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Bloomington Craftsman Investment Property

402 E 1st Street, Bloomington, IN 47401

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For Sale

$689,900

Craftsman, Other - Bloomington, IN

Property size:

2,455 SF

Lot size:

0.20 Acres

Price / SF:

$281/SF

HighLights

High rental income: Currently rented at $4750/month for 2025‑2026 school year and $5,000/month for 2026‑2027.
Elusive 5 person HAND permit valid until 5‑28‑2028.
Prime location: In the heart of Bloomington's Bryan Park/Elm Heights neighborhood, close to campus, B‑line Trail, and downtown.
Updated kitchen, full bathroom, and laundry room added in the last 2 years.
Classic craftsman style with original windows, woodwork, and floors.
Off‑street parking and a large backyard.

We can help!

Listing Contact

Tim Ballard

For Sale

$689,900

Craftsman, Other - Bloomington, IN

Property size:

2,455 SF

Lot size:

0.20 Acres

Price / SF:

$281/SF

Added:: Dec 3, 2025
Days on Market:: 194
Last Refresh:: Jun 15 at 3:06 pm

Property Features for 402 E 1st Street

General Information

Property type: Residential Multi Family
Property subtype: Other
Bedrooms: 5
Bathrooms: 3
Rooms: Basement, Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Laundry
Parking features: Off Street
EntryLevel: Main
Exterior features: Basement, Ceiling Fan, Off Street Parking, None
Basement Y/N: 1
Appliances: Dishwasher, Dryer, Garbage Disposer, Microwave, Range, Washer
Standard status: Active
APN: 53-08-04-113-059.000-009
Size: 2,455 SF
Lot size: 0.20 Acres

Utilities

Heating system: Forced Air, Natural Gas
Cooling system: Central Air

Building Details

Floors in Building: 2
Number of units: 1
Flooring type: Wood
Roof type: Shingle
Architectural style: Craftsman

We can help!

Listing Contact

Tim Ballard

Listing agent Tim Ballard License #RB15000758

Listing office Aligned Property Group 716 W Ralston, Bloomington, IN

Listing date Dec 3, 2025

MLS# 202547902 Listing URL

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 rental income: Currently rented at $4750/month for 2025‑2026 school year and $5,000/month for 2026‑2027.
Elusive 5 person HAND permit valid until 5‑28‑2028.
Prime location: In the heart of Bloomington's Bryan Park/Elm Heights neighborhood, close to campus, B‑line Trail, and downtown.
Updated kitchen, full bathroom, and laundry room added in the last 2 years.
Classic craftsman style with original windows, woodwork, and floors.
Off‑street parking and a large backyard.

Overview

This 1920s craftsman-style investment property is located in the Bryan Park/Elm Heights neighborhood of Bloomington. The property features five bedrooms and three bathrooms. The home includes a front porch, an open living space with original windows, woodwork, and floors. The kitchen and a full bathroom have been updated, and a laundry room was added within the last two years. The property is currently rented for $4750 per month for the 2025-2026 school year and $5,000 per month for the 2026-2027 school year. It has a five-person HAND permit on file, valid until May 28, 2028. The property is situated near campus, the B-line Trail, and downtown. It includes off-street parking on the side of the house and a backyard. The lot size is 0.2 acres. The property has 2455 square feet of living space.

Property Profile Location Intelligence

Current Use by Public Records

Multifamily properties

Suggested Use

Location Insight

Map
Local Demand

City: Bloomington
County: Monroe
State: Indiana
Longitude: -86.529529
Latitude: 39.159013

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For sale
Multifamily properties
IN
Bloomington
47401
402 E 1st Street

What type of property is this?

Multifamily property - 1920s craftsman near campus with HAND permit.

Where is this multifamily property located?

The property is located at 402 E 1st Street Bloomington, IN.

What is the asking price?

The asking price for this property is $689,900.

What are key features of this property?

This property features: High rental income: Currently rented at $4750/month for 2025‑2026 school year and $5,000/month for 2026‑2027.; Elusive 5 person HAND permit valid until 5‑28‑2028.; Prime location: In the heart of Bloomington's Bryan Park/Elm Heights neighborhood, close to campus, B‑line Trail, and downtown.

402 E 1st Street, Bloomington, IN 47401

Craftsman, Other - Bloomington, IN

Property Features for 402 E 1st Street

General Information

Utilities

Building Details

We can help!

HighLights

Overview

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Bloomington Restaurant/Bar Opportunity

Multi-Revenue Entertainment Property on 2.82 Acres

Corner Office Building

Historic Schoolhouse with Business Potential

Historic Schoolhouse Near Indiana University

Versatile Warehouse/Office Building in Bloomington

New Duplex Investment Opportunity

Bloomington Sixplex in Opportunity Zone

Retail Building with Walkout Basement

Mixed-Use Property Near IU Stadium

Bloomington Apartment Complex Near IU

Bloomington Duplex: Investment Opportunity

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