775 - 777 N Smith Road, Bloomington, IN 47408
MULTI_FAMILY - Bloomington, IN
- Added:
- Feb 12, 2026
- Days on Market:
- 143
- Last Refresh:
- Jul 5 at 3:06 am
Property Features for 775 - 777 N Smith Road
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 7
- Bathrooms
- 4
- Rooms
- Bathroom 1, Bedroom 4, Bedroom 2, Bedroom 3, Bedroom 7, Bathroom 2, Bedroom 1, Bedroom 6, Basement, Bathroom 4, Bathroom 3, Bedroom 5
- Parking
- 8
- Parking features
- Off Street
- Fireplace
- 1
- Basement
- Block
- Standard status
- Active
- APN
- 53-05-35-400-007.000-005
- Size
- 3,430 SF
- Lot size
- 0.40 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- 013-01280-10 Pt NE SE 35-9-1W (0.40 Acre) Plat 60
- Tax Annual Amount
- 1708
Utilities
- Cooling system
- Central Air
Building Details
- Year built
- 1960
- Floors in Building
- 1
- Number of units
- 4
- Flooring type
- Vinyl, Laminate, Wood, Mixed, Carpet
- Architectural style
- Other
Listing agent Janet Jin License #RB17001414 (812) 325-9093
Listing office RE/MAX Acclaimed Properties 3695 S Sare Rd., Bloomington, IN (812) 332-3001
Listing date Feb 12, 2026
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.
HighLights
- Solid all‑brick fourplex built in 1960 with central air cooling and off‑street parking
- Fireplace included (FireplaceYN: true)
- Recent improvements include a new HVAC system (2020) plus new stone landscaping (2023)
- Unit 2 was fully remodeled and furnished in 2023
- Interior/exterior sewer systems were completely updated in 2025; Nuflow Plumbing Company offers a 5‑year warranty through 2030
- Rental history supported by rental permit through 9/19/2028 and current leases: Units 1 & 2 through 7/31/2027; Units 3 & 4 through 7/31/2026
Overview
Located on the east side of Bloomington, the fourplex is positioned off 10th Street. A campus bus stop is directly across the street, and an elementary school is located just east of the corner of Smith and 10th Street.
For tenants, the property offers leased, permit-supported housing with ongoing maintenance-backed upgrades, including the updated sewer systems and HVAC. For buyers, the current lease schedule provides stated occupancy through July 2026 for Units 3 and 4 and through July 2027 for Units 1 and 2. The landlord currently covers water, sewer, trash, electricity, and gas.
Local 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 | $46.5k | $13.56 |
| − Vacancy | −$2.5k | −$0.72 |
| EGI | $44.0k | $12.84 |
| − OpEx | −$13.2k | −$3.85 |
| NOI | $30.8k | $8.99 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Bloomington
- County
- Monroe
- State
- Indiana
- Longitude
- -86.481683
- Latitude
- 39.170938
