Triplex with Washer/Dryer
For Sale
Under Contract
$549,900
315 W 17th Street, Bloomington, IN 47404
MULTI_FAMILY - Bloomington, IN
Property Size3,229 SF
Lot Size0.17 Acres
Price / SF$170.30
Days on Market93
Property Features for 315 W 17th Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
7
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 6, Bedroom 5, Bedroom 1, Bedroom 3, Bedroom 4, Bathroom 2, Bathroom 1, Basement, Bathroom 4, Bathroom 3, Bedroom 7, Bedroom 2
Parking
8
Fireplace
1
Basement
Block
Lot features
City/ Town/ Suburb, Near College Campus, 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
Starting at the intersection of North college Ave and 17th St. Head west on 17th St. the property will be on the left. GPS Friendly
Subdivision
Monroe County
Standard status
Active Under Contract
APN
53-05-33-204-141.000-005
Size
3,229 SF
Lot size
0.17 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
013-39660-00 KENWOOD PARK PT LOTS 7 & 8 (E 83'
Legal Description
013-39660-00 KENWOOD PARK PT LOTS 7 & 8 (E 83'
Utilities
Cooling system
Central Air
Amenities
washer and dryer hookups
dedicated parking
Building Details
Year built
1994
Floors in Building
1
Number of units
3
Flooring type
Wood
Architectural style
Other
Listing Agency:
FC Tucker/Bloomington REALTORS
(812) 336-7300
Listed By:
Chris Cockerham · License #RB14027897
(812) 340-3083
Added: May 4
Changed: Aug 1
Last Checked: Aug 4 at 2:06PM
MLS# 202616403
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 triplex at 315 W 17th Street offers a residential income setup with wood flooring, a fireplace, and central air. The property was built in 1994 and includes a basement. Each unit comes with hookups ready for a washer and dryer, supporting everyday convenience for residents.
The home is positioned on a high-traffic Bloomington corridor and is within walking distance to Memorial Stadium and Assembly Hall. The property also includes dedicated parking, and tenant utility responsibility is limited to electric and gas.
For investors or owner-operators looking for a triplex configuration with in-unit laundry readiness, central air, and dedicated parking in a student and game-day demand area, this property’s core features are designed around consistent day-to-day livability.
The home is positioned on a high-traffic Bloomington corridor and is within walking distance to Memorial Stadium and Assembly Hall. The property also includes dedicated parking, and tenant utility responsibility is limited to electric and gas.
For investors or owner-operators looking for a triplex configuration with in-unit laundry readiness, central air, and dedicated parking in a student and game-day demand area, this property’s core features are designed around consistent day-to-day livability.
Key Highlights
- 1994‑built triplex with central air and wood flooring
- Washer and dryer hookups ready in each unit
- Fireplace and basement included
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 | $43.8k | $13.56 |
| − Vacancy | −$2.3k | −$0.72 |
| EGI | $41.5k | $12.84 |
| − OpEx | −$12.4k | −$3.85 |
| NOI | $29.0k | $8.99 |
3,229 SF · lease $13.56/SF/yr · vacancy 5.32% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$414.6K
$362.7K – $483.7K
NOI $29,019 @ 7.0% cap · market cap 5.28%
Second Best
Apartment 5plus
$376.5K
$329.4K – $439.3K
NOI $26,355 @ 7.0% cap · market cap 4.79%
Theoretical Best
Office A
$631.1K
$552.2K – $736.3K
NOI $44,175 @ 7.0% cap · market cap 8.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
263
Businesses Nearby
Explore this area
Business Placement
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Triplex - 1994-built triplex with central air, wood flooring, fireplace, and washer/dryer hookups for each unit.
Where is this triplex located?
The property is located at 315 W 17th Street Bloomington, IN.
What is the asking price?
The asking price for this property is $549,900.
What are key features of this property?
This property features: 1994‑built triplex with central air and wood flooring; Washer and dryer hookups ready in each unit; Fireplace and basement included
