Bloomington, IN Multifamily Properties for Sale

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Updated: Jun 22

Triplex with Multiple Garages and Vacant Lot

1024 W Country Club Drive, Bloomington, IN 47403

$340,000

3,552 sqft 0.77 AC lot

Three fully rented units plus a separately deeded vacant lot
0.77‑acre total lot and 3,552 SF triplex
Central air and shingle roof
Fireplace included
Multiple garages including a shared 4‑car garage and a 1‑car garage/shed with loft

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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 24

10-Bed Duplex with Balconies

326-328 N Jefferson Street, Bloomington, IN 47408

$1,485,000

4,280 sqft 0.18 AC lot

4,280‑square‑foot duplex with 10 bedrooms and private en‑suite bathrooms
Under construction with a 2026 year built designation
Pre‑leased for the upcoming school year
Large balconies, open‑concept living areas, modern kitchens, and in‑unit laundry
Central air, vinyl flooring, and off‑street parking

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Quadplex With Separate Deeds

1024 N Country Club Drive, Bloomington, IN 47403

$550,000

4,750 sqft 1.69 AC lot

Income property combining rental residences, an apartment, R2 land, and multiple accessory buildings.

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Two-Unit Duplex with Wood Floors

501 S Highland Avenue, Bloomington, IN 47401

$725,000

2,321 sqft 0.01 AC lot

Corner-lot duplex near Indiana University with central air, wood flooring, and separate upper- and lower-level apartments.

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10-Bed New Construction Duplex

326-328 N Jefferson St, Bloomington, IN 47408

$1,485,000

4,280 sqft

Purpose-built student housing offers private bathrooms, open living areas, and in-unit laundry.

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Duplex with Upstairs Loft

920 N Madison Street, Bloomington, IN 47404

$500,000

2,145 sqft 0.20 AC lot

Zoned R4 and sold with an additional nearby duplex, featuring a loft with extra bedroom and bathroom.

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6-Unit Townhouse Apartment Building

314 N Washington Street, Bloomington, IN 47404

$4,000,000

10,560 sqft 0.20 AC lot

Townhouse-style layouts provide private bedroom baths, guest half baths, and substantial storage.

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Mixed-Use Property With Salon

2312 S Rogers Street, Bloomington, IN 47403

$549,900

2,790 sqft 0.18 AC lot

Two upper-level apartments complement an operating salon, with off-street parking and central air serving the property.

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Six-Unit Apartment Property

100-106 S Yancy Ln, Bloomington, IN 47404

$799,000

6,624 sqft 1.07 AC lot

Three duplex buildings provide six three-bedroom units with individual carports on Bloomington’s west side.

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6-Unit Apartment Building

331 S Grant Street, Bloomington, IN 47401

$659,900

3,326 sqft 0.22 AC lot

Two-story apartment property with central air, mixed flooring, and garage storage.

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Duplex With Covered Front Porch

302 N Jefferson Street, Bloomington, IN 47408

$1,485,000

4,358 sqft 0.14 AC lot

The property includes private rear parking for each residence and a covered front porch.

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Multifamily Property with Duplex Use

317 W 14th St, Bloomington, IN 47404

$500,000

2,760 sqft 0.33 AC lot

Double-lot property with existing residential structures, onsite parking, and a storage shed.

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21-Unit Furnished Apartment Building

604 N Smith Road, Bloomington, IN 47408

$2,790,000

18,863 sqft 0.75 AC lot

Contemporary furnished apartments with private laundry, resident parking, and access to nearby university, dining, shopping, and nightlife amenities.

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Mixed-Use Property with Salon

2312 S Rogers St, Bloomington, IN 47403

$549,900

2,790 sqft

Operational salon with upper-level apartments and on-site parking supports multiple income sources.

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Duplex with Separate Cottage

1416 S Madison Street, Bloomington, IN 47403

$275,000

1,460 sqft 0.20 AC lot

Two approved dwellings provide a three-bedroom main home and a separate cottage with off-street parking.

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Craftsman Duplex with Updated Systems

526 S Woodlawn Avenue, Bloomington, IN 47401

$550,000

2,384 sqft 0.14 AC lot

Two-unit residential property near campus with permitted occupancy for four residents and a three-bedroom-plus-studio layout.

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Eight-Bedroom Duplex Near Campus

501 S Highland Avenue, Bloomington, IN 47401

$725,000

2,321 sqft

Corner-lot duplex with two apartments, hardwood floors, and established rental history.

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Two-Story Duplex

851 S Park Square Drive, Bloomington, IN 47403

$279,900

2,600 sqft 0.20 AC lot

Two residences feature private entrances, separate driveways, and flexible occupancy options.

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Limestone Multifamily Property

516 S Mitchell St, Bloomington, IN 47401

$579,000

2,704 sqft

Limestone residence with flexible bedroom capacity, a large backyard, and a side-entry garage near Indiana University.

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Renovated Triplex with Parking

311-321 S Muller Parkway, Bloomington, IN 47403

$395,000

2,664 sqft 0.26 AC lot

Three one-family residences share a Bloomington parcel, with central air and off-street parking across the property.

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6-Unit Apartment Building

331 S Grant St, Bloomington, IN 47401

$659,900

3,326 sqft

High Density Multi-Family zoning and a 2-car garage add functional flexibility.

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Ranch Duplex with Garage

4501 + 4503 E Stephens Drive, Bloomington, IN 47408

$239,000

1,352 sqft 0.29 AC lot

Two one-bedroom units offer separate living, dining, kitchen, bath, and storage areas in a tenant-occupied residential property.

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Duplex Near Campus

526 S Woodlawn Ave, Bloomington, IN 47401

$575,000

2,384 sqft

Two permitted rental units include a three-bedroom layout and a studio.

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Arts & Crafts Duplex

1231-1233 E Tylers Turn, Bloomington, IN 47401

$399,900

2,440 sqft 0.27 AC lot

Two townhome-style units offer three bedrooms and two baths per side with central air and off-street parking.

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Bloomington, IN Multifamily Properties Market Trends and Statistics

Explore 72 multifamily properties for sale in Bloomington, IN, showcased through 61 active listings on our real estate platform. These investment opportunities span a total of 245,066 square feet of properties for sale, with an estimated market value of $43,537,800.

Sale prices for multifamily properties in Bloomington, IN start at $239,000, averaging $853,682, and reaching up to $4,000,000 — 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	$502.8K
47401	$565.3K
47404	$1.1M
47408	$1.3M

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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Bloomington, IN Multifamily Properties for Sale

1024 W Country Club Drive, Bloomington, IN 47403

326-328 N Jefferson Street, Bloomington, IN 47408

1024 N Country Club Drive, Bloomington, IN 47403

501 S Highland Avenue, Bloomington, IN 47401

326-328 N Jefferson St, Bloomington, IN 47408

920 N Madison Street, Bloomington, IN 47404

314 N Washington Street, Bloomington, IN 47404

2312 S Rogers Street, Bloomington, IN 47403

100-106 S Yancy Ln, Bloomington, IN 47404

331 S Grant Street, Bloomington, IN 47401

302 N Jefferson Street, Bloomington, IN 47408