For Sale
$999,900

1308 Atwater Ave Bloomington, IN 47401

Income-producing duplex near IU

Property records and analytics

Overview

Added:
Dec 11, 2024
Days on market:
137
This exceptional two-unit student housing property, located at 1308 Atwater Ave, Bloomington, IN 47401, presents a compelling investment opportunity. The property boasts a total of 3,000 square feet across a two-story building, offering eight bedrooms and four bathrooms distributed evenly between the two units. Each unit includes convenient off-street parking. Currently fully leased, generating a monthly income of $7,575, this figure is projected to increase to $8,100 per month in August 2025, ensuring a strong and consistent cash flow. The property's prime location near Indiana University guarantees high tenant demand and low vacancy rates. The asking price is $999,900, representing $499,950 per unit. The property's Net Operating Income (NOI) is $65,373. The occupancy date for the next lease cycle is July 1, 2026. This turnkey investment is ideal for those seeking a stable, high-yield return in a thriving college town market. The property's strong performance and location make it a truly exceptional opportunity.

Highlights

  • Income-producing duplex near Indiana University, fully leased through July 2026.
  • Two 4-bedroom, 2-bathroom units with off-street parking.
  • $7,575 monthly rent, increasing to $8,100 in August 2025.
  • Prime location with strong rental demand and high occupancy.
  • Asking price: $999,900; $499,950 per unit; NOI: $65,373.

Property Details for 1308 Atwater Ave

Property type
Dormitories, Student housing
Square Feet
3,000 SF
Buildings
1
Stories
2
Units
2

Location Insight

City
Bloomington
County
Monroe
State
Indiana
Latitude
39.163093241386
Longitude
-86.517135697946

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FAQs

What type of property is this?
Dormitory - Income-producing duplex near IU
Where is the dormitory located?
The property is located at 1308 Atwater Ave Bloomington, IN.
What is the asking price?
The asking price for this property is $999,900.
What are key features of this property?
This property features: Income-producing duplex near Indiana University, fully leased through July 2026.; Two 4-bedroom, 2-bathroom units with off-street parking.; $7,575 monthly rent, increasing to $8,100 in August 2025.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
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Contacts

Jeff Brawley
Jeff Brawley
Visit Broker Website

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Atwater Ave
Bloomington, IN 47401

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Atwater Ave
Bloomington, IN 47401

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Disclaimer

The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.

We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.

By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.

1308 Atwater Ave
  • Jeff Brawley
    Jeff Brawley
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