Brand-New Duplex with Covered
For Sale
Under Contract
$779,000
717 S Henderson Street, Bloomington, IN 47401
MULTI_FAMILY - Bloomington, IN
Property Size3,114 SF
Lot Size0.32 Acres
Price / SF$250.16
Days on Market64
Property Features for 717 S Henderson Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Property condition
Under Construction
Bedrooms
6
Bathrooms
6
Full bathrooms
6
Rooms
Bedroom 1, Bathroom 1, Bedroom 6, Bathroom 2, Bedroom 3, Bedroom 5, Bathroom 4, Bathroom 6, Bedroom 2, Bathroom 5, Bathroom 3, Bedroom 4
Parking
2
Lot features
City/ Town/ Suburb, Near College Campus, Near Walking Trail, Corner, Level
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
Subdivision
Monroe County
Standard status
Active Under Contract
APN
53-08-04-112-052.000-009
Size
3,114 SF
Lot size
0.32 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
015-11080-00 Allendale Lot 9 & 10 North Half AND 015-11081-00 Allendale Lot 9 & 10 South Half
Tax Annual Amount
2000
Legal Description
015-11080-00 Allendale Lot 9 & 10 North Half AND 015-11081-00 Allendale Lot 9 & 10 South Half
Utilities
Cooling system
Central Air
Building Details
Year built
2026
Floors in Building
2
Number of units
2
Flooring type
Vinyl
Roof type
Shingle
Architectural style
Other
Listing Agency:
Beyers Realty
(812) 327-8734
Listed By:
Sable Beyers · License #RB20001388
(812) 327-8734
Added: May 28
Changed: Jul 12
Last Checked: Jul 30 at 1:06PM
MLS# 202620349
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 brand-new duplex investment property offers two spacious units, each configured with 3 bedrooms and 3 full bathrooms. The homes total 3,114 square feet and include luxury vinyl plank flooring, custom shaker-style cabinetry, quartz countertops, and stainless steel appliance packages with refrigerator, electric range, microwave, and dishwasher. Each unit also comes with a stackable washer and dryer. Outside, the duplex features durable LP siding and a covered front porch for practical outdoor space.
The property sits on a 0.32-acre lot and includes a protected conservation area that cannot be developed, covering about half of the site. That preserved area creates an added layer of privacy and supports a peaceful outdoor seating setting. Located at 717 S Henderson Street in Bloomington, the site is described as being positioned between Bryan Park and the IU campus. Each unit has one private rear parking space, with additional street parking available.
For tenants or buyers seeking a ready-to-operate rental setup, both units are currently fully leased through July 31, 2027, subject to tenant rights. Interior and appliance packages are in place, and each unit’s private parking supports convenient day-to-day access.
The property sits on a 0.32-acre lot and includes a protected conservation area that cannot be developed, covering about half of the site. That preserved area creates an added layer of privacy and supports a peaceful outdoor seating setting. Located at 717 S Henderson Street in Bloomington, the site is described as being positioned between Bryan Park and the IU campus. Each unit has one private rear parking space, with additional street parking available.
For tenants or buyers seeking a ready-to-operate rental setup, both units are currently fully leased through July 31, 2027, subject to tenant rights. Interior and appliance packages are in place, and each unit’s private parking supports convenient day-to-day access.
Key Highlights
- Brand new duplex under construction, built in 2026, totaling 3,114 SF with two units
- Each unit offers 3 bedrooms and 3 full bathrooms
- Luxury vinyl plank flooring, central air, LP siding, and shingle roof
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 | $42.2k | $13.56 |
| − Vacancy | −$2.2k | −$0.72 |
| EGI | $40.0k | $12.84 |
| − OpEx | −$12.0k | −$3.85 |
| NOI | $28.0k | $8.99 |
3,114 SF · lease $13.56/SF/yr · vacancy 5.32% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$399.8K
$349.8K – $466.4K
NOI $27,986 @ 7.0% cap · market cap 3.59%
Second Best
Apartment 5plus
$363.1K
$317.7K – $423.6K
NOI $25,416 @ 7.0% cap · market cap 3.26%
Theoretical Best
Office A
$608.6K
$532.5K – $710.0K
NOI $42,601 @ 7.0% cap · market cap 5.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
2,307
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
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two fully equipped 3-bedroom units with private rear parking, leased through July 31, 2027.
Where is this duplex located?
The property is located at 717 S Henderson Street Bloomington, IN.
What is the asking price?
The asking price for this property is $779,000.
What are key features of this property?
This property features: Brand new duplex under construction, built in 2026, totaling 3,114 SF with two units; Each unit offers 3 bedrooms and 3 full bathrooms; Luxury vinyl plank flooring, central air, LP siding, and shingle roof
