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204-206 E 16th Street Bloomington, IN $ 749,900
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$ 749,900 Get more info
204-206 E 16th Street
$ 749,900
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204-206 E 16th Street

Bloomington, IN, 47408
$ 749,900
Bedrooms7 Baths4.1 Sq 3,094

Monthly Estimate*

$ 5,179

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Multi-Family Home for sale in Bloomington, IN

for $749,900 with 7 bedrooms and 4 full baths, 1 half bath. This 3,094 square foot home was built in 1899.

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.

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Multi-Family Active

Price

$ 749,900

Bedrooms

7

Full Bath

4

Half Bath

1

Property Type

Multi-Family

Taxes

$ 8,473

Style

Traditional

Year Built

1899

Town/City

Bloomington

County/Region

Monroe

MLS | Web ID

202646115
Features
General
Heating Gas Forced Air
Cooling Central Air
Sewer City
# of Buildings 1
Status Active Active
Full Baths 4
Half Baths 1
Bathrooms 5
Year Built 1899
Parking Gravel Off Street
New Construction No
Tenant Pays Cooling Electric Fuel Heating Sewer Water
Subdivision Northeast Bloomington City
Style One and Half Story
Stories Count 2
Township Bloomington
Class INVESTMENT
Type Duplex
Age 127
Net Income 13026.75
Rent Income 26100
Features Ceiling Fan Attic-Walk-up Breakfast Bar Countertops-Laminate Eat-In Kitchen
Inside City Limits Yes
REO No
Status Detail 0
Area Monroe County
Location City/Town/Suburb Near College Campus
High School Bloomington North
City Bloomington
School District Monroe County Community School C
Architectural Style Traditional
Total Sq Ft 3094
Elementary School University
Middle School Tri-North
Legal Description FULWIDER LOT 53
Virtual Tour https://www.propertypanorama.com/instaview/irmls/202646115
Agent First Name Andy
Agent Last Name Walker
DOM 0
Tax Year 2026
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Interior
Basement Partial Basement Partially Finished
Flooring Carpet Wood Vinyl
Beds 8
Total Number of Units 2
Microwaves 0
Refrigerators 2
Washers 2
Dryer(s) 2
Dishwasher(s) 2
Disposal(s) 2
Above Grade Bedrooms 8
Below Grade Baths 1
Below Grade Bedrooms 0
Total Rooms Below Grade 1
Ranges/Ovens 2
W/D Hookups 2
Basement Material Block
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Exterior
Exterior Vinyl
Driveway Gravel
Pool No
Number of Parking Spaces 10
Lot Size Area 8712
Lot Dimensions 66 x 132
Lot Description 0-2.9999
Water Meters 2
Electric Meters 2
Outbuilding None
Water Features None
Gas Meters 2
Waterfront Y/N No
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* Excluded Features
List By
Andy Walker

Listing Agent

Re/Max Acclaimed Properties

Broker

awalker@homefinder.org

Email

Affordability Calculator

$5,885
Per Month
88%
12%
0%
Monthly Principal & Interest
$5,179
Monthly Property Taxes
$706
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
1235846 Elementary School
1235877 Middle School
Bloomington North High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
11/9/2026$749,900 Listed Price

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204-206 E 16th Street, Bloomington, IN, 47408 is a Multi-Family Home for sale at $749,900 with 3,094 sqft. 204-206 E 16th Street has 7 bedrooms, 4.1 baths, and was built in 1899. The property's zip code is 47408 which is in Bloomington, IN

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