509 N Washington is a fully leased 6 bed, 6 bath property located in one of Bloomington’s most desirable student rental areas, just steps from IU campus and Kirkwood Avenue. Currently generating $8,100/month from August 2025 to July 2026, rent increases to $8,910/month for the following lease term August 2026-July 2027. With off-street parking, a prime location, and high demand from large student groups, the property is already preleased two years in advance. This is a rare investment opportunity offering strong returns and long-term stability in the heart of IU student housing.
Active under contract
$1,500,000
509 N Washington St, Bloomington, IN 47408
6beds
2,627sqft
Single Family Residence
Built in 1925
8,712 Square Feet Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Off-street parking
- 388 days |
- 332 |
- 8 |
Zillow last checked:
Listing updated:
Listed by:
Jeff Brawley Office:844-254-7368,
Brawley Real Estate
Source: IRMLS,MLS#: 202530690
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 6
- Full bathrooms: 6
- Main level bedrooms: 2
Bedroom 1
- Level: Main
Bedroom 2
- Level: Main
Heating
- Forced Air
Cooling
- Central Air
Features
- Basement: Crawl Space,Partial,Block
- Has fireplace: No
Interior area
- Total structure area: 2,627
- Total interior livable area: 2,627 sqft
- Finished area above ground: 2,627
- Finished area below ground: 0
Video & virtual tour
Property
Features
- Levels: Two and Half Story
- Stories: 2.5
Lot
- Size: 8,712 Square Feet
- Dimensions: 62X143
- Features: Level
Details
- Parcel number: 530533306044.000005
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Victorian
- Property subtype: Single Family Residence
Materials
- Wood Siding
Condition
- New construction: No
- Year built: 1925
Utilities & green energy
- Sewer: City
- Water: City
Community & HOA
Community
- Subdivision: Northeast Bloomington City
Location
- Region: Bloomington
Financial & listing details
- Tax assessed value: $632,000
- Annual tax amount: $14,748
- Date on market: 8/4/2025
Estimated market value
Not available
Estimated sales range
Not available
$7,068/mo
Price history
| Date | Event | Price |
|---|---|---|
| 7/14/2026 | Listed for rent | $11,100+8.3%$4/sqft |
Source: Zillow Rentals Report a problem | ||
| 9/26/2025 | Listing removed | $10,245$4/sqft |
Source: Zillow Rentals Report a problem | ||
| 8/4/2025 | Listed for sale | $1,500,000+30.4% |
Source:  IRMLS #202530690 Report a problem | ||
| 8/2/2025 | Listing removed | $1,150,000 |
Source: IRMLS #202530209 Report a problem | ||
| 8/1/2025 | Listed for sale | $1,150,000 |
Source: IRMLS #202530209 Report a problem | ||
| 7/17/2025 | Price change | $10,245+4.5%$4/sqft |
Source: Zillow Rentals Report a problem | ||
| 5/6/2025 | Price change | $9,800+1.8%$4/sqft |
Source: Zillow Rentals Report a problem | ||
| 9/18/2024 | Price change | $9,625+8%$4/sqft |
Source: Zillow Rentals Report a problem | ||
| 6/4/2024 | Listed for rent | $8,910-1%$3/sqft |
Source: Zillow Rentals Report a problem | ||
| 2/7/2024 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 2/6/2024 | Price change | $9,000+4.5%$3/sqft |
Source: Zillow Rentals Report a problem | ||
| 11/15/2023 | Listed for rent | $8,610+6.3%$3/sqft |
Source: Zillow Rentals Report a problem | ||
| 9/16/2023 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 9/6/2023 | Price change | $8,100+3.8%$3/sqft |
Source: Zillow Rentals Report a problem | ||
| 7/25/2023 | Price change | $7,800+34.5%$3/sqft |
Source: Zillow Rentals Report a problem | ||
| 6/5/2023 | Listed for rent | $5,800+625%$2/sqft |
Source: Zillow Rentals Report a problem | ||
| 9/24/2021 | Listing removed | -- |
Source: Zillow Rental Manager Report a problem | ||
| 8/19/2021 | Price change | $800-83.3% |
Source: Zillow Rental Manager Report a problem | ||
| 7/30/2021 | Listed for rent | $4,800$2/sqft |
Source: Zillow Rental Manager Report a problem | ||
| 2/27/2021 | Listing removed | -- |
Source: Owner Report a problem | ||
| 11/24/2020 | Listing removed | $4,800$2/sqft |
Source: Owner Report a problem | ||
| 10/20/2020 | Listed for rent | $4,800$2/sqft |
Source: Owner Report a problem | ||
| 1/18/2020 | Listing removed | $4,800$2/sqft |
Source: Owner Report a problem | ||
| 12/28/2019 | Listed for rent | $4,800+6.7%$2/sqft |
Source: Owner Report a problem | ||
| 4/21/2019 | Listing removed | $4,500$2/sqft |
Source: Owner Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $13,773 +2.7% | $671,300 |
| 2024 | $13,408 +13.7% | $671,300 +6.2% |
| 2023 | $11,795 +99.4% | $632,000 +8.7% |
| 2022 | $5,916 -1.2% | $581,300 +104.1% |
| 2021 | $5,990 -1% | $284,800 -1.9% |
| 2020 | $6,054 +0.6% | $290,300 +0.8% |
| 2019 | $6,017 +0.6% | $287,900 +0.8% |
| 2018 | $5,983 +9.4% | $285,500 +0.8% |
| 2017 | $5,467 | $283,300 +6.3% |
| 2016 | $5,467 -0.3% | $266,500 +1.4% |
| 2014 | $5,481 +100.8% | $262,800 +2.5% |
| 2013 | $2,730 +2.5% | $256,400 +0.4% |
| 2012 | $2,663 +11% | $255,500 +5.3% |
| 2011 | $2,399 +0.4% | $242,600 0% |
| 2010 | $2,390 +9.2% | $242,700 |
| 2009 | $2,190 -44% | $242,700 +11.4% |
| 2007 | $3,912 | $217,800 |
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
GreatSchools rating
- 8/10University Elementary SchoolGrades: PK-6Distance: 2.7 mi
- 7/10Tri-North Middle SchoolGrades: 7-8Distance: 0.9 mi
- 9/10Bloomington High School NorthGrades: 9-12Distance: 2.1 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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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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