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About This Home
This 4-bedroom, 6-bathroom residential multi family at 331 S Grant Street in Bloomington, IN is listed for $659,900 ($198 per sqft). the home offers 3,326 sqft of living space on a 0.22 acres lot.
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 occup
ancy 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".
Key Features
- 0.22 acre lot
- 2 stories
Property Details
Amenities
Monthly Cost Estimate
$3,529/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
331 S Grant Street
Bloomington, IN 47401
Southeast Bloomington City
Features & Amenities
Exterior Features
Property Details
Flooring
Heating
Cooling
Appliances
Questions & Answers
This 4-bedroom, 6-bathroom residential multi family at 331 S Grant Street is listed at $659,900 ($198/sqft). The estimated monthly payment is $2,860 based on 20% down at 6.5% interest.
Key features include: 0.22 acre lot, 2 stories. Exterior Features: Basement, Off Street Parking, Deck Covered.
This property is listed by Andy Walker and can be reached at 8123251290 or awalker@homefinder.org.








