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11-Unit Apartment Building Near Campus
For Sale
$2,250,000

703 N Walnut Street, Bloomington, IN 47404

Apartment property with in-unit appliances and washer-dryer equipment.

Property SizeContact for details
Days on Market44

Property Features for 703 N Walnut Street

General Information

Standard status Active
Property subtype INVESTMENT
Net Operating Income $86,940

Units

Unit Mix 8 x 2BR/2BA, 2 x 1BR/1BA, 1 x Studio/1BA
Multifamily Units 11

Additional Details

Gross Income $144,900

Amenities

parking
in-unit washer/dryer

Building Details

Year Built 2013
Listing Agency: Jason Millican Group
Listed By: Jason Millican · License #RB14027891
Source: Midwestrealestategroup
Added: Jul 20 Changed: Aug 30 Last Checked: Aug 31 at 5:19PM

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 Jason Millican Group

Investment Insights

Based on property information with market context.

This 11-unit apartment complex was built in 2013 and offers a mix of eight two-bedroom, two-bath units, two one-bedroom, one-bath units, and one studio with one bath. Every apartment includes appliances and a washer and dryer. Parking is positioned behind the building.

The property is located near the IU campus at 703 N Walnut Street in Bloomington, with downtown and the stadium within walking distance. Tenants are responsible for internet and electric service, while ownership covers water, sewer, trash, and maintenance.

Key Highlights

  • 11‑unit apartment complex built in 2013
  • Unit mix includes 8 two‑bedroom, two‑bath units, 2 one‑bedroom, one‑bath units, and 1 studio, one‑bath unit
  • All units include appliances and a washer and dryer

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Auto Parts Store Electrical Service Veterinary Clinic (Bike/Boat/Book/etc) Store Locksmith HVAC Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

11
Residential units

Location Intelligence

Trade Area within ½ mile

1,987
Businesses Nearby

Demographics for 47404, IN

23,799
Population
12,101
Households
2
Avg Household Size
33
Median Age
43%
College-Educated
95%
High-School Grad
52.6 sq mi
ZIP Area
452
Density / Sq Mi
$54,674
Median Household Income
$36,725
Median Earnings
$1,159
Median Rent
$243,500
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Apartment property with in-unit appliances and washer-dryer equipment.
Where is this apartment building located?
The property is located at 703 N Walnut Street Bloomington, IN.
What is the asking price?
The asking price for this property is $2,250,000.
What are key features of this property?
This property features: 11‑unit apartment complex built in 2013; Unit mix includes 8 two‑bedroom, two‑bath units, 2 one‑bedroom, one‑bath units, and 1 studio, one‑bath unit; All units include appliances and a washer and dryer
More about this property
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