Located just steps from IU Campus, this spacious five bedroom, two bathroom home is the perfect investment property & student rental. The home is currently leased for $5,200 per month through July 2026, with rent increasing to $5,720 per month beginning August 2026. All leases are joint and include guarantors for each student. This is a strong, reliable income producing property in the most desirable student housing area in Bloomington.
Active
$795,000
424 N Lincoln St, Bloomington, IN 47408
5beds
1,992sqft
Est.:
Multi Family
Built in 1940
-- sqft lot
$764,700 Zestimate®
$--/sqft
$-- HOA
What's special
Spacious five bedroomTwo bathroom home
- 32 days |
- 313 |
- 8 |
Zillow last checked: 8 hours ago
Listing updated: November 21, 2025 at 02:17pm
Listed by:
Jeff Brawley Office:844-254-7368,
Brawley Real Estate
Source: IRMLS,MLS#: 202546968
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Natural Gas, Forced Air
Cooling
- Central Air
Features
- Flooring: Mixed
- Basement: Finished,Full,Block
Interior area
- Total structure area: 1,992
- Total interior livable area: 1,992 sqft
- Finished area above ground: 996
- Finished area below ground: 996
Video & virtual tour
Property
Parking
- Total spaces: 2
- Parking features: Off Street Parking
Features
- Levels: One
- Stories: 1
Lot
- Size: 3,484.8 Square Feet
- Features: Level
Details
- Additional structures: None
- Parcel number: 530533300013.000005
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Brick
- Foundation: Basement
Condition
- New construction: No
- Year built: 1940
Utilities & green energy
- Sewer: City
- Water: City
Community & HOA
Community
- Subdivision: Northeast Bloomington City
Location
- Region: Bloomington
Financial & listing details
- Tax assessed value: $524,000
- Annual tax amount: $10,750
- Date on market: 11/21/2025
- Inclusions: Building, Lease
- Lease term: 12 Months
- Total actual rent: 62400
- Tenant pays: Electricity, Fuel, Sewer, Trash Collection, Water
Estimated market value
$764,700
$726,000 - $803,000
$5,530/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 11/21/2025 | Listed for sale | $795,000+86% |
Source:  IRMLS #202546968 Report a problem | ||
| 7/17/2025 | Price change | $6,580+4.6%$3/sqft |
Source: Zillow Rentals Report a problem | ||
| 5/16/2025 | Price change | $6,290+10%$3/sqft |
Source: Zillow Rentals Report a problem | ||
| 6/1/2024 | Listed for rent | $5,720+10%$3/sqft |
Source: Zillow Rentals Report a problem | ||
| 12/18/2023 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $10,603 +11.6% | $524,000 +4.8% |
| 2023 | $9,504 +3.3% | $499,800 +6.7% |
| 2022 | $9,203 +6.9% | $468,400 +5.7% |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$4,613/mo
Principal & interest
$3845
Property taxes
$490
Home insurance
$278
Climate risks
Neighborhood: Old Northeast Downtown
Nearby schools
GreatSchools rating
- 8/10University Elementary SchoolGrades: PK-6Distance: 2.6 mi
- 7/10Tri-North Middle SchoolGrades: 7-8Distance: 0.9 mi
- 9/10Bloomington High School NorthGrades: 9-12Distance: 2.2 mi
Schools provided by the listing agent
- Elementary: University
- Middle: Tri-North
- High: Bloomington North
- District: Monroe County Community School Corp.
Source: IRMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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