REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your advisor will contact you to discuss available opportunities.

In-PersonVirtual Tour

Ryan Klingle

ryan@812houses.com +1(812) 296-4150

$ 239,000

Est. payment -/mo

Save Virtual Tour

Price Dropped by $20K

4501 + 4503 E Stephens Drive Bloomington, IN 47408

2 Beds

2 Baths

1,352 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Square Footage 1,352 sqft

Subdivision Eastern Heights

MLS Listing ID 202615469

Style One Story

Bedrooms 2

Full Baths 2

Abv Grd Liv Area 1,352

Total Fin. Sqft 1352

Year Built 1962

Lot Size 0.290 Acres

Property Sub-Type Duplex

Property 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

State IN

County Monroe County

Area Monroe County

Direction GPS Friendly

Rooms

Family Room 700

Dining Room 0 x 750

Interior

Flooring Carpet, Vinyl

Appliance Building, Land

Laundry , 7

Exterior

Exterior Feature None

Garage Spaces 1.0

Fence None

Amenities Available Cable Available, Cable Ready, Countertops-Laminate, Water Heater Gas

Roof Type Asphalt

Total Parking Spaces 7

Building

Lot Description Level, 0-2.9999

Story 1

Structure Type Vinyl

New Construction No

Schools

Elementary Schools University

Middle Schools Tri-North

High Schools Bloomington North

School District Monroe County Community School Corp.

Others

Financing Cash,Conventional

Virtual Tour https://www.propertypanorama.com/instaview/irmls/202615469

IDX information provided by the Indiana Regional MLS

Listed by Melissa Murphy • Century 21 Scheetz - Bloomington • Cell: 812-327-6162

Nearby Locations

GET MORE INFORMATION

Name

Phone*

Phone

Email*

Message

SELLING MY HOME