Six-Unit Apartment
For Sale
$799,000
100-106 S Yancy Ln, Bloomington, IN 47404
Three duplex buildings provide six three-bedroom units with individual carports on Bloomington’s west side.
Property Size6,624 SF
Lot Size1.07 Acres
Price / SF$120.62
Days on Market78
Property Features for 100-106 S Yancy Ln
General Information
Standard status
Active
Size
6,624 SF
Total Parking Spaces
6
Lot size
1.07 Acres
Units
Unit Mix
6 x 3BR/1BA
Multifamily Units
6
Additional Details
Highway Access
Yes
Building Details
Year Built
1966
Buildings
3
Listing Agency:
Stafford Real Estate
Listed By:
Jim Stafford · License #RB14033324
(812) 325-4453
Source:
Spencerchildersgroup
Added: Jul 31
Changed: Oct 14
Last Checked: Oct 7 at 12:59PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Stafford Real Estate
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This multifamily property includes three duplex buildings totaling six 3-bedroom, 1-bath apartments across 6,624 square feet. Each unit includes a one-car carport. The buildings were constructed in 1966 and occupy 1.07 acres at the end of a dead-end street.
Four apartments are vacant, while two have month-to-month tenants. The property is located near West 3rd Street and I-69, with access to west-side shopping, restaurants, major employers, and Indiana University. The site may include an additional buildable lot for one more dwelling unit, subject to buyer verification of development feasibility, zoning, and building requirements.
Four apartments are vacant, while two have month-to-month tenants. The property is located near West 3rd Street and I-69, with access to west-side shopping, restaurants, major employers, and Indiana University. The site may include an additional buildable lot for one more dwelling unit, subject to buyer verification of development feasibility, zoning, and building requirements.
Key Highlights
- Six 3‑bedroom, 1‑bath apartment units across three duplex buildings
- 6,624 square feet on 1.07 acres
- One‑car carport included with each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$54,064
Cap Rate
6.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,081,280
$1.1M
Cap Rate 7%
$772,343
$772.3K
Cap Rate 9%
$600,711
$600.7K
Market Conditions
NOI Build-Up for 6,624 SF
Gross rent
$104.1K $15.72/SF
− Vacancy
−$5.8K −$0.88/SF
EGI
$98.3K $14.84/SF
− OpEx
−$44.2K −$6.68/SF
NOI
$54.1K $8.16/SF
Area
Monroe County, IN
Vacancy
5.60%
Lease Rate
$15.72 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,081,280
Cap Rate 7%
$772,343
Cap Rate 9%
$600,711
Alternative Uses
Best Use
Apartment 5plus
$772.3K
$675.8K – $901.1K
NOI $54,064 @ 7.0% cap · market cap 6.77%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.29M
$1.13M – $1.51M
NOI $90,620 @ 7.0% cap · market cap 11.34%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
6
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
451
Businesses Nearby
Explore this area
Business Placement
Demographics for 47404, IN
23,799
Population
12,101
Households
2
Avg Household Size
33
Median Age
43%
College-Educated
95%
High-School Grad
52.6 sq mi
ZIP Area
452
Density / Sq Mi
$54,674
Median Household Income
$36,725
Median Earnings
$1,159
Median Rent
$243,500
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Apartment building - Three duplex buildings provide six three-bedroom units with individual carports on Bloomington’s west side.
Where is this apartment building located?
The property is located at 100-106 S Yancy Ln Bloomington, IN.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Six 3‑bedroom, 1‑bath apartment units across three duplex buildings; 6,624 square feet on 1.07 acres; One‑car carport included with each unit
