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    Bloomington Duplex on 5 Acres Title is generated by Realmo AI

    3022 N Smith Pike Street, Bloomington, IN 47404

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    For Sale
    $375,000

    Duplex - Bloomington, IN

    Type:Duplex
    Property size:
    2,310 SF
    Lot size:
    5.00 Acres
    Price / SF:
    $162/SF
    Added:
    Mar 10, 2025
    Days on Market:
    463
    Last Refresh:
    Jun 15 at 1:06 am

    Property Features for 3022 N Smith Pike Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Duplex
    Bedrooms
    6
    Bathrooms
    4
    Rooms
    Basement, Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Patio and Porch features
    Porch
    Exterior features
    Porch Open, Barn
    Basement Y/N
    1
    Standard status
    Active
    APN
    53-04-24-101-036.000-011
    Size
    2,310 SF
    Lot size
    5.00 Acres

    Utilities

    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Floors in Building
    1
    Number of units
    2
    Flooring type
    Vinyl, Wood
    Architectural style
    Other
    Additional Structures
    Barn(s)

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    Listing Contact
    Curt Hayes

    Listing agent Curt Hayes License #RB14013053

    Listing office Hayes Realty, Inc 5665 W St Rd 46, Bloomington, IN

    Listing date Mar 10, 2025

    MLS# 202507526 Listing URL

    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.

    HighLights

    • Central air conditioning for year‑round comfort
    • Features a basement for extra storage or living space
    • Includes a barn, perfect for hobbies or storage
    • Enjoy relaxing on the open porch
    • Wood flooring adds warmth and character
    • Multiple bedrooms (5) offer ample space

    Overview

    This duplex property is located in Bloomington, Indiana, specifically at 3022 N Smith Pike Street, within Monroe County. The property includes 2310 square feet of living space and is situated on a 5-acre lot. This residential income property is intended for sale.

    Local Financial Insights For Multifamily LT 5

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $31.3k $13.56
    − Vacancy −$1.7k −$0.72
    EGI $29.7k $12.84
    − OpEx −$8.9k −$3.85
    NOI $20.8k $8.99
    2,310 SF · lease $13.56/SF/yr · vacancy 5.32% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $296.6K
    $259.5K – $346.0K (±1% cap)
    NOI $20,760 @ 7.0% cap · market cap 5.54%
    Second Best
    Apartment 5plus
    $269.3K
    $235.7K – $314.2K (±1% cap)
    NOI $18,854 @ 7.0% cap · market cap 5.03%
    Theoretical Best
    Office A
    $451.5K
    $395.0K – $526.7K (±1% cap)
    NOI $31,602 @ 7.0% cap · market cap 8.43%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Map

    City
    Bloomington
    County
    Monroe
    State
    Indiana
    Longitude
    -86.582707
    Latitude
    39.202984

    FAQs

    What type of property is this?
    Duplex - Duplex in Bloomington, Indiana, featuring 2310 square feet on 5 acres.
    Where is this duplex located?
    The property is located at 3022 N Smith Pike Street Bloomington, IN.
    What is the asking price?
    The asking price for this property is $375,000.
    What are key features of this property?
    This property features: Central air conditioning for year‑round comfort; Features a basement for extra storage or living space; Includes a barn, perfect for hobbies or storage
    More about this property
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