Downtown Mixed-Use Apartment
126 E 6Th Street Bloomington, IN 47408
126 E 6Th Street, Bloomington, IN, 47408
$4,250,000
For Sale
$4,250,000
MULTI_FAMILY - Bloomington, IN
Property Size16,619 SF
Lot Size0.14 Acres
Price / SF$255.73
Days on Market353
Property Features for 126 E 6Th Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 28
- Bathrooms
- 31
- Rooms
- Bedroom 15, Bedroom 23, Bathroom 27, Bathroom 8, Bedroom 17, Bathroom 20, Bathroom 11, Bathroom 10, Bathroom 1, Bedroom 25, Bedroom 19, Bathroom 19, Bathroom 18, Bedroom 10, Bathroom 25, Bathroom 31, Bathroom 26, Bedroom 20, Bathroom 29, Bedroom 13, Bedroom 16, Bathroom 22, Bathroom 21, Bedroom 28, Bathroom 14, Bathroom 30, Bedroom 3, Bedroom 26, Bedroom 6, Bedroom 27, Bathroom 24, Bathroom 3, Bathroom 13, Bedroom 22, Bedroom 14, Bathroom 15, Bedroom 24, Bathroom 5, Bedroom 7, Bathroom 16, Bedroom 1, Bathroom 28, Bedroom 4, Bathroom 12, Bedroom 9, Bedroom 8, Bedroom 12, Bedroom 21, Bathroom 6, Bedroom 2, Bedroom 18, Bathroom 4, Bathroom 7, Bathroom 9, Bedroom 11, Bathroom 23, Bathroom 2, Bedroom 5, Bathroom 17
- Standard status
- Active
- APN
- 53-05-33-310-137.000-005
- Size
- 16,619 SF
- Lot size
- 0.14 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Description
- ORIGINAL PLAT PT LOT 189 THE SMITH HOUSE
- Tax Annual Amount
- 18808
Utilities
- Cooling system
- Central Air
Building Details
- Year built
- 1982
- Number of units
- 19
- Architectural style
- Other
Listing Agency
Brawley Real Estate
(844) 254-7368
3802 E Third Street, Bloomington, IN
Listed by
Jeff Brawley · License #RB14041028
(812) 327-5331
Added: Jul 31, 2025 Checked: Jul 18 at 5:06 am
MLS# 202530202
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.
126 E 6th Street is a mixed-use apartment building in Bloomington, Indiana, offering 19 units within 16,619 square feet. The property is situated on a 0.14-acre lot and is presented with a total market rent of $35,000 per month across the unit mix.
The building’s setting places it in the downtown area, just steps from Kirkwood Avenue, the Bloomington Square, and Indiana University’s campus. This location supports tenant convenience and walkable access to major daily destinations.
For buyers seeking a downtown residential income asset, this configuration provides a multi-unit structure with consolidated rent reporting. With 19 units in place and downtown proximity to campus and central amenities, the property may appeal to investors and operators looking for an established unit count in a location oriented toward renters who value walk-to convenience.
The building’s setting places it in the downtown area, just steps from Kirkwood Avenue, the Bloomington Square, and Indiana University’s campus. This location supports tenant convenience and walkable access to major daily destinations.
For buyers seeking a downtown residential income asset, this configuration provides a multi-unit structure with consolidated rent reporting. With 19 units in place and downtown proximity to campus and central amenities, the property may appeal to investors and operators looking for an established unit count in a location oriented toward renters who value walk-to convenience.
Key Highlights
- High‑performing mixed‑use building in downtown Bloomington just steps from Kirkwood Avenue, Bloomington Square, and IU campus
- 19 total units with a total market rent of $35,000 per month
- Year built: 1982
Local Financial Insights For Apartment 5plus
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 | $261.3k | $15.72 |
| − Vacancy | −$14.6k | −$0.88 |
| EGI | $246.6k | $14.84 |
| − OpEx | −$111.0k | −$6.68 |
| NOI | $135.6k | $8.16 |
16,619 SF · lease $15.72/SF/yr · vacancy 5.60% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.94M
$1.70M – $2.26M
NOI $135,641 @ 7.0% cap · market cap 3.19%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.25M
$2.84M – $3.79M
NOI $227,357 @ 7.0% cap · market cap 5.35%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - 19-unit mixed-use building near IU campus with $35,000 monthly market rent.
Where is this apartment building located?
The property is located at 126 E 6Th Street Bloomington, IN.
What is the asking price?
The asking price for this property is $4,250,000.
What are key features of this property?
This property features: High‑performing mixed‑use building in downtown Bloomington just steps from Kirkwood Avenue, Bloomington Square, and IU campus; 19 total units with a total market rent of $35,000 per month; Year built: 1982
