314 N Washington Street, Bloomington, IN 47404

• 13 beds |
• 18 baths |
• 10,560 sqft

Property Description

Excellent opportunity to purchase a 6 unit building in the heart of Bloomington’s downtown and IU campus. The Gables was originally built as 6 individual condominium units but has been rented to date as student apartment rentals. With the high demand for downtown condo living, this is an investor’s dream. All 6 units are rented for the 26-27 school year, so buyer can take the next 12 months to plan renovations for high-end condominiums sales while earning income. Each 2-story townhouse has generously sized rooms, with a dedicated bath for each bedroom, an additional half bath on the main floor for guests, loads of storage, and 3 parking spots in the garage. With high end finishes, comparable (but hard to find) condominium units are running in the $600/SF price range in downtown Bloomington. Please allow 48 hours for all showing requests to allow for tenant notice.

Listing Status:

Active

Date Added:

July 1, 2026

Data Last Updated:

July 7, 2026 at 7:59AM

Listing Office:

FC Tucker/Bloomington REALTORS : 812-336-7300

Listing Agent:

Kerry Feigenbaum : 812-325-3227

MLS ID:

202626061

Interior

• Basement: None
• Flooring: CarpetLaminate
• A/C: Central Air
• Heating: ConventionalGasHeat Pump

Exterior

• General: Brick
• Style: Condo/Co-op AttachedCondo
• Other Structures: None
• Parking: GarageOff StreetPavedParking spaces: 18

Construction

• Roofing: Shingle

Location

• School District: Monroe County Community School Corp.

Lot

• Driveway: Concrete
• Zoning: 013-25560-00 Original Plat Lot 33153-05-33-310-198.000-005