314 W Association St

Ellettsville IN 47429

3442 sq. ft.

19166 sq. ft.

Single-Family

Last sold for $225,000

Deborah Tomaro, last sold this property on 23 April 2026 after 84 days on market.

Overview

Lower your living costs while building wealth. Let your property work for you! This is a duplex. One of both of the units could be available for owner occupancy Why rent when your tenant can help pay the mortgage? Both units are currently leased and generating over $1,700 per month, offering immediate income with built-in flexibility for future plans. Whether you're seeking a house-hack, multi-generational living setup, short-term rental strategy, BRRRR investment, or a straightforward income property, this one checks the boxes. Located approximately 15 minutes from Memorial Stadium, the potential for short-term rental income is especially compelling — imagine football weekend demand. Situated on two parcels totaling just over 0.4 acres, the property offers both stability and upside. The duplex features long-term tenants (since 2019 and 2020) with current rents of $920 for the spacious two-bedroom plus office unit and $850 for the one-bedroom unit, leaving room for future rent adjustments toward market rates. The larger unit’s office could easily convert into a third bedroom, and the basement — complete with egress windows — presents intriguing possibilities for additional living space, storage income, or other creative uses (subject to local regulations). Professionally managed and well maintained, with tenants covering most utilities. Current leases extend through April and June 2026, providing dependable income from day one. Ellettsville continues to see strong rental demand as west-side employers expand. See floorplan in photos for layout and room sizes. With owner occupancy and a homestead exemption in place, property taxes could be significantly reduced — making this duplex an exceptional opportunity for value-conscious buyers.

Features

3 bedrooms

2 bathrooms

3442 sq. ft. floor area

19166 sq. ft. lot size

Single-Family

Estimated Value

Based on this property and similar 3 bedroom single-family properties sold in Ellettsville over the last 12 months, the estimated median property value of 314 W Association St is $285k.

Median value

$285k

Estimated value range

$140k - $875k

Median days on market

Estimated value trend

-5%

decrease over the last 12 months

Average days on market is based on recent, comparable sales in Ellettsville. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 314 W Association St

2026

Sold

$225,000

23 Apr 2026 by Deborah Tomaro, of Deb Tomaro Real Estate

2017

Sold

$74,500

24 Feb 2017 by Randy May, of May & May Properties

Happy sellers in Ellettsville

We have insufficient information to provide an overview of customer satisfaction for Ellettsville. Viewing the agent profiles, reviews and sales for Ellettsville can provide insights for this location.