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24-Unit Apartment Building with Balconies
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1533 Arbors Lane, Bloomington, IN 47401

Multifamily property with spacious two- and three-bedroom units, fireplaces, patios or balconies, and washer and dryer connections.

Property Size30,480 SF
Days on Market49

Property Features for 1533 Arbors Lane

General Information

Standard status Active
Size 30,480 SF
Property subtype Multifamily

Units

Unit Mix 12 x 2bd/1bth, 6 x 2br/1bth, 6 x 3br/2br
Multifamily Units 24

Amenities

patio or balcony
nicely equipped kitchen
fireplace
washer and dryer connections

Building Details

Year Built 1996
Units 24
Listing Agency: XMARK Midwest
Listed By: Carter Piper · License #RB24000949
Source: Crexi
Added: Jul 15 Changed: Aug 31 Last Checked: Aug 31 at 11:12PM

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 XMARK Midwest

Investment Insights

Based on property information with market context.

This 24-unit apartment property contains 30,480 square feet and offers a mix of 18 two-bedroom units and 6 three-bedroom units. Individual residences range from 1,190 to 1,450 square feet, with large living areas, fireplaces, kitchens, patios or balconies, and washer and dryer connections.

Recent capital work has focused on the building exterior and mechanical systems. Over the last two years, ownership completed 13 full HVAC system replacements and 7 major component replacements, along with landscaping improvements and tree removal. The property is located on the southeast side of Bloomington at 1533 Arbors Lane.

Key Highlights

  • 24‑unit apartment property with 30,480 square feet
  • Unit mix includes 18 two‑bedroom units and 6 three‑bedroom units
  • Individual units range from 1,190 to 1,450 square feet

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Law Firm Building Supply Auto Repair Shop Auto Parts Store Big Box & Wholesale Store Hair Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

24
Residential units

Location Intelligence

Trade Area within ½ mile

317
Businesses Nearby

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

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Multifamily property with spacious two- and three-bedroom units, fireplaces, patios or balconies, and washer and dryer connections.
Where is this apartment building located?
The property is located at 1533 Arbors Lane Bloomington, IN.
What are key features of this property?
This property features: 24‑unit apartment property with 30,480 square feet; Unit mix includes 18 two‑bedroom units and 6 three‑bedroom units; Individual units range from 1,190 to 1,450 square feet
More about this property
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