Four-Unit Multifamily
1230-1233 E Tylers Turn, Bloomington, IN 47401
For Sale
$725,000
Townhome-style residences near Indiana University offer a multi-bedroom layout and access to local amenities.
Property Size4,480 SF
Price / SF$161.83
Days on Market20
Property Features for 1230-1233 E Tylers Turn
General Information
Standard status
Size
Property subtype
Lease Term
Additional Details
Highway Access
Multifamily Units
Building Details
Building Size
Year Built
Buildings
Stories
Units
Construction
Listing Agency:
RE/MAX Acclaimed Properties
Listed By:
Gigi Larmour-Goldin · License #RB14005167
(812) 327-5608
Source:
Castleonerealty
Added: Oct 19
Changed: Oct 28
Last Checked: Nov 6 at 2:36AM
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 RE/MAX Acclaimed Properties
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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 1992 multifamily property contains four townhome-style residences within 4,480 square feet. Each unit has three bedrooms and two bathrooms. The property is located at 1230–1233 E Tylers Turn in Bloomington, on a cul-de-sac, and is one of two adjacent duplex properties identified as available for separate purchase.
Indiana University, Bloomington Parks & Trails, Winslow Sports Complex, the YMCA, downtown Bloomington, eastside shopping and I-69 are among the nearby destinations and routes. The four units are deeded separately, providing distinct ownership for each residence.
Indiana University, Bloomington Parks & Trails, Winslow Sports Complex, the YMCA, downtown Bloomington, eastside shopping and I-69 are among the nearby destinations and routes. The four units are deeded separately, providing distinct ownership for each residence.
Key Highlights
- Four townhome‑style units totaling 4,480 square feet
- Each residence has 3 bedrooms and 2 bathrooms
- Built in 1992
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,565
Cap Rate
5.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$731,300
$731.3K
Cap Rate 7%
$522,357
$522.4K
Cap Rate 9%
$406,278
$406.3K
Market Conditions
NOI Build-Up for 4,480 SF
Gross rent
$70.4K $15.72/SF
− Vacancy
−$3.9K −$0.88/SF
EGI
$66.5K $14.84/SF
− OpEx
−$29.9K −$6.68/SF
NOI
$36.6K $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%
$731,300
Cap Rate 7%
$522,357
Cap Rate 9%
$406,278
Alternative Uses
Best Use
Apartment 5plus
$522.4K
$457.1K – $609.4K
NOI $36,565 @ 7.0% cap · market cap 5.04%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$875.6K
$766.1K – $1.02M
NOI $61,289 @ 7.0% cap · market cap 8.45%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
4
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
193
Businesses Nearby
Explore this area
Business Placement
Demographics for 47401, IN
41,225
Population
21,162
Households
1.9
Avg Household Size
35
Median Age
62%
College-Educated
95%
High-School Grad
82.6 sq mi
ZIP Area
499
Density / Sq Mi
$65,643
Median Household Income
$34,279
Median Earnings
$1,181
Median Rent
$333,100
Median Home Value
Market
Average Price Trend$/SF for Multifamily properties in Bloomington, IN
Properties on Market for Multifamily properties in Bloomington
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Multifamily property - Townhome-style residences near Indiana University offer a multi-bedroom layout and access to local amenities.
Where is this multifamily property located?
The property is located at 1230-1233 E Tylers Turn Bloomington, IN.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: Four townhome‑style units totaling 4,480 square feet; Each residence has 3 bedrooms and 2 bathrooms; Built in 1992
