Six-Unit Apartment Building Near
For Sale
$4,000,000
314 N Washington Street, Bloomington, IN 47408
COMMERCIAL, Bloomington, IN
Property SizeContact for details
Lot Size0.20 Acres
Days on Market54
Property Features for 314 N Washington Street
General Information
Property type
Commercial Sale
Property subtype
Other
Parking features
Garage, Off Street
Directions
GPS Friendly
Subdivision
Monroe County
Standard status
Active
APN
53-05-33-310-198.000-005
Lot size
0.20 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
013-25560-00 ORIGINAL PLAT LOT 331
Tax Annual Amount
21025
Legal Description
013-25560-00 ORIGINAL PLAT LOT 331
Utilities
Cooling system
Central Air
Building Details
Year built
1997
Flooring type
Vinyl, Carpet, Wood
Roof type
Shingle
Listing Agency:
FC Tucker/Bloomington REALTORS
(812) 336-7300
Listed By:
Kerry Feigenbaum · License #RB17000572
(812) 325-3227
Added: Jul 1
Changed: Aug 20
Last Checked: Aug 23 at 10:06AM
MLS# 202626116
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 0.2-acre property contains six individual condominium units configured as two-story townhouses. Each residence includes generously sized rooms, a dedicated bathroom for each bedroom, an additional half bath on the main level, substantial storage, and three garage parking spots. Interior finishes include vinyl, carpet, and wood flooring, with central air conditioning and a shingle roof.
The building is located in downtown Bloomington near the Indiana University campus. All six units are rented for the 26-27 school year, providing existing student-apartment occupancy while the next ownership team evaluates the property's condominium configuration. The units were originally developed as separate condominiums and have been operated as student apartments.
The building is located in downtown Bloomington near the Indiana University campus. All six units are rented for the 26-27 school year, providing existing student-apartment occupancy while the next ownership team evaluates the property's condominium configuration. The units were originally developed as separate condominiums and have been operated as student apartments.
Key Highlights
- Six individual condominium units on a 0.2‑acre property
- All 6 units rented for the 26‑27 school year
- Each residence is a 2‑story townhouse with a bath for every bedroom
Property Analytics
Property Profile
Current Use
Lease Details
6
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
2,620
Businesses Nearby
Explore this area
Business Placement
Demographics for 47408, IN
22,917
Population
10,456
Households
2.2
Avg Household Size
28
Median Age
59%
College-Educated
98%
High-School Grad
64.4 sq mi
ZIP Area
356
Density / Sq Mi
$45,584
Median Household Income
$15,819
Median Earnings
$1,177
Median Rent
$304,600
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Townhouse-style residences feature two-story layouts, bedroom-level baths, guest half baths, storage, and garage 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 individual condominium units on a 0.2‑acre property; All 6 units rented for the 26‑27 school year; Each residence is a 2‑story townhouse with a bath for every bedroom
