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6-Unit Townhouse Apartment Building
For Sale
$4,000,000

314 N Washington Street, Bloomington, IN 47404

INVESTMENT, Condo, Bloomington, IN

Property Size10,560 SF
Lot Size0.20 Acres
Price / SF$378.79
Days on Market88

Property Features for 314 N Washington Street

General Information

Property type Residential Multi Family
Property subtype Condominium
Bedrooms 13
Bathrooms 18
Full bathrooms 12
Half bathrooms 6
Rooms Bathroom 6, Bathroom 11, Bedroom 4, Bedroom 6, Bathroom 15, Bathroom 5, Bathroom 18, Bathroom 9, Bathroom 16, Bathroom 7, Bathroom 17, Bathroom 8, Bedroom 11, Bedroom 3, Bathroom 3, Bathroom 13, Bedroom 8, Bathroom 10, Bathroom 1, Bathroom 12, Bathroom 4, Bedroom 13, Bedroom 1, Bedroom 2, Bathroom 2, Bedroom 7, Bedroom 9, Bedroom 10, Bathroom 14, Bedroom 12, Bedroom 5
Parking 18
Parking features Off Street, Garage
Fireplace 1
Lot features City/ Town/ Suburb, Level
Elementary school Fairview
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 North take College S to 8th Street and turn left, turn R on Washington and property on your left.
Subdivision Monroe County
Standard status Active
APN 53-05-33-310-198.000-005
Size 10,560 SF
Lot size 0.20 Acres

Taxes and HOA fees

Tax Description 013-25560-00 Original Plat Lot 331
Tax Annual Amount 6400
Legal Description 013-25560-00 Original Plat Lot 331

Utilities

Cooling system Central Air

Building Details

Year built 1997
Number of units 6
Flooring type Carpet, Laminate
Roof type Shingle
Architectural style Other
Listing Agency: FC Tucker/Bloomington REALTORS
Listed By: Kerry Feigenbaum · License #RB17000572
Added: Jul 1 Changed: Sep 12 Last Checked: Sep 26 at 8:06AM
MLS# 202626061

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.

Investment Insights

Based on property information with market context.

Built in 1997, this 10,560-square-foot apartment property contains six two-story townhouse-style residences originally created as individual condominium units. The layouts include generously sized rooms, a private bathroom for each bedroom, an additional half bath on the main level, and dedicated storage. Each residence also includes three garage parking spaces. Central air, carpet and laminate flooring, shingle roofing, and fireplaces are among the property’s existing features.

Located at 314 N Washington Street in Bloomington, the property is positioned in the downtown area and near the IU campus. The units are currently operated as student apartment rentals, with all six leased for the 26-27 school year. The site encompasses 0.2 acres and includes both garage and off-street parking.

Key Highlights

  • 6‑unit apartment property totaling 10,560 square feet
  • Each residence is a 2‑story townhouse with a private bath for every bedroom
  • Three garage parking spaces are provided for each townhouse

Property Analytics

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Current Use

Apartment buildings

Suggested Use

Top Pick Electrical Service Locksmith Plumbing Service Veterinary Clinic Butcher (Bike/Boat/Book/etc) Store

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

6
Residential units
100%
Occupancy
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

2,620
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

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 - Townhouse-style layouts provide private bedroom baths, guest half baths, and substantial storage.
Where is this apartment building located?
The property is located at 314 N Washington Street Bloomington, IN.
What is the asking price?
The asking price for this property is $4,000,000.
What are key features of this property?
This property features: 6‑unit apartment property totaling 10,560 square feet; Each residence is a 2‑story townhouse with a private bath for every bedroom; Three garage parking spaces are provided for each townhouse
More about this property
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