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About This Home
This 6-bedroom, 6-bathroom single family at 509 N Washington Street in Bloomington, IN is listed for $1,500,000 ($571 per sqft). Built in 1925, the home offers 2,627 sqft of living space on a 0.20 acres lot.
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.
Key Features
- Built in 1925
- 0.20 acre lot
- 2.5 stories
Property Details
Monthly Cost Estimate
$8,022/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
509 N Washington Street
Bloomington, IN 47408-3453
Northeast Bloomington City
Features & Amenities
Exterior Features
Property Details
Heating
Cooling
Questions & Answers
This 6-bedroom, 6-bathroom single family at 509 N Washington Street is listed at $1,500,000 ($571/sqft). The estimated monthly payment is $6,500 based on 20% down at 6.5% interest.
Key features include: Built in 1925, 0.20 acre lot, 2.5 stories. Exterior Features: None.
This property is listed by Jeff Brawley and can be reached at 8123275331 or jeff.brawley@homefinder.org.
