204-206 E 16th ST, Bloomington, IN 47408-1728
204-206 E 16th ST, Bloomington, IN 47408-1728
204-206 E 16th ST, Bloomington, IN 47408-1728
204-206 E 16th ST, Bloomington, IN 47408-1728
204-206 E 16th ST, Bloomington, IN 47408-1728
204-206 E 16th ST, Bloomington, IN 47408-1728
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Kegan Inman

Kegan Inman

Inman Realty Company LLC

+1(812) 798-0204
Listed by Andy Walker • RE/MAX Acclaimed Properties • Cell: 812-325-1290
$ 749,900
Est. payment | /mo

8 Beds

5 Baths

3,094 SqFt

Save Virtual Tour
$ 749,900
Est. payment | /mo
Save Virtual Tour

8 Beds

5 Baths

3,094 SqFt

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Square Footage 3,094 sqft

Subdivision Northeast Bloomington City

MLS Listing ID IRM202646115

Style Traditional

Bedrooms 8

Full Baths 4

Half Baths 1

HOA Y/N No

Year Built 1899

Annual Tax Amount $8,473

Tax Year 2026

Lot Size 8,712 Sqft

Acres 0.2

Lot Dimensions 66 x 132

Property Sub-Type Duplex

Property Description

Excellent opportunity to own a spacious two-unit investment property conveniently located near Indiana University and downtown Bloomington! Offering a total of 8 bedrooms and 4.5 bathrooms, this property provides strong rental income potential with two generously sized units. The larger unit features 5 bedrooms and 2.5 baths and is currently leased for $2,175 per month. The second unit offers 3 bedrooms and 2 full baths and is currently vacant, with a rental rate of $1,975 per month. Together, the units offer a potential combined rental income of $4,150 per month, or $49,800 annually, when fully occupied. With spacious floor plans, separate living areas, and a convenient location near IU, shopping, dining, and downtown amenities, this property is an attractive opportunity for investors looking to expand their rental portfolio or buyers interested in occupying one unit while generating income from the other.

Location

State IN

County Monroe County

Rooms

Basement Partial, Partially Finished

Interior

Heating Gas, Forced Air

Inclusions Building, Land, Lease

Fireplace N

Exterior

Parking Features Gravel, Off Street

Waterfront Description None

View Y/N true

Total Parking Spaces 10

Building

Lot Description 0-2.9999

Story One and One Half

Sewer Public Sewer

Water City

Level or Stories One and One Half

New Construction No

Schools

Elementary Schools University

Middle Schools Tri-North

High Schools Bloomington North

School District Monroe County Community School Corp.

Others

Pets Allowed No

Tax ID 53-05-33-202-040.000-005

Monthly Total Fees $2, 000

Acceptable Financing IRM202646115

Listing Terms IRM202646115

Special Listing Condition None

Pets Allowed Yes

Virtual Tour https://www.propertypanorama.com/instaview/irmls/202646115

Indiana Regional MLS (IRMLS)
IDX information provided by the Indiana Regional MLS. © 2026 Listings courtesy of Indiana Regional MLS as distributed by MLS GRID. All Rights Reserved.

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Kegan Inman
Kegan Inman

Managing Broker Indiana RB22002037

+1(812) 798-0204 | kegan@inmanrealty.com

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