For sale
Single family properties
IN
Bloomington
47401
402 E 1st Street

Craftsman Residential Income Home

402 E 1st Street Bloomington, IN 47401

For Sale

$689,900

MULTI_FAMILY - Craftsman - Bloomington, IN

Property size:

2,455 SF

Lot size:

0.20 Acres

Price / SF:

$281/SF

For Sale

$689,900

MULTI_FAMILY - Craftsman - Bloomington, IN

Property size:

2,455 SF

Lot size:

0.20 Acres

Price / SF:

$281/SF

Added:: Jun 23, 2026
Days on Market:: 20
Last Refresh:: Jul 12 at 7:06 pm

Property Features for 402 E 1st Street

General Information

Property type: Residential Multi Family
Property subtype: Other
Bedrooms: 5
Bathrooms: 3
Rooms: Basement, Bedroom 4, Bedroom 5, Bathroom 2, Bedroom 2, Bathroom 3, Bedroom 1, Bathroom 1, Bedroom 3
Parking: 5
Parking features: Off Street
Standard status: Active
APN: 53-08-04-113-059.000-009
Size: 2,455 SF
Lot size: 0.20 Acres

Taxes and HOA fees

Tax Description: 015-57020-00 Allendale 2nd Lot 112
Tax Annual Amount: 1466

Utilities

Cooling system: Central Air

Building Details

Year built: 1920
Floors in Building: 1
Number of units: 1
Flooring type: Wood
Roof type: Shingle
Architectural style: Craftsman

Listing agent Tim Ballard License #RB15000758

Listing office Cornerstone Realtors 2013 S Renwick Blvd., Bloomington, IN

Listing date Jun 23, 2026

MLS# 202624790

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 1920s craftsman residential income property offers a 5-bedroom, 3-bath layout with original windows, woodwork, and floors. The home features a front porch leading into a wide-open living space. Recent improvements include an updated kitchen and a full bathroom, along with a laundry room addition completed within the last two years. The property is situated on a 0.2-acre lot and includes a back yard and off-street parking on the side of the house.

Located in the heart of Bloomington’s Bryan Park/Elm Heights neighborhood at 402 E 1st Street, the home is positioned for convenient access to campus, the B-line Trail, and downtown.

The property is currently rented for the 25–26 school year at $4,750 per month and for the 26–27 school year at $5,000 per month. A 5-person HAND permit is on file and is valid through 5-28-28. With an established rental status, this home can be a fit for an owner looking to begin or add to a residential income portfolio, particularly where tenant housing near campus is desired.

Key Highlights

5‑bedroom, 3‑bath Craftsman home built in 1920
Currently rented at $4,750/month for the 25–26 school year and $5,000/month for the 26–27 school year
Central air cooling; wood flooring; shingle roof

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

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For sale
Single family properties
IN
Bloomington
47401
402 E 1st Street

What type of property is this?

Single family property - 1920s craftsman residence with five bedrooms, three baths, off-street parking, and a back yard for tenants.

Where is this single family 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: 5‑bedroom, 3‑bath Craftsman home built in 1920; Currently rented at $4,750/month for the 25–26 school year and $5,000/month for the 26–27 school year; Central air cooling; wood flooring; shingle roof

402 E 1st Street Bloomington, IN 47401

MULTI_FAMILY - Craftsman - Bloomington, IN

Property Features for 402 E 1st Street

General Information

Taxes and HOA fees

Utilities

Building Details

Investment Insights

Key Highlights

Property Analytics

Current Use by Public Records

Suggested Use

Similar For Sale Nearby

Split-Level Office Schoolhouse

Four-Unit Residential Income Property

Corner Reception Office Building

Office-Warehouse Flex Facility

Office and Retail Buildings with Parking

6-Unit Apartment Building with Garage

Duplex Investment Property with 3-Acre Lot

New Student Housing Duplex

Residential Income Duplex with Loft

Six-Unit Multifamily Building

Retail Building with Private Office

Brand-New Duplex with Covered Porch

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