Craftsman Duplex with Studio
526 S Woodlawn Avenue Bloomington, IN 47401
For Sale
$575,000
MULTI_FAMILY - Craftsman - Bloomington, IN
Property Size2,384 SF
Lot Size0.14 Acres
Price / SF$241.19
Days on Market144
Property Features for 526 S Woodlawn Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
4
Bathrooms
3
Rooms
Bedroom 3, Basement, Bedroom 4, Bathroom 2, Bedroom 2, Bathroom 3, Bedroom 1, Bathroom 1
Parking
2
Standard status
Active
APN
53-08-04-100-023.000-009
Size
2,384 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
015-12860-00 Seminary Pt Lot 91, 015-12870-00 COLLEGE PLACE PT (S 5') LOT 29 PLAT 29C & LOT 30; PLAT 30C
Tax Annual Amount
1347
Utilities
Cooling system
Central Air
Building Details
Year built
1890
Floors in Building
1
Number of units
2
Flooring type
Wood, Carpet
Roof type
Asphalt
Architectural style
Craftsman
Listing Agency:
Century 21 Scheetz - Bloomington
(812) 336-2100
Listed By:
Chris Clark · License #RB14050458
(812) 322-1871
Added: Mar 6
Changed: Jul 11
Last Checked: Jul 28 at 10:06PM
MLS# 202607196
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 craftsman-style duplex provides two separate units with a total of four bedrooms under occupancy permits. One unit is permitted as a three-bedroom with three occupants, and the other is permitted as a studio with one occupant, for four total permitted occupants.
The property is located at 526 S Woodlawn Avenue in Bloomington, IN 47401, and the public remarks indicate it is approximately two blocks to campus. The seller also reports a zero vacancy rental history.
Recent upgrades include a new roof, furnace, and air conditioner installed in April 2026.
The property is located at 526 S Woodlawn Avenue in Bloomington, IN 47401, and the public remarks indicate it is approximately two blocks to campus. The seller also reports a zero vacancy rental history.
Recent upgrades include a new roof, furnace, and air conditioner installed in April 2026.
Key Highlights
- Duplex with 4 total occupancy permit: one 3‑bedroom with 3 permits and one studio with 1 permit
- 4 bedrooms total across the duplex, with zero vacancy rental history
- New roof, furnace, and air conditioner completed April 2026
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 | $32.3k | $13.56 |
| − Vacancy | −$1.7k | −$0.72 |
| EGI | $30.6k | $12.84 |
| − OpEx | −$9.2k | −$3.85 |
| NOI | $21.4k | $8.99 |
2,384 SF · lease $13.56/SF/yr · vacancy 5.32% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$306.1K
$267.8K – $357.1K
NOI $21,425 @ 7.0% cap · market cap 3.73%
Second Best
Apartment 5plus
$278.0K
$243.2K – $324.3K
NOI $19,458 @ 7.0% cap · market cap 3.38%
Theoretical Best
Office A
$465.9K
$407.7K – $543.6K
NOI $32,614 @ 7.0% cap · market cap 5.67%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Craftsman duplex with permitted three-bedroom and studio units, totaling four bedrooms and recently replaced roof and HVAC.
Where is this duplex located?
The property is located at 526 S Woodlawn Avenue Bloomington, IN.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: Duplex with 4 total occupancy permit: one 3‑bedroom with 3 permits and one studio with 1 permit; 4 bedrooms total across the duplex, with zero vacancy rental history; New roof, furnace, and air conditioner completed April 2026
