Properties

314 W Association Street, Ellettsville, Indiana 47429 MLS 202542673

0.44 acre - 314 W Association Street, Ellettsville, Indiana 47429

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Property Description

Investment opportunity with flexibility and upside potential! This duplex, situated on two parcels totaling just over 0.4 acres, offers solid rental history and room to grow. Both units have long-term tenants (since 2019 and 2020) with current rents of $920 for the two-bedroom plus office and $850 for the one-bedroom—leaving space to bring rents to market rates in the future. The larger unit includes an office that could be enclosed to create a third bedroom plus access to half the basement. The other half of the basement (or even 2/3 of the basement) featuring egress windows—presents an opportunity for a third unit (check local regulations) or rentable storage space. Property has been professionally managed and well maintained, with tenants responsible for most utilities. Two-bedroom lease runs through June 2026; one-bedroom lease through April 2026. Two parcels included in sale. Ellettsville is in high demand for rentals as businesses continue to expand west and several large employers grow.

Basic Details
Property Type : Investment
Listing Type : For Sale
Listing ID : 202542673
Price : $230,000
Bedrooms : 3
Rooms : 0
Bathrooms : 2
Half Bathrooms : 0
Year Built : 1948
Lot Area (ACRES) : 0.44
Total Finished SqFt : 1,721
Address Map
Country : US
State : IN
City : Ellettsville
Area : Monroe County
Subdivision : None
Zipcode : 47429
Street : Association
Street Number : 314
Floor Number : 0
Longitude : W87° 22' 32.8''
Latitude : N39° 13' 56.9''
Additional Details
Property SubType : Duplex
List Agent : 10243
Listing Office 1 : 10630
Status : Active
Pool Y/N : No
Style : One story
School District : Richland-bean blossom community
Elementary : Edgewood
Middle School : Edgewood
High School : Edgewood
Waterfront Y/N : No
New Construction : No
Lot Dimensions : 0x0
# of Fireplaces : 0
Main Level SqFt : 0
Approx. Lot Size SqFt : 19,166
Total Baths : 2
Annual Taxes : $1,327
Association Dues $ : $0
Other Fees $ : $0
REO Y/N : No
Basement Y/N : Yes
Age : 77

Listing provided courtesy of: Deb Tomaro Real Estate, Deborah Tomaro.

Investment For Sale
  • Listing ID : 202542673
  • Bedrooms : 3
  • Bathrooms : 2
  • Lot Area (ACRES) : 0.44 acre
  • Visits : 0 in 4 days
$230,000
Agent info
Keith Realty & Auction Group
2411 River Road, Spencer, IN 47460
Contact Agent

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