314 W Association Street new Save Request In-Person Tour Request Virtual Tour
Ellettsville,IN 47429
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 1,721 sqft
Price per Sqft $133
MLS Listing ID 202542673
Style One Story
Bedrooms 3
Full Baths 2
Year Built 1948
Annual Tax Amount $1,327
Tax Year 2025
Lot Size 0.440 Acres
Property Sub-Type Duplex
Property Description
Investment opportunity with flexibility and upside potential! This duplex, situated on two parcels totaling just over 0.4 acres, offers solid rental history and room to grow. Both units have long-term tenants (since 2019 and 2020) with current rents of $920 for the two-bedroom plus office and $850 for the one-bedroom—leaving space to bring rents to market rates in the future. The larger unit includes an office that could be enclosed to create a third bedroom plus access to half the basement. The other half of the basement (or even 2/3 of the basement) featuring egress windows—presents an opportunity for a third unit (check local regulations) or rentable storage space. Property has been professionally managed and well maintained, with tenants responsible for most utilities. Two-bedroom lease runs through June 2026; one-bedroom lease through April 2026. Two parcels included in sale. Ellettsville is in high demand for rentals as businesses continue to expand west and several large employers grow.
Location
State IN
County Monroe County
Area Monroe County
Rooms
Family Room 850
Dining Room 0 x 920
Interior
Flooring Carpet
Laundry , 4
Exterior
Garage Spaces 1.0
Amenities Available Basement,Fenced Yard,Off Street Parking
Building
Lot Description Level
Story 1
Structure Type Stone
New Construction No
Schools
Elementary Schools Edgewood
Middle Schools Edgewood
High Schools Edgewood
School District Richland-Bean Blossom Community Schools
Others
Virtual Tour https://www.propertypanorama.com/instaview/irmls/202542673