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".
Active
$659,900
331 S Grant St, Bloomington, IN 47401
4beds
3,326sqft
Multi Family
Built in 1920
-- sqft lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
- 103 days |
- 317 |
- 8 |
Zillow last checked:
Listing updated:
Listed by:
Andy Walker Cell:812-325-1290,
RE/MAX Acclaimed Properties
Source: IRMLS,MLS#: 202618079
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 6
- Full bathrooms: 6
Heating
- Natural Gas, Forced Air
Cooling
- Central Air, Window Unit(s), Multi Units
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
Video & virtual tour
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
$6,480/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
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: Elm Heights
Nearby schools
GreatSchools rating
- NARogers Elementary SchoolGrades: K-2Distance: 1.3 mi
- 8/10Jackson Creek Middle SchoolGrades: 7-8Distance: 2.9 mi
- 10/10Bloomington High School SouthGrades: 9-12Distance: 1.4 mi
Schools provided by the listing agent
- Elementary: Rogers/Binford
- Middle: Jackson Creek
- High: Bloomington South
- 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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A local agent can set up tours, give advice and negotiate with sellers.
A local lender can help you make sure your offer is ready when you are.
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