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425 N Walnut St, Bloomington, IN, 47404

$1,250,000

Home List Price

$10,000*

Closing Credit

0 Baths
House

Location

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425 N Walnut St, Bloomington$1,250,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeOther
Year Built1969
HeatingForced Air
CoolingCentral Air
MLS #202439246
Lot Size0.10 Acres
StatusActive

About 425 N Walnut St

This exceptional multi-unit property offers an ideal investment in the thriving Bloomington rental market. Located in a prime area near downtown and Indiana University, 425 N Walnut Street consists of 4 units, combining for a total of 7 bedrooms, 4 bathrooms, and a bonus commercial space. The property is fully leased through July 2026, providing stable cash flow with current rental income of $8,500 per month through July 2025, increasing to $8,900 per month for the following lease term (August 2025 - July 2026). With a strong rental demand driven by proximity to IU and Bloomington's downtown, this property is positioned to deliver long-term value appreciation and consistent returns. Investors will benefit from both the immediate rental income and future growth potential.

Property Details

Property Features

Property Information:

  • Year Built: 1969
  • Stories: 2

Listing Office:

  • Office Name: Brawley Real Estate
  • Office Phone: (812) 336-6888
  • Listing Agent: Jeff Brawley

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  • Virtual Tour: 425 N Walnut St
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Lot Features

Lot Information:

  • Lot Size: 0.10 Acres

Utilities

Utilities Information:

  • Heating: Forced Air
  • Cooling: Central Air

Other

Directions Information:

  • Directions: On N Walnut just before 9th Street

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,250,000

Tax Information:

  • Annual Amount: $9,978
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Bloomington, IN.

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Bloomington, IN

City

Med. Sold Price

$294.7K

Med. Price/SqFt

$183

Avg. Days On Market

30

# of Sold Homes

99

425 N Walnut St vs Bloomington

46 DAYS ON ROCKET

+16 Days

$1,250,000

+$955.2K More

KEY TAKEAWAY

This property is $955.2K more than the Median Sold Price in Bloomington, IN.

Based on homes sold in October 2024

MLS Details

MLS Information:

  • MLS Number: #202439246

Listing Office:

  • Office Name: Brawley Real Estate
  • Office Phone: (812) 336-6888
  • Listing Agent: Jeff Brawley

IDX The data on this website relating to real estate for sale comes in part from the Internet Data Exchange (IDX) program of the Indiana Regional MLS (IRMLS). IDX 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. Data is deemed reliable but is not guaranteed accurate by the MLS. ©2011-2024 Indiana Regional MLS. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/25/2024, 2:20:48 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2020$9,978$489,600
2019$10,008$471,600
2017$5,584$262,900

History based on county public records data.

Payment Calculator

$6,306

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$3,814

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-1271560
5
/10

  • Fairview Elementary School

  • 627 W 8th St

  • 0.32 miles

  • Public District Grades PK-6

school-card-donut-1271561
5
/10

  • Templeton Elementary School

  • 1400 S Brenda Ln

  • 1.35 miles

  • Public District Grades PK-6

school-card-donut-1271562
3
/10

  • Arlington Heights Elementary School

  • 700 W Parrish Rd

  • 1.36 miles

  • Public District Grades PK-6

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $13,797. The most common annual income of people living in Bloomington, IN is less than $35k. Residents typically live in single, no kids family. Typical level of education for residents in this area is post secondary degree.

All data provided by Home Junction and Claritas

Living In Bloomington, IN

Content displayed has been generated by an AI model trained on a diverse range of data. While efforts have been made to ensure the quality and reliability of the content, there may be limitations or inaccuracies. The content should not be considered as a substitute for professional advice, and we recommend consulting with appropriate experts and independent sources for specific information or guidance. We assume no responsibility for any consequences arising from the use of this content.

Types of housing in Bloomington, IN.

The housing landscape in Bloomington is diverse, with single-family homes being a significant component, complemented by a selection of apartments and townhouses. The architectural styles vary, with a mix of modern, traditional, and craftsman influences. A substantial portion of the housing stock was developed in the latter part of the 20th century, reflecting a period of growth and expansion.

What is it like to live in Bloomington, IN?

Bloomington is celebrated for its vibrant cultural scene and the presence of Indiana University, which infuses the city with a youthful energy. The community prides itself on a blend of academic, artistic, and musical events throughout the year, contributing to the city's dynamic and inclusive atmosphere.

Is it easy to get around Bloomington, IN without a car?

Residents of Bloomington benefit from a robust educational system, including a number of public and private schools that cater to various educational needs. The city is home to multiple healthcare facilities offering a range of services from primary care to specialized treatments. Retail and dining options are plentiful, showcasing local flavors and contributing to the city's charm. Efforts are continuously made to adapt services to the evolving needs of the population.

Transportation in Bloomington, IN.

Bloomington's transport infrastructure supports both private and public transit options, with a network of roads and highways facilitating travel in and around the city. Public transportation is available, with schedules designed to accommodate commuters and students. The city is also attentive to walkability and bikeability, particularly in areas with higher pedestrian traffic. Ride-sharing services are operational, providing additional mobility solutions for residents and visitors.

Frequently Asked Questions About 425 N Walnut St

What is the listing price of this property?

The listing price of 425 N Walnut St property is $1,250,000.

What type of property is this?

The property 425 N Walnut St is a house located in Bloomington, Indiana, 47404.

Is this property for sale now?

Active Listing: 425 N Walnut St is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $9,978 (source: MLS/based on county public records data).

Which year was this property built?

The year of construction for 425 N Walnut St is 1969.

Rocket Homes›Indiana›Monroe County›Bloomington›47404›425 N Walnut St

This home is located at 425 N Walnut St in Bloomington, IN and zip code 47404. This home was built in 1969. It has been listed on Rocket Homes since October 09, 2024 and is currently priced at $1,250,000.

Over 13 listings were sold over their listed price in October 2024 in Bloomington, IN. In the same period over 62 listings were sold below the listed price and 21 listings were sold for the listed price. The inventory of homes for sale in Bloomington, IN between September 2024 and October 2024 increased by 3.1%. While the average time on the market in October 2024 was 30 days, the median list price was $294,750.

From Rocket Homes Real Estate and based on county public records data.

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