New Construction
New
For Sale
$679,000
Pending
1118 & 1120 N Woodburn Avenue, Bloomington, IN 47404
MULTI_FAMILY - Bloomington, IN
Property Size2,398 SF
Lot Size0.11 Acres
Days on Market2
Property Features for 1118 & 1120 N Woodburn Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Property condition
Under Construction
Bedrooms
6
Bathrooms
6
Full bathrooms
6
Rooms
Bedroom 2, Bedroom 4, Bathroom 6, Bathroom 1, Bathroom 4, Bathroom 2, Bedroom 3, Bathroom 3, Bathroom 5, Bedroom 5, Bedroom 6, Bedroom 1
Parking
3
Lot features
Near College Campus, Level
Elementary school
Fairview
Middle school
Tri-North
High school
Bloomington North
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
Pending
APN
53-05-33-204-151.000-005
Size
2,398 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
013-44091-00 Woodburn Avenue Subdivision Secondary Plat Lot 4
Tax Annual Amount
1400
Legal Description
013-44091-00 Woodburn Avenue Subdivision Secondary Plat Lot 4
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: Aug 4
Last Checked: Aug 5 at 4:06PM
MLS# 202631515
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 duplex contains two separate two-story residences totaling 2,398 finished square feet. Each unit provides 1,199 finished square feet with three bedrooms and three full bathrooms. Interior features include commercial-grade LVP flooring, shaker-style cabinetry, quartz countertops, central air, and spray foam insulation. The building uses 2x6 construction and has a shingle roof.
The property is located at 1118 & 1120 N Woodburn Avenue in Bloomington, a few blocks from Indiana University Bloomington and IU Memorial Stadium. Three parking spaces are positioned behind the building for shared tenant use, while additional non-permitted street parking is available in front. Both units are leased for the 2026-2027 school year.
The property is located at 1118 & 1120 N Woodburn Avenue in Bloomington, a few blocks from Indiana University Bloomington and IU Memorial Stadium. Three parking spaces are positioned behind the building for shared tenant use, while additional non-permitted street parking is available in front. Both units are leased for the 2026-2027 school year.
Key Highlights
- 2,398 finished square feet across two two‑story units
- Each residence includes 3 bedrooms, 3 full bathrooms, and 1,199 finished square feet
- Fully leased for the 2026‑2027 school year
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 | $32.5k | $13.56 |
| − Vacancy | −$1.7k | −$0.72 |
| EGI | $30.8k | $12.84 |
| − OpEx | −$9.2k | −$3.85 |
| NOI | $21.6k | $8.99 |
2,398 SF · lease $13.56/SF/yr · vacancy 5.32% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$307.9K
$269.4K – $359.2K
NOI $21,551 @ 7.0% cap · market cap 3.17%
Second Best
Apartment 5plus
$279.6K
$244.7K – $326.2K
NOI $19,572 @ 7.0% cap · market cap 2.88%
Theoretical Best
Office A
$468.7K
$410.1K – $546.8K
NOI $32,806 @ 7.0% cap · market cap 4.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,130
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two three-bedroom units near Indiana University Bloomington and IU Memorial Stadium, with tenant leases in place for the 2026-2027 school year.
Where is this duplex located?
The property is located at 1118 & 1120 N Woodburn Avenue Bloomington, IN.
What is the asking price?
The asking price for this property is $679,000.
What are key features of this property?
This property features: 2,398 finished square feet across two two‑story units; Each residence includes 3 bedrooms, 3 full bathrooms, and 1,199 finished square feet; Fully leased for the 2026‑2027 school year
