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".
Save
Ask
Tour
Hide
Share
Listing Snapshot
Price
$659,900
Days On Site
30 Days
Bedrooms
4
Inside Area (SqFt)
3,326 sqft
Total Baths
6
Full Baths
6
Partial Baths
N/A
Lot Size
0.2233 Acres
Year Built
1920
MLS® Number
202618079
Status
Active
Property Tax
$13,843
HOA/Condo/Coop Fees
N/A
Sq Ft Source
N/A
Days online/new listing status provided by Showcase IDX.
Friends & Family
React
Comment
Invite
No Comments Yet
Did you know? You can invite friends and family to your search. They can join your search, rate and discuss listings with you.
Recent Activity
4 weeks ago
Listing updated with changes from the MLS®
4 weeks ago
Listing first seen on site
Price history, status history, and update history provided by Showcase IDX.
General Features
Acres
0.2233
Foundation
Block
Lease Term
12 Months
Number Of Stories
2
Parking Spaces
6
Pets
Breed Restrictions
Property Sub Type
Multi Family
Sewer
Public Sewer
SqFt Above
3326
SqFt Total
3961
Style
Two Story
Water Source
Public
Zoning
RH - Residential High-Den
Interior Features
Appliances
DryerRangeRefrigeratorWasher
Basement
Partial
Cooling
Central AirWindow Unit(s)Multi Units
Flooring
CarpetLaminate
Heating
Forced AirNatural Gas
Laundry Features
Washer Hookup
Save
Ask
Tour
Hide
Share
Exterior Features
Construction Details
Aluminum SidingVinyl Siding
Lot Features
Irregular Lot
Patio And Porch
DeckCovered
Community Features
School District
Monroe County Community School C
Township
Perry
Schools
School District
Monroe County Community School C
Elementary School
Rogers/Binford
Middle School
Jackson Creek
High School
Bloomington South
Listing courtesy of RE/MAX Acclaimed Properties (812) 325-1290Andy Walker of RE/MAX Acclaimed Properties
IDX information is provided by the Indiana Regional MLS. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2026, Indiana Regional MLS.
Last checked: 2026-06-13 06:04 AM UTC
Neighborhood & Commute
Source: Walkscore
Disclosure: Community information and market data powered by Constellation Data Labs. Information is deemed reliable but not guaranteed.
Did you know? You can invite friends and family to your search. They can join your search, rate and discuss listings with you.