Listing courtesy of RE/MAX Acclaimed Properties · Listing agent: Andy Walker · Cell: 812-325-1290
331 S Grant Street
$659,900
$198.41 / sq ft
Bloomington, IN 47401Southeast Bloomington City
- Basement
- Bedrooms
- 4
- Bathrooms
- 6
- Living area
- 3,326 sq ft
- Lot
- 0.22 ac
- Year built
- 1920
- Type
- Multi Family
- Listed
- May 13, 2026
- MLS #
- 202618079
About this home
Located in an Opportunity Zone with potential for significant tax advantages, this 6-unit apartment building offers exceptional investment potential in an A+ location just steps from Bloomington’s thriving downtown and Indiana University. Zoned High Density Multi-Family, the property presents exciting redevelopment possibilities, with current occupancy allowances of up to 5 people per unit creating the potential for a very dense future project (buyer to verify redevelopment options). The property also performs well in its current configuration, with solid rental history and total monthly rents of $4,650. A spacious 2-car garage provides additional storage or potential added utility. Whether you’re looking for an income-producing asset now or a prime redevelopment opportunity for the future, this is a rare chance to invest in one of Bloomington’s most desirable locations. Property is being sold "AS IS".
Property details
Interior
- Levels
- Two
- Stories
- 2
- Total area
- 3,961 sq ft
- Finished area above grade
- 3,326 sq ft
- Unfinished area below grade
- 635 sq ft
- Below grade total
- 635 sq ft
- Bedrooms above grade
- 4
- Basement
- Partial
- Flooring
- Carpet, Laminate, Mixed
- Heating
- Natural Gas, Forced Air
- Cooling
- Central Air, Window Unit(s), Multiple Cooling Units
- Amenities
- Basement, Off Street Parking, Deck Covered, Porch Covered
Exterior & parking
- Construction
- Aluminum Siding, Vinyl Siding
- Foundation
- Block
- Private pool
- No
- Other structures
- Outbuilding
- Outbuilding 1
- 600 sq ft
- New construction
- No
Waterfront & lake
- Waterfront
- No
Lot
- Subdivision
- Southeast Bloomington City
- Lot features
- Irregular Lot
- Lot size (acres)
- 0.22 ac
- Lot dimensions
- Irregular
- Location type
- City/Town/Suburb,Near College Campus
- Inside city limits
- Yes
- County
- Monroe County
- Township
- Perry
- Platted
- Yes
- Planned unit development
- No
- Directions
- From East 3rd Street downtown, South on Grant, property is on the East side of Grant.
Schools
- Elementary school
- Rogers/Binford
- Middle school
- Jackson Creek
- High school
- Bloomington South
- School district
- Monroe County Community School Corp.
Taxes & terms
- Annual taxes
- $13,843
- Tax year
- 2026
- Tax exemptions
- No Exemptions
- Possession
- Negotiable
- Parcel number
- 53-08-04-203-029.000-009
Included in the sale
- Included in sale
- Building,Land,Lease
Utilities
- Water
- City
- Sewer
- Public Sewer
- Electric provider
- Duke Energy Indiana
- Gas provider
- CenterPoint Energy
- Water provider
- Bloomington City Utility
Income & commercial
- Units
- 6
- Annual gross rent
- $55,800
- Net operating income
- $35,035
- Lease term
- 12 Months
- Parking spaces
- 6
- Pets allowed
- Yes
- Tenant pays
- Cable TV
- Water & sewer (annual)
- $1,074
- Electric (annual)
- $3,386
- Fuel (annual)
- $2,462
Location
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