Two-Unit
New
For Sale
$550,000
526 S Woodlawn Avenue #1 & 2, Bloomington, IN 47401
A three-bedroom residence and a separate studio have occupancy permits for three and one, respectively.
Property Size1,805 SF
Price / SF$304.71
Days on Market4
Property Features for 526 S Woodlawn Avenue #1 & 2
General Information
Standard status
Active
Size
1,805 SF
Total Parking Spaces
2
Property subtype
Multi Family Home
Lease Term
1 Year
Units
Unit Mix
1 x 3BR, 1 x studio
Multifamily Units
2
Building Details
Building Size
1,805 SF
Buildings
1
Stories
2
Units
2
Listing Agency:
Century 21 Scheetz - Bloomington
(812) 336-2100
Listed By:
Chris Clark · License #RB14050458
(812) 322-1871
Source:
Bigrealtyservices
Added: Nov 3
Changed: Nov 5
Last Checked: Nov 5 at 5:04PM
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 two-unit duplex contains 1,805 square feet, configured as one three-bedroom residence and one studio. Occupancy permits allow three occupants in the larger unit and one in the studio. The property has a new roof, furnace and air conditioner, installed in April 2026.
The duplex is located two blocks from campus. Rental history is reported with no vacancy.
The duplex is located two blocks from campus. Rental history is reported with no vacancy.
Key Highlights
- Two units: one three‑bedroom residence and one studio
- Occupancy permits allow 3 residents in the larger unit and 1 in the studio
- 1,805 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,222
Cap Rate
2.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$324,440
$324.4K
Cap Rate 7%
$231,743
$231.7K
Cap Rate 9%
$180,244
$180.2K
Market Conditions
NOI Build-Up for 1,805 SF
Gross rent
$24.5K $13.56/SF
− Vacancy
−$1.3K −$0.72/SF
EGI
$23.2K $12.84/SF
− OpEx
−$7.0K −$3.85/SF
NOI
$16.2K $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%
$324,440
Cap Rate 7%
$231,743
Cap Rate 9%
$180,244
Alternative Uses
Best Use
Multifamily LT 5
$231.7K
$202.8K – $270.4K
NOI $16,222 @ 7.0% cap · market cap 2.95%
Second Best
Apartment 5plus
$210.5K
$184.2K – $245.5K
NOI $14,732 @ 7.0% cap · market cap 2.68%
Theoretical Best
Office A
$352.8K
$308.7K – $411.6K
NOI $24,693 @ 7.0% cap · market cap 4.49%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
10
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
Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - A three-bedroom residence and a separate studio have occupancy permits for three and one, respectively.
Where is this duplex located?
The property is located at 526 S Woodlawn Avenue #1 & 2 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: Two units: one three‑bedroom residence and one studio; Occupancy permits allow 3 residents in the larger unit and 1 in the studio; 1,805 square feet
