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!
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
| 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 |
| Cooling | None |
|---|---|
| Heating | None |
| Living Room | 20 × 9 | Main Level |
| Kitchen | 12 × 11 | Main Level |
| Master Bedroom | 9 × 10 | Main Level |
| 2nd Bedroom | 12 × 11 | Main Level |
| Full Baths | 1 Main |
| 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 |
| Area | Monroe County |
|---|---|
| County | Monroe |
| Subdivision | None |
| Township | Perry |
| City | Bloomington |
| State | IN |
| Zip | 47401 |
| School District | Monroe County Community School Corp. |
|---|---|
| Elementary | Lakeview |
| Middle School | Jackson Creek |
| High School | Bloomington South |
| Assoc. Dues | $0.00 Not Applicable |
|---|
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.