About 425 N Walnut Street
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.
Features of 425 N Walnut Street
| MLS® # | 202439246 |
|---|---|
| Price | $1,125,000 |
| Bedrooms | 7 |
| Bathrooms | 4.00 |
| Full Baths | 4 |
| Square Footage | 3,614 |
| Acres | 0.10 |
| Year Built | 1969 |
| Type | Multifamily |
| Sub-Type | Other |
| Status | Active |
Community Information
| Address | 425 N Walnut Street |
|---|---|
| Subdivision | Northeast Bloomington City |
| City | Bloomington |
| County | Monroe County |
| State | IN |
| Zip Code | 47404 |
Amenities
| Features | Detector-Smoke, Eat-In Kitchen |
|---|---|
| Is Waterfront | No |
| Has Pool | No |
Interior
| Interior | Wood |
|---|---|
| Heating | Forced Air |
| Cooling | Central Air |
| # of Stories | 2 |
| Stories | Two Story |
| Has Basement | Yes |
| Basement | Crawl, Partial Basement |
Exterior
| Exterior | Vinyl |
|---|---|
| Lot Description | Level |
| Construction | No |
| Foundation | Block |
School Information
| District | Monroe County Community School Corp. |
|---|---|
| Elementary | University |
| Middle | Tri-North |
| High | Bloomington North |
Additional Information
| Days on Market | 390 |
|---|---|
| Foreclosure | No |
| RE / Bank Owned | No |
| HOA Fees Freq. | Not Applicable |
Listing Details
| Agent | Jeff Brawley |
|---|---|
| Office | Brawley Real Estate |
| Contact Info | Office: 844-254-7368 |