Low-Maintenance Ranch Income
For Sale
$349,900
101 N Clark Street, Bloomington, IN 47408
MULTI_FAMILY - Ranch - Bloomington, IN
Property Size1,108 SF
Lot Size0.14 Acres
Price / SF$315.79
Days on Market35
Property Features for 101 N Clark Street
General Information
Property type
Residential Multi Family
Property subtype
Single Family Residence
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Bathroom 2, Bedroom 2, Bedroom 1, Bathroom 1
Parking
3
Parking features
Off Street
Subdivision
Highland Homes
Lot features
City/ Town/ Suburb, Near College Campus, Near Walking Trail, Corner, Level, 0-2.9999
Elementary school
University
Middle school
Tri-North
High school
Bloomington North
Elementary school district
Monroe County Community School C
Middle school district
Monroe County Community School C
High school district
Monroe County Community School C
Directions
On the corner of Clark & 5th Street.
Standard status
Active
APN
53-05-34-415-002.000-005
Size
1,108 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
013-18470-00 HIGHLAND HOMES BLK U LOTS 21& 20
Legal Description
013-18470-00 HIGHLAND HOMES BLK U LOTS 21& 20
Utilities
Cooling system
Central Air
Building Details
Year built
1996
Floors in Building
1
Number of units
1
Flooring type
Wood
Roof type
Shingle
Architectural style
Ranch
Listing Agency:
Sterling Real Estate
(812) 333-1966
Listed By:
Heather Groves · License #RB15001614
(812) 606-4239
Added: Jul 8
Changed: Aug 5
Last Checked: Aug 11 at 10:06PM
MLS# 202627125
Copyright © 2026 Indiana Uplands Realtor® Association. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This low-maintenance ranch home offers three bedrooms and two full bathrooms in a single-level layout. The interior features all hardwood floors, and recent improvements include a new roof, an HVAC system, a hot water heater, and an encapsulated crawlspace. Outside, the property provides generous parking with three dedicated spaces, plus a recently rebuilt shed for additional storage.
The home is located in Bloomington, Indiana, just blocks from Indiana University’s campus. It is situated on a small lot and is positioned for easy day-to-day access with on-site parking.
For investors or owner-occupants seeking a manageable property with existing tenancy, the home is currently leased for the 2026–2027 school year at $1,950 per month. With the updates already in place—covering major systems and crawlspace encapsulation—the property is positioned for straightforward continued operation while maintaining a strong baseline for day-to-day property upkeep.
The home is located in Bloomington, Indiana, just blocks from Indiana University’s campus. It is situated on a small lot and is positioned for easy day-to-day access with on-site parking.
For investors or owner-occupants seeking a manageable property with existing tenancy, the home is currently leased for the 2026–2027 school year at $1,950 per month. With the updates already in place—covering major systems and crawlspace encapsulation—the property is positioned for straightforward continued operation while maintaining a strong baseline for day-to-day property upkeep.
Key Highlights
- 3‑bedroom, 2‑full‑bath ranch home built in 1996 with central air
- Currently leased for the 2026–2027 school year at $1,950/month
- All hardwood floors, plus new roof, HVAC system, hot water heater, and encapsulated crawlspace
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
967
Businesses Nearby
Explore this area
Business Placement
Demographics for 47408, IN
22,917
Population
10,456
Households
2.2
Avg Household Size
28
Median Age
59%
College-Educated
98%
High-School Grad
64.4 sq mi
ZIP Area
356
Density / Sq Mi
$45,584
Median Household Income
$15,819
Median Earnings
$1,177
Median Rent
$304,600
Median Home Value
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Single family property - Updated ranch with hardwood floors and three dedicated parking spaces, currently leased for the 2026–2027 school year.
Where is this single family property located?
The property is located at 101 N Clark Street Bloomington, IN.
What is the asking price?
The asking price for this property is $349,900.
What are key features of this property?
This property features: 3‑bedroom, 2‑full‑bath ranch home built in 1996 with central air; Currently leased for the 2026–2027 school year at $1,950/month; All hardwood floors, plus new roof, HVAC system, hot water heater, and encapsulated crawlspace
