Listing courtesy of FC Tucker/Bloomington REALTORS · Listing agent: Kerry Feigenbaum · kerry.feigenbaum@homefinder.org
314 N Washington Street
Bloomington, IN 47404
- Bedrooms
- 13
- Bathrooms
- 15
- Living area
- 10,560 sq ft
- Lot
- 0.2 ac
- Year built
- 1997
- Type
- Multi Family
- Listed
- July 1, 2026
- MLS #
- 202626061
About this home
Excellent opportunity to purchase a 6 unit building in the heart of Bloomington’s downtown and IU campus. The Gables was originally built as 6 individual condominium units but has been rented to date as student apartment rentals. With the high demand for downtown condo living, this is an investor’s dream. All 6 units are rented for the 26-27 school year, so buyer can take the next 12 months to plan renovations for high-end condominiums sales while earning income. Each 2-story townhouse has generously sized rooms, with a dedicated bath for each bedroom, an additional half bath on the main floor for guests, loads of storage, and 3 parking spots in the garage. With high end finishes, comparable (but hard to find) condominium units are running in the $600/SF price range in downtown Bloomington. Please allow 48 hours for all showing requests to allow for tenant notice.
Monthly payment estimate
$24,814/mo
- Principal & interest
- $21,895
- Property taxes
- $1,752
- Homeowners insurance
- $1,167
- Rate: Freddie Mac's 30-year fixed average for the week of October 1, 2026.
- Taxes: the seller's bill as reported to the MLS. Yours may differ once your own deductions apply.
- Insurance: estimated at 0.35% of the price per year.
- An estimate, not a loan offer. Your rate and payment depend on your credit, loan program and down payment.
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Property details
Interior
- Levels
- Condo
- Stories
- 2
- Total area
- 10,560 sq ft
- Finished area above grade
- 10,560 sq ft
- Bedrooms above grade
- 13
- Flooring
- Carpet, Laminate
- Heating
- Natural Gas, Conventional, Heat Pump
- Cooling
- Central Air
- Amenities
- Off Street Parking, Cable Ready, Ceiling-9+, Closet(s) Walk-in, Countertops-Laminate, Detector-Smoke, Fire Sprinkler System, Kitchen Island, Landscaped, Open Floor Plan, Water Heater Gas
Exterior & parking
- Style
- Condo/Co-op Attached
- Construction
- Brick
- Roof
- Shingle
- Parking
- Concrete, Garage, Off Street, Paved
- Private pool
- No
- New construction
- No
Waterfront & lake
- Waterfront
- No
Lot
- Lot features
- Level
- Lot size (acres)
- 0.2 ac
- Lot dimensions
- 8712
- Location type
- City/Town/Suburb
- Inside city limits
- Yes
- County
- Monroe County
- Township
- Bloomington
- Platted
- Yes
- Planned unit development
- No
- Directions
- From North take College S to 8th Street and turn left, turn R on Washington and property on your left.
Schools
- Elementary school
- Fairview
- Middle school
- Tri-North
- High school
- Bloomington North
- School district
- Monroe County Community School Corp.
HOA & community
- Community amenities
- Sidewalks
Taxes & terms
- Annual taxes
- $21,025
- Tax year
- 25
- Possession
- Subject to Tenant Rights
- Parcel number
- 53-05-33-310-198.000-005
Included in the sale
- Included in sale
- Building,Business,Land
Utilities
- Water
- City
- Sewer
- Public Sewer
- Electric provider
- Duke Energy Indiana
- Gas provider
- CenterPoint Energy
- Water provider
- Bloomington City Utility
Income & commercial
- Units
- 6
- Buildings
- 1
- Annual gross rent
- $168,660
- Net operating income
- $108,372
- Lease term
- 12 Months
- Parking spaces
- 18
- Pets allowed
- No
- Tenant pays
- Cable TV, Cooling, Electricity, Heat, Sewer, Water
- Electric meters
- 6
- Gas meters
- 6
- Water meters
- 6
- Insurance (annual)
- $6,400
- Electric (annual)
- $3,200
- Trash (annual)
- $3,600
- Maintenance (annual)
- $24,000
Location
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- 40 beds
- 40 baths
- 23,310 sq ft
Listing courtesy of CRM Properties, Inc
