3-Bed Duplex with Attached
163-165 Willow Court Bloomington, IN 47401
163-165 Willow Court, Bloomington, IN, 47401
$369,900
For Sale
$369,900
Duplex offers 3-bed, 2.5-bath units on each side with attached garages, updated finishes, and leased income.
Property Size3,216 SF
Price / SF$115.02
Days on Market172
Property Features for 163-165 Willow Court
General Information
- Standard status
- Active
- Size
- 3,216 SF
- Property subtype
- Multi Family / Duplex
Building Details
- Year Built
- 1993
Listing agency
Stellar Realty Group
(812) 219-0845
Listed by
Zakary Szymanski · License #RB14036909
Source
Compass
Added: Jan 30 Updated: Jul 21 at 2:41PM Checked: Jul 21 at 2:41PM
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 Stellar Realty Group
Investment Insights
Based on property information with market context.
This duplex features two matching sides, each offering 3 bedrooms and 2.5 baths, including a private bath attached to the primary bedroom. Each unit includes an attached garage, with additional practical outdoor space including back yards. Finishes and some mechanicals have been updated in recent years. The property is fully leased and has annual gross income of $37,200 through March and June 2027.
Located at 163-165 Willow Court in Bloomington, IN, the building is about three miles to Indiana University and roughly half a mile to grocery. It also offers easy access to the B-Line and Clear Creek Trails, Switchyard Park, and highway 69.
For tenants, the layout emphasizes size and functionality, with covered parking and back-yard space as everyday conveniences.
Located at 163-165 Willow Court in Bloomington, IN, the building is about three miles to Indiana University and roughly half a mile to grocery. It also offers easy access to the B-Line and Clear Creek Trails, Switchyard Park, and highway 69.
For tenants, the layout emphasizes size and functionality, with covered parking and back-yard space as everyday conveniences.
Key Highlights
- Duplex built in 1993 with 3‑bed, 2.5‑bath units on each side (6 total bedrooms, 4 full and 2 half baths)
- Each unit includes attached garage plus open patio and off‑street parking
- Fully leased, with $37,200 in annual gross income through March and June 2027
Local Financial Insights For Multifamily LT 5
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 | $43.6k | $13.56 |
| − Vacancy | −$2.3k | −$0.72 |
| EGI | $41.3k | $12.84 |
| − OpEx | −$12.4k | −$3.85 |
| NOI | $28.9k | $8.99 |
3,216 SF · lease $13.56/SF/yr · vacancy 5.32% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$412.9K
$361.3K – $481.7K
NOI $28,902 @ 7.0% cap · market cap 7.81%
Second Best
Apartment 5plus
$375.0K
$328.1K – $437.5K
NOI $26,248 @ 7.0% cap · market cap 7.10%
Theoretical Best
Office A
$628.5K
$550.0K – $733.3K
NOI $43,997 @ 7.0% cap · market cap 11.89%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Duplex - Duplex offers 3-bed, 2.5-bath units on each side with attached garages, updated finishes, and leased income.
Where is this duplex located?
The property is located at 163-165 Willow Court Bloomington, IN.
What is the asking price?
The asking price for this property is $369,900.
What are key features of this property?
This property features: Duplex built in 1993 with 3‑bed, 2.5‑bath units on each side (6 total bedrooms, 4 full and 2 half baths); Each unit includes attached garage plus open patio and off‑street parking; Fully leased, with $37,200 in annual gross income through March and June 2027
