6-Unit Apartment Building with Garage

331 S Grant Street Bloomington, IN 47401

Claim this Listing
For Sale
$659,900

MULTI_FAMILY - Bloomington, IN

Property size:
3,326 SF
Lot size:
0.22 Acres
Price / SF:
$198/SF
Added:
May 13, 2026
Days on Market:
61
Last Refresh:
Jul 12 at 6:06 pm

Property Features for 331 S Grant Street

General Information

Property type
Residential Multi Family
Property subtype
Other
Bedrooms
4
Bathrooms
6
Rooms
Bathroom 1, Bedroom 4, Bathroom 5, Bathroom 4, Bedroom 3, Bathroom 3, Bedroom 2, Bathroom 6, Bedroom 1, Basement, Bathroom 2
Parking
6
Basement
Block
Standard status
Active
APN
53-08-04-203-029.000-009
Size
3,326 SF
Lot size
0.22 Acres

Taxes and HOA fees

Tax Year
2026
Tax Description
Orchard's Pt Lot 15

Utilities

Cooling system
Central Air, Multi Units

Building Details

Year built
1920
Floors in Building
2
Number of units
6
Flooring type
Laminate, Carpet, Mixed
Architectural style
Other

Listing agent Andy Walker License #RB14032117

Listing office RE/MAX Acclaimed Properties 3695 S Sare Rd., Bloomington, IN

Listing date May 13, 2026

MLS# 202618079

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 6-unit apartment building is offered for sale as-is and includes a spacious 2-car garage that can serve as storage and additional utility for residents or the property. The property is configured to support its current use as a rental apartment building, with the remarks indicating a solid rental history and total monthly rents of $4,650.

The building is located in an Opportunity Zone and described as being just steps from downtown Bloomington and Indiana University. It is identified as being zoned High Density Multi-Family. The current occupancy allowances are noted in the remarks as up to 5 people per unit, which the seller frames as potentially supporting a denser redevelopment scenario (buyer to verify redevelopment options).

For investors, the property offers an on-going multifamily use while also presenting redevelopment considerations tied to its zoning and Opportunity Zone designation. For buyers evaluating either hold or redevelopment, the garage and high-density zoning profile may be relevant factors in planning, with all redevelopment and occupancy details to be confirmed by the buyer and appropriate authorities.

Key Highlights

  • 6‑unit apartment building with total monthly rents of $4,650
  • Zoned High Density Multi‑Family
  • Opportunity Zone designation

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

(Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Locksmith Plumbing Service Butcher Pet Grooming Service (Bike/Boat/Book/etc) Store Catering Service Nursing Home Pet Store & Service

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

FAQs

What type of property is this?
Apartment building - Six-unit multifamily property in an Opportunity Zone with high-density zoning and a 2-car garage, sold as-is.
Where is this apartment building located?
The property is located at 331 S Grant Street Bloomington, IN.
What is the asking price?
The asking price for this property is $659,900.
What are key features of this property?
This property features: 6‑unit apartment building with total monthly rents of $4,650; Zoned High Density Multi‑Family; Opportunity Zone designation
Contact an agent
More about this property
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