For Sale
  • For Sale
  • For Lease
  • Recently Sold
  • Property Lookup
  • Brokers
Back to Search

314 W Association St Ellettsville, IN 47429

For Sale
$230,000

Duplex - Ellettsville, IN

Type:Duplex
Property size:
1,721 SF
Lot size:
0.44 Acres
Days on Market:
47
Last Refresh:
Dec 6 at 3:06 pm

Property Features for 314 W Association St

General Information

Property type
Residential Multi Family
Property subtype
Duplex
Standard status
Active
Rooms
Basement, Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 3, Laundry
Bedrooms
3
Bathrooms
2
APN
53-04-10-214-043.000-013
EntryLevel
Main
Exterior features
Basement, Fenced Yard, Off Street Parking, None
Fencing
Fenced
Basement Y/N
1
Appliances
Dryer, Range
Size
1,721 SF
Lot size
0.44 Acres

Utilities

Heating system
Natural Gas
Cooling system
Central Air

Building Details

Floors in Building
1
Number of units
2
Flooring type
Carpet
Building materials
Stone
Architectural style
Other

Deb Tomaro Real Estate (812) 345-4404

Listing agent Deborah Tomaro (812) 345-4404 License #RB14044665

Listing date Oct 21, 2025

MLS# 202542673 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

Ellettsville Duplex: Investment Opportunity

This duplex in Ellettsville, Indiana, presents an investment opportunity with flexibility and upside potential. Situated on two parcels totaling just over 0.4 acres, the property has a solid rental history. Both units are occupied by long-term tenants, one since 2019 and the other since 2020. The two-bedroom plus office unit currently rents for $920, while the one-bedroom unit rents for $850, suggesting potential for future rent increases to market rates. The larger unit includes an office that could be enclosed to create a third bedroom, plus access to half of the basement. The other half (or even 2/3) of the basement, featuring egress windows, presents an opportunity for a third unit or rentable storage space, subject to local regulations. The property has been professionally managed and well maintained, with tenants responsible for most utilities. The two-bedroom lease runs through June 2026, and the one-bedroom lease runs through April 2026. The sale includes two parcels. Ellettsville is in high demand for rentals due to business expansion and the growth of several large employers to the west.
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 Clothing Store Building Supply Gym & Fitness

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

Location Insight

  • Map
  • Local Demand
City
Ellettsville
County
Monroe
State
Indiana
Longitude
-86.624218
Latitude
39.232464

FAQs

What type of property is this?
Duplex - Duplex with long-term tenants and potential for increased rental income.
Where is this duplex located?
The property is located at 314 W Association St Ellettsville, IN.
What is the asking price?
The asking price for this property is $230,000.
What are key features of this property?
This property features: - Investment opportunity with solid rental history and upside potential to increase rents to market rates.; - Includes two parcels totaling over 0.4 acres.; - Opportunity to add a third unit or rentable storage space in the basement (subject to local regulations).
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message