Washington Place 342 N Washington St Immeuble residentiel 10 lots 4 836 150 € (483 615 €/Lot) Bloomington, IN 47408

For Sale | Washington Place Townhomes | Bloomington, IN
10 Units | 40 Beds | Fully Pre-Leased for August 2025
Washington Place presents a rare opportunity to acquire a fully pre-leased, purpose-built
student housing asset in the heart of Bloomington and Indiana University. This well-maintained
property features 10 spacious townhome-style units, totaling 40 beds, just three blocks from
Indiana University and steps from Kirkwood Avenue’s vibrant dining and nightlife scene.
Constructed in 2009, each unit offers nearly 2,000 square feet of living space and is individually
parceled—classified as condominium units—providing potential future flexibility to sell units
separately. While the current offering includes all 10 units sold together, this structure enhances
long-term exit strategy optionality.
Each building features quality construction, including wood framing, brick exteriors, and flat
metal roofing. The property’s walkable location near top-rated restaurants and retail makes it
highly desirable for IU students.
With a current monthly income of $36,110, increasing to $41,990 in August 2025, Washington
Place offers immediate cash flow in a market supported by a 24% increase in student
enrollment over the past decade.
Don’t miss this opportunity to own a high-performing, strategically located asset in one of
Indiana’s most stable and in-demand rental markets.