3-Unit
For Sale
$350,000
1310 N Maple Street, Bloomington, IN 47404
Three separate residences offer a mix of leased and vacant occupancy across the property.
Property Size2,408 SF
Price / SF$145.35
Days on Market15
Property Features for 1310 N Maple Street
General Information
Standard status
Active
Size
2,408 SF
Property subtype
Multi-Family
Units
Unit Mix
1 x 2BR/1BA, 1 x 1BR/1BA, 1 x 2BR+loft/1BA
Multifamily Units
3
Building Details
Year Built
1950
Listing Agency:
Phil St. Clair, St. Clair Real Estate LLC
Listed By:
Patton Hall
(574) 267-7501
Source:
Pattonhall
Added: Sep 22
Changed: Oct 4
Last Checked: Oct 4 at 8:48AM
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 Phil St. Clair, St. Clair Real Estate LLC
Investment Insights
Based on property information with market context.
This 2,408-square-foot triplex, built in 1950, contains three separate residential units. Unit One offers two bedrooms and one bathroom with a front-facing entrance. Unit Two includes one bedroom and one bathroom and is accessed from the north-facing side of the building. A freestanding third residence provides two bedrooms, a loft, and one bathroom.
Occupancy is mixed across the property. Unit One is leased through Summer 2027, while Unit Two is occupied under a month-to-month lease. Unit Three is currently vacant. The property is located at 1310 N Maple Street in Bloomington, Indiana.
Occupancy is mixed across the property. Unit One is leased through Summer 2027, while Unit Two is occupied under a month-to-month lease. Unit Three is currently vacant. The property is located at 1310 N Maple Street in Bloomington, Indiana.
Key Highlights
- Three‑unit triplex with 2,408 square feet
- Unit mix includes two 2‑bedroom units and one 1‑bedroom unit
- Unit Three is freestanding and includes a loft
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,641
Cap Rate
6.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$432,820
$432.8K
Cap Rate 7%
$309,157
$309.2K
Cap Rate 9%
$240,456
$240.5K
Market Conditions
NOI Build-Up for 2,408 SF
Gross rent
$32.7K $13.56/SF
− Vacancy
−$1.7K −$0.72/SF
EGI
$30.9K $12.84/SF
− OpEx
−$9.3K −$3.85/SF
NOI
$21.6K $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%
$432,820
Cap Rate 7%
$309,157
Cap Rate 9%
$240,456
Alternative Uses
Best Use
Multifamily LT 5
$309.2K
$270.5K – $360.7K
NOI $21,641 @ 7.0% cap · market cap 6.18%
Second Best
Apartment 5plus
$280.8K
$245.7K – $327.6K
NOI $19,654 @ 7.0% cap · market cap 5.62%
Theoretical Best
Office A
$470.6K
$411.8K – $549.1K
NOI $32,943 @ 7.0% cap · market cap 9.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
843
Businesses Nearby
Explore this area
Business Placement
Demographics for 47404, IN
23,799
Population
12,101
Households
2
Avg Household Size
33
Median Age
43%
College-Educated
95%
High-School Grad
52.6 sq mi
ZIP Area
452
Density / Sq Mi
$54,674
Median Household Income
$36,725
Median Earnings
$1,159
Median Rent
$243,500
Median Home Value
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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?
Triplex - Three separate residences offer a mix of leased and vacant occupancy across the property.
Where is this triplex located?
The property is located at 1310 N Maple Street Bloomington, IN.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Three‑unit triplex with 2,408 square feet; Unit mix includes two 2‑bedroom units and one 1‑bedroom unit; Unit Three is freestanding and includes a loft
