Four-Unit Townhome-Style
New
For Sale
$725,000
1230-1233 E Tylers Turn, Bloomington, IN 47401
INVESTMENT, Townhouse, Bloomington, IN
Property Size4,880 SF
Lot Size0.27 Acres
Price / SF$148.57
Days on Market3
Property Features for 1230-1233 E Tylers Turn
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
12
Bathrooms
8
Full bathrooms
8
Rooms
Bedroom 12, Bedroom 9, Bedroom 11, Bedroom 7, Bathroom 7, Bedroom 3, Bathroom 2, Bathroom 3, Bedroom 10, Bedroom 5, Bathroom 1, Bedroom 2, Bathroom 8, Bedroom 6, Bathroom 6, Bedroom 4, Bathroom 4, Bedroom 1, Bathroom 5, Bedroom 8
Parking
8
Parking features
Off Street
Fireplace
1
Subdivision
Southeast Bloomington City
Lot features
City/ Town/ Suburb, Cul-De-Sac
Elementary school
Templeton
Middle school
Jackson Creek
High school
Bloomington South
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
From Hillside Drive, turn South on Maxwell Street to Tylers Turn (right).
Standard status
Active
APN
53-08-10-209-006.000-009
Size
4,880 SF
Lot size
0.27 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
1230 & 1232 E Tylers Turn: 015-58830-03 Huntington Renaissance Ph 1 Lot 3 AND 015-58830-04 Huntington Renaissance Ph 1 Lot 4 1231 & 1233 E Tylers Turn: 015-58830-06 Huntington Renaissance Ph 1 Lot 6 AND 015-58830-05 Huntington Renaissance Ph 1 Lot 5
HOA Fee
$400 Quarterly
Legal Description
1230 & 1232 E Tylers Turn: 015-58830-03 Huntington Renaissance Ph 1 Lot 3 AND 015-58830-04 Huntington Renaissance Ph 1 Lot 4 1231 & 1233 E Tylers Turn: 015-58830-06 Huntington Renaissance Ph 1 Lot 6 AND 015-58830-05 Huntington Renaissance Ph 1 Lot 5
Utilities
Cooling system
Central Air
Building Details
Year built
1992
Number of units
4
Flooring type
Mixed
Architectural style
Other
Listing Agency:
RE/MAX Acclaimed Properties · RE/MAX International
(812) 332-3001
Listed By:
Gigi Larmour-Goldin · License #RB14005167
(812) 327-5608
Added: Oct 13
Last Checked: Oct 15 at 6:06AM
MLS# 202642488
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 4,880-square-foot residential property contains four townhome-style units on a 0.269-acre parcel. Built in 1992, the building has central air conditioning, off-street parking and a fireplace. Its layout provides a distinct residential configuration within the quadplex asset class.
The property sits on E Tylers Turn in Bloomington, on a cul-de-sac. Nearby destinations named for the area include Indiana University, Bloomington Parks & Trails, Winslow Sports Complex, the YMCA, downtown Bloomington, eastside shopping and I-69.
The property sits on E Tylers Turn in Bloomington, on a cul-de-sac. Nearby destinations named for the area include Indiana University, Bloomington Parks & Trails, Winslow Sports Complex, the YMCA, downtown Bloomington, eastside shopping and I-69.
Key Highlights
- Four townhome‑style units
- 4,880 square feet on a 0.269‑acre parcel
- Built in 1992
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,857
Cap Rate
6.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$877,140
$877.1K
Cap Rate 7%
$626,529
$626.5K
Cap Rate 9%
$487,300
$487.3K
Market Conditions
NOI Build-Up for 4,880 SF
Gross rent
$66.2K $13.56/SF
− Vacancy
−$3.5K −$0.72/SF
EGI
$62.7K $12.84/SF
− OpEx
−$18.8K −$3.85/SF
NOI
$43.9K $8.99/SF
Area
Monroe County, IN
Vacancy
5.32%
Lease Rate
$13.56 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$877,140
Cap Rate 7%
$626,529
Cap Rate 9%
$487,300
Alternative Uses
Best Use
Multifamily LT 5
$626.5K
$548.2K – $731.0K
NOI $43,857 @ 7.0% cap · market cap 6.05%
Second Best
Apartment 5plus
$569.0K
$497.9K – $663.8K
NOI $39,830 @ 7.0% cap · market cap 5.49%
Theoretical Best
Office A
$953.7K
$834.5K – $1.11M
NOI $66,761 @ 7.0% cap · market cap 9.21%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
4
Residential units
Yes
Highway access
Yes
Paved road 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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Quadplex - Built in 1992, the property includes central air conditioning, off-street parking and a fireplace.
Where is this quadplex 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; 4,880 square feet on a 0.269‑acre parcel; Built in 1992
