$4,000,000

314 N Washington Street, Bloomington IN, 47408-3560

Price per sqft$378.79

Built in1997

Property size10,560 sqft

Property typeCommercial

Overview

Active

Updated Jul 2

Excellent opportunity to purchase a 6 unit building in the heart of Bloomington’s downtown and IU campus. The Gables was originally built as 6 individual condominium units but has been rented to date as student apartment rentals. With the high demand for downtown condo living, this is an investor’s dream. All 6 units are rented for the 26-27 school year, so buyer can take the next 12 months to plan renovations for high-end condominiums sales while earning income. Each 2-story townhouse has generously sized rooms, with a dedicated bath for each bedroom, an additional half bath on the main floor for guests, loads of storage, and 3 parking spots in the garage. With high end finishes, comparable (but hard to find) condominium units are running in the $600/SF price range in downtown Bloomington. Please allow 48 hours for all showing requests to allow for tenant notice.

Additional information

MLS^® ID: 202626116

Interior Features

Cooling: Yes
Heating: Yes
Basement: No

Exterior Features

Lot Size: 0.2 Acres

Other Property Details

Taxes: $21,025
Tax Frequency: Annually
Furnished: Yes

Listings courtesy of Indiana Regional MLS as distributed by MLS GRID

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Data last updated 5:19 AM UTC, 7/2/2026

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