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Six-Unit Apartment Building
For Sale
$4,000,000

314 N Washington Street, Bloomington, IN 47408

COMMERCIAL - Bloomington, IN

Property SizeContact for details
Lot Size0.20 Acres
Days on Market50

Property Features for 314 N Washington Street

General Information

Property type Commercial Sale
Property subtype Other
Parking features Off Street, Garage
Directions GPS Friendly
Subdivision Monroe County
Standard status Active
APN 53-05-33-310-198.000-005
Lot size 0.20 Acres

Taxes and HOA fees

Tax Year 2026
Tax Description 013-25560-00 ORIGINAL PLAT LOT 331
Tax Annual Amount 21025
Legal Description 013-25560-00 ORIGINAL PLAT LOT 331

Utilities

Cooling system Central Air

Building Details

Year built 1997
Flooring type Vinyl, Carpet, Wood
Roof type Shingle
Listing Agency: FC Tucker/Bloomington REALTORS
Listed By: Kerry Feigenbaum · License #RB17000572
Added: Jul 1 Changed: Aug 4 Last Checked: Aug 19 at 12:06AM
MLS# 202626116

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 six-unit apartment building includes townhouse-style units originally built as six individual condominium units. Each two-story townhouse has generously sized rooms, a dedicated bath for each bedroom, an additional half bath on the main floor, and loads of storage. The units include central air, with flooring finishes including wood, carpet, and vinyl. The property also features shingle roofing, and off-street parking with a garage.

The building is located at 314 N Washington Street in Bloomington, Indiana, near downtown and the IU campus. All 6 units are rented for the 26-27 school year.

Built in 1997, the site sits on approximately 0.2 acres. Each unit has 3 parking spots in the garage. Please allow 48 hours for all showing requests to allow for tenant notice.

Key Highlights

  • 6 units, each in a two‑story townhouse layout
  • All 6 units rented for the 26‑27 school year
  • Approximately 0.2 acres at 314 N Washington Street, Bloomington, IN

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Electrical Service Locksmith Plumbing Service Veterinary Clinic Butcher (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

6
Residential units

Location Intelligence

Trade Area within ½ mile

641
Businesses Nearby

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

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Six units are leased for the 26-27 school year and serviced by central air in each townhome layout.
Where is this apartment building located?
The property is located at 314 N Washington Street Bloomington, IN.
What is the asking price?
The asking price for this property is $4,000,000.
What are key features of this property?
This property features: 6 units, each in a two‑story townhouse layout; All 6 units rented for the 26‑27 school year; Approximately 0.2 acres at 314 N Washington Street, Bloomington, IN
More about this property
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