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425 N Walnut St, Bloomington, IN 47404

  • $1,099,000

  • 7

    bed

  • 4

    bath

  • 3,614

    Sqft

Multi-family for sale 654 days
$26K price drop
Movoto is helping 15 homebuyers near you

About 425 N Walnut St

Property type Multi-family
Neighborhood
Year built 1969
HOA fee $0/month
Lot size 4,356 Sqft
Movoto estimate
Property description
This exceptional multi-unit property offers an ideal investment in the thriving Bloomington rental market. Located in a prime area near downtown and Indiana University, 425 N Walnut Street consists of 4 units, combining for a total of 7 bedrooms, 4 bathrooms, and a bonus commercial space. The property is fully leased through July 2026, providing stable cash flow with current rental income of $8,500 per month through July 2025, increasing to $8,900 per month for the following lease term (August 2025 - July 2026). With a strong rental demand driven by proximity to IU and Bloomington's downtown, this property is positioned to deliver long-term value appreciation and consistent returns. Investors will benefit from both the immediate rental income and future growth potential.
Listed by
Listing Agent - Jeff Brawley
Listing Agent Contact: Office: 844-254-7368
Listing Office - Brawley Real Estate
Source: IRMLS mls logo
MLS#202439246 • last updated 8 months ago
Movoto checked IRMLS for data 17 minutes ago
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Overview
Cooling/AC Central Air
Heating Forced Air
Levels/Style 2, Two Story
Status Active
MLS # 202439246
Virtual Tour External Link
Type INVESTMENT
SubType Other
SqFt (Total) 4118
SqFt (Finished) 3614
Lot Size (SqFt) 4356
L:ot Size (Acres) 0.1
Property Taxes 21906.6
Foreclosure (Y/N) No
Year Built 1969
Short Sale (Y/N) No
HOA Fees $ Not Applicable
Number of Units 4
Interior
Total # Bathrooms 4
# Full Baths 4
Total # Bedrooms 7
Basement Block
Flooring Wood
Exterior
Exterior Vinyl
Basement/ Foundation Crawl, Partial Basement
Lot Dimensions Irregular
Other Structure(s) None
Lot Desc Level
Amenities / Utilities
Sewer City
Water City
Amenities Detector-Smoke, Eat-In Kitchen
Location
Area Monroe County
Subdivision Northeast Bloomington City
High School Bloomington North
Middle School Tri-North
Elementary School University
School District Monroe County Community School Corp.
APN 53-05-33-300-058.000-005
Waterfront Y/N No
Directions On N Walnut Just Before 9th Street
Multifamily Details
Owner Pays Building Insurance, Lawn Maintenance, Snow Removal
Tenant Pays Electric, Sewer, Water
Annual Net Income 72065.42
Expense: Maintenance 5352.98
Gross Monthly Rent $ 8500
Annual Gross Rent $ 102000
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7/10
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Source: GreatSchools.org © 2026. All rights reserved.

Around Old Northeast

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  • Real Estate
  • IN
  • Monroe County
  • Bloomington
  • 47404
  • Old Northeast
  • 425 N Walnut St

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