851 S Park Square Drive Bloomington, IN 47403
MULTI_FAMILY - Other - Bloomington, IN
- Added:
- Jul 10, 2026
- Days on Market:
- 3
- Last Refresh:
- Jul 12 at 12:06 pm
Property Features for 851 S Park Square Drive
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 6
- Bathrooms
- 4
- Rooms
- Bathroom 1, Bathroom 4, Bedroom 1, Bathroom 3, Bedroom 2, Bedroom 4, Bedroom 5, Bedroom 6, Bedroom 3, Bathroom 2
- Parking
- 2
- Fencing
- Chain Link
- Standard status
- Active
- APN
- 53-09-01-204-001.000-016
- Size
- 2,600 SF
- Lot size
- 0.20 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Description
- HIGHLAND VILLAGE 12A L515
Utilities
- Cooling system
- Central Air
Building Details
- Year built
- 1976
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Vinyl, Carpet
- Roof type
- Shingle
- Architectural style
- Other
Listing agent Andy Walker License #RB14032117 (812) 325-1290
Listing office RE/MAX Acclaimed Properties 3695 S Sare Rd., Bloomington, IN (812) 332-3001
Listing date Jul 10, 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 duplex is positioned in Bloomington’s west side, with convenient access to Indiana University, downtown Bloomington, shopping, restaurants, parks, and I-69. One unit is currently rented for $1,001 per month, while the second unit is vacant.
With a total property size of approximately 2,600 square feet on a 0.2-acre lot, this offering provides flexible use for investors or owner-occupants looking to offset housing costs with rental income.
Key Highlights
- Duplex built in 1976 on Bloomington's west side
- 2 units, each about 1,300 SF, offering 3 bedrooms and 1.5 bathrooms
- One unit rented for $1,001/month; second unit is vacant
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 | $35.3k | $13.56 |
| − Vacancy | −$1.9k | −$0.72 |
| EGI | $33.4k | $12.84 |
| − OpEx | −$10.0k | −$3.85 |
| NOI | $23.4k | $8.99 |
