Eight-Bedroom Duplex Near
For Sale
Under Contract
$725,000
403 S Eagleson Avenue, Bloomington, IN 47401
INVESTMENT, One and Half Story, Bloomington, IN
Property Size3,240 SF
Lot Size0.12 Acres
Price / SF$223.77
Days on Market55
Property Features for 403 S Eagleson Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
7
Bathrooms
4
Full bathrooms
3
Half bathrooms
1
Rooms
Bathroom 2, Bedroom 4, Bathroom 4, Bedroom 2, Bathroom 3, Bedroom 3, Bedroom 5, Bathroom 1, Bedroom 1, Bedroom 6, Bedroom 7, Basement
Parking
2
Subdivision
Southeast Bloomington City
Lot features
Irregular
Elementary school
Rogers/Binford
Middle school
Jackson Creek
High school
Bloomington South
Elementary school district
Monroe County Community School C
Middle school district
Monroe County Community School C
High school district
Monroe County Community School C
Directions
GPS Friendly
Standard status
Active Under Contract
APN
53-08-03-204-043.000-009
Size
3,240 SF
Lot size
0.12 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
015-45440-00 Campus Place Lots 28 & 29 PLATS 28A & (29A)
Legal Description
015-45440-00 Campus Place Lots 28 & 29 PLATS 28A & (29A)
Utilities
Cooling system
Central Air
Building Details
Year built
1921
Floors in Building
1
Number of units
2
Flooring type
Wood
Architectural style
Other
Listing Agency:
FC Tucker/Bloomington REALTORS
(812) 336-7300
Listed By:
Jeff Franklin · License #RB14023367
(812) 360-5333
Added: Aug 14
Changed: Sep 28
Last Checked: Oct 7 at 4:06AM
MLS# 202633278
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 duplex contains 3240 square feet on a 0.12-acre lot and includes distinct upper and lower living arrangements. The upper unit offers five bedrooms and 2 1/2 baths, while the lower unit provides three bedrooms and one bath. Wood flooring, central air, and kitchen space are among the documented improvements. The property was built in 1921.
Located at the corner of S Eagleson Avenue and Atwater Avenue in Bloomington, the property is near Indiana University, shops, restaurants, the bookstore, and campus activities. Its eight-bedroom configuration and proximity to campus provide a clear physical profile for residential income use.
Located at the corner of S Eagleson Avenue and Atwater Avenue in Bloomington, the property is near Indiana University, shops, restaurants, the bookstore, and campus activities. Its eight-bedroom configuration and proximity to campus provide a clear physical profile for residential income use.
Key Highlights
- 3240 square feet on a 0.12‑acre lot
- Upper unit with five bedrooms and 2 1/2 baths
- Lower unit with three bedrooms and one bath
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,118
Cap Rate
4.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$582,360
$582.4K
Cap Rate 7%
$415,971
$416.0K
Cap Rate 9%
$323,533
$323.5K
Market Conditions
NOI Build-Up for 3,240 SF
Gross rent
$43.9K $13.56/SF
− Vacancy
−$2.3K −$0.72/SF
EGI
$41.6K $12.84/SF
− OpEx
−$12.5K −$3.85/SF
NOI
$29.1K $8.99/SF
Area
Monroe County, IN
Vacancy
5.32%
Lease Rate
$13.56 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$582,360
Cap Rate 7%
$415,971
Cap Rate 9%
$323,533
Alternative Uses
Best Use
Multifamily LT 5
$416.0K
$364.0K – $485.3K
NOI $29,118 @ 7.0% cap · market cap 4.02%
Second Best
Apartment 5plus
$377.8K
$330.6K – $440.7K
NOI $26,444 @ 7.0% cap · market cap 3.65%
Theoretical Best
Office A
$633.2K
$554.1K – $738.8K
NOI $44,325 @ 7.0% cap · market cap 6.11%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
717
Businesses Nearby
Explore this area
Business Placement
Demographics for 47401, IN
41,225
Population
21,162
Households
1.9
Avg Household Size
35
Median Age
62%
College-Educated
95%
High-School Grad
82.6 sq mi
ZIP Area
499
Density / Sq Mi
$65,643
Median Household Income
$34,279
Median Earnings
$1,181
Median Rent
$333,100
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Duplex - Corner duplex with central air, wood flooring, and separate upper and lower unit configurations near shops, restaurants, and campus activities.
Where is this duplex located?
The property is located at 403 S Eagleson Avenue Bloomington, IN.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: 3240 square feet on a 0.12‑acre lot; Upper unit with five bedrooms and 2 1/2 baths; Lower unit with three bedrooms and one bath
