Active

$1,099,000

425 N Walnut St, Bloomington, IN 47404

7beds

3,614sqft

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Multi Family

Built in 1969

-- sqft lot

$-- Zestimate^®

$--/sqft

$-- HOA

What's special

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.

633 days

182

8

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Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 7
Bathrooms: 4
Full bathrooms: 4

Heating

Forced Air

Cooling

Central Air

Features

Eat-in Kitchen
Flooring: Wood
Basement: Crawl Space,Partial,Block

Interior area

Total structure area: 4,118
Total interior livable area: 3,614 sqft
Finished area above ground: 3,614
Finished area below ground: 0

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Property

Features

Levels: Two
Stories: 2

Lot

Size: 4,356 Square Feet
Features: Level

Details

Additional structures: None
Parcel number: 530533300058.000005

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Materials

Vinyl Siding

Condition

New construction: No
Year built: 1969

Utilities & green energy

Sewer: City
Water: City

Community & HOA

Community

Security: Smoke Detector(s)
Subdivision: Northeast Bloomington City

Location

Region: Bloomington

Financial & listing details

Tax assessed value: $1,032,600
Annual tax amount: $21,906
Date on market: 10/9/2024
Inclusions: Building
Lease term: 12 Months
Total actual rent: 102000
Tenant pays: Electricity, Sewer, Water

Estimated market value

Not available

Estimated sales range

Not available

$3,663/mo

Price history

Date	Event	Price
11/21/2025	Price change	$1,099,000-2.3%
Source: IRMLS #202439246 Report a problem
2/26/2025	Price change	$1,125,000-2.2%
Source: IRMLS #202439246 Report a problem
12/4/2024	Price change	$1,150,000-8%
Source: IRMLS #202439246 Report a problem
10/9/2024	Listed for sale	$1,250,000
Source: IRMLS #202439246 Report a problem

Public tax history

Tax history is unavailable.

Monthly payment

Est. payment

Payment breakdown

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All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.

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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