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    Arts & Crafts Duplex with Townhome Layout Title is generated by Realmo AI

    1231-1233 E Tylers Turn, Bloomington, IN 47401

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    Claim this Listing
    For Sale
    $399,900

    Duplex - Bloomington, IN

    Type:Duplex
    Property size:
    2,440 SF
    Lot size:
    0.27 Acres
    Price / SF:
    $163/SF
    Added:
    Mar 9, 2026
    Days on Market:
    98
    Last Refresh:
    Jun 14 at 2:06 am

    Property Features for 1231-1233 E Tylers Turn

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Duplex
    Bedrooms
    6
    Bathrooms
    4
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Laundry
    Parking features
    Off Street
    Patio and Porch features
    Porch
    EntryLevel
    Combined
    Exterior features
    Off Street Parking, Near Walking Trail, Open Floor Plan, Porch Covered, None
    Appliances
    Dishwasher, Range, Washer
    Standard status
    Active
    APN
    53-08-10-209-006.000-009
    Size
    2,440 SF
    Lot size
    0.27 Acres

    Taxes and HOA fees

    Expense value
    200
    Expense
    Home Owner Assessments Fee
    Expense freq.
    Quarterly

    Utilities

    Heating system
    Forced Air, Natural Gas
    Cooling system
    Central Air

    Building Details

    Floors in Building
    2
    Number of units
    2
    Architectural style
    Other

    We can help!

    Listing Contact
    Gigi Larmour-Goldin

    Listing agent Gigi Larmour-Goldin License #RB14005167

    Listing office RE/MAX Acclaimed Properties 3695 S Sare Rd., Bloomington, IN

    Listing date Mar 9, 2026

    MLS# 202607560 Listing URL

    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.

    HighLights

    • Arts & Crafts style duplex with townhome‑style units, 3 bedrooms and 2 bathrooms per side
    • Convenient southside location just minutes from Indiana University
    • Open floor plan plus covered porch
    • Central air and forced‑air heating with natural gas
    • Off‑street parking and near a walking trail
    • Includes dishwasher, range, and washer; one of two adjacent duplexes available (MLS 202607561)

    Overview

    This Arts & Crafts style duplex includes townhome-style units with three bedrooms and two bathrooms per side. The property is configured as a two-unit rental arrangement, providing the option for an owner-occupant to live in one unit while renting the other. The site is described as being on a quiet cul-de-sac.

    Located in Bloomington, Indiana in Monroe County, the property is listed as being just minutes from Indiana University. It is also described as convenient to Bloomington parks and trails, Winslow Sports Complex, the YMCA, downtown Bloomington, eastside shopping, and I-69, supporting a range of tenant demand for both school- and community-oriented needs.

    The duplex format can fit buyers looking for a straightforward two-unit income property with a consistent unit layout across both sides. It is also offered as one of two adjacent duplexes available, allowing consideration of a side-by-side ownership strategy if desired.

    Local 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 $33.1k $13.56
    − Vacancy −$1.8k −$0.72
    EGI $31.3k $12.84
    − OpEx −$9.4k −$3.85
    NOI $21.9k $8.99
    2,440 SF · lease $13.56/SF/yr · vacancy 5.32% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $313.3K
    $274.1K – $365.5K (±1% cap)
    NOI $21,928 @ 7.0% cap · market cap 5.48%
    Second Best
    Apartment 5plus
    $284.5K
    $248.9K – $331.9K (±1% cap)
    NOI $19,915 @ 7.0% cap · market cap 4.98%
    Theoretical Best
    Office A
    $476.9K
    $417.3K – $556.4K (±1% cap)
    NOI $33,381 @ 7.0% cap · market cap 8.35%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Bloomington
    County
    Monroe
    State
    Indiana
    Longitude
    -86.516084
    Latitude
    39.145576

    FAQs

    What type of property is this?
    Duplex - Two townhome-style units each offer three bedrooms and two baths, suited for investors or owner-occupants.
    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: Arts & Crafts style duplex with townhome‑style units, 3 bedrooms and 2 bathrooms per side; Convenient southside location just minutes from Indiana University; Open floor plan plus covered porch
    More about this property
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