# 4501 + 4503 E Stephens Drive, Bloomington, IN 47408 > **TL;DR:** 2bd/2ba multi-family, $239,000 ($177/sqft), built 1962, 1,352 sqft. Est. $1,279/mo. Listed 139 days. ## Property at a Glance | Attribute | Value | |-----------|-------| | Price | $239,000 | | Price/sqft | $177 | | Bedrooms | 2 | | Bathrooms | 2 full | | Square Feet | 1,352 | | Year Built | 1962 | | Lot Size | 12,632 sqft (0.29 acres) | | Stories | 1 | | Property Type | Multi-Family (Duplex) | | Status | Active | | Days on Market | 139 | ## Estimated Monthly Costs | Category | Amount | |----------|--------| | Principal & Interest (20% down, 30-year at 6.5%) | $1,209 | | Estimated Insurance | $70 | | **Total** | **$1,279** | ## Nearby Schools - **Elementary:** University - **Middle:** Tri-North - **High:** Bloomington North ## Property Highlights - Built in 1962 - 0.29 acre lot - 7 parking spaces ## 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 ## Virtual Tour & Media - **Video Tour:** https://www.propertypanorama.com/instaview/irmls/202615469 ## Listing Agent - **Name:** Melissa Murphy - **Brokerage:** Century 21 Scheetz - **Phone:** 8123276162 - **Broker Phone:** (317) 844-5111 ## Photos ![4501 + 4503 E Stephens Drive - Photo 1](http://lh.rdcpix.com/44da6c92ea67a6d7c50cdbedc6c44989l-f3867329863r.jpg) ![4501 + 4503 E Stephens Drive - Photo 2](http://lh.rdcpix.com/44da6c92ea67a6d7c50cdbedc6c44989l-f2690925259r.jpg) ![4501 + 4503 E Stephens Drive - Photo 3](http://lh.rdcpix.com/44da6c92ea67a6d7c50cdbedc6c44989l-f47994191r.jpg) ![4501 + 4503 E Stephens Drive - Photo 4](http://lh.rdcpix.com/44da6c92ea67a6d7c50cdbedc6c44989l-f2640746189r.jpg) ![4501 + 4503 E Stephens Drive - Photo 5](http://lh.rdcpix.com/44da6c92ea67a6d7c50cdbedc6c44989l-f2330251141r.jpg) ![4501 + 4503 E Stephens Drive - Photo 6](http://lh.rdcpix.com/44da6c92ea67a6d7c50cdbedc6c44989l-f3939626112r.jpg) ![4501 + 4503 E Stephens Drive - Photo 7](http://lh.rdcpix.com/44da6c92ea67a6d7c50cdbedc6c44989l-f40337295r.jpg) ![4501 + 4503 E Stephens Drive - Photo 8](http://lh.rdcpix.com/44da6c92ea67a6d7c50cdbedc6c44989l-f2316196171r.jpg) ![4501 + 4503 E Stephens Drive - Photo 9](http://lh.rdcpix.com/44da6c92ea67a6d7c50cdbedc6c44989l-f1349482334r.jpg) ![4501 + 4503 E Stephens Drive - Photo 10](http://lh.rdcpix.com/44da6c92ea67a6d7c50cdbedc6c44989l-f2634235659r.jpg) ![4501 + 4503 E Stephens Drive - Photo 11](http://lh.rdcpix.com/44da6c92ea67a6d7c50cdbedc6c44989l-f3988126857r.jpg) ![4501 + 4503 E Stephens Drive - Photo 12](http://lh.rdcpix.com/44da6c92ea67a6d7c50cdbedc6c44989l-f408634158r.jpg) ![4501 + 4503 E Stephens Drive - Photo 13](http://lh.rdcpix.com/44da6c92ea67a6d7c50cdbedc6c44989l-f3551593319r.jpg) ![4501 + 4503 E Stephens Drive - Photo 14](http://lh.rdcpix.com/44da6c92ea67a6d7c50cdbedc6c44989l-f350391424r.jpg) ![4501 + 4503 E Stephens Drive - Photo 15](http://lh.rdcpix.com/44da6c92ea67a6d7c50cdbedc6c44989l-f2444228289r.jpg) ![4501 + 4503 E Stephens Drive - Photo 16](http://lh.rdcpix.com/44da6c92ea67a6d7c50cdbedc6c44989l-f3267157990r.jpg) ![4501 + 4503 E Stephens Drive - Photo 17](http://lh.rdcpix.com/44da6c92ea67a6d7c50cdbedc6c44989l-f3642974030r.jpg) ![4501 + 4503 E Stephens Drive - Photo 18](http://lh.rdcpix.com/44da6c92ea67a6d7c50cdbedc6c44989l-f2787334733r.jpg) ![4501 + 4503 E Stephens Drive - Photo 19](http://lh.rdcpix.com/44da6c92ea67a6d7c50cdbedc6c44989l-f1194206013r.jpg) ![4501 + 4503 E Stephens Drive - Photo 20](http://lh.rdcpix.com/44da6c92ea67a6d7c50cdbedc6c44989l-f1268521240r.jpg) ![4501 + 4503 E Stephens Drive - Photo 21](http://lh.rdcpix.com/44da6c92ea67a6d7c50cdbedc6c44989l-f2393673578r.jpg) ![4501 + 4503 E Stephens Drive - Photo 22](http://lh.rdcpix.com/44da6c92ea67a6d7c50cdbedc6c44989l-f480299078r.jpg) ![4501 + 4503 E Stephens Drive - Photo 23](http://lh.rdcpix.com/44da6c92ea67a6d7c50cdbedc6c44989l-f2251351911r.jpg) ![4501 + 4503 E Stephens Drive - Photo 24](http://lh.rdcpix.com/44da6c92ea67a6d7c50cdbedc6c44989l-f2827872290r.jpg) ![4501 + 4503 E Stephens Drive - Photo 25](http://lh.rdcpix.com/44da6c92ea67a6d7c50cdbedc6c44989l-f2176196382r.jpg) ![4501 + 4503 E Stephens Drive - Photo 26](http://lh.rdcpix.com/44da6c92ea67a6d7c50cdbedc6c44989l-f2611983289r.jpg) ![4501 + 4503 E Stephens Drive - Photo 27](http://lh.rdcpix.com/44da6c92ea67a6d7c50cdbedc6c44989l-f2363738564r.jpg) ![4501 + 4503 E Stephens Drive - Photo 28](http://lh.rdcpix.com/44da6c92ea67a6d7c50cdbedc6c44989l-f2687041679r.jpg) ![4501 + 4503 E Stephens Drive - Photo 29](http://lh.rdcpix.com/44da6c92ea67a6d7c50cdbedc6c44989l-f1932848895r.jpg) ![4501 + 4503 E Stephens Drive - Photo 30](http://lh.rdcpix.com/44da6c92ea67a6d7c50cdbedc6c44989l-f3956382644r.jpg) ![4501 + 4503 E Stephens Drive - Photo 31](http://lh.rdcpix.com/44da6c92ea67a6d7c50cdbedc6c44989l-f2317476613r.jpg) ![4501 + 4503 E Stephens Drive - Photo 32](http://lh.rdcpix.com/44da6c92ea67a6d7c50cdbedc6c44989l-f1980946643r.jpg) ![4501 + 4503 E Stephens Drive - Photo 33](http://lh.rdcpix.com/44da6c92ea67a6d7c50cdbedc6c44989l-f4267869299r.jpg) ![4501 + 4503 E Stephens Drive - Photo 34](http://lh.rdcpix.com/44da6c92ea67a6d7c50cdbedc6c44989l-f1068016427r.jpg) ![4501 + 4503 E Stephens Drive - Photo 35](http://lh.rdcpix.com/44da6c92ea67a6d7c50cdbedc6c44989l-f496097290r.jpg) ![4501 + 4503 E Stephens Drive - Photo 36](http://lh.rdcpix.com/44da6c92ea67a6d7c50cdbedc6c44989l-f1244160508r.jpg) --- **MLS#:** 202615469 | **Updated:** 2026-09-12 **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.ai/listing/4501-4503-e-stephens-drive-bloomington-in-47408-02615469) --- ## Structured Data ```json { "@context": "https://schema.org", "@type": "RealEstateListing", "@id": "https://www.propertysimple.ai/listing/4501-4503-e-stephens-drive-bloomington-in-47408-02615469#listing", "url": "https://www.propertysimple.ai/listing/4501-4503-e-stephens-drive-bloomington-in-47408-02615469", "name": "4501 + 4503 E Stephens Drive, Bloomington, IN 47408", "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. 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