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Stapleton Townhomes 1136 W 17th St 20 Unit Apartment Building $4,500,000 ($225,000/Unit) 6.33% Cap Rate Bloomington, IN 47404
Investment Highlights
- 95% Pre Leased for 2026-2027 School Year
- $35,000/door in Renovations Completed
- Strong Enrollment & Institutional Momentum
- Premier Walkable Location to IU Athletics and Campus Anchors
- High-Demand 3 and 4 Bedroom Units
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $4,500,000 | Apartment Style | Low-Rise |
| Price Per Unit | $225,000 | Building Class | B |
| Sale Type | Investment | Lot Size | 1.45 AC |
| Cap Rate | 6.33% | Building Size | 32,000 SF |
| No. Units | 20 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1995 |
| Property Subtype | Apartment | ||
| Zoning | NT - Commercial | ||
| Price | $4,500,000 |
| Price Per Unit | $225,000 |
| Sale Type | Investment |
| Cap Rate | 6.33% |
| No. Units | 20 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 1.45 AC |
| Building Size | 32,000 SF |
| No. Stories | 2 |
| Year Built | 1995 |
| Zoning | NT - Commercial |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Cable Ready
- Dishwasher
- Disposal
- Microwave
- Washer/Dryer
- Carpet
- Wheelchair Accessible (Rooms)
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Trash Pickup - Curbside
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+3.5 | 15 | $2,000 | 1,600 |
| 4+2.5 | 5 | $2,200 | 1,600 |
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Property Taxes
| Parcel Number | 53-05-29-404-002.000-005 | Total Assessment | $2,143,700 (2024) |
| Land Assessment | $326,300 (2024) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $1,817,400 (2024) | Tax Year | 2025 |
Property Taxes
Parcel Number
53-05-29-404-002.000-005
Land Assessment
$326,300 (2024)
Improvements Assessment
$1,817,400 (2024)
Total Assessment
$2,143,700 (2024)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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Stapleton Townhomes | 1136 W 17th St
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