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Triplex with Renovated Units

311-321 S Muller Parkway, Bloomington, IN 47403

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For Sale

$395,000

Ranch, Triplex - Bloomington, IN

Type:Triplex

Property size:

2,664 SF

Lot size:

0.26 Acres

Price / SF:

$148/SF

HighLights

Three single‑family homes on one lot.
Unit 311: 4‑bedroom, 2‑full bath unit.
Units 317 and 321: each 2‑bedroom, 1‑full bath units.
Units 311 and 321 have been renovated.
Off‑street parking is available.
Central air conditioning is present.

We can help!

Contact an agent

Brian Thompson

For Sale

$395,000

Ranch, Triplex - Bloomington, IN

Type:Triplex

Property size:

2,664 SF

Lot size:

0.26 Acres

Price / SF:

$148/SF

Added:: Mar 17, 2026
Days on Market:: 103
Last Refresh:: Jun 27 at 6:06 am

Property Features for 311-321 S Muller Parkway

General Information

Property type: Residential Multi Family
Property subtype: Triplex
Bedrooms: 8
Bathrooms: 4
Rooms: Basement, Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Laundry
Parking features: Off Street
EntryLevel: Main
Exterior features: Off Street Parking, Breakfast Bar, Countertops-solid Surf, Detector-smoke, Eat-in Kitchen, Open Floor Plan, Water Heater Gas, None
Basement Y/N: 1
Appliances: Dishwasher, Dryer, Garbage Disposer, Range, Washer
Standard status: Active
APN: 53-08-06-100-051.000-009
Size: 2,664 SF
Lot size: 0.26 Acres

Utilities

Heating system: Forced Air, Natural Gas
Cooling system: Central Air

Building Details

Floors in Building: 1
Number of units: 3
Flooring type: Carpet, Laminate
Architectural style: Ranch

We can help!

Contact an agent

Brian Thompson

Listing agent Brian Thompson License #RB14030854

Listing office FC Tucker/Bloomington REALTORS 487 S Clarizz Blvd, Bloomington, IN

Listing date Mar 17, 2026

MLS# 202608698 Listing URL

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

Three single‑family homes on one lot.
Unit 311: 4‑bedroom, 2‑full bath unit.
Units 317 and 321: each 2‑bedroom, 1‑full bath units.
Units 311 and 321 have been renovated.
Off‑street parking is available.
Central air conditioning is present.

Overview

This property features three single-family homes situated on a single lot. Unit 311 includes 4 bedrooms and 2 full bathrooms. Units 317 and 321 each offer 2 bedrooms and 1 full bathroom. Units 311 and 321 have been renovated, and photos of these units are available. The property is located in Bloomington, Indiana. The lot size is 0.26 acres, and the total property size is 2664 square feet. Until May of 2026, all units were rented. Unit 317 recently became vacant.

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$36.1k	$13.56
− Vacancy	−$1.9k	−$0.72
EGI	$34.2k	$12.84
− OpEx	−$10.3k	−$3.85
NOI	$23.9k	$8.99

2,664 SF · lease $13.56/SF/yr · vacancy 5.32% · expense 30.00%

Alternative Uses

Best Use

Multifamily LT 5

$342.0K

$299.3K – $399.0K (±1% cap)

NOI $23,941 @ 7.0% cap · market cap 6.06%

Second Best

Apartment 5plus

$310.6K

$271.8K – $362.4K (±1% cap)

NOI $21,743 @ 7.0% cap · market cap 5.50%

Theoretical Best

Office A

$520.6K

$455.6K – $607.4K (±1% cap)

NOI $36,445 @ 7.0% cap · market cap 9.23%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

Triplexes

Suggested Use

Location Insight

Map
Local Demand

City: Bloomington
County: Monroe
State: Indiana
Longitude: -86.563062
Latitude: 39.163889

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For sale
Triplexes
IN
Bloomington
47403
311-321 S Muller Parkway

What type of property is this?

Triplex - Three single-family homes on one lot in Bloomington, Indiana.

Where is this triplex located?

The property is located at 311-321 S Muller Parkway Bloomington, IN.

What is the asking price?

The asking price for this property is $395,000.

What are key features of this property?

This property features: Three single‑family homes on one lot.; Unit 311: **4‑bedroom, 2‑full bath unit**.; Units 317 and 321: each 2‑bedroom, 1‑full bath units.

311-321 S Muller Parkway, Bloomington, IN 47403

Ranch, Triplex - Bloomington, IN

Property Features for 311-321 S Muller Parkway

General Information

Utilities

Building Details

We can help!

HighLights

Overview

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

Alternative Uses

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Multi-Revenue Entertainment Property on 2.82 Acres

Corner Office Building

Historic Schoolhouse with Business Potential

Historic Schoolhouse Near Indiana University

Restaurant/Bar with Commercial Kitchen

New Duplex Investment Opportunity

Bloomington Sixplex in Opportunity Zone

10-Bed Student Housing Duplex

Mixed-Use Retail and Office Property

Traditional Triplex With Extra Lot

Retail Building with Walkout Basement

Mixed-Use Property Near IU Stadium

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