Stapleton Townhomes: 20-Unit
For Sale
Contact for pricing
1136 W 17th St, Bloomington, IN 47404
20-unit townhome community near Indiana University with recent upgrades.
Property SizeContact for details
Days on Market174
Property Features for 1136 W 17th St
General Information
Standard status
Active
Class
B
Property subtype
Multifamily
Building Details
Units
20
Listing Agency:
Marcus & Millichap - Indianapolis
Listed By:
Aaron Kuroiwa · License #IN RB17000780
Source:
Crexi
Added: Feb 19
Changed: Aug 8
Last Checked: Aug 8 at 6:23AM
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 Marcus & Millichap - Indianapolis
Investment Insights
Based on property information with market context.
Stapleton Townhomes, located at 1136 W 17th Street in Bloomington, Indiana, is a 20-unit, 65-bed townhome community. Its location provides residents with access to Indiana University’s academic, athletic, and entertainment areas. During the winter, the property's proximity to Memorial Stadium, a stop for all IU bus routes, offers convenient access for students commuting to class. Significant capital improvements totaling approximately $38,400 per unit have been made to the property. Interior upgrades accounted for $35,000 of the investment per unit, delivering updated interiors, modernized finishes, and enhanced appeal. An additional $106,000 was allocated to a property sign, patio reconstruction, HVACs, parking lot resealing and restriping, security cameras, tree trimming, and exterior paint. These improvements are intended to reduce near-term capital risk while supporting continued rental growth and long-term competitiveness. The property offers an opportunity to acquire renovated, walkable student housing.
Key Highlights
- Significant capital improvements of $38,400 per unit, including $35,000 in interior upgrades, reducing near‑term capital risk.
- Prime location with immediate access to Indiana University's academic, athletic, and entertainment areas.**
- Stabilized operations and renovated units offering modernized finishes and enhanced appeal.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
263
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?
Apartment building - 20-unit townhome community near Indiana University with recent upgrades.
Where is this apartment building located?
The property is located at 1136 W 17th St Bloomington, IN.
What is the asking price?
The asking price for this property is $4,250,000.
What are key features of this property?
This property features: Significant capital improvements of $38,400 per unit, including **$35,000 in interior upgrades, reducing near‑term capital risk.**; Prime location with immediate access to Indiana University's academic, athletic, and entertainment areas.**; Stabilized operations and renovated units offering modernized finishes and enhanced appeal.
