604 N Smith Road Bloomington, IN 47408
MULTI_FAMILY - Contemporary - Bloomington, IN
Property Features for 604 N Smith Road
General Information
- Property type
- Residential Multi Family
- Property subtype
- Apartment
- Bedrooms
- 21
- Bathrooms
- 21
- Rooms
- Bathroom 9, Bathroom 13, Bedroom 10, Bedroom 3, Bathroom 3, Bathroom 12, Bedroom 12, Bathroom 15, Bedroom 4, Bedroom 16, Bedroom 19, Bathroom 2, Bedroom 14, Bathroom 20, Bedroom 21, Bathroom 7, Bathroom 17, Bedroom 18, Bedroom 20, Bathroom 6, Bathroom 8, Bathroom 5, Bedroom 15, Bedroom 1, Bathroom 10, Bedroom 8, Bathroom 18, Bathroom 16, Bathroom 19, Bathroom 11, Bathroom 21, Bathroom 1, Bedroom 11, Bedroom 13, Bedroom 7, Bedroom 5, Bathroom 4, Bedroom 2, Bedroom 9, Bedroom 17, Bathroom 14, Bedroom 6
- Parking
- 21
- Parking features
- Off Street
- Standard status
- Active
- APN
- 53-05-36-300-005.000-005
- Size
- 18,863 SF
- Lot size
- 0.75 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Description
- 013-01880-00 PT NW SW 36-9-1W (0.75 Acre) PLAT 52
- Tax Annual Amount
- 17308
Utilities
- Cooling system
- Central Air, Multi Units
Building Details
- Year built
- 2017
- Number of units
- 21
- Flooring type
- Carpet, Laminate
- Roof type
- Flat
- Architectural style
- Contemporary
Listing agent Janet Jin License #RB17001414 (812) 325-9093
Listing office RE/MAX Acclaimed Properties 3695 S Sare Rd., Bloomington, IN (812) 332-3001
Listing date May 19, 2026
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.
The property is located at 604 N Smith Road in Bloomington, Indiana, between E. 10th Street and E. 3rd Street. The listing notes it is just minutes from IU’s Kelly School of Business and local dining, shopping, and nightlife, with on-site parking for all residents.
For buyers, the building is presented as fully leased, with monthly rent that includes water, sewer, trash, and internet; residents are responsible for electricity. The offering notes that a P&L statement will be provided to qualified buyers upon request, and floor plans are available with the materials attached.
Key Highlights
- Prime location near IU's Kelly School of Business, dining, shopping, and nightlife.
- Fully furnished units with modern finishes and large picture windows.
- All units are currently fully leased, offering immediate rental income.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $296.5k | $15.72 |
| − Vacancy | −$16.6k | −$0.88 |
| EGI | $279.9k | $14.84 |
| − OpEx | −$126.0k | −$6.68 |
| NOI | $154.0k | $8.16 |
