Listing courtesy of Carpenter, REALTORS-Bloomington · Listing agent: Edward Buthelezi · Cell: 812-671-3070
5601 S Handy Road
Bloomington, IN 47401
- 3.5 acres
- Bedrooms
- 2
- Bathrooms
- 1
- Living area
- 800 sq ft
- Lot
- 3.5 ac
- Year built
- 1899
- Type
- Site-Built Home
- Listed
- September 28, 2026
- MLS #
- 202640211
About this home
Potential Alert!! checkout this unique property situated on 3.5 acres on Bloomington’s desirable south side. Offering incredible versatility, this parcel features two separate single-family dwellings—both being sold strictly as-is—making it an ideal setup for a multi-unit rental portfolio, a family compound, or a value-add flip. Left Unit: A charming 2-bedroom, 1-bath home featuring a solid limestone exterior and an detached 1-car garage. It just needs a buyer with vision to bring its classic character back to life. Right Unit: A 2-bedroom, 1-bath single-family home with vinyl siding, offering a great canvas for renovations and updates. Location is everything, and this property delivers. Enjoy room to spread out on expansive acreage while staying just minutes from southside amenities, including easy access to Lake Monroe for boating, fishing, racing, and outdoor recreation. Whether you're searching to build passive income or execute a high-upside transformation, 5601 S Handy Rd is packed with opportunity. Bring your contractor and your vision!
Monthly payment estimate
$1,262/mo
- Principal & interest
- $958
- Property taxes
- $253
- Homeowners insurance
- $51
- Rate: Freddie Mac's 30-year fixed average for the week of October 1, 2026.
- Taxes: the seller's 2025 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.
Get pre-approved
Know your real budget before you tour, and make a stronger offer. We'll connect you with a local lender.
Property details
Interior
- Levels
- One
- Total rooms
- 4
- Total area
- 800 sq ft
- Finished area above grade
- 800 sq ft
- Bedrooms above grade
- 2
- Full baths, main level
- 1
Exterior & parking
- Construction
- Vinyl Siding, Limestone
- Private pool
- No
- New construction
- No
Waterfront & lake
- Waterfront
- No
Lot
- Lot features
- Irregular Lot
- Lot size (acres)
- 3.5 ac
- Lot dimensions
- irregular
- County
- Monroe County
- Township
- Perry
- Platted
- Yes
- Planned unit development
- No
- Directions
- traveling south on Fairfax, take a left turn on E Moffett Lane and travel straight towards E Stipp Rd and turn Left on S Handy. the Property will be on your right
Schools
- Elementary school
- Lakeview
- Middle school
- Jackson Creek
- High school
- Bloomington South
- School district
- Monroe County Community School Corp.
Taxes & terms
- Annual taxes
- $3,034
- Tax year
- 2025
- Possession
- at closing
- Parcel number
- 53-08-26-300-030.000-008
Utilities
- Water
- Public
- Sewer
- Septic Tank
Location
Similar homes
$175,000
5920 S Phyllis Street
Bloomington, IN 47403
- 3 beds
- 1 bath
- 1,008 sq ft
Listing courtesy of Carpenter, REALTORS-Bloomington
$175,000
Listed Jun 242913 W Winterberry Court
Bloomington, IN 47404-1230
- 3 beds
- 1.5 baths
- 1,611 sq ft
Listing courtesy of RE/MAX Acclaimed Properties
$175,000
Listed Jul 6563 E Graham Place
Bloomington, IN 47401-4532
- 3 beds
- 2.5 baths
- 1,425 sq ft
Listing courtesy of The Indiana Team LLC
