Three-Bedroom Residential Income
3230 E John Hinkle Place Bloomington, IN 47408
3230 E John Hinkle Place, Bloomington, IN, 47408
$205,000
For Sale
$205,000
MULTI_FAMILY - Bloomington, IN
Property Size1,075 SF
Price / SF$190.70
Days on Market105
Property Features for 3230 E John Hinkle Place
General Information
- Property type
- Residential Multi Family
- Property subtype
- Apartment
- Bedrooms
- 3
- Bathrooms
- 2
- Rooms
- Bathroom 2, Bedroom 1, Bathroom 1, Bedroom 3, Bedroom 2
- Parking
- 3
- Standard status
- Active
- APN
- 53-05-35-303-002.000-005
- Size
- 1,075 SF
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- 013-08570-45 CRESCENT PARK PH 3 UNIT D1
- Tax Annual Amount
- 425
Utilities
- Cooling system
- Central Air
Building Details
- Year built
- 1993
- Number of units
- 1
- Flooring type
- Carpet, Tile
- Architectural style
- Other
Listing agency
Partners Realty Group
(812) 606-6939
Listed by
Tiffany Walls · License #RB24000466
(812) 606-6442
Added: Apr 8 Updated: Jul 15 at 3:37PM Checked: Jul 21 at 11:06AM
MLS# 202611997
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 well-maintained residential income condo includes three bedrooms and two full bathrooms, with approximately 1,075 square feet of living space. The interior features a bright, functional layout with an open living and dining area. The kitchen offers ample cabinetry and counter space, providing a practical base for updates or personal preferences. A recent exterior improvement was completed in 2024, covering the entire building.
The property is located in Bloomington, Indiana, with convenient access to everyday destinations. It is described as about 5 minutes to Indiana University’s campus, steps from College Mall, and a short drive to downtown Bloomington shops, restaurants, and nightlife. Public transportation, parks, and grocery stores are also noted as nearby.
As a residential income asset, this unit’s three-bedroom configuration and two-bath layout can support a range of tenant needs while keeping daily routines straightforward. The 2024 building exterior update adds a clear improvement to consider for ongoing property presentation and maintenance planning. For buyers or investors prioritizing location convenience and a workable unit layout, this condo presents a clear, self-contained option within the Bloomington market.
The property is located in Bloomington, Indiana, with convenient access to everyday destinations. It is described as about 5 minutes to Indiana University’s campus, steps from College Mall, and a short drive to downtown Bloomington shops, restaurants, and nightlife. Public transportation, parks, and grocery stores are also noted as nearby.
As a residential income asset, this unit’s three-bedroom configuration and two-bath layout can support a range of tenant needs while keeping daily routines straightforward. The 2024 building exterior update adds a clear improvement to consider for ongoing property presentation and maintenance planning. For buyers or investors prioritizing location convenience and a workable unit layout, this condo presents a clear, self-contained option within the Bloomington market.
Key Highlights
- 3‑bedroom, 2‑bath condo with 1,075 SF of living space
- Central air conditioning; interior flooring includes carpet and tile
- Year built 1993
Local Financial Insights For Apartment 5plus
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 | $16.9k | $15.72 |
| − Vacancy | −$946 | −$0.88 |
| EGI | $16.0k | $14.84 |
| − OpEx | −$7.2k | −$6.68 |
| NOI | $8.8k | $8.16 |
1,075 SF · lease $15.72/SF/yr · vacancy 5.60% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$125.3K
$109.7K – $146.2K
NOI $8,774 @ 7.0% cap · market cap 4.28%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$210.1K
$183.8K – $245.1K
NOI $14,707 @ 7.0% cap · market cap 7.17%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Residential income properties
Similar For Sale Nearby
FAQs
What type of property is this?
Residential income property - Well-maintained condo offers three bedrooms, two bathrooms, and an open living and dining area with a 2024 exterior update.
Where is this residential income property located?
The property is located at 3230 E John Hinkle Place Bloomington, IN.
What is the asking price?
The asking price for this property is $205,000.
What are key features of this property?
This property features: 3‑bedroom, 2‑bath condo with 1,075 SF of living space; Central air conditioning; interior flooring includes carpet and tile; Year built 1993
