717 S Henderson Street Bloomington, IN 47401
MULTI_FAMILY - Bloomington, IN
Property Features for 717 S Henderson Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Property condition
- Under Construction
- Bedrooms
- 6
- Bathrooms
- 6
- Rooms
- Bedroom 1, Bathroom 1, Bedroom 6, Bathroom 2, Bedroom 3, Bedroom 5, Bathroom 4, Bathroom 6, Bedroom 2, Bathroom 5, Bathroom 3, Bedroom 4
- Parking
- 2
- Standard status
- Active Under Contract
- APN
- 53-08-04-112-052.000-009
- Size
- 3,114 SF
- Lot size
- 0.32 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- 015-11080-00 Allendale Lot 9 & 10 North Half AND 015-11081-00 Allendale Lot 9 & 10 South Half
- Tax Annual Amount
- 2000
Utilities
- Cooling system
- Central Air
Building Details
- Year built
- 2026
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Vinyl
- Roof type
- Shingle
- Architectural style
- Other
Listing agent Sable Beyers License #RB20001388 (812) 327-8734
Listing office Beyers Realty 417 W 6th Street, Bloomington, IN (812) 327-8734
Listing date May 28, 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 sits on a 0.32-acre lot and includes a protected conservation area that cannot be developed, covering about half of the site. That preserved area creates an added layer of privacy and supports a peaceful outdoor seating setting. Located at 717 S Henderson Street in Bloomington, the site is described as being positioned between Bryan Park and the IU campus. Each unit has one private rear parking space, with additional street parking available.
For tenants or buyers seeking a ready-to-operate rental setup, both units are currently fully leased through July 31, 2027, subject to tenant rights. Interior and appliance packages are in place, and each unit’s private parking supports convenient day-to-day access.
Key Highlights
- Brand new duplex under construction, built in 2026, totaling 3,114 SF with two units
- Each unit offers 3 bedrooms and 3 full bathrooms
- Luxury vinyl plank flooring, central air, LP siding, and shingle roof
Local Financial Insights For Multifamily LT 5
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 | $42.2k | $13.56 |
| − Vacancy | −$2.2k | −$0.72 |
| EGI | $40.0k | $12.84 |
| − OpEx | −$12.0k | −$3.85 |
| NOI | $28.0k | $8.99 |
