3022 N Smith Pike Street, Bloomington, IN 47404
MULTI_FAMILY - Bloomington, IN
- Added:
- Mar 10, 2025
- Days on Market:
- 482
- Last Refresh:
- Jul 4 at 5:06 pm
Property Features for 3022 N Smith Pike Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 6
- Bathrooms
- 4
- Rooms
- Bathroom 1, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Bedroom 6, Bathroom 3, Bathroom 2, Bathroom 4, Basement
- Parking
- 4
- Standard status
- Active
- APN
- 53-04-24-101-036.000-011
- Size
- 2,310 SF
- Lot size
- 5.00 Acres
Taxes and HOA fees
- Tax Year
- 2003
- Tax Description
- King and Stanger Baby Farms Lot 24
Utilities
- Cooling system
- Central Air
Building Details
- Year built
- 1950
- Floors in Building
- 1
- Number of units
- 2
- Flooring type
- Vinyl, Wood
- Architectural style
- Other
Listing agent Curt Hayes License #RB14013053 (812) 325-2175
Listing office Hayes Realty, Inc 5665 W St Rd 46, Bloomington, IN (812) 876-4461
Listing date Mar 10, 2025
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.
HighLights
- Six bedrooms and four bathrooms total
- Central air cooling
- Wood and vinyl flooring
- Built in 1950
- Includes a basement
Overview
Located at 3022 N Smith Pike Street in Bloomington, Indiana 47404, the offering is in Monroe County. The address provides straightforward identification for buyers and brokers, and the acreage gives the property scale beyond a standard small-lot setup.
As a duplex-style residential income property, it may fit buyers seeking a smaller, manageable investment compared with larger multifamily holdings. Its 2,310-square-foot size and 5-acre parcel can also appeal to owner-operators or investors looking for a straightforward residential income strategy anchored by a defined building footprint and onsite land area. For prospective purchasers, confirming unit count, layout details, and any current or historical tenancy specifics would be an important next step during due diligence.
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 | $31.3k | $13.56 |
| − Vacancy | −$1.7k | −$0.72 |
| EGI | $29.7k | $12.84 |
| − OpEx | −$8.9k | −$3.85 |
| NOI | $20.8k | $8.99 |
Alternative Uses
Current Use by Public Records
Map
- City
- Bloomington
- County
- Monroe
- State
- Indiana
- Longitude
- -86.582707
- Latitude
- 39.202984
