$259,000

beds

baths

1,352

square ft

4501 + 4503 E Stephens Drive

Bloomington, Indiana 47408

Active / MLS #202615469 / Multiple Unit (2-4) / Bloomington

Listing information updated 4/30/2026 at 6:03am

Here is a rare opportunity to purchase a duplex in a sought-after neighborhood on Bloomington's Eastside, near to the IU Health hospital, Indiana University, IU sporting events, shopping, and restaurants. There is a HAND (Housing And Neighborhood Development) rental occupancy permit for six total occupants; the permit is good through July 10, 2029. Each side of the duplex features a spacious one bedroom floorplan of nearly 700 square feet per unit, with kitchen, living room, dining area, bedroom, bath, and storage. Unit 4501 has an attached one car garage. Many options are available for a new buyer/investor: Rent out one side and live in the other, Airbnb both units, or rent out both sides to long-term tenants. New roof and gutters were installed in 2025 and new garage door. The property is currently managed by Action Property Management. Action P.M. takes care of mowing and trimming. Tenants pay all utilities and handle their own snow removal. Unit 4503 is on a month-to-month lease beginning June 1, 2026 and would consider renewing. NOTES: Washer, dryer, and microwave for each unit are excluded; they belong to the tenants. A minimum of 24 hours' notice is required for showings as the duplex has tenants in both sides.

Full Features

Architecture Style:

Ranch

Exterior Type:

Vinyl

Basement:

Slab

Beds Above Grade:

Cooling System:

Window

Heating System:

Conventional, Wall Heater

Appliances:

Building, Land

Pool:

Age:

64 Years

Roof Type:

Asphalt

Parking Type:

Garage,Gravel,Off Street,Street

Parking Spaces:

Garage:

Garage,Gravel,Off Street,Street - 7 Car(s)

Water Front:

Water Features:

None

Square Feet:

1,352

Lot Size:

0.29

Acreage:

0.29

Taxes & Assessments

Tax Amount:

$5,367

Tax Year:

N/A

Location

Zip Code:

47408

City:

Bloomington

County:

Monroe County

Schools

School District(s):

Monroe County Community School C

Elementary School:

University

Middle School:

Tri-North

High School:

Bloomington North

Architecture Style:

Ranch

Exterior Type:

Vinyl

Basement:

Slab

Beds Above Grade:

Cooling System:

Window

Heating System:

Conventional, Wall Heater

Appliances:

Building, Land

Pool:

Age:

64 Years

Roof Type:

Asphalt

Parking Type:

Garage,Gravel,Off Street,Street

Parking Spaces:

Garage:

Garage,Gravel,Off Street,Street - 7 Car(s)

Water Front:

Water Features:

None

Square Feet:

1,352

Lot Size:

0.29

Acreage:

0.29

Tax Amount:

$5,367

Tax Year:

N/A

Zip Code:

47408

City:

Bloomington

County:

Monroe County

School District(s):

Monroe County Community School C

Elementary School:

University

Middle School:

Tri-North

High School:

Bloomington North

Listing Agent: Melissa Murphy

Listing Office: Century 21 Scheetz - Bloomington

Contact Information - Cell: 812-327-6162

Disclaimer: 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.