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Six-Unit Apartment Building with Garage Parking
For Sale
$4,000,000

314 N Washington Street, Bloomington, IN 47404

MULTI_FAMILY - Other - Bloomington, IN

Property Size10,560 SF
Lot Size0.20 Acres
Price / SF$378.79
Days on Market49

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 18, Bathroom 8, Bathroom 9, Bathroom 16, Bathroom 2, Bedroom 3, Bedroom 5, Bedroom 4, Bathroom 12, Bathroom 5, Bathroom 13, Bedroom 11, Bathroom 1, Bedroom 13, Bedroom 9, Bathroom 7, Bathroom 14, Bathroom 4, Bathroom 6, Bedroom 1, Bathroom 11, Bathroom 17, Bathroom 15, Bedroom 10, Bedroom 7, Bedroom 6, Bedroom 12, Bathroom 3, Bedroom 2, Bathroom 10, Bedroom 8
Parking 18
Parking features Garage, Off Street
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 Laminate, Carpet
Roof type Shingle
Architectural style Other
Listing Agency: FC Tucker/Bloomington REALTORS
Listed By: Kerry Feigenbaum · License #RB17000572
Added: Jul 1 Changed: Aug 1 Last Checked: Aug 18 at 11:06PM
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.

This six-unit apartment building features a townhouse-style layout with two stories per unit. The property was originally built as six individual condominium units and is currently operated as student apartment rentals. Each unit includes a dedicated bath for each bedroom, an additional half bath on the main floor for guests, and substantial storage, along with three parking spots in the garage. The building also has central air, laminate and carpet flooring, and a shingle roof. A fireplace is listed as present.

All six units are rented for the 26-27 school year. Listing materials request allowing 48 hours for showing requests to provide tenant notice.

Built in 1997, the property sits on a 0.2-acre lot with a total building size of 10,560 square feet.

Key Highlights

  • Six two‑story townhouse‑style units
  • All 6 units rented for the 26‑27 school year
  • Three parking spots in the garage plus off‑street parking

Property Analytics

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

Location Intelligence

Trade Area within ½ mile

641
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

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 - Six two-story townhouse-style units with central air, laminate and carpet flooring, and garage and off-street parking.
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: Six two‑story townhouse‑style units; All 6 units rented for the 26‑27 school year; Three parking spots in the garage plus off‑street parking
More about this property
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