Listing courtesy of FC Tucker/Bloomington REALTORS · Listing agent: Jeff Franklin · franklin@tuckerbloomington.com

Virtual tour
ActiveDuplex

501 S Highland Avenue

$725,000

$421.27 / sq ft

Est. $5,084/mo

Bloomington, IN 47401Southeast Bloomington City

  • Basement
Bedrooms
8
Bathrooms
2
Living area
2,321 sq ft
Lot
0.01 ac
Year built
1925
Type
Duplex
Listed
August 14, 2026
MLS #
202633293

About this home

Rare investment opportunity for an absolutely primo duplex an arm’s length from Indiana University campus. This south of campus stunning home on a corner lot has apermit for eight with an upper level unit with six total bedrooms, and two full baths with hardwood floors, a beautiful kitchen and great rental history. The lower level apartment is twobedroom one bath and has an entrance to the north side. These pristine units. are ideally located on the south side of the Indiana University campus, near restaurants, coffee shops, thebookstore, and all of the Indiana University activities.

Monthly payment estimate

$5,084/mo

Principal & interest
$3,968
Property taxes
$904
Homeowners insurance
$212
Your loan

  • Rate: Freddie Mac's 30-year fixed average for the week of October 1, 2026.
  • Taxes: the seller's 2026 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.
Change taxes, insurance and more in the full calculator

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Property details

Interior

Levels
Two
Stories
2
Total area
3,202 sq ft
Finished area above grade
1,721 sq ft
Finished area below grade
600 sq ft
Unfinished area below grade
881 sq ft
Below grade total
1,481 sq ft
Bedrooms above grade
6
Bedrooms below grade
2
Basement
Full
Flooring
Wood
Heating
Natural Gas, Forced Air
Cooling
Central Air
Amenities
Basement

Exterior & parking

Construction
Vinyl Siding
Private pool
No
New construction
No

Waterfront & lake

Waterfront
No

Lot

Subdivision
Southeast Bloomington City
Lot features
Irregular Lot
Lot size (acres)
0.01 ac
Lot dimensions
Irregular
County
Monroe County
Township
Perry
Platted
Yes
Planned unit development
No
Directions
GPS Friendly

Schools

Elementary school
Rogers/Binford
Middle school
Jackson Creek
High school
Bloomington South
School district
Monroe County Community School Corp.

Taxes & terms

Annual taxes
$10,848
Tax year
2026
Possession
Subject to Tenantsm Rights
Parcel number
53-08-03-207-012.000-009

Included in the sale

Included in sale
Building,Lease

Utilities

Water
Public
Sewer
Public Sewer

Income & commercial

Units
2
Annual gross rent
$77,400
Net operating income
$66,552
Lease term
12 Months
Parking spaces
1
Pets allowed
Yes
Tenant pays
Cable TV, Electricity, Water

Location

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$725,000

8 beds · 2 baths