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.
Active
Price cut: $25K (2/26)
$1,125,000
425 N Walnut St, Bloomington, IN 47404
7beds
3,614sqft
Est.:
Multi Family
Built in 1969
-- sqft lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
- 199 days
- on Zillow |
- 468 |
- 9 |
Zillow last checked: 7 hours ago
Listing updated: April 09, 2025 at 11:18am
Listed by:
Jeff Brawley Office:812-336-6888,
Brawley Real Estate
Source: IRMLS,MLS#: 202439246

Travel times
Tour with a buyer’s agent
Tour with a buyer’s agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 7
- Bathrooms: 4
- Full bathrooms: 4
Heating
- Forced Air
Cooling
- Central Air
Features
- Eat-in Kitchen
- Flooring: Wood
- Basement: Crawl Space,Partial,Block
Interior area
- Total structure area: 4,118
- Total interior livable area: 3,614 sqft
- Finished area above ground: 3,614
- Finished area below ground: 0
Video & virtual tour
Property
Features
- Levels: Two
- Stories: 2
Lot
- Size: 4,356 Square Feet
- Features: Level
Details
- Additional structures: None
- Parcel number: 530533300058.000005
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Vinyl Siding
Condition
- New construction: No
- Year built: 1969
Utilities & green energy
- Sewer: City
- Water: City
Community & HOA
Community
- Security: Smoke Detector(s)
- Subdivision: Northeast Bloomington City
Location
- Region: Bloomington
Financial & listing details
- Tax assessed value: $1,032,600
- Annual tax amount: $21,906
- Date on market: 10/9/2024
- Inclusions: Building
- Lease term: 12 Months
- Total actual rent: 102000
- Tenant pays: Electricity, Sewer, Water
- Loading
- Loading