Active

$659,900

331 S Grant St, Bloomington, IN 47401

4beds

3,326sqft

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Multi Family

Built in 1920

-- sqft lot

$-- Zestimate^®

$--/sqft

$-- HOA

What's special

Located in an Opportunity Zone with potential for significant tax advantages, this 6-unit apartment building offers exceptional investment potential in an A+ location just steps from Bloomington’s thriving downtown and Indiana University. Zoned High Density Multi-Family, the property presents exciting redevelopment possibilities, with current occupancy allowances of up to 5 people per unit creating the potential for a very dense future project (buyer to verify redevelopment options). The property also performs well in its current configuration, with solid rental history and total monthly rents of $4,650. A spacious 2-car garage provides additional storage or potential added utility. Whether you’re looking for an income-producing asset now or a prime redevelopment opportunity for the future, this is a rare chance to invest in one of Bloomington’s most desirable locations. Property is being sold "AS IS".

55 days

226

9

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Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 4
Bathrooms: 6
Full bathrooms: 6

Heating

Natural Gas, Forced Air

Cooling

Central Air, Multi Units, Window Unit(s)

Features

Flooring: Carpet, Laminate, Mixed
Basement: Partial,Block

Interior area

Total structure area: 3,961
Total interior livable area: 3,326 sqft
Finished area above ground: 3,326
Finished area below ground: 0

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Property

Parking

Total spaces: 6
Parking features: Off Street Parking

Features

Levels: Two
Stories: 2
Patio & porch: Deck Covered, Porch Covered

Lot

Size: 9,726 Square Feet
Features: Irregular Lot, City/Town/Suburb, Near College Campus

Details

Additional structures: Outbuilding
Parcel number: 530804203029.000009
Zoning: RH

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Materials

Aluminum Siding, Vinyl Siding
Foundation: Basement

Condition

New construction: No
Year built: 1920

Utilities & green energy

Electric: Duke Energy Indiana
Gas: CenterPoint Energy
Sewer: City
Water: City, Bloomington City Utility

Community & HOA

Community

Subdivision: Southeast Bloomington City

Location

Region: Bloomington

Financial & listing details

Tax assessed value: $700,200
Annual tax amount: $13,843
Date on market: 5/13/2026
Inclusions: Building, Land, Lease
Lease term: 12 Months
Total actual rent: 55800
Tenant pays: Cable TV

Estimated market value

Not available

Estimated sales range

Not available

$6,704/mo

Price history

Date	Event	Price
5/13/2026	Listed for sale	$659,900-2.2%
Source: IRMLS #202618079 Report a problem
12/13/2024	Listing removed	$675,000
Source: IRMLS #202443462 Report a problem
11/8/2024	Listed for sale	$675,000-3.6%
Source: IRMLS #202443462 Report a problem
2/16/2024	Listing removed	$699,900
Source: IRMLS #202339282 Report a problem
10/25/2023	Listed for sale	$699,900
Source: IRMLS #202339282 Report a problem
1/17/2023	Listing removed	--
Source: RE/MAX International Report a problem
12/6/2022	Listed for sale	$699,900
Source: IRMLS #202248817 Report a problem
10/31/2022	Pending sale	$699,900$210/sqft
Source: RE/MAX International #202228790 Report a problem
10/31/2022	Contingent	$699,900
Source: IRMLS #202228790 Report a problem
7/13/2022	Listed for sale	$699,900$210/sqft
Source: RE/MAX International #202228790 Report a problem
6/24/2021	Listing removed	--
Source: RE/MAX International Report a problem
10/30/2020	Listed for sale	$699,900$210/sqft
Source: RE/MAX Acclaimed Properties #202043921 Report a problem
5/12/2020	Listing removed	$699,900$210/sqft
Source: RE/MAX Acclaimed Properties #202002325 Report a problem
1/17/2020	Listed for sale	$699,900$210/sqft
Source: RE/MAX Acclaimed Properties #202002110 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$13,528 +25.5%	$700,200 +6%
2024	$10,777 +1.9%	$660,800 +29.7%
2023	$10,579 +5.1%	$509,300 -2.5%
2022	$10,068 -1.9%	$522,500 +7.6%
2021	$10,262 +34.7%	$485,700 -2.2%
2020	$7,621 +0.1%	$496,500 +37%
2019	$7,615 +0.4%	$362,400 +0.3%
2018	$7,585 +51.7%	$361,300 +0.6%
2017	$4,999	$359,100
2016	$4,999 -0.4%	$359,100 +49%
2014	$5,018 +1%	$241,000 +0.6%
2013	$4,971 +4%	$239,500 +1.2%
2012	$4,780 +7.4%	$236,700 +3.1%
2011	$4,450 -0.4%	$229,500
2010	$4,469 +4.7%	$229,500
2009	$4,268	$229,500

Find assessor info on the county website

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HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

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