Single-Family Rental
425 E Dodds Street Bloomington, IN 47401
425 E Dodds Street, Bloomington, IN, 47401
$399,000
For Sale
$399,000
MULTI_FAMILY - Ranch - Bloomington, IN
Property Size1,370 SF
Lot Size0.23 Acres
Price / SF$291.24
Days on Market32
Property Features for 425 E Dodds Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Single Family Residence
- Bedrooms
- 3
- Bathrooms
- 2
- Rooms
- Bathroom 1, Bedroom 3, Bedroom 2, Bedroom 1, Bathroom 2
- Parking
- 2
- Parking features
- Off Street
- Fencing
- Privacy
- Basement
- Block
- Standard status
- Active
- APN
- 53-08-04-113-083.000-009
- Size
- 1,370 SF
- Lot size
- 0.23 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Description
- 015-23060-00 Allendale 2nd Lot 141
- Tax Annual Amount
- 1230
Utilities
- Cooling system
- Central Air
Building Details
- Year built
- 1954
- Floors in Building
- 1
- Number of units
- 1
- Flooring type
- Tile - Ceramic, Carpet, Wood
- Roof type
- Asphalt
- Architectural style
- Ranch
Listing agency
SELL4FREE-WELSH REALTY CORPORATION
(812) 634-6969
Listed by
Andrew Welsh · License #RB14022959
(812) 309-0628
Added: Jun 20 Updated: Jul 6 at 3:27PM Checked: Jul 21 at 11:06PM
MLS# 202625961
Copyright © 2026 Southwest Indiana Association of Realtors. 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 ranch-style single-family rental home offers 3 bedrooms and 2 bathrooms, with a large living room featuring picture windows. The kitchen has been remodeled, and there is a separate dining room with the washer and dryer located behind louver doors for a cleaner look. The primary bedroom includes a private en-suite bath, and the third bedroom offers built-in cabinetry. A spacious deck overlooks the back yard, providing an outdoor space for everyday living or entertaining.
The property is positioned just blocks from Indiana University campus, supporting tenant convenience for university-area renters. The home sits on a lot of 0.2258 acres and includes a driveway plus an additional streetside parking area at the front of the property.
Designed for straightforward rental living, the layout supports comfortable day-to-day function with in-home laundry and private bathroom access in the en-suite bedroom. With a remodeled kitchen, dedicated dining space, and a deck to complement the back yard, it may appeal to tenants looking for a maintained home close to campus amenities.
The property is positioned just blocks from Indiana University campus, supporting tenant convenience for university-area renters. The home sits on a lot of 0.2258 acres and includes a driveway plus an additional streetside parking area at the front of the property.
Designed for straightforward rental living, the layout supports comfortable day-to-day function with in-home laundry and private bathroom access in the en-suite bedroom. With a remodeled kitchen, dedicated dining space, and a deck to complement the back yard, it may appeal to tenants looking for a maintained home close to campus amenities.
Key Highlights
- Ranch home built in 1954 with 3 bedrooms and 2 bathrooms
- Central air cooling
- Remodeled kitchen and separate dining room with washer/dryer behind louver doors
Local Financial Insights For Apartment 5plus
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 | $21.5k | $15.72 |
| − Vacancy | −$1.2k | −$0.88 |
| EGI | $20.3k | $14.84 |
| − OpEx | −$9.1k | −$6.68 |
| NOI | $11.2k | $8.16 |
1,370 SF · lease $15.72/SF/yr · vacancy 5.60% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$159.7K
$139.8K – $186.4K
NOI $11,182 @ 7.0% cap · market cap 2.80%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$267.7K
$234.3K – $312.4K
NOI $18,742 @ 7.0% cap · market cap 4.70%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Single family properties
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FAQs
What type of property is this?
Single family property - Well-kept 3-bedroom, 2-bath home with remodeled kitchen, en-suite bedroom, and deck, suited for rental use near Indiana University.
Where is this single family property located?
The property is located at 425 E Dodds Street Bloomington, IN.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Ranch home built in 1954 with 3 bedrooms and 2 bathrooms; Central air cooling; Remodeled kitchen and separate dining room with washer/dryer behind louver doors
