Six-Unit Student Apartment Building

314 N Washington Street, Bloomington, IN 47408

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New

For Sale

$4,000,000

COMMERCIAL - Bloomington, IN

Lot size:

0.20 Acres

HighLights

6‑unit downtown Bloomington building; originally built as 6 individual condominium units and operated as student apartment rentals
All 6 units are rented for the 26–27 school year; buyer can receive rental income while planning next steps
Two‑story townhouse layout with dedicated bath for each bedroom plus an additional half bath on the main floor
Garage parking plus off‑street parking; each unit includes 3 parking spots in the garage
Central air cooling; interior includes wood, carpet, and vinyl flooring
Built in 1997 with a shingle roof; please allow 48 hours for showing requests to provide tenant notice

We can help!

Contact an agent

Kerry Feigenbaum

For Sale

$4,000,000

COMMERCIAL - Bloomington, IN

Lot size:

0.20 Acres

Added:: Jul 1, 2026
Days on Market:: 2
Last Refresh:: Jul 2 at 10:06 am

Property Features for 314 N Washington Street

General Information

Property type: Commercial Sale
Property subtype: Other
Parking features: Off Street, Garage
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

Utilities

Cooling system: Central Air

Building Details

Year built: 1997
Flooring type: Wood, Carpet, Vinyl
Roof type: Shingle

We can help!

Contact an agent

Kerry Feigenbaum

Listing agent Kerry Feigenbaum License #RB17000572

Listing office FC Tucker/Bloomington REALTORS 487 S Clarizz Blvd, Bloomington, IN

Listing date Jul 1, 2026

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.

HighLights

6‑unit downtown Bloomington building; originally built as 6 individual condominium units and operated as student apartment rentals
All 6 units are rented for the 26–27 school year; buyer can receive rental income while planning next steps
Two‑story townhouse layout with dedicated bath for each bedroom plus an additional half bath on the main floor
Garage parking plus off‑street parking; each unit includes 3 parking spots in the garage
Central air cooling; interior includes wood, carpet, and vinyl flooring
Built in 1997 with a shingle roof; please allow 48 hours for showing requests to provide tenant notice

Overview

The property is a six-unit apartment building that was originally built as six individual condominium units and has been operated as student apartment rentals. The Gables is configured as three parking spots in the garage per unit, and each unit is described as a two-story townhouse layout. Rooms are presented as generously sized, with a dedicated bath for each bedroom, plus an additional half bath on the main floor for guests. The units also include loads of storage, and the property is described as having high-end finishes.

Located in Bloomington, the building is positioned in the downtown area and near the IU campus. According to the seller’s remarks, all six units are rented for the 26–27 school year, meaning a purchaser can plan for future renovations while continuing to receive rental income during that period. Please allow 48 hours for all showing requests to provide tenant notice.

For buyers and operators seeking a small multifamily asset with townhouse-style layouts, each unit’s bedroom-specific bath arrangement and additional half bath may support a tenant-focused floorplan. The current full occupancy for the upcoming school year provides near-term income while allowing time to evaluate and implement any planned improvements to reposition the property for condominium-style sales, if desired.

Property Profile Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Location Insight

Map
Local Demand

City: Bloomington
County: Monroe
State: Indiana
Longitude: -86.532075
Latitude: 39.169127

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For sale
Apartment buildings
IN
Bloomington
47408
314 N Washington Street

What type of property is this?

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

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‑unit downtown Bloomington building; originally built as 6 individual condominium units and operated as student apartment rentals; All 6 units are rented for the 26–27 school year; buyer can receive rental income while planning next steps; Two‑story townhouse layout with dedicated bath for each bedroom plus an additional half bath on the main floor

314 N Washington Street, Bloomington, IN 47408

COMMERCIAL - Bloomington, IN

Property Features for 314 N Washington Street

General Information

Taxes and HOA fees

Utilities

Building Details

We can help!

HighLights

Overview

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Split-Level Office Schoolhouse

Four-Unit Residential Income Property

Three-Building Flex and Warehouse

Corner Reception Office Building

Office-Warehouse Flex Facility

Office and Retail Buildings with Parking

6-Unit Apartment Building with Garage

New Student Housing Duplex

Six-Unit Multifamily Building

Brand-New Duplex with Covered Porch

Multifamily Apartment Building

Flexible Mixed-Use Building

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