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Listed by Laura Stevens • The Indiana Team LLC
$ 435,000
Est. payment | /mo
8,712 Sqft Lot
$ 435,000
Est. payment | /mo
8,712 Sqft Lot
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Subdivision Bloomington
MLS Listing ID 22043254
Year Built 1920
Tax Year 2024
Lot Size 8,712 Sqft
Acres 0.2
Property Sub-Type Triplex
Property Description
This well-maintained triplex sits in the heart of Bloomington's vibrant McDoel Gardens neighborhood-just steps from Switchyard Park, the B-Line Trail, Hopscotch Coffee, Cardinal Spirits, and Southern Stone Restaurant. Located on the city bus line, the property offers both exceptional convenience and strong tenant appeal. Each of the three units features dedicated climate control with Mini Split HVAC systems in every bedroom and living area. Tenants or guests enjoy a fully fenced backyard and two off-street parking spaces per unit. A new roof and gutters were installed in April 2025, and most furnishings are included with the sale (list available upon request). Most recently used as a highly profitable Airbnb, the property offers multiple options: continue short-term rentals, switch to long-term tenants, or live in one unit while renting the others. Income potential is especially strong during IU events like football weekends and graduation. The unfinished 1,345 sq. ft. basement provides generous storage or possible expansion into a fourth unit with the addition of a fire escape. Whether you're an investor looking for strong returns or a homeowner wanting to offset your mortgage with rental income this property is a great opportunity in one of Bloomington's most vibrant and walkable neighborhoods.
Location
State IN
County Monroe
Interior
Heating Baseboard
Cooling Ductless
Fireplace N
Exterior
Garage Spaces 4.0
Building
Story One
Foundation Block
New Construction false
Schools
Elementary Schools Templeton Elementary School
High Schools Bloomington High School South
School District Monroe County Community Sch Corp
Others
Virtual Tour https://www.zillow.com/view-imx/9461dbad-9948-4344-a5be-01ab1c442c7e?setAttribution=mls&wl=true&initialViewType=pano&utm_source=dashboard
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