Three-Community Apartment
3315 E Longview Ave, Bloomington, IN 47408
For Sale
New
Contact for pricing
The properties span one-bedroom flats, two-bedroom apartments, and three-bedroom townhomes.
Property Size131,856 SF
Days on Market2
Property Features for 3315 E Longview Ave
General Information
Standard status
Size
Property subtype
Occupancy
Additional Details
Asking Price
Multifamily Units
Tenant in Place
Amenities
pavilion
dog park
washer/dryer rentals
Immediate Scale in Bloomington, IN with 144 Units Across a Diversified Multifamily Portfolio
Attractive Unit Mix with 94 Percent Two- and Three-Bedroom Floor Plans, Including Select Townhomes
Proven Demand Demonstrated by Strong Historical and Current Occupancy Across the Portfolio
Significant Value-Add Upside Through Interior Renovations and Mark-to-Market Rent Growth
Building Details
Building Size
Units
Listing Agency:
Indianapolis Office
Listed By:
Tony Rogers
(317) 218-5355
Source:
Marcusmillichap
Added: Nov 12
Last Checked: Nov 12 at 2:24PM
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 Indianapolis Office
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This Bloomington portfolio comprises three apartment communities with 144 units, offered separately or together. Hickory Grove has 42 units, including 26 two-story, three-bedroom townhomes, and was built in 1987. Continental Terrace contains 78 two-bedroom apartments, dates to 1964, and is 98.7% occupied. The Arbors has 24 two- and three-bedroom homes built from 1994 to 1996, set on 4.09 wooded acres. Across the portfolio, 94% of homes have two or three bedrooms, and average unit size is approximately 916 square feet. The Arbors’ two-bedroom homes are about 25% larger than comparable two-bedroom units.
The communities are a short drive from Indiana University, IU Health Bloomington Hospital, and Bloomington’s west-side employment corridor. I-69 connects the area with Indianapolis.
Occupancy across the combined properties is 95.8%. In-place rents are approximately 15% below market at Hickory Grove and 10% below market at Continental Terrace. Additional amenities and rental options include a pavilion and dog park at Continental Terrace, garage leasing and washer/dryer rentals at The Arbors, and a former leasing office at Hickory Grove.
The communities are a short drive from Indiana University, IU Health Bloomington Hospital, and Bloomington’s west-side employment corridor. I-69 connects the area with Indianapolis.
Occupancy across the combined properties is 95.8%. In-place rents are approximately 15% below market at Hickory Grove and 10% below market at Continental Terrace. Additional amenities and rental options include a pavilion and dog park at Continental Terrace, garage leasing and washer/dryer rentals at The Arbors, and a former leasing office at Hickory Grove.
Key Highlights
- 144 units across three apartment communities, with each property available individually
- 26 two‑story, three‑bedroom townhomes at Hickory Grove
- Continental Terrace has 78 two‑bedroom units and is 98.7% occupied
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
144
Residential units
Location Intelligence
Trade Area within ½ mile
903
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
$304,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Apartment buildings in Bloomington, IN
Properties on Market for Apartment buildings in Bloomington
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Apartment building - The properties span one-bedroom flats, two-bedroom apartments, and three-bedroom townhomes.
Where is this apartment building located?
The property is located at 3315 E Longview Ave Bloomington, IN.
What are key features of this property?
This property features: 144 units across three apartment communities, with each property available individually; 26 two‑story, three‑bedroom townhomes at Hickory Grove; Continental Terrace has 78 two‑bedroom units and is 98.7% occupied
