1136 W 17th St, Bloomington, IN 47404

Stapleton Townhomes, a 20-unit, 65-bed townhome community, is located at 1136 W 17th Street in Bloomington, Indiana, offering residents immediate access to Indiana University’s primary academic, athletic, and entertainment corridors. During the winter, the property benefits from its proximity to Memorial Stadium, where all IU bus routes stop, providing convenient access for students commuting to class. Significant capital improvements totaling approximately $38,400 per unit have been made to the property, with $35,000 invested towards interior upgrades. These upgrades deliver updated interiors, modernized finishes, and enhanced appeal relative to competing inventory. An additional $106,000 was spent on a property sign, patio reconstruction, HVACs, parking lot reseal & restripe, security cameras, tree trimming, and exterior paint. The improvements materially reduce near-term capital risk for incoming ownership while supporting continued rental growth and long-term competitiveness. The combination of stabilized operations, meaningful capital investment, and proximity to IU’s academic and athletic anchors creates a compelling opportunity to acquire renovated, walkable student housing in one of the Midwest’s most dynamic college markets. The football program has brought renewed national attention to the university, further elevating the institution’s brand visibility and reinforcing long-term demand fundamentals.