Arts & Crafts
For Sale
$399,900
1231-1233 E Tylers Turn, Bloomington, IN 47401
Townhome-style units offer three bedrooms and two baths per side in a quiet cul-de-sac setting.
Property Size2,440 SF
Price / SF$163.89
Days on Market90
Property Features for 1231-1233 E Tylers Turn
General Information
Standard status
Active
Size
2,440 SF
Property subtype
Multi-Family
Building Details
Year Built
1992
Listing Agency:
RE/MAX Acclaimed Properties
Listed By:
Gigi Larmour-Goldin · License #RB14005167
(812) 327-5608
Source:
Spencerchildersgroup
Added: Jul 19
Changed: Oct 9
Last Checked: Oct 16 at 10:30AM
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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Investment Insights
Based on property information with market context.
Built in 1992, this 2,440-square-foot duplex pairs two townhome-style residences under one property. Each side includes three bedrooms and two baths, creating a consistent six-bedroom, four-bathroom configuration across the building. The Arts & Crafts design and quiet cul-de-sac setting add character and separation from through traffic.
The property is near Indiana University, Bloomington Parks & Trails, Winslow Sports Complex, the YMCA, downtown Bloomington, eastside shopping, and I-69. One of two adjacent duplexes available, it may be acquired alongside the neighboring property identified as MLS 202607561. The layout supports either continued rental use or an owner-occupant arrangement with one residence available for rental income.
The property is near Indiana University, Bloomington Parks & Trails, Winslow Sports Complex, the YMCA, downtown Bloomington, eastside shopping, and I-69. One of two adjacent duplexes available, it may be acquired alongside the neighboring property identified as MLS 202607561. The layout supports either continued rental use or an owner-occupant arrangement with one residence available for rental income.
Key Highlights
- 2,440‑square‑foot duplex built in 1992
- Two townhome‑style units, each with 3 bedrooms and 2 baths
- Arts & Crafts design on a quiet cul‑de‑sac
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,928
Cap Rate
5.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$438,560
$438.6K
Cap Rate 7%
$313,257
$313.3K
Cap Rate 9%
$243,644
$243.6K
Market Conditions
NOI Build-Up for 2,440 SF
Gross rent
$33.1K $13.56/SF
− Vacancy
−$1.8K −$0.72/SF
EGI
$31.3K $12.84/SF
− OpEx
−$9.4K −$3.85/SF
NOI
$21.9K $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%
$438,560
Cap Rate 7%
$313,257
Cap Rate 9%
$243,644
Alternative Uses
Best Use
Multifamily LT 5
$313.3K
$274.1K – $365.5K
NOI $21,928 @ 7.0% cap · market cap 5.48%
Second Best
Apartment 5plus
$284.5K
$248.9K – $331.9K
NOI $19,915 @ 7.0% cap · market cap 4.98%
Theoretical Best
Office A
$476.9K
$417.3K – $556.4K
NOI $33,381 @ 7.0% cap · market cap 8.35%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
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
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Townhome-style units offer three bedrooms and two baths per side in a quiet cul-de-sac setting.
Where is this duplex located?
The property is located at 1231-1233 E Tylers Turn Bloomington, IN.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: 2,440‑square‑foot duplex built in 1992; Two townhome‑style units, each with 3 bedrooms and 2 baths; Arts & Crafts design on a quiet cul‑de‑sac
