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 $5,000/month for the 26-27 school year. 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.
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.
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".
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.
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.
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.
Discover historic charm and peaceful nature at this prime east side location, just east of Indiana University and near the new IU Health Bloomington Hospital. This historical schoolhouse—the Poplar Grove School—offers over 4,300sqft of freshly painted space with new carpet, split between two levels, each featuring restrooms and a kitchenette. The layout comprises 10 office spaces, an open common area, storage, and a larger first-level open area with original hardwood floors and over 50 brand new windows, filling the building with natural light. This property sits on just over 1.05 acres with more than 25 parking spots. Zoned Limited Business (LB), this property meets the essential business needs and convenience of neighboring residents, supporting a variety of uses including daycare, office space, retail, studio/gallery space, massage therapy, music therapy, counseling, real estate, freelance work, law firms, insurance, among others. The building offers tremendous potential—bring your imagination to reconfigure, redevelop, or transform this beautiful space. The property has newly installed fiber internet through GigabitNow.
Full Moon Farm Mobile Home Park presents an outstanding, turnkey investment opportunity that combines strong in-place cash flow with compelling upside potential. This state-approved, well-established park currently generates over $140,000 in annual revenue from 10 mobile homes, 3 efficiency apartments, and on-site storage units, all supported by a solid rental history and well-maintained units. All roofs across the property have been replaced within the past year, significantly reducing near-term capital expenditures, and multiple interior updates have already been completed to further enhance tenant appeal and long-term durability. A key value-add advantage is the presence of existing sewer connections, allowing for additional units and future income growth without major infrastructure investment. Ideally positioned just minutes from Highway 37 and Westside’s thriving shopping and dining corridor, the property benefits from consistent tenant demand and market stability. With attractive current returns, minimal deferred maintenance, and clear expansion potential, Full Moon Farm Mobile Home Park represents a rare opportunity to acquire a high-performing asset with immediate income and scalable long-term upside.
Whether you are looking for a home, an investment, or house that can do both this property is a must see! Beautiful and unique 4 bed/2.5 bath home with secondary in-law suite upstairs with separate entrance that can be rented to offset your mortgage! Perfect opportunity to be an owner/occupant, and rent out the second floor on AirBNB or to a traveling nurse! The main floor features an open living room, dining room, and kitchen, three bedrooms, 1.5 bathrooms, and an office space/bonus room. The entire upstairs has its own entrance and contains a large living area, kitchenette, and cool retro mini fridge, a full bathroom, and spacious bedroom. Entire second floor could also be used as part of the main residence through a common doorway or locked off if desired. Unfinished basement recently renovated to fully encapsulated so 100% waterproof. $20k upgrade for encapsulation and comes with a 10 and 15 year warranty! Would be great for additional storage. Tons of opportunities with the layout! Great yard and lots of parking. Walking distance to B-Line Trail and Switchyard park. Close to shopping and restaurants too. Can lay out as a: 1 bed & 3 bed or as a 4 bed house. Currently has a 3 person occupancy permit. In conversations with HAND, it may be possible to get separate occupancy permit for upstairs unit, so you could have two separate rental units in one house.
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.
