Dan Rarey Real Estate
4501 + 4503 E. Stephens Bloomington, IN 47408 $259,000
Listed by Century 21 Scheetz - Carmel
 
MLS # 202615469 Investment Duplex
Lot Information
Acres:  0.29
Dimensions:  irregular
County:  Monroe
Township:  Bloomington
Grid:  Eastern Heights
Utilities
Utility Type
Sewage ---
Gas ---
Water Co ---
Utility Type
Cable ---
Electric ---
Amps ---
Investment Duplex
 
SqFt   Fin   Unfin   Total
Upper 000
Main 135211353
Total 135211353

Basement 1   000
Basement 2 000
Total 000

Total 135211353
 Total Rooms:  0 Yr. Built:  1962 Style: ---
Bedrooms:  2 Foundation: ---
Study Rooms  0 Fireplaces: ---
Full Baths:  2 Exterior: ---
HalfBaths  0 AC: ---
Heating: --- Water Heater: -- Street type: ---
HOA Fee: 0 HOA Term: Not Applicable
HOA Note: ---
Garage: --- Cap: 1-car Sq.Ft.: ---
Garage Note: 
Rooms
 
Type Size Level Floors
School
 NOTE: Due to school redistricting, schools identified with this listing may be subject to change. Please confirm school district with the school corporation.  
Elementary: University Middle: Tri-North High: Bloomington North
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.
Directions
 
GPS Friendly
 

IDX information provided by the Indiana Regional MLS

Information Not Warranted

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.

Listings Last Updated 10/07/2026 02:20:08 PM