4-Unit Student Housing
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For Sale
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514-520 N Lincoln St, Bloomington, IN 47408
Each residence has private bedroom suites, in-home laundry, a full kitchen and a separate entrance.
Property SizeContact for details
Days on Market5
Property Features for 514-520 N Lincoln St
General Information
Standard status
Active
Property subtype
Multifamily
Listing Agency:
Indianapolis
Listed By:
Bryce Wetzel
(317) 713-2097
Source:
Colliers
Added: Oct 12
Changed: Oct 13
Last Checked: Oct 16 at 5:41AM
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Investment Insights
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This four-home student housing portfolio was completed in 2022 and contains 16 bedrooms. Each townhome has four bedrooms and 4.5 bathrooms, with a private full bath for each bedroom, along with a full kitchen, in-unit laundry and a private entrance. On-site parking is available for two cars per home.
The property is less than half a mile from Dunn Meadow, the Sample Gates and Indiana University’s Bloomington campus. Kirkwood Avenue is within walking distance, while Memorial Stadium and Assembly Hall are a short drive away.
For the 2026–27 academic year, three homes have year-long leases; the fourth is furnished and used for short-term rentals. Two homes have signed leases for 2027–28. Leases are joint and several and backed by guaranties. Tenants pay electricity, water and sewer and are responsible for routine upkeep.
The property is less than half a mile from Dunn Meadow, the Sample Gates and Indiana University’s Bloomington campus. Kirkwood Avenue is within walking distance, while Memorial Stadium and Assembly Hall are a short drive away.
For the 2026–27 academic year, three homes have year-long leases; the fourth is furnished and used for short-term rentals. Two homes have signed leases for 2027–28. Leases are joint and several and backed by guaranties. Tenants pay electricity, water and sewer and are responsible for routine upkeep.
Key Highlights
- Four townhomes with 16 bedrooms; each has four bedrooms and 4.5 bathrooms
- Completed in 2022
- Each bedroom has a private full bath
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,542
Businesses Nearby
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Business Placement
Demographics for 47408, IN
22,917
Population
10,456
Households
2.2
Avg Household Size
28
Median Age
59%
College-Educated
98%
High-School Grad
64.4 sq mi
ZIP Area
356
Density / Sq Mi
$45,584
Median Household Income
$15,819
Median Earnings
$1,177
Median Rent
$304,600
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Multifamily property - Each residence has private bedroom suites, in-home laundry, a full kitchen and a separate entrance.
Where is this multifamily property located?
The property is located at 514-520 N Lincoln St Bloomington, IN.
What are key features of this property?
This property features: Four townhomes with 16 bedrooms; each has four bedrooms and 4.5 bathrooms; Completed in 2022; Each bedroom has a private full bath
