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Courtesy of RE/MAX Acclaimed Properties, Andy Walker, Cell: 812-325-1290
8 Beds
5 Baths
3,094 sqft

$749,900

204-206 E 16th Street, Bloomington IN, 47408-1728

Built in1899
Property size3,094 sqft
Property typeMulti-family

Overview

Active

Updated 2 days ago

Excellent opportunity to own a spacious two-unit investment property conveniently located near Indiana University and downtown Bloomington! Offering a total of 8 bedrooms and 4.5 bathrooms, this property provides strong rental income potential with two generously sized units. The larger unit features 5 bedrooms and 2.5 baths and is currently leased for $2,175 per month. The second unit offers 3 bedrooms and 2 full baths and is currently vacant, with a rental rate of $1,975 per month. Together, the units offer a potential combined rental income of $4,150 per month, or $49,800 annually, when fully occupied. With spacious floor plans, separate living areas, and a convenient location near IU, shopping, dining, and downtown amenities, this property is an attractive opportunity for investors looking to expand their rental portfolio or buyers interested in occupying one unit while generating income from the other.

$4,989/mo

Est. mortgage payment based on a $749,900 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
202646115

Interior Features

Bedrooms
8
Bathrooms
5
Cooling
Yes
Heating
Yes
Basement
Yes

Exterior Features

Lot Size
0.2 Acres

Other Property Details

Taxes
$8,473
Tax Frequency
Annually
Maintenance Expense
$2,000
Municipality
Bloomington
Pets Allowed
Yes
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Listings courtesy of Indiana Regional MLS as distributed by MLS GRID 

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Data last updated 4:03 AM UTC, 11/11/2026

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