Excellent opportunity to purchase a 6 unit building in the heart of Bloomington’s downtown and IU campus. The Gables was originally built as 6 individual condominium units but has been rented to date as student apartment rentals. With the high demand for downtown condo living, this is an investor’s dream. All 6 units are rented for the 26-27 school year, so buyer can take the next 12 months to plan renovations for high-end condominiums sales while earning income. Each 2-story townhouse has generously sized rooms, with a dedicated bath for each bedroom, an additional half bath on the main floor for guests, loads of storage, and 3 parking spots in the garage. With high end finishes, comparable (but hard to find) condominium units are running in the $600/SF price range in downtown Bloomington. Please allow 48 hours for all showing requests to allow for tenant notice.
Active
$4,000,000
314 N Washington St, Bloomington, IN 47408
13beds
10,560sqft
Multi Family
Built in 1997
-- sqft lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
High end finishesLoads of storageGenerously sized rooms
- 125 days
- 402
- 13
Zillow last checked:
Listing updated:
Listed by:
Kerry Feigenbaum kerry.feigenbaum@homefinder.org,
FC Tucker/Bloomington REALTORS,
Brian Thompson,
FC Tucker/Bloomington REALTORS
Source: IRMLS,MLS#: 202626061
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 13
- Bathrooms: 18
- Full bathrooms: 12
- 1/2 bathrooms: 6
Heating
- Natural Gas, Conventional, Heat Pump
Cooling
- Central Air
Appliances
- Included: Gas Water Heater
Features
- Ceiling-9+, Walk-In Closet(s), Laminate Counters, Kitchen Island, Open Floorplan
- Flooring: Carpet, Laminate
- Basement: None
Interior area
- Total structure area: 10,560
- Total interior livable area: 10,560 sqft
- Finished area above ground: 10,560
- Finished area below ground: 0
Video & virtual tour
Property
Parking
- Total spaces: 18
- Parking features: Basement, Garage, Off Street, Paved, Off Street Parking, Concrete
- Attached garage spaces: 18
- Has uncovered spaces: Yes
Features
- Stories: 2
Lot
- Size: 8,712 Square Feet
- Features: Level, City/Town/Suburb, Landscaped
Details
- Additional structures: None
- Parcel number: 530533310198.000005
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
- Attached to another structure: Yes
Materials
- Brick
- Roof: Shingle
Condition
- New construction: No
- Year built: 1997
Utilities & green energy
- Electric: Duke Energy Indiana
- Gas: CenterPoint Energy
- Sewer: City
- Water: City, Bloomington City Utility
- Utilities for property: Cable Connected
Community & HOA
Community
- Features: Sidewalks
- Security: Smoke Detector(s), Fire Sprinkler System
- Subdivision: None
Location
- Region: Bloomington
Financial & listing details
- Tax assessed value: $1,062,000
- Annual tax amount: $21,024
- Date on market: 7/1/2026
- Inclusions: Building, Business, Land
- Lease term: 12 Months
- Total actual rent: 168660
- Tenant pays: Cable TV, Cooling, Electricity, Heating, Sewer, Water
Estimated market value
Not available
Estimated sales range
Not available
$1,272/mo
Price history
| Date | Event | Price |
|---|---|---|
| 7/1/2026 | Listed for sale | $4,000,000 |
Source:  IRMLS #202626061 Report a problem | ||
| 11/22/2023 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 11/21/2023 | Price change | $1,800-3.7% |
Source: Zillow Rentals Report a problem | ||
| 11/1/2023 | Price change | $1,870+3.9% |
Source: Zillow Rentals Report a problem | ||
| 11/1/2023 | Price change | $1,800-12.6% |
Source: Zillow Rentals Report a problem | ||
| 9/6/2023 | Price change | $2,060+2.5% |
Source: Zillow Rentals Report a problem | ||
| 9/6/2023 | Listed for rent | $2,010 |
Source: Zillow Rentals Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $21,174 -4.6% | $1,062,000 +2.9% |
| 2024 | $22,204 | $1,032,000 -1.4% |
| 2023 | -- | $1,046,600 |
| 2022 | -- | -- |
| 2021 | -- | -- |
| 2020 | -- | -- |
| 2019 | -- | -- |
| 2018 | -- | -- |
| 2017 | -- | -- |
| 2016 | -- | -- |
| 2014 | -- | -- |
| 2013 | -- | -- |
| 2012 | -- | -- |
| 2011 | -- | -- |
| 2010 | -- | -- |
| 2009 | -- | -- |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: Old Northeast Downtown
Nearby schools
Schools provided by the listing agent
- Elementary: Fairview
- Middle: Tri-North
- High: Bloomington North
- District: Monroe County Community School Corp.
Source: IRMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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