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Campus-Area Duplex

501 S Highland Avenue, Bloomington, IN 47401

For Sale
New
$725,000

Two apartments offer eight bedrooms in total, with a permit for nine occupants.

Property Size1,721 SF
Price / SF$421.27
Days on Market4

Property Features for 501 S Highland Avenue

General Information

Standard status Active
Size 1,721 SF
Total Parking Spaces 1
Property subtype Multi Family Home
Lease Term 1 Year

Units

Unit Mix 1 x 6BR/2BA, 1 x 2BR/1BA
Multifamily Units 2

Building Details

Building Size 1,721 SF
Year Built 1925
Stories 2
Units 2
Listing Agency: FC Tucker/Bloomington REALTORS
Listed By: Jeff Franklin · License IN RB14023367
Source: Kaserrealty
Added: Nov 11 Changed: Nov 12 Last Checked: Nov 12 at 11:18PM

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 FC Tucker/Bloomington REALTORS

Rey
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Investment Insights

Based on property information with market context.

This 1,721-square-foot duplex, built in 1925, occupies a corner lot south of Indiana University. Its upper apartment has six bedrooms, two full bathrooms, hardwood floors, and a kitchen. The lower apartment contains two bedrooms and one bathroom, with a separate entrance on the north side. A permit is in place for nine occupants.

The property is near the university, restaurants, coffee shops, and a bookstore. Its two-apartment layout and bedroom configuration are established features of the existing building.

Key Highlights

  • 1,721‑square‑foot duplex on a corner lot
  • Permit for nine occupants
  • Upper apartment: six bedrooms, two full bathrooms, hardwood floors, and a kitchen

Property Analytics

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Lease Details

2
Residential units

Location Intelligence

Trade Area within ½ mile

986
Businesses Nearby

Demographics for 47401, IN

41,225
Population
21,162
Households
1.9
Avg Household Size
35
Median Age
62%
College-Educated
95%
High-School Grad
82.6 sq mi
ZIP Area
499
Density / Sq Mi
$65,643
Median Household Income
$34,279
Median Earnings
$1,181
Median Rent
$333,100
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Average Price Trend$/SF for Duplexes in Bloomington, IN

$203 Jul
$210 Aug
$185 Sep
$175 Oct

Properties on Market for Duplexes in Bloomington

Jul
Aug
Sep
Oct

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Duplex - Two apartments offer eight bedrooms in total, with a permit for nine occupants.
Where is this duplex located?
The property is located at 501 S Highland Avenue Bloomington, IN.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: 1,721‑square‑foot duplex on a corner lot; Permit for nine occupants; Upper apartment: six bedrooms, two full bathrooms, hardwood floors, and a kitchen
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