Investment opportunity with flexibility and upside potential! Located about 15 minutes from Memorial Stadium, this could be an excellent and profitable Airbnb location. This duplex, situated on two parcels totaling just over 0.4 acres, offers solid rental history and room to grow. Both units have long-term tenants (since 2019 and 2020) with current rents of $920 for the two-bedroom plus office and $850 for the one-bedroom—leaving space to bring rents to market rates in the future. The larger unit includes an office that could be enclosed to create a third bedroom plus access to half the basement. The other half of the basement (or even 2/3 of the basement) featuring egress windows—presents an opportunity for a third unit (check local regulations) or rentable storage space. Property has been professionally managed and well maintained, with tenants responsible for most utilities. Two-bedroom lease runs through June 2026; one-bedroom lease through April 2026. Two parcels included in sale. Ellettsville is in high demand for rentals as businesses continue to expand west and several large employers grow.
Ellettsville is located in Indiana. Ellettsville, Indiana has a population of 6,559. Ellettsville is more family-centric than the surrounding county with 35.7% of the households containing married families with children. The county average for households married with children is 27.2%.
The median household income in Ellettsville, Indiana is $68,188. 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 Ellettsville is 36 years.
The average high temperature in July is 84.8 degrees, with an average low temperature in January of 19.9 degrees. The average rainfall is approximately 47.7 inches per year, with 17.2 inches of snow per year.
