There is also a 4 bedroom 2 bath home with a long term tenant that is on a month to month lease. This unit is very under rented for $1035 per month. In addition there is a small storage shed and a large 1 car garage/ shed with loft area. Property being sold as-is. Would make a great investment property or could be demolished and something new built in its place. Property is also listed separately but owners would prefer to sell as a package or sell 1024 first.
Welcome to this well maintained investment property, featuring 3-bedrooms, 2-bathrooms, and offering 1,075 square feet of comfortable living space in one of Bloomington’s most convenient locations. Another recent update includes a new exterior of the entire building in 2024. Step inside to a bright and functional layout with three spacious bedrooms, two full bathrooms, and an open living and dining area perfect for relaxing or entertaining. The kitchen features ample cabinetry and counter space, ready for your personal touch. Enjoy unbeatable access to local amenities—just 5 minutes to Indiana University’s campus, steps from the College Mall, and only a short drive to downtown Bloomington’s vibrant shops, restaurants, and nightlife. Public transportation, parks, and grocery stores are all nearby, making everyday living a breeze. This condo is a rare find for anyone seeking convenience, space, and location all in one package. Don’t miss your chance to own a piece ofBloomington!
5 Bd, 2 ba home w/rental permit for 5 on Bloomington's near West side of the downtown. This home is being sold “as is”. Currently rented for $1400/month, this property can work well for an owner occupant or an investor. Lots of parking in back of the structure. Ultra-convenient to downtown Bloomington, Indiana University, and Downtown and West side restaurants, services, and shopping. Great chance to build equity! Property is being sold AS IS
Excellent investment opportunity in a prime southside location just minutes from Indiana University. This Arts & Crafts style duplex features townhome-style units with 3 bedrooms and 2 baths per side, offering a highly desirable rental layout on a quiet cul-de-sac. Ideal as an investment property or for an owner-occupant looking to live in one side while building equity with rental income from the other. Conveniently located near Bloomington Parks & Trails, Winslow Sports Complex, the YMCA, downtown Bloomington, eastside shopping, and I-69. One of two adjacent duplexes available (MLS 202607560), presenting a rare opportunity to acquire side-by-side investment properties.
Excellent investment opportunity in a prime southside location just minutes from Indiana University. This Arts & Crafts style duplex features townhome-style units with 3 bedrooms and 2 baths per side, offering a highly desirable rental layout on a quiet cul-de-sac. Ideal as an investment property or for an owner-occupant looking to live in one side while building equity with rental income from the other. Conveniently located near Bloomington Parks & Trails, Winslow Sports Complex, the YMCA, downtown Bloomington, eastside shopping, and I-69. One of two adjacent duplexes available (MLS 202607561), presenting a rare opportunity to acquire side-by-side investment properties.
Excellent investment opportunity! Duplex!!! 2 blocks to campus!!! 4 bedrooms total with 4 total occupancy permit (1 - three bedroom with 3 occupancy permit and 1 - studio with 1 occupancy permit). Zero vacancy rental history. New roof, furnace and air conditioner April 2026.
Albert Wright Page, License RB14038157, Xome Inc., License RC51300094, [email protected], 844-400-XOME (9663), 4471 North Billman Estates, Shelbyville, IN 46176
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Bloomington is located in Indiana. Bloomington, Indiana has a population of 80,064. Bloomington is less family-centric than the surrounding county with 23.5% of the households containing married families with children. The county average for households married with children is 27.2%.
The median household income in Bloomington, Indiana is $41,995. The median household income for the surrounding county is $54,096 compared to the national median of $69,021. The median age of people living in Bloomington is 24 years.
The average high temperature in July is 84.7 degrees, with an average low temperature in January of 20.4 degrees. The average rainfall is approximately 47.7 inches per year, with 17.2 inches of snow per year.
