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

Bloomington
Local realty services provided by:Better Homes and Gardens Real Estate Connections
204-206 E 16th Street,Bloomington, IN 47408
$749,900
Virtual Tour
  • 8 Beds
  • 5 Baths
  • 3,094 sq. ft.
  • Multi-family
  • Active
Listed by: andy walkerCell: 812-325-1290
Office: re/max acclaimed properties
MLS#:202646115
Source:Indiana Regional MLS

Price summary

  • Price:$749,900
  • Price per sq. ft.:$242.37

About this home

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.

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Home facts

  • Year built:1899
  • Subdivision & Development:Northeast Bloomington City
  • Listing ID #:202646115
  • Added:1 day(s) ago
  • Updated:November 09, 2026 at 11:57 PM

Rooms and interior

  • Bedrooms:8
  • Total bathrooms:5
  • Full bathrooms:4
  • Flooring:Carpet, Vinyl, Wood
  • Kitchen Description:Breakfast Bar, Eat-In Kitchen
  • Basement Description:Partial Basement, Partially Finished
  • Living area:3,094 sq. ft.

Heating and cooling

  • Cooling:Central Air
  • Heating:Forced Air, Gas
  • Central air:Yes

Structure and exterior

  • Year built:1899
  • Building area:3,094 sq. ft.
  • Lot area:0.2 Acres
  • Architectural Style:One and Half Story, Traditional
  • Construction Materials:Vinyl
  • Levels:1 1/2 Stories

Schools

  • High school:Bloomington North
  • Middle school:Tri-North
  • Elementary school:University

Utilities

  • Water:City
  • Sewer:City

Finances and disclosures

  • Price:$749,900
  • Price per sq. ft.:$242.37
  • Tax amount:$2,000

Features and amenities

  • Amenities:Attic-Walk-up, Ceiling Fan, Countertops-Laminate

Parking

  • Parking description:Gravel Driveway, Gravel Parking, Off Street Parking
  • Garage spaces:2.5
IRMLS information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. IRMLS Data is deemed reliable but is not guaranteed accurate by the MLS. IRMLS information provided by the Indiana Regional MLS. Copyright 2026 Indiana Regional MLS LLC.

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