Duplex Near
For Sale
$550,000
526 S Woodlawn Ave, Bloomington, IN 47401
The layout includes a three-bedroom residence and a studio, with documented rental history.
Property Size2,384 SF
Price / SF$230.70
Days on Market104
Property Features for 526 S Woodlawn Ave
General Information
Standard status
Active
Size
2,384 SF
Property subtype
Multi-Family
Units
Unit Mix
1 x 3BR, 1 x Studio
Multifamily Units
2
Building Details
Year Built
1890
Listing Agency:
Century 21 Scheetz - Bloomington
Listed By:
Chris Clark · License #RB14050458
(812) 322-1871
Source:
Callcriswell
Added: Jul 9
Changed: Oct 5
Last Checked: Oct 7 at 4:04PM
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 Century 21 Scheetz - Bloomington
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This Bloomington duplex includes two distinct residential configurations: one three-bedroom unit and one studio. Together, the units carry 4 total occupancy permits, with 3 permits assigned to the three-bedroom residence and 1 permit assigned to the studio. The property also has a documented zero-vacancy rental history.
Building improvements include a new roof, furnace, and air conditioner installed in April 2026. Located at 526 S Woodlawn Avenue, the property is 2 blocks from campus and identified as units 1 and 2.
Building improvements include a new roof, furnace, and air conditioner installed in April 2026. Located at 526 S Woodlawn Avenue, the property is 2 blocks from campus and identified as units 1 and 2.
Key Highlights
- 1 three‑bedroom unit with a 3‑occupancy permit and 1 studio with a 1‑occupancy permit
- 4 bedrooms total with 4 total occupancy permits
- 2 blocks from campus at 526 S Woodlawn Avenue
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,425
Cap Rate
3.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$428,500
$428.5K
Cap Rate 7%
$306,071
$306.1K
Cap Rate 9%
$238,056
$238.1K
Market Conditions
NOI Build-Up for 2,384 SF
Gross rent
$32.3K $13.56/SF
− Vacancy
−$1.7K −$0.72/SF
EGI
$30.6K $12.84/SF
− OpEx
−$9.2K −$3.85/SF
NOI
$21.4K $8.99/SF
Area
Monroe County, IN
Vacancy
5.32%
Lease Rate
$13.56 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$428,500
Cap Rate 7%
$306,071
Cap Rate 9%
$238,056
Alternative Uses
Best Use
Multifamily LT 5
$306.1K
$267.8K – $357.1K
NOI $21,425 @ 7.0% cap · market cap 3.90%
Second Best
Apartment 5plus
$278.0K
$243.2K – $324.3K
NOI $19,458 @ 7.0% cap · market cap 3.54%
Theoretical Best
Office A
$465.9K
$407.7K – $543.6K
NOI $32,614 @ 7.0% cap · market cap 5.93%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,190
Businesses Nearby
Explore this area
Business Placement
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
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - The layout includes a three-bedroom residence and a studio, with documented rental history.
Where is this duplex located?
The property is located at 526 S Woodlawn Ave Bloomington, IN.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: 1 three‑bedroom unit with a 3‑occupancy permit and 1 studio with a 1‑occupancy permit; 4 bedrooms total with 4 total occupancy permits; 2 blocks from campus at 526 S Woodlawn Avenue
