# 4501 + 4503 E Stephens Drive, Bloomington, IN 47408

> **TL;DR:** 2bd/2ba multi-family, $259,000 ($192/sqft), 1,352 sqft. Est. $1,122/mo. Listed 33 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $259,000 |
| Price/sqft | $192 |
| Bedrooms | 2 |
| Bathrooms | 2 full |
| Square Feet | 1,352 |
| Lot Size | 12,632 sqft (0.29 acres) |
| Stories | 1 |
| Property Type | Multi-Family (Duplex) |
| Status | For Sale |
| Days on Market | 33 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $1,122 |
| **Total** | **$1,122** |

## Nearby Schools

- **Elementary:** University
- **Middle:** Tri-North
- **High:** Bloomington North

## Property Highlights

- 0.29 acre lot

## Description

### Agent Description
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.

## Location

- **Address:** 4501 + 4503 E Stephens Drive, Bloomington, IN 47408
- **County:** Monroe County
- **Neighborhood:** Eastern Heights
- **Coordinates:** 39.175668, -86.477035
- **Google Maps:** https://www.google.com/maps?q=39.175668,-86.477035

## Listing Agent

- **Name:** Melissa Murphy
- **Brokerage:** Century 21 Scheetz - Bloomington
- **Phone:** 8123276162
- **Email:** melissa.murphy@homefinder.org

## Primary Photo

![4501 + 4503 E Stephens Drive - Primary Photo](http://lh.rdcpix.com/ab906ebd38769613eda13c58489475e3l-f3867329863r.jpg)

*36 total photos available on [listing page](https://www.propertysimple.com/listing/4501-4503-e-stephens-drive-bloomington-in-47408-02615469)*

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**MLS#:** 202615469 | **Updated:** 2026-06-17
**Source:** listhub

*Copyright © 2026 Indiana Uplands Realtor® Association. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.com/listing/4501-4503-e-stephens-drive-bloomington-in-47408-02615469)

---

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