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    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

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      Ellettsville Office Space For Sale

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    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).
    (812) 345-4404
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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
    314 W Association St Ellettsville, IN 47429
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