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    Furnished Apartment Building
    Updated: May 19
    Furnished Apartment Building

    604 N Smith Road, Bloomington, IN 47408

    $2,790,000
    18,863 sqft 0.75 AC lot
    Prime location near IU's Kelly School of Business, dining, shopping, and nightlife.
    Fully furnished units with modern finishes and large picture windows.
    All units are currently fully leased, offering immediate rental income.
    Free on‑site parking for all residents.
    Water, sewer, trash, and internet included in monthly rent.
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    This listing looks promising.

    Here's a quick look at some key insights for

    604 N Smith Road, Bloomington, IN 47408-2766

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    • Est. Cap Rate

      5.5%
      NOI ÷ price

    • Est. NOI

      $154K
      Annual

    • Price @ 7% Cap

      $2.2M
      Suggested

    • Property Type

      Apartments (Generic)
      Built 2016
    View Property Analytics
    Six-Unit Multifamily Building
    Updated: Jul 1
    Six-Unit Multifamily Building

    314 N Washington Street, Bloomington, IN 47404

    $4,000,000
    10,560 sqft 0.20 AC lot
    6‑unit building in downtown Bloomington near IU campus; originally built as 6 individual condominium units and rented as student apartment rentals
    All 6 units are rented for the 26–27 school year, providing income through the upcoming school year
    Each 2‑story townhouse includes a dedicated bath for each bedroom plus an additional half bath on the main floor for guests
    Central air cooling; laminate and carpet flooring throughout
    Off‑street parking with garage parking and 3 parking spots in the garage
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    Multifamily Apartment Building
    Multifamily Apartment Building

    703 N Walnut Street, Bloomington, IN 47404

    $2,250,000
    10,344 sqft 0.18 AC lot

    Well-kept 11-unit complex built in 2013 with in-unit appliances and shared back-of-building parking.

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    6-Unit Apartment Building with Garage
    6-Unit Apartment Building with Garage

    331 S Grant Street, Bloomington, IN 47401

    $659,900
    3,326 sqft 0.22 AC lot

    Six-unit multifamily property in an Opportunity Zone with high-density zoning and a 2-car garage, sold as-is.

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    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    Renovated Townhome Community Near IU
    Renovated Townhome Community Near IU

    1136 W 17th St, Bloomington, IN 47404

    $4,250,000

    20-unit townhome community near Indiana University with significant capital improvements.

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    Three Duplex Apartment Buildings
    Three Duplex Apartment Buildings

    100-106 S Yancy Lane, Bloomington, IN 47404

    $879,000
    1.07 AC lot

    Six total 3-bedroom, 1-bath units across three duplex buildings, with one-car carports and a mix of vacant and month-to-month tenancy.

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    Six-Unit Student Apartment Building
    Six-Unit Student Apartment Building

    314 N Washington Street, Bloomington, IN 47408

    $4,000,000
    0.20 AC lot

    Two-story townhouse-style units with dedicated baths and garage parking, currently leased through the 26–27 school year.

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    Bloomington Multifamily Investment Opportunity
    Bloomington Multifamily Investment Opportunity

    326 W Kenwood Dr, Bloomington, IN 47404

    $1,400,000

    12-unit property with prime location and strong rental income.

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    Downtown Mixed-Use Apartment Building
    Downtown Mixed-Use Apartment Building

    126 E 6Th Street, Bloomington, IN 47408

    $4,250,000
    16,619 sqft 0.14 AC lot

    19-unit mixed-use building near IU campus with $35,000 monthly market rent.

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    12-Unit Multifamily Apartment Building
    12-Unit Multifamily Apartment Building

    326 W Kenwood Drive, Bloomington, IN 47404

    $1,400,000
    7,511 sqft 0.21 AC lot

    Twelve-unit multifamily asset with on-site laundry and off-street parking, positioned for convenient access to Bloomington destinations.

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    Mixed-Use Building with Street Retail
    Mixed-Use Building with Street Retail

    217 Lincoln Street, Bloomington, IN 47408

    $2,975,000
    0.20 AC lot

    Fully leased mixed-use property combining apartments and street-facing retail in a high-activity Bloomington corridor.

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    Two Fully Leased Apartment Buildings
    Two Fully Leased Apartment Buildings

    1000 & 1002 E Atwater Avenue, Bloomington, IN 47401

    $2,600,000
    0.20 AC lot

    Two apartment buildings near Indiana University with off-street parking and leases in place through July 2026.

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    Based on your search, we've compiled 23 Potential Opportunities for your consideration. Besides 12 Active listings in Bloomington, IN, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 3 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    44-Unit Apartment Community
    44-Unit Apartment Community

    2600 6th Street, Bedford, IN 47421

    $3,000,000
    34,212 sqft 5.55 AC lot

    Well-maintained multifamily offering 2BR/1BA units with recent lease rents and utility reimbursements that limit owner utility exposure.

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    Duplexes in Peaceful Country Setting
    Duplexes in Peaceful Country Setting

    101 Eastside Lane, Bedford, IN 47421

    $899,000
    1,888 sqft

    Eight duplexes with strong cash flow potential near Bedford.

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    Townhome Portfolio with Attached Garages
    Townhome Portfolio with Attached Garages

    5500 S Emerson Ave, Indianapolis, IN 46237

    Contact for pricing

    66-unit two-site townhome portfolio with attached one- or two-car garages and in-unit laundry connections.

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    Fletcher Place Multifamily Investment Opportunity
    Fletcher Place Multifamily Investment Opportunity

    550 Fletcher Avenue, Indianapolis, IN 46203

    Contact for pricing

    22-unit multifamily property in Indianapolis's Fletcher Place neighborhood.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Asheville Development Opportunity: 5.94 Acres
    Asheville Development Opportunity: 5.94 Acres

    215 N Bear Creek Road, Asheville, NC 28806

    $2,500,000
    5.94 AC lot

    5.94-acre parcel zoned RM6, ideal for multi-family development.

    View details
    Greenville Development Opportunity: 1.33 Acres
    Greenville Development Opportunity: 1.33 Acres

    71 Salters Road, Greenville, SC 29607

    $699,900
    1.33 AC lot

    1.33 acre parcel suitable for multi-family development near downtown.

    View details
    Prime Development Land, Springfield MO
    Prime Development Land, Springfield MO

    N West Bypass, Springfield, MO 65802

    $2,850,000
    29.20 AC lot

    29.2 acres of retail-zoned land for mixed-use development.

    View details
    Land Near Shepherd University
    Land Near Shepherd University

    8285 MARTINSBURG Pike, Shepherdstown, WV 25443

    $650,000
    3.70 AC lot

    Prime land near Shepherd University with development potential.

    View details

    Off-Market Properties in Bloomington, IN

    Consider similar Off-Market properties in Bloomington, IN. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    206 Walnut St
    Restaurants

    206 Walnut St, Bloomington, IN 47404

    Value Estimation by Request
    7,440 sqft
    View details
    326 Kenwood Dr
    Multifamily properties

    326 Kenwood Dr, Bloomington, IN 47404

    Value Estimation by Request
    View details
    801 Walnut St
    Multifamily properties

    801 Walnut St, Bloomington, IN 47401

    Value Estimation by Request
    2,444 sqft
    View details

    Bloomington, IN Apartment Buildings Market Trends and Statistics

    Explore 15 apartment buildings for sale in Bloomington, IN, showcased through 12 active listings on our real estate platform. These investment opportunities span a total of 67,223 square feet of properties for sale, with an estimated market value of $15,349,900.

    Sale prices for two-family homes in Bloomington, IN start at $659,900, averaging $2,558,316, and reaching up to $4,250,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Demographics Overview

    Population 129K
    Population Growth (5Y) +5.6%
    Median Household Income $60,732
    College Educated 52.2%

    High-Yield Neighborhoods for Investment

    Identify Bloomington submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    47401 $659.9K
    47404 $2.5M
    47408 $3.1M

    Taxes & Financing

    Tax Rate (average for all types) 1.09%
    Property Tax per SF $17.52 per SF
    Tax Rate vs County Average 0.08 pp above county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Monroe County

    New Delisted

    Total CRE Inventory on Market (SF)

    Average Property Price per SF

    For-sale pricing trends across core commercial property types in Monroe County

    Residential Income

    Property Size Breakdown

    The majority of commercial real estate listings in Bloomington fall within the 10,000 to 25,000 square foot range.

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