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5601 S Handy Road

Site-Built Home • 127Y Old
$175,000 Listed 5 days ago
2 Bedrooms All Main Level
1 Bathroom
800 sqft
3.50 Acres
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Property Description

Potential Alert!! checkout this unique property situated on 3.5 acres on Bloomington’s desirable south side. Offering incredible versatility, this parcel features two separate single-family dwellings—both being sold strictly as-is—making it an ideal setup for a multi-unit rental portfolio, a family compound, or a value-add flip. Left Unit: A charming 2-bedroom, 1-bath home featuring a solid limestone exterior and an detached 1-car garage. It just needs a buyer with vision to bring its classic character back to life. Right Unit: A 2-bedroom, 1-bath single-family home with vinyl siding, offering a great canvas for renovations and updates. Location is everything, and this property delivers. Enjoy room to spread out on expansive acreage while staying just minutes from southside amenities, including easy access to Lake Monroe for boating, fishing, racing, and outdoor recreation. Whether you're searching to build passive income or execute a high-upside transformation, 5601 S Handy Rd is packed with opportunity. Bring your contractor and your vision!

Directions

traveling south on Fairfax, take a left turn on E Moffett Lane and travel straight towards E Stipp Rd and turn Left on S Handy. the Property will be on your right

Property
MLS # 202640211
Date Listed 2026-09-28
Status Active
Property Type Residential
Property SubType Site-Built Home
Square Feet 800 sqft
New Construction No
Style One Story
Type Site-Built Home
Bedrooms 2
Bathrooms 1
Annual Taxes $3,034.00
Year Taxes Payable 2025
Year Built 1899
Virtual Tour propertypanorama.com »
Days on Market 5
Homestead Year No
Additional
Cooling None
Heating None
Room Dimensions
Living Room 20 × 9 Main Level
Kitchen 12 × 11 Main Level
Master Bedroom 9 × 10 Main Level
2nd Bedroom 12 × 11 Main Level
Bathroom Locations
Full Baths 1 Main
External Features
Construction Site-Built Home
Exterior Vinyl,Limestone
Lot Size 152,460 sq ft
Acreage 3.50 Acres
Lot Dimensions irregular
Sewer Septic
Water Public
Fence None
Location
Area Monroe County
County Monroe
Subdivision None
Township Perry
City Bloomington
State IN
Zip 47401
Schools
School District Monroe County Community School Corp.
Elementary Lakeview
Middle School Jackson Creek
High School Bloomington South
Financial
Assoc. Dues $0.00 Not Applicable
Contact

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MLS# 202640211
Listing Provided Courtesy of Edward Buthelezi
Carpenter, REALTORS-Bloomington
Cell: 812-671-3070

Listing updated September 28, 2026 at 7:45 pm
Last checked 11 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.