Bloomington Investment Property For
3230 John Hinkle Place Bloomington, IN 47408
3230 John Hinkle Place, Bloomington, IN, 47408
$205,000
For Sale
$205,000
Well-maintained investment property near Indiana University and College Mall.
Property Size1,075 SF
Price / SF$190.70
Days on Market142
Property Features for 3230 John Hinkle Place
General Information
- Standard status
- Active
- Size
- 1,075 SF
- Property subtype
- Multi Family / Apartment Building
Building Details
- Year Built
- 1993
Listing Agency
Partners Realty Group
(812) 606-6939
Listed by
Tiffany Walls · License #RB24000466
(812) 606-6939
Source
Compass
Added: Mar 1 Updated: Jul 10 at 12:15 pm Checked: Jul 20 at 4:17 am
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Partners Realty Group
Investment Insights
Based on property information with market context.
This well-maintained investment property features 3 bedrooms and 2 bathrooms, offering 1,075 square feet of living space. The property has a functional layout with spacious bedrooms, full bathrooms, and an open living and dining area. The kitchen includes ample cabinetry and counter space. The property is located near Indiana University's campus (5 minutes), steps from the College Mall, and a short drive from downtown Bloomington's shops, restaurants, and nightlife. Public transportation, parks, and grocery stores are also nearby.
Key Highlights
- Prime location: 5 minutes to Indiana University, steps from College Mall, short drive to downtown Bloomington.
- Features 3 bedrooms and 2 full bathrooms.
- 1,075 square feet of living space.
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 investment property near Indiana University and College Mall.
Where is this residential income property located?
The property is located at 3230 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: Prime location: **5 minutes to Indiana University, steps from College Mall, short drive to downtown Bloomington.**; Features 3 bedrooms and 2 full bathrooms.; 1,075 square feet of living space.
