Here is a rare opportunity to purchase a duplex in a sought-after neighborhood on Bloomington's Eastside, near to the IU Health hospital, Indiana University, IU sporting events, shopping, and restaurants. There is a HAND (Housing And Neighborhood Development) rental occupancy permit for six total occupants; the permit is good through July 10, 2029. Each side of the duplex features a spacious one bedroom floorplan of nearly 700 square feet per unit, with kitchen, living room, dining area, bedroom, bath, and storage. Unit 4501 has an attached one car garage. Many options are available for a new buyer/investor: Rent out one side and live in the other, Airbnb both units, or rent out both sides to long-term tenants. New roof and gutters were installed in 2025 and new garage door. The property is currently managed by Action Property Management. Action P.M. takes care of mowing and trimming. Tenants pay all utilities and handle their own snow removal. Unit 4503 is on a month-to-month lease beginning June 1, 2026 and would consider renewing. NOTES: Washer, dryer, and microwave for each unit are excluded; they belong to the tenants. A minimum of 24 hours' notice is required for showings as the duplex has tenants in both sides.
Active
Price cut: $20K (6/25)
$239,000
4501-4503 E Stephens Dr, Bloomington, IN 47408
2beds
1,352sqft
:
Get pre-qualified$1,524/mo
Duplex
Built in 1962
-- sqft lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Attached one car garageDining areaNew garage door
- 86 days |
- 329 |
- 7 |
Zillow last checked:
Listing updated:
Listed by:
Melissa Murphy Cell:812-327-6162,
Century 21 Scheetz - Bloomington
Source: IRMLS,MLS#: 202615469
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Conventional, Wall Furnace
Cooling
- Window Unit(s)
Appliances
- Included: Gas Water Heater
Features
- Laminate Counters
- Flooring: Carpet, Vinyl
- Has basement: No
Interior area
- Total structure area: 1,352
- Total interior livable area: 1,352 sqft
- Finished area above ground: 1,352
- Finished area below ground: 0
Video & virtual tour
Property
Parking
- Total spaces: 7
- Parking features: Attached, Garage, Gravel, Off Street, On Street
- Attached garage spaces: 1
- Has uncovered spaces: Yes
Features
- Levels: One
- Stories: 1
- Fencing: None
Lot
- Size: 0.29 Acres
- Features: Level, 0-2.9999, City/Town/Suburb
Details
- Additional structures: None
- Parcel number: 530536202005.000005
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Ranch
- Property subtype: Duplex
Materials
- Vinyl Siding
- Foundation: Slab
- Roof: Asphalt
Condition
- New construction: No
- Year built: 1962
Utilities & green energy
- Electric: Duke Energy Indiana
- Gas: CenterPoint Energy
- Sewer: Public Sewer
- Water: Public, Bloomington City Utility
- Utilities for property: Cable Available, Cable Connected
Community & HOA
Community
- Features: None
- Subdivision: Eastern Heights
Location
- Region: Bloomington
Financial & listing details
- Annual tax amount: $5,367
- Date on market: 4/29/2026
- Listing terms: Cash,Conventional
- Inclusions: Building, Land
- Lease term: Month To Month,Other
- Total actual rent: 17400
- Tenant pays: Cable TV, Cooling, Electricity, Heating, Sewer, Trash Collection, Water
- Road surface type: Asphalt
Estimated market value
Not available
Estimated sales range
Not available
$1,496/mo
Price history
| Date | Event | Price |
|---|---|---|
| 6/25/2026 | Price change | $239,000-7.7% |
Source:  IRMLS #202615469 Report a problem | ||
| 4/29/2026 | Listed for sale | $259,000 |
Source: IRMLS #202615469 Report a problem | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: Eastern Heights
Nearby schools
GreatSchools rating
- 9/10University Elementary SchoolGrades: PK-6Distance: 0.3 mi
- 7/10Tri-North Middle SchoolGrades: 7-8Distance: 3.8 mi
- 9/10Bloomington High School NorthGrades: 9-12Distance: 4.2 mi
Schools provided by the listing agent
- Elementary: University
- 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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