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Property summary
This exceptional investment opportunity presents a three-unit multifamily property located at 311 S Muller Pkwy, Bloomington, IN 47403. The portfolio comprises three single-family homes totaling 2,624 square feet, situated on a convenient west-side location with easy access to I-69. The property offers a compelling price point of $495,000, translating to $188.64 per square foot and $165,000 per unit. Each unit is currently leased, generating strong rental income. One unit, located at 311 S Muller Pkwy, is a four-bedroom, two-bathroom home with a basement, commanding a monthly rent of $2,850. The remaining two units, situated at 317 and 321 S Muller Pkwy, are each two-bedroom, one-bathroom homes, each leased for $1,350 per month. Ample tenant parking is available, with eight spots provided. This turnkey investment is ideal for those seeking a stable, high-yield rental portfolio in a desirable Bloomington location. The property is a one-story building, offering ease of maintenance and management. This is a net lease investment, providing a straightforward and potentially lucrative opportunity. The property's strong rental income and prime location make it a highly attractive investment prospect.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Derived from the Bloomington market rent, vacancy and expense benchmarks for this use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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