3429 & 3431 S Kennedy Drive, Bloomington, IN 47401
Duplex, Other - Bloomington, IN
- Added:
- May 11, 2026
- Days on Market:
- 48
- Last Refresh:
- Jun 27 at 9:06 am
Property Features for 3429 & 3431 S Kennedy Drive
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Zoning
- Residential Multifamily
- Bedrooms
- 6
- Bathrooms
- 4
- Rooms
- Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Laundry
- Parking features
- Garage, Garage - Attached, Other
- Patio and Porch features
- Deck
- EntryLevel
- Main
- Exterior features
- Ceiling Fan, Off Street Parking, Cable Available, Closet(s) Walk-in, Countertops-laminate, Deck Open, Detector-smoke, Garage Door Opener, Water Heater Electric, None
- Appliances
- Dishwasher, Dryer, Garbage Disposer, Microwave, Range, Washer
- Standard status
- Active
- APN
- 53-08-16-301-010.000-009
- Size
- 2,592 SF
- Lot size
- 0.22 Acres
Utilities
- Heating system
- Forced Air, Natural Gas
- Cooling system
- Central Air
Building Details
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Tile, Vinyl
- Building materials
- Brick
- Roof type
- Shingle
- Architectural style
- Other
- Additional Structures
- Garage(s)
Listing agent Ron Plecher License #RB14033205 (812) 323-1231
Listing office Realty Professionals 328 S. Walnut St., Ste. 6, Bloomington, IN (812) 323-1231
Listing date May 11, 2026
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.
HighLights
- High net rental income potential with both units currently renting for $1,675 per month each.
- Excellent location on the south side of Bloomington, convenient to shopping, I‑69, and downtown.
- Each unit features 3 bedrooms (2 with walk‑in closets) and 2 full bathrooms.
- Each unit has a one‑car attached garage and a spacious back deck.
- Tenants pay all utilities, increasing net income for the owner.
- Recent improvements include a new furnace (2026) in one unit and new Luxury Vinyl Plank flooring.
Overview
The property is located on the south side of Bloomington, Indiana. Access is described as convenient to shopping, I-69, and downtown.
The current rental setup supports income-oriented use, with both units rented. Unit 3429 is leased through 7/26/27, while unit 3431 is month-to-month. Tenants pay all utilities, and the listing notes that lawn care is handled by the current management company. The layout also supports owner-occupancy options, such as living in one unit while renting the other, depending on tenant requirements and lease terms.
Local 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 | $35.1k | $13.56 |
| − Vacancy | −$1.9k | −$0.72 |
| EGI | $33.3k | $12.84 |
| − OpEx | −$10.0k | −$3.85 |
| NOI | $23.3k | $8.99 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Bloomington
- County
- Monroe
- State
- Indiana
- Longitude
- -86.52818
- Latitude
- 39.124999
