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    4977 E State Road 46 Bloomington, IN 47408

    For Sale
    $545,000

    Other - Bloomington, IN

    Property size:
    3,460 SF
    Lot size:
    1.00 Acre
    Days on Market:
    123
    Last Refresh:
    Dec 14 at 2:06 pm

    Property Features for 4977 E State Road 46

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4
    Bedrooms
    4
    Bathrooms
    3
    APN
    53-05-36-400-021.000-004
    Patio and Porch features
    Porch, Deck
    Exterior features
    Ceiling Fan, Fireplace, Off Street Parking, Cable Available, Ceilings-beamed, Ceilings-vaulted, Countertops-stone, Deck Covered, Eat-in Kitchen, Firepit, Kitchen Island, Landscaped, Porch Covered, Washer Hook-up, None
    Appliances
    Dishwasher, Garbage Disposer, Range, Washer
    Size
    3,460 SF
    Lot size
    1.00 Acre

    Utilities

    Heating system
    Forced Air
    Cooling system
    Central Air, Multi Units, Other (Cooling)

    Building Details

    Floors in Building
    2
    Number of units
    2
    Flooring type
    Concrete, Laminate
    Building materials
    Block
    Architectural style
    Other

    eXp Realty LLC (888) 611-3912

    Listing agent Chris Berg (888) 611-3912 License #RB17001700

    Listing date Aug 14, 2025

    MLS# 202524187 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

    Two Renovated Homes on One Parcel

    This unique property features two fully renovated homes on a single parcel, situated minutes from Bloomington. The first home is a 3-bedroom, 2-bath residence with a new roof, new HVAC system, and an open-concept kitchen featuring quartz countertops. It also includes luxury bathrooms, updated flooring, fresh paint, and modern cabinetry. Approximately 200 feet away, the second home is a converted barn. The upper level includes 1 bedroom, 1 bath, and an open-concept kitchen and living area with new floors, cabinets, and paint. The lower level offers a creative flex space with polished concrete floors and panoramic windows overlooking the forest, suitable for an office or second bedroom. The property provides an opportunity for multi-generational living, a primary home with guest space, or investment potential. It includes two covered decks. The property has a lot size of 1 acre and a total property size of 3460 square feet. The property is located in Bloomington, Indiana, with a postal code of 47408, and is situated in Monroe County.
    Property Profile Location Intelligence

    Current Use by Public Records

    Single family properties

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Bloomington
    County
    Monroe
    State
    Indiana
    Longitude
    -86.463764
    Latitude
    39.166797

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    FAQs

    What type of property is this?
    Single family property - Two fully renovated homes on a single parcel near Bloomington.
    Where is this single family property located?
    The property is located at 4977 E State Road 46 Bloomington, IN.
    What is the asking price?
    The asking price for this property is $545,000.
    What are key features of this property?
    This property features: - 10% CAP Rate investment opportunity with two fully renovated homes on one parcel.; - Two separate homes: a 3-bedroom, 2-bath primary residence and a converted barn retreat.; - Home One features a **new roof, new HVAC, quartz countertops, and updated luxury finishes.**
    (888) 611-3912
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    Bloomington, IN 47408
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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

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    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
    4977 E State Road 46 Bloomington, IN 47408
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