Student Rental Home with
424 N Lincoln Street Bloomington, IN 47408
424 N Lincoln Street, Bloomington, IN, 47408
$795,000
For Sale
$795,000
MULTI_FAMILY - Bloomington, IN
Property Size1,992 SF
Lot Size0.08 Acres
Price / SF$399.10
Days on Market242
Property Features for 424 N Lincoln Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 5
- Bathrooms
- 2
- Rooms
- Bathroom 1, Bedroom 4, Bedroom 3, Bedroom 2, Bedroom 1, Basement, Bathroom 2, Bedroom 5
- Parking
- 2
- Basement
- Block
- Standard status
- Active
- APN
- 53-05-33-300-013.000-005
- Size
- 1,992 SF
- Lot size
- 0.08 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- PT OUTLOT 28
Utilities
- Cooling system
- Central Air
Building Details
- Year built
- 1940
- Floors in Building
- 1
- Number of units
- 1
- Flooring type
- Mixed
- Architectural style
- Other
Listing agency
Brawley Real Estate
(844) 254-7368
Listed by
Jeff Brawley · License #RB14041028
(812) 327-5331
Added: Nov 21, 2025 Updated: Jul 6 at 4:02PM Checked: Jul 21 at 11:06AM
MLS# 202546968
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 for-sale property is a spacious five-bedroom, two-bath single-family home configured for student rental. The home is currently leased and includes joint leases with guarantors for each student, supporting a structured leasing arrangement. At 1,992 square feet, it offers a dedicated tenant layout suited to group occupancy.
Located just steps from IU Campus, the residence benefits from immediate walkable access to the university area. The offering is in Bloomington, Indiana (Monroe County), and sits on a lot of approximately 0.08 acres.
From an ownership standpoint, the current lease provides defined cash flow timing, with rent of $5,200 per month through July 2026 and an increase to $5,720 per month beginning August 2026. For investors or operators seeking a student housing-oriented asset with in-place leasing and guarantor-supported terms, this property presents a straightforward option within the IU-adjacent rental market.
Located just steps from IU Campus, the residence benefits from immediate walkable access to the university area. The offering is in Bloomington, Indiana (Monroe County), and sits on a lot of approximately 0.08 acres.
From an ownership standpoint, the current lease provides defined cash flow timing, with rent of $5,200 per month through July 2026 and an increase to $5,720 per month beginning August 2026. For investors or operators seeking a student housing-oriented asset with in-place leasing and guarantor-supported terms, this property presents a straightforward option within the IU-adjacent rental market.
Key Highlights
- Steps from IU Campus: spacious 5‑bedroom, 2‑bathroom home
- Currently leased for $5,200/month through July 2026
- Rent increases to $5,720/month beginning August 2026
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Single family properties
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FAQs
What type of property is this?
Single family property - Five-bedroom, two-bath home leased through July 2026 with scheduled rent increases starting August 2026.
Where is this single family property located?
The property is located at 424 N Lincoln Street Bloomington, IN.
What is the asking price?
The asking price for this property is $795,000.
What are key features of this property?
This property features: Steps from IU Campus: spacious 5‑bedroom, 2‑bathroom home; Currently leased for $5,200/month through July 2026; Rent increases to $5,720/month beginning August 2026
