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    308 S Madison St Bloomington, IN 47403

    For Sale
    $499,000

    Other - Bloomington, IN

    Property size:
    2,351 SF
    Lot size:
    0.20 Acres
    Days on Market:
    159
    Last Refresh:
    Dec 15 at 2:06 am

    Property Features for 308 S Madison St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Basement, Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Bedrooms
    5
    Bathrooms
    3
    APN
    53-08-05-101-016.000-009
    Patio and Porch features
    Deck
    Exterior features
    Basement, Cable Available, Deck Open, None
    Basement Y/N
    1
    Appliances
    Dishwasher, Dryer, Garbage Disposer, Microwave, Range, Washer
    Size
    2,351 SF
    Lot size
    0.20 Acres

    Utilities

    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Floors in Building
    1.5
    Number of units
    2
    Flooring type
    Wood
    Building materials
    Stone
    Architectural style
    Other

    Owens Realty Group (812) 272-8535

    Listing agent Scott Owens (812) 272-8535 License #RB14023735

    Listing date Jul 10, 2025

    MLS# 202524536 Listing URL

    Copyright © 2025 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.

    Overview

    Bloomington Duplex Near Downtown

    This property, located in the heart of downtown Bloomington, is suitable as an investment for an owner-occupant seeking rental income or for full rental of both units (308 & 308.5 S Madison). The property offers convenient access to Indiana University, Kirkwood Ave, Bloomingfoods, the Farmers' Market, and the B-Line trail. An occupancy permit is in place for a total of 7 occupants. The main house, located at 308 S Madison, features 5 bedrooms and 2 full bathrooms, including a remodeled kitchen and renovated bathrooms. The second unit, located at 308.5 S Madison, includes a new bathroom, refreshed kitchen, and new heating and cooling systems. A laundry area for the apartment is located in the garage. The lot size is 0.2 acres and the property size is 2351 square feet. Both units rent easily. The listing agent is the owner. The property is located in Monroe County.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Bloomington
    County
    Monroe
    State
    Indiana
    Longitude
    -86.537666
    Latitude
    39.164201

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    FAQs

    What type of property is this?
    Duplex - Duplex in downtown Bloomington with easy access to amenities.
    Where is this duplex located?
    The property is located at 308 S Madison St Bloomington, IN.
    What is the asking price?
    The asking price for this property is $499,000.
    What are key features of this property?
    This property features: - Prime downtown Bloomington location, with easy access to Indiana University and Kirkwood Ave.; - Investment opportunity featuring two units: a 5-bedroom main house and a separate income/in-law unit.; - Main house boasts a remodeled kitchen and renovated bathrooms.
    (812) 272-8535
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    308 S Madison St Bloomington, IN 47403
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