331 S Grant Street, Bloomington, IN 47401

Bloomington
Local realty services provided by:ERA First Advantage Realty, Inc.
331 S Grant Street,Bloomington, IN 47401
$659,900
Virtual Tour
  • 4 Beds
  • 6 Baths
  • 3,326 sq. ft.
  • Multi-family
  • Active
Listed by: andy walkerCell: 812-325-1290
Office: re/max acclaimed properties
MLS#:202618079
Source:Indiana Regional MLS

Price summary

  • Price:$659,900
  • Price per sq. ft.:$166.6

About this home

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 occupancy 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".

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Home facts

  • Year built:1920
  • Listing ID #:202618079
  • Added:47 day(s) ago
  • Updated:June 30, 2026 at 03:15 PM

Rooms and interior

  • Bedrooms:4
  • Total bathrooms:6
  • Full bathrooms:6
  • Flooring:Carpet, Laminate, Mixed
  • Basement Description:Partial Basement
  • Living area:3,326 sq. ft.

Heating and cooling

  • Cooling:Central Air, Multiple Cooling Units, Window
  • Heating:Forced Air, Gas
  • Central air:Yes

Structure and exterior

  • Year built:1920
  • Building area:3,326 sq. ft.
  • Lot area:0.22 Acres
  • Lot Features:Irregular
  • Architectural Style:Two Story
  • Construction Materials:Aluminum, Vinyl
  • Exterior Features:Deck Covered, Porch Covered
  • Levels:2 Stories

Schools

  • High school:Bloomington South
  • Middle school:Jackson Creek
  • Elementary school:Rogers/Binford

Utilities

  • Water:City
  • Sewer:City

Finances and disclosures

  • Price:$659,900
  • Price per sq. ft.:$166.6

Parking

  • Garage spaces:1
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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