Two-Unit Townhome-Style
New
For Sale
$375,000
1231 & 1233 E Tylers Turn, Bloomington, IN 47401
INVESTMENT, Townhouse, Bloomington, IN
Property Size2,440 SF
Lot Size0.27 Acres
Price / SF$153.69
Days on Market2
Property Features for 1231 & 1233 E Tylers Turn
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 1, Bathroom 2, Bedroom 6, Bedroom 3, Bathroom 3, Bedroom 5, Bedroom 2, Bedroom 4, Bedroom 1, Bathroom 4
Parking
4
Parking features
Off Street
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
2,440 SF
Lot size
0.27 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
015-58830-06 Huntington Renaissance Ph 1 Lot 6 AND 015-58830-05 Huntington Renaissance Ph 1 Lot 5
HOA Fee
$200 Quarterly
Legal Description
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
2
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 14 at 5:06AM
MLS# 202642494
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.
Built in 1992, this 2,440-square-foot duplex contains two townhome-style residences. Each side has three bedrooms and two bathrooms, with mixed flooring, central air conditioning, and off-street parking. The property occupies a 0.269-acre lot on a cul-de-sac.
The address is in Bloomington, Indiana. Nearby destinations identified include Bloomington Parks & Trails, Winslow Sports Complex, the YMCA, downtown, eastside shopping, and I-69. An adjacent duplex is also available.
The address is in Bloomington, Indiana. Nearby destinations identified include Bloomington Parks & Trails, Winslow Sports Complex, the YMCA, downtown, eastside shopping, and I-69. An adjacent duplex is also available.
Key Highlights
- Two townhome‑style units, each with 3 bedrooms and 2 bathrooms
- 2,440 square feet on a 0.269‑acre lot
- Built in 1992
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,928
Cap Rate
5.85%
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 5.85%
Second Best
Apartment 5plus
$284.5K
$248.9K – $331.9K
NOI $19,915 @ 7.0% cap · market cap 5.31%
Theoretical Best
Office A
$476.9K
$417.3K – $556.4K
NOI $33,381 @ 7.0% cap · market cap 8.90%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
2
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
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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?
Duplex - Each residence has three bedrooms, two bathrooms, central air, and off-street parking.
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 $375,000.
What are key features of this property?
This property features: Two townhome‑style units, each with 3 bedrooms and 2 bathrooms; 2,440 square feet on a 0.269‑acre lot; Built in 1992
