Bloomington, IN Multifamily Properties for Sale

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Updated: Jun 22

Triplex with Separate Deeded Lot

1024 W Country Club Drive, Bloomington, IN 47403

$340,000

3,552 sqft 0.77 AC lot

3 fully rented units plus a separately deeded vacant lot
Leases in place: 1022A Country Club 2BR/1BA leased for $950/mo until July 22, 2027; upstairs 2BR/1BA leased for $1,250/mo until July 24, 2027
4BR/2BA home with a 20+ year tenant on a month‑to‑month lease currently rented at $1,050/mo
Potential to reconfigure the 4BR/2BA unit into a duplex by adding a second kitchen, based on the current layout
Multiple garages including a large 4‑car garage, plus an additional 1‑car garage/shed with loft area and a small storage shed

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1024 W Country Club Drive, Bloomington, IN 47403

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Est. Cap Rate

8.5%
Above avg (5.9%)
Est. NOI

$29K
Annual
Price @ 7% Cap

$414K
Above asking
Property Type

Single Family Residence
Built 1930

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Updated: Jun 13

Duplex Investment Property with 3-Acre Lot

920 N Madison Street, Bloomington, IN 47404

$500,000

2,145 sqft 0.20 AC lot

Being sold together: 920 N Madison St and 317 W 14th St
1/3‑acre double lot close to downtown Bloomington and minutes from campus
920 N Madison St includes main‑level bedroom, kitchen, and full bathroom
Upstairs loft at 920 N Madison St adds an additional 960 SF with an additional bedroom and full bathroom
On‑site parking plus a storage shed

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New Student Housing Duplex

326-328 N Jefferson Street, Bloomington, IN 47408

$1,485,000

4,280 sqft 0.18 AC lot

Brand-new 10-bed duplex pre-leased for the upcoming school year with en-suite bedrooms and in-unit laundry.

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Residential Income Duplex with Loft

317 W 14th Street, Bloomington, IN 47404

$500,000

2,760 sqft 0.12 AC lot

Zoned R4 duplex with on-site parking and storage, sold together with a second Madison-area property.

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Renovated Townhome Community Near IU

1136 W 17th St, Bloomington, IN 47404

$4,250,000

20-unit townhome community near Indiana University with significant capital improvements.

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Four-Unit Residential Income Property

1024 N Country Club Drive, Bloomington, IN 47403

$550,000

4,750 sqft 1.69 AC lot

Four rental units across separate deeds, including remodeled interior, plus included garage and storage improvements.

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Brand-New Duplex with Covered Porch

717 S Henderson Street, Bloomington, IN 47401

$779,000

3,114 sqft 0.32 AC lot

Two fully equipped 3-bedroom units with private rear parking, leased through July 31, 2027.

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Six-Unit Multifamily Building

314 N Washington Street, Bloomington, IN 47404

$4,000,000

10,560 sqft 0.20 AC lot

Six-unit building currently rented for the 26–27 school year, offering townhouse-style layouts in Bloomington.

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Bloomington Multifamily Investment Opportunity

326 W Kenwood Dr, Bloomington, IN 47404

$1,400,000

12-unit property with prime location and strong rental income.

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Multifamily Apartment Building

703 N Walnut Street, Bloomington, IN 47404

$2,250,000

10,344 sqft 0.18 AC lot

Well-kept 11-unit complex built in 2013 with in-unit appliances and shared back-of-building parking.

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6-Unit Apartment Building with Garage

331 S Grant Street, Bloomington, IN 47401

$659,900

3,326 sqft 0.22 AC lot

Six-unit multifamily property in an Opportunity Zone with high-density zoning and a 2-car garage, sold as-is.

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New Construction Duplex for Sale

1118 & 1120 N Woodburn Avenue, Bloomington, IN 47404

$679,000

2,398 sqft 0.11 AC lot

Newly completed two-unit duplex built for student-year leasing with ample on-site parking.

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Brand-New Duplex with Private Parking

302 N Jefferson Street, Bloomington, IN 47408

$1,485,000

4,358 sqft 0.14 AC lot

Newly built duplex in Bloomington with two 5-bedroom, 5-bath units and private rear parking for each unit.

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Furnished Apartment Building

604 N Smith Road, Bloomington, IN 47408

$2,790,000

18,863 sqft 0.75 AC lot

Contemporary 21-unit building with furnished units and in-unit stackable washer/dryer for a straightforward resident setup.

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Two-Unit Duplex with Attached Garages

3429 & 3431 S Kennedy Drive, Bloomington, IN 47401

$415,000

2,592 sqft 0.22 AC lot

Well-maintained two-unit duplex with attached one-car garages and separate decks, ideal for owner-occupants or rental operators.

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Duplex-Style Income Property with ADU

1416 S Madison Street, Bloomington, IN 47403

$275,000

1,460 sqft 0.20 AC lot

Ranch home plus grandfathered 2-bed cottage approved for 3 unrelated adults, with parking and central air.

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Duplex Investment Property with Permit

4501 + 4503 E Stephens Drive, Bloomington, IN 47408

$239,000

1,352 sqft 0.29 AC lot

Duplex with two one-bedroom units and a rental occupancy permit for six occupants through 2029.

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Duplex with Fenced Yard and Parking

1413 S Rogers Street, Bloomington, IN 47403

$280,000

1,498 sqft 0.16 AC lot

Well-maintained duplex with two 2BR/1BA units, zoned RM for residential multifamily, with off-street parking.

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Three Duplex Apartment Buildings

100-106 S Yancy Lane, Bloomington, IN 47404

$879,000

1.07 AC lot

Six total 3-bedroom, 1-bath units across three duplex buildings, with one-car carports and a mix of vacant and month-to-month tenancy.

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Six-Unit Student Apartment Building

314 N Washington Street, Bloomington, IN 47408

$4,000,000

0.20 AC lot

Two-story townhouse-style units with dedicated baths and garage parking, currently leased through the 26–27 school year.

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Craftsman Duplex with Studio Unit

526 S Woodlawn Avenue, Bloomington, IN 47401

$575,000

2,384 sqft 0.14 AC lot

Craftsman duplex with permitted three-bedroom and studio units, totaling four bedrooms and recently replaced roof and HVAC.

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Duplex with Separate Driveways

851 S Park Square Drive, Bloomington, IN 47403

$279,900

2,600 sqft 0.20 AC lot

Duplex with two private-entry units, one currently rented and one vacant, each laid out with three bedrooms and 1.5 baths.

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Three-Home Residential Income Property

311-321 S Muller Parkway, Bloomington, IN 47403

$395,000

2,664 sqft 0.26 AC lot

Three single-family homes on one lot, including a renovated 4-bedroom unit and two 2-bedroom units.

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Townhome-Style Duplex For Sale

1231-1233 E Tylers Turn, Bloomington, IN 47401

$399,900

2,440 sqft 0.27 AC lot

Arts & Crafts duplex with townhome-style 3-bedroom, 2-bath units, suited for rental income or owner-occupant setups.

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Bloomington, IN Multifamily Properties Market Trends and Statistics

Explore 64 multifamily properties for sale in Bloomington, IN, showcased through 37 active listings on our real estate platform. These investment opportunities span a total of 126,883 square feet of properties for sale, with an estimated market value of $27,430,400.

Sale prices for multifamily properties in Bloomington, IN start at $239,000, averaging $1,015,940, and reaching up to $4,250,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

Demographics Overview

Population 129K

Population Growth (5Y) +5.6%

Median Household Income $60,732

College Educated 52.2%

High-Yield Neighborhoods for Investment

Identify Bloomington submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood	Average Price
47403	$584.6K
47401	$835.5K
47404	$1.6M
47408	$2M

Taxes & Financing

Tax Rate (average for all types) 1.09%

Property Tax per SF $17.52 per SF

Tax Rate vs County Average 0.08 pp above county avg

Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Monroe County

New Delisted

Total CRE Inventory on Market (SF)

Average Property Price per SF

For-sale pricing trends across core commercial property types in Monroe County

Residential Income

Property Size Breakdown

The majority of commercial real estate listings in Bloomington fall within the 10,000 to 25,000 square foot range.

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