- amilakis@gmail.com
- Direct (765) 418-4771
331 S Grant Street
Located in an Opportunity Zone with potential for significant tax advantages, this 6-unit apartment building offers exceptional investment potential in an A+ location just steps from Bloomington’s thriving downtown and Indiana University. Zoned High Density Multi-Family, the property presents exciting redevelopment possibilities, with current occupancy allowances of up to 5 people per unit creating the potential for a very dense future project (buyer to verify redevelopment options). The property also performs well in its current configuration, with solid rental history and total monthly rents of $4,650. A spacious 2-car garage provides additional storage or potential added utility. Whether you’re looking for an income-producing asset now or a prime redevelopment opportunity for the future, this is a rare chance to invest in one of Bloomington’s most desirable locations. Property is being sold "AS IS".
From East 3rd Street downtown, South on Grant, property is on the East side of Grant.
| MLS # | 202618079 |
|---|---|
| Date Listed | 2026-05-13 |
| Status | Cont-AccptngBackupOffers |
| Property Type | Investment |
| Property SubType | Sixplex |
| Finished Square Feet | 3,326 sqft |
| Total Square Feet | 3,961 sqft |
| New Construction | No |
| Style | Two Story |
| Type | Sixplex |
| Basement | Yes |
| Bedrooms | 4 |
| Bathrooms | 6 |
| Year Taxes Payable | 2026 |
| Year Built | 1920 |
| Virtual Tour | propertypanorama.com » |
| Days on Market | 143 |
| Homestead Year | No |
| Outbuilding | Outbuilding |
|---|
| Family Room | 775 × 800 | Level |
| Kitchen | 725 × 725 | Level |
| 5th Bedroom | 6 × 6 | Level |
| Extra Room | 1 × 1 | Level |
| Full Baths | 4 Main |
| Construction | Sixplex |
|---|---|
| Lot Size | 9,727 sq ft |
| Acreage | 0.22 Acres |
| Lot Dimensions | Irregular |
| Out Buildings | Outbuilding |
| Fence | None |
| Area | Monroe County |
|---|---|
| County | Monroe |
| Subdivision | Southeast Bloomington City |
| Township | Perry |
| City | Bloomington |
| State | IN |
| Zip | 47401 |
| School District | Monroe County Community School Corp. |
|---|---|
| Elementary | Rogers/Binford |
| Middle School | Jackson Creek |
| High School | Bloomington South |
| Assoc. Dues | $0.00 Not Applicable |
|---|
MLS# 202618079
Listing Provided Courtesy of Andy Walker
RE/MAX Acclaimed Properties
Cell: 812-325-1290
Listing updated September 4, 2026 at 2:30 pm
Last checked 9 minutes ago
IDX information provided by the Indiana Regional MLS. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.