509 N Washington Street, Bloomington, Indiana 47408-3453 MLS 202530690
0.20 acre - 509 N Washington Street, Bloomington, Indiana 47408-3453

Property Description
509 N Washington is a fully leased 6 bed, 6 bath property located in one of Bloomington’s most desirable student rental areas, just steps from IU campus and Kirkwood Avenue. Currently generating $8,100/month from August 2025 to July 2026, rent increases to $8,910/month for the following lease term August 2026-July 2027. With off-street parking, a prime location, and high demand from large student groups, the property is already preleased two years in advance. This is a rare investment opportunity offering strong returns and long-term stability in the heart of IU student housing.
Basic Details
Property Type : Residential
Listing Type : For Sale
Listing ID : 202530690
Price : $1,500,000
Bedrooms : 6
Rooms : 14
Bathrooms : 6
Half Bathrooms : 0
Year Built : 1925
Lot Area (ACRES) : 0.20
Total Finished SqFt : 2,627
Address Map
Country : US
State : IN
City : Bloomington
Area : Monroe County
Subdivision : Northeast Bloomington City
Zipcode : 47408-3453
Street : Washington
Street Number : 509
Postal Code : 3453
Floor Number : 0
Longitude : W87° 28' 3.3''
Latitude : N39° 10' 14.4''
Additional Details
Property SubType : Site-built home
Status : Active
Pool Y/N : No
Style : Two and half story
School District : Monroe county community school c
Elementary : University
Middle School : Tri-north
High School : Bloomington north
Waterfront Y/N : No
New Construction : No
Investment Property Y/N : Yes
Lot Dimensions : 62X143
# of Fireplaces : 0
Main Level SqFt : 0
Approx. Lot Size SqFt : 8,712
Total Baths : 6
Annual Taxes : $14,748
Association Dues $ : $0
Other Fees $ : $0
Garage Y/N : No
Fireplace Y/N : No
Garage Type : Detached
Laundry Level : Upper
Water Utility : City
Sewer : City
REO Y/N : No
Basement Y/N : Yes
LOT DESCRIPTION : Level
EXTERIOR : Wood
BASEMENT/FOUNDATION : Crawl, Partial basement
HEATING/FUEL : Forced air
COOLING : Central air
ARCHITECTURAL STYLE : Victorian
BASEMENT MATERIAL : Block
Age : 100
Listing provided courtesy of: Brawley Real Estate, Jeff Brawley.
Residential For Sale
- Listing ID : 202530690
- Bedrooms : 6
- Bathrooms : 6
- Lot Area (ACRES) : 0.20 acre
- Visits : 0 in 1 days
$1,500,000
Agent info

2411 River Road, Spencer, IN 47460
- Keith Realty & Auction Group
- View website
- 812-714-8250
- 812-714-8237
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Contact Agent