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204-206 E 16th St, Bloomington, IN 47408

$749,900
•
  • 8

    bed

  • 4.5

    bath

  • 3,094

    Sqft

Multi-family for sale 54 minutes
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About 204-206 E 16th St

Property type Multi-family
Neighborhood
Year built 1899
HOA fee $0/month
Lot size 8,712 Sqft
Movoto estimate
Parking 10 garage spaces
Property description
Excellent opportunity to own a spacious two-unit investment property conveniently located near Indiana University and downtown Bloomington! Offering a total of 8 bedrooms and 4.5 bathrooms, this property provides strong rental income potential with two generously sized units. The larger unit features 5 bedrooms and 2.5 baths and is currently leased for $2,175 per month. The second unit offers 3 bedrooms and 2 full baths and is currently vacant, with a rental rate of $1,975 per month. Together, the units offer a potential combined rental income of $4,150 per month, or $49,800 annually, when fully occupied. With spacious floor plans, separate living areas, and a convenient location near IU, shopping, dining, and downtown amenities, this property is an attractive opportunity for investors looking to expand their rental portfolio or buyers interested in occupying one unit while generating income from the other.
Listed by
Listing Agent - Andy Walker
Listing Agent Contact: Cell: 812-325-1290
Listing Office - RE/MAX Acclaimed Properties
Source: IRMLS mls logo
MLS#202646115 • last updated 58 minutes ago
Movoto checked IRMLS for data 2 minutes ago
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Overview
Cooling/AC Central Air
Heating Gas, Forced Air
Levels/Style 2, One And Half Story, Traditional
Status Active
MLS # 202646115
Type INVESTMENT
SubType Duplex
SqFt (Total) 3094
SqFt (Finished) 3094
Lot Size (SqFt) 8712
L:ot Size (Acres) 0.2
Property Taxes 8473.25
Foreclosure (Y/N) No
Year Built 1899
Short Sale (Y/N) No
HOA Fees $ Not Applicable
Number of Units 2
Interior
Total # Bathrooms 5
# Full Baths 4
# Half Baths 1
Total # Bedrooms 8
Basement Block
Flooring Carpet, Wood, Vinyl
Exterior
Exterior Vinyl
Basement/ Foundation Partial Basement, Partially Finished
Parking Gravel, Off Street
Lot Dimensions 66X132
Other Structure(s) None
Lot Desc 0-2.9999
Amenities / Utilities
Sewer City
Water City
Amenities Ceiling Fan, Attic-Walk-up, Breakfast Bar, Countertops-Laminate, Eat-In Kitchen
Location
Location City/Town/Suburb
Area Monroe County
Subdivision None
High School Bloomington North
Middle School Tri-North
Elementary School University
School District Monroe County Community School Corp.
APN 53-05-33-202-040.000-005
Waterfront Y/N No
Directions North Walnut To Right On 16th To Property On Left
Multifamily Details
Owner Pays Building Insurance, Lawn Maintenance, Maintenance, Tax
Tenant Pays Cooling, Electric, Fuel, Heating, Sewer, Water
Annual Net Income 13026.75
Expense: Maintenance 2000
Gross Monthly Rent $ 2175
Annual Gross Rent $ 26100
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7/10
University Elementary School
public Grades PK, K-6
Monroe County Com Sch Corp
6/10
Tri-North Middle School
public Grades 7-8
Monroe County Com Sch Corp
7/10
Bloomington High School North
public Grades 9-12
Monroe County Com Sch Corp
Source: GreatSchools.org © 2026. All rights reserved.

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