425 North Walnut Street

Bloomington, IN 47404

$1,250,000
Price
7
Beds
4
Baths
3,614 Sq. Ft.
$346 / Sq. Ft.
3,614
Sq. Ft.
$346
per Sq. Ft.

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...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.
  1. Listed by Jeff Brawley • Brawley Real Estate

Property Details for 425 North Walnut Street

Style
Two Story
Subdivision
Northeast Bloomington City
Waterfront
No
Pet Restrictions
Yes
LISTING UPDATED: 10/15/2024 02:47 PM

Property Details for 425 North Walnut Street

StatusActive
MLS #202439246
Days on Market27
Taxes$21,907 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family / Other
Year Built1969
Lot Size0.10 AC / 4,356 SF
CountyMonroe County

Building Information for 425 North Walnut Street

Stories2Residences4Year Built1969Building Size-Lot Size0.10 AC / 4,356 SF

Property Information for 425 North Walnut Street

Summary
Location and General Information
  • Area: Monroe County
  • City: Bloomington
  • Zip + 4: 3895
  • Zip Code: 47404
  • State: IN
  • Township: Bloomington
  • Geo Latitude: 39
  • Geo Longitude: -87
  • Fips Code: 18105
  • Directions To Property: On N Walnut just before 9th Street
Taxes and HOA
  • Assessed Value $: $1,032,600.00
  • Assoc Dues Frequency: Not Applicable
  • Year Taxes Payable: 2024
  • Parcel Number Id: 53-05-33-300-058.000-005
School Information
  • School District: Monroe County Community School Corp.
  • Elementary: University
  • Middle School: Tri-North
  • High School: Bloomington North
Parking
  • Number Of Parking Spaces: 0
Property
Lot Information
  • Class: INVESTMENT
  • Property Subtype: Other
  • Approx Lot Size Acres: 0.1
  • Lot Dimensions: irregular
  • Below Grade Unfin Sqft: 504.0
  • Total Square Feet: 4118.0
  • Approx Lot Size Sqft: 4356.0
  • Above Grade Finished Sqft: 3614.0
  • Below Grade Finished Sqft: 0.0
  • Total Below Grade Sqft: 504.0
  • Total Finished Sqft: 3614.0
  • Above Grade Unfin Sqft: 0.0
  • Lot Description: Level
Property and Assessments
  • New Construction: No
  • Year Built: 1969
  • Age: 55
  • Planned Unit Development: No
Utilities
  • Sewer: City
  • Water Utility: City
Interior and Exterior Features
Exterior Features
  • Amenities: Detector-Smoke, Eat-In Kitchen
  • Exterior: Vinyl
  • Outbuilding: None
  • Platted: Yes
  • Pool: No
Interior Features
  • Number of Dishwashers: 3
  • Number of Disposals: 3
  • Number of Dryers: 1
  • Number of Microwaves: 3
  • Number of Ranges/Ovens: 3
  • Number of Refrigerators: 3
  • Number of W/D Hookups: 1
  • Number of Washers: 1
  • Basement Material: Block
  • Basement: Yes
  • Basement/Foundation: Crawl, Partial Basement
  • Cooling: Central Air
  • Flooring: Wood
  • Heating/Fuel: Forced Air
  • Stories: 2
  • Number of Above Grade Bedrooms: 7
  • Number of Below Grade Baths: 0
  • Number of Below Grade Bedrooms: 0
  • Total Number of Bedrooms: 7
  • Total Number of Full Baths: 4
  • Total Number of Half Baths: 0
  • Total Baths: 4
  • Number Total Rooms Below Grade: 0
  • Num Of 1 Bedrooms: 0
  • Num Of 2 Bedrooms: 2
  • Num Of 3 Bedrooms: 1
  • Num Of 4 Bedrooms: 0
Multi Family
Multi-Family Information
  • Number of People Allowed: 15
  • Num of Efficiencies: 1
  • Num of Units Rented: 4
  • Number of Units: 4
Income & Expenses Information
  • Annual Electric Expense: $.00
  • Annual Fuel Expense: $.00
  • Annual Gross Rent $: $102,000
  • Annual Insurance Expense: $2,675
  • Annual Maint. Expense: $5,353
  • Annual Misc: $0
  • Annual Net Income: $72,065
  • Annual Property Tax: $21,907
  • Annual Trash Expense: $0
  • Annual Water/Sewer Exp: $0
  • Gross Monthly Income: $8,500
  • Gross Monthly Rent: $8,500
Rental
Rental Information
  • Lease Term: 1 Year
  • Owner Pays: Building Insurance, Lawn Maintenance, Snow Removal
  • Tenant Pays: Electric, Sewer, Water

Property History for 425 North Walnut Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 425 North Walnut Street

Taxable ValueLand$108,000Additions$924,600Total$1,032,600
Tax Record2023$10,953 ($913 / month)
Home Facts
Beds4Baths3.5Total Finished SqFt3,614 SqFtAbove Grade Finished SqFt3,614 SqFtStories2Lot Size4,356 SqFtStyleSingle Family ResidenceYear Built1969Year Renovated2009CountyMONROEAPN53-05-33-300-058.000-005

Schools near 425 North Walnut Street

This home is within Monroe County Com Sch Corp.
Rating
School
Type
Grades
Distance
Public - PK to 6
Public - 7 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
University Elementary School
PublicPK to 6

Tri-North Middle School
Public7 to 8

Bloomington High School North
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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425 North Walnut Street is a multi-family home for sale in Bloomington, IN 47404. This property was listed for sale on October 9, 2024 by Brawley Real Estate, it's currently listed at $1,250,000. It has been on the market for a total of 27 days and was last sold on December 23, 2019. This listing's school district is Monroe County Com Sch Corp. Nearby schools include University Elementary School, Tri-North Middle School and Bloomington High School North. 425 North Walnut Street is a 7-bed, 4-bath, 3,614 sqft multi-family home built in 1969.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Brawley Real Estate

Based on information from one of the following Multiple Listing Services: MIBOR MLS,IRMLS,Southern Indiana REALTORS® Association,Southeastern Indiana Board of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by MIBOR MLS,IRMLS,Southern Indiana REALTORS® Association,Southeastern Indiana Board of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.