About 509 N Washington Street
509 N Washington is a fully leased 6 bed, 6 bath property located in one of Bloomington’s most desirable student rental areas, just steps from IU campus and Kirkwood Avenue. Currently generating $8,100/month from August 2025 to July 2026, rent increases to $8,910/month for the following lease term August 2026-July 2027. With off-street parking, a prime location, and high demand from large student groups, the property is already preleased two years in advance. This is a rare investment opportunity offering strong returns and long-term stability in the heart of IU student housing.
Features of 509 N Washington Street
| MLS® # | 202530690 |
|---|---|
| Price | $1,500,000 |
| Bedrooms | 6 |
| Bathrooms | 6.00 |
| Full Baths | 6 |
| Square Footage | 2,627 |
| Acres | 0.20 |
| Year Built | 1925 |
| Type | Residential |
| Sub-Type | Site-Built Home |
| Style | Victorian |
| Status | Active |
Community Information
| Address | 509 N Washington Street |
|---|---|
| Subdivision | Northeast Bloomington City |
| City | Bloomington |
| County | Monroe County |
| State | IN |
| Zip Code | 47408 |
Amenities
| Is Waterfront | No |
|---|---|
| Has Pool | No |
Interior
| Heating | Forced Air |
|---|---|
| Cooling | Central Air |
| Fireplace | No |
| Stories | Two and Half Story |
| Has Basement | Yes |
| Basement | Crawl, Partial Basement |
Exterior
| Exterior | Wood |
|---|---|
| Lot Description | Level |
| Construction | No |
| Foundation | Block |
School Information
| District | Monroe County Community School Corp. |
|---|---|
| Elementary | University |
| Middle | Tri-North |
| High | Bloomington North |
Additional Information
| Days on Market | 167 |
|---|---|
| Foreclosure | No |
| RE / Bank Owned | No |
| HOA Fees Freq. | Not Applicable |
Listing Details
| Agent | Jeff Brawley |
|---|---|
| Office | Brawley Real Estate |
| Contact Info | Office: 844-254-7368 |