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Two Fully Leased Apartment Buildings

1000 & 1002 E Atwater Avenue, Bloomington, IN 47401

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For Sale

$2,600,000

COMMERCIAL - Bloomington, IN

Lot size:

0.20 Acres

HighLights

Two fully leased buildings at 1000 & 1002 E Atwater Avenue (combined 21 rooms)
Monthly rent $20,475, increasing to $21,840 in August 2025
Leases secured through July 2026
Central air cooling, with mixed flooring throughout
Off‑street parking available
Shingle roof; year built 1920

We can help!

Contact an agent

Jeff Brawley

For Sale

$2,600,000

COMMERCIAL - Bloomington, IN

Lot size:

0.20 Acres

Added:: Oct 25, 2024
Days on Market:: 619
Last Refresh:: Jul 5 at 1:06 am

Property Features for 1000 & 1002 E Atwater Avenue

General Information

Property type: Commercial Sale
Property subtype: Other
Rooms: Basement
Parking features: Off Street
Standard status: Active
APN: 53-08-04-102-032.000-009
Lot size: 0.20 Acres

Taxes and HOA fees

Tax Year: 2024
Tax Description: ELM HEIGHTS LOT 24
Tax Annual Amount: 27949

Utilities

Cooling system: Central Air

Building Details

Year built: 1920
Flooring type: Mixed
Roof type: Shingle

We can help!

Contact an agent

Jeff Brawley

Listing agent Jeff Brawley License #RB14041028

Listing office Brawley Real Estate 3802 E Third Street, Bloomington, IN

Listing date Oct 25, 2024

MLS# 202441429

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

Two fully leased buildings at 1000 & 1002 E Atwater Avenue (combined 21 rooms)
Monthly rent $20,475, increasing to $21,840 in August 2025
Leases secured through July 2026
Central air cooling, with mixed flooring throughout
Off‑street parking available
Shingle roof; year built 1920

Overview

1000 & 1002 E Atwater Avenue includes two separate apartment buildings offered together as a leased investment property. The combined configuration totals 21 rooms across both buildings, with all space currently leased. Reported gross monthly rent is $20,475, with an increase to $21,840 in August 2025. Leases are secured through July 2026.

The property is positioned close to Indiana University campus. An off-street parking setup is included, providing practical access and convenience for residents.

For investors or operators seeking a smaller, multi-building residential income asset, this offering provides current occupancy and fixed lease terms extending through July 2026. The combined building layout and established room count support straightforward management across the two addresses, while the included off-street parking helps accommodate resident needs. Potential buyers should review the existing leases and rent schedule directly as provided in the offering materials.

Property Profile Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Location Insight

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Local Demand

City: Bloomington
County: Monroe
State: Indiana
Longitude: -86.520607
Latitude: 39.162854

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For sale
Apartment buildings
IN
Bloomington
47401
1000 & 1002 E Atwater Avenue

What type of property is this?

Apartment building - Two apartment buildings near Indiana University with off-street parking and leases in place through July 2026.

Where is this apartment building located?

The property is located at 1000 & 1002 E Atwater Avenue Bloomington, IN.

What is the asking price?

The asking price for this property is $2,600,000.

What are key features of this property?

This property features: Two fully leased buildings at 1000 & 1002 E Atwater Avenue (combined 21 rooms); Monthly rent $20,475, increasing to $21,840 in August 2025; Leases secured through July 2026

1000 & 1002 E Atwater Avenue, Bloomington, IN 47401

COMMERCIAL - Bloomington, IN

Property Features for 1000 & 1002 E Atwater Avenue

General Information

Taxes and HOA fees

Utilities

Building Details

We can help!

HighLights

Overview

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Split-Level Office Schoolhouse

Four-Unit Residential Income Property

Three-Building Flex and Warehouse

Corner Reception Office Building

Office-Warehouse Flex Facility

Office and Retail Buildings with Parking

6-Unit Apartment Building with Garage

New Student Housing Duplex

Six-Unit Multifamily Building

Brand-New Duplex with Covered Porch

Multifamily Apartment Building

Flexible Mixed-Use Building

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