3429 & 3431 S Kennedy Drive, Bloomington, IN 47401
MULTI_FAMILY - Bloomington, IN
- Added:
- May 11, 2026
- Days on Market:
- 56
- Last Refresh:
- Jul 5 at 4:06 am
Property Features for 3429 & 3431 S Kennedy Drive
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 6
- Bathrooms
- 4
- Rooms
- Bathroom 3, Bedroom 3, Bathroom 4, Bedroom 1, Bedroom 4, Bedroom 6, Bedroom 5, Bedroom 2, Bathroom 2, Bathroom 1
- Parking
- 6
- Parking features
- Garage
- Standard status
- Active
- APN
- 53-08-16-301-010.000-009
- Size
- 2,592 SF
- Lot size
- 0.22 Acres
Taxes and HOA fees
- Tax Year
- 4051
- Tax Description
- WALNUT SPRINGS PH I L 22 State ID #53-08-16-301-010.000-009
- Tax Annual Amount
- 1422
Utilities
- Cooling system
- Central Air
Building Details
- Year built
- 1994
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Vinyl, Tile
- Roof type
- Shingle
- Architectural style
- Other
Listing agent Ron Plecher License #RB14033205 (812) 320-2142
Listing office Realty Professionals 328 S Walnut St., Ste. 6, Bloomington, IN (812) 650-3600
Listing date May 11, 2026
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
- Two‑unit property on the south side of Bloomington with established rental history
- Both units are currently rented for $1,675/month; 3429 leased until 7/26/27 and 3431 until 12/20/2026
- Each unit has a main level living room, fully equipped kitchen with pantry and laundry closet, dining room, and a full bath
- Each upper level includes 3 bedrooms (2 with walk‑in closets) plus a full bath with tub/shower combination
- One‑car attached garage plus a spacious back deck for each unit and a nice‑sized yard
- Recent improvements for 3429 include a new furnace (2026) and Luxury Vinyl Plank flooring replacing carpeting
Overview
The property is located on the south side of Bloomington, IN, with access described as convenient to shopping, I-69, and downtown. Utility responsibility is with the tenants, as noted in the remarks.
For tenants seeking long-term stability, the current leases provide established occupancy, with 3429 leased until 7/26/27 and 3431 leased until 12/20/2026. The layout supports common strategies such as living in one side while leasing the other, or leasing both units as separate income-producing residences.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $35.1k | $13.56 |
| − Vacancy | −$1.9k | −$0.72 |
| EGI | $33.3k | $12.84 |
| − OpEx | −$10.0k | −$3.85 |
| NOI | $23.3k | $8.99 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Bloomington
- County
- Monroe
- State
- Indiana
- Longitude
- -86.52818
- Latitude
- 39.124999
