One-Story Duplex with New
For Sale
$215,000
1612 N Willis Drive, Bloomington, IN 47404
INVESTMENT, One Story, Bloomington, IN
Property Size1,674 SF
Lot Size0.30 Acres
Price / SF$128.43
Days on Market50
Property Features for 1612 N Willis Drive
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Bathroom 2, Bathroom 1, Bedroom 4, Bedroom 2, Bedroom 1
Parking
2
Lot features
City/ Town/ Suburb, Partially Wooded, 0-2.9999
Elementary school
Arlington Heights
Middle school
Tri-North
High school
Bloomington North
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 the EB lane of SR 46, turn south (right) on N Monroe Street. Take N Monroe Street until you reach W Arlington Valley Drive and turn East (left). Proceed on Arlington Valley Drive until you reach N Willis Drive. Turn north (left), house on right
Subdivision
Monroe County
Standard status
Active
APN
53-05-29-400-035.000-005
Size
1,674 SF
Lot size
0.30 Acres
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Year
2025
Tax Description
013-17235-00 PT NW SE 29-9-1W .30A PLAT 350 ANNEXED 3-1-02 FROM 012-17235-00
Legal Description
013-17235-00 PT NW SE 29-9-1W .30A PLAT 350 ANNEXED 3-1-02 FROM 012-17235-00
Amenities
laundry hookups
Building Details
Year built
1964
Floors in Building
1
Number of units
2
Flooring type
Laminate, Carpet
Roof type
Asphalt
Architectural style
Ranch
Buildings
1
Listing Agency:
Real Broker, LLC
(855) 450-0442
Listed By:
Lawton Link · License #RB17000627
(317) 438-1003
Added: Sep 16
Changed: Oct 31
Last Checked: Nov 4 at 1:06AM
MLS# 202638398
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.
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Investment Insights
Based on property information with market context.
Located at 1612 N Willis Drive in Bloomington, this 1,674-square-foot duplex offers a one-story ranch layout with two residential units. Each unit includes two bedrooms and one bathroom, with separate entrances that provide direct access for occupants. Flooring includes laminate and carpet, and laundry hookups are available for both units. The property sits on a 0.3-acre lot and was built in 1964.
The duplex is partially occupied and positioned close to the IU Bloomington campus. Its asphalt roof is less than one year old, adding a recent improvement to the property’s physical condition.
The duplex is partially occupied and positioned close to the IU Bloomington campus. Its asphalt roof is less than one year old, adding a recent improvement to the property’s physical condition.
Key Highlights
- Two‑unit duplex with 1,674 SF of building area
- Each unit includes 2 bedrooms and 1 bathroom
- 0.3‑acre lot at 1612 N Willis Drive, Bloomington, IN 47404
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,044
Cap Rate
7.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$300,880
$300.9K
Cap Rate 7%
$214,914
$214.9K
Cap Rate 9%
$167,156
$167.2K
Market Conditions
NOI Build-Up for 1,674 SF
Gross rent
$22.7K $13.56/SF
− Vacancy
−$1.2K −$0.72/SF
EGI
$21.5K $12.84/SF
− OpEx
−$6.4K −$3.85/SF
NOI
$15.0K $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%
$300,880
Cap Rate 7%
$214,914
Cap Rate 9%
$167,156
Alternative Uses
Best Use
Multifamily LT 5
$214.9K
$188.1K – $250.7K
NOI $15,044 @ 7.0% cap · market cap 7.00%
Second Best
Apartment 5plus
$195.2K
$170.8K – $227.7K
NOI $13,663 @ 7.0% cap · market cap 6.35%
Theoretical Best
Office A
$327.2K
$286.3K – $381.7K
NOI $22,901 @ 7.0% cap · market cap 10.65%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
485
Businesses Nearby
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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
Frequently Asked Questions
What type of property is this?
Duplex - Partially occupied Bloomington duplex near the IU Bloomington campus with separate entrances and laundry hookups for both units.
Where is this duplex located?
The property is located at 1612 N Willis Drive Bloomington, IN.
What is the asking price?
The asking price for this property is $215,000.
What are key features of this property?
This property features: Two‑unit duplex with 1,674 SF of building area; Each unit includes 2 bedrooms and 1 bathroom; 0.3‑acre lot at 1612 N Willis Drive, Bloomington, IN 47404
