$259,000

4501 + 4503 E Stephens Drive, Bloomington, IN 47408

  • 2 beds |
  • 2 baths |
  • 1,352 sqft
  • Property Icon Duplex
  • Property Year Built Icon Built in 1962
  • Property Lot Size Icon0.29acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $192/sqft
  • Property List Date Icon Listed 23 days ago

Property Description

Here is a rare opportunity to purchase a duplex in a sought-after neighborhood on Bloomington's Eastside, near to the IU Health hospital, Indiana University, IU sporting events, shopping, and restaurants. There is a HAND (Housing And Neighborhood Development) rental occupancy permit for six total occupants; the permit is good through July 10, 2029. Each side of the duplex features a spacious one bedroom floorplan of nearly 700 square feet per unit, with kitchen, living room, dining area, bedroom, bath, and storage. Unit 4501 has an attached one car garage. Many options are available for a new buyer/investor: Rent out one side and live in the other, Airbnb both units, or rent out both sides to long-term tenants. New roof and gutters were installed in 2025 and new garage door. The property is currently managed by Action Property Management. Action P.M. takes care of mowing and trimming. Tenants pay all utilities and handle their own snow removal. Unit 4503 is on a month-to-month lease beginning June 1, 2026 and would consider renewing. NOTES: Washer, dryer, and microwave for each unit are excluded; they belong to the tenants. A minimum of 24 hours' notice is required for showings as the duplex has tenants in both sides.

Listing Status:
Active
Date Added:
April 29, 2026
Data Last Updated:
May 22, 2026 at 2:00PM
Listing Office:
Century 21 Scheetz - Bloomington : 812-336-2100
Listing Agent:
Melissa Murphy : 812-327-6162
MLS ID:
202615469
  • Basement: Slab
  • Flooring: CarpetVinyl
  • A/C: Window
  • Heating: ConventionalWall Heater
  • General: Vinyl
  • Style: RanchOne Story
  • Other Structures: None
  • Parking: GarageGravelOff StreetStreetParking spaces: 7
  • Roofing: Asphalt
  • HOA Amenities: 0.0
  • School District: Monroe County Community School Corp.
  • Driveway: Gravel
  • Zoning: 013-39290-00 EASTERN HEIGHTS 2ND LOT 3853-05-36-202-005.000-005
  • Fencing: None

This listing courtesy of Melissa Murphy , Century 21 Scheetz - Bloomington

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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