SoldApr 23, 2026

Bought with Abra Clampitt from Century 21 Scheetz - Bloomington

Source: Indiana Regional MLS #202604816

314 W Association St, Ellettsville, IN, 47429

$225,000

3
2
3442 sq. ft.
19166 sq. ft.

SingleFam

30+ days on the market

Sold: Apr 23, 2026

What's around 314 W Association St

About this property

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.

Looking for more information on 314 W Association St?

Explore comparables, sales history and growth for this property.
Learn more

Similar properties sold nearby

SoldJul 13, 2026
$249,900
400 South Sale Street
Ellettsville IN 47429
3
1
2
Single-Family
Listing courtesy of Deb Tomaro Real Estate and Keller Williams - Indy Metro South LLC
SoldJul 8, 2026
$460,000
5182 W Woodland Rd
Ellettsville IN 47429
3
2
3
Single-Family
Listing courtesy of Griffin Realty Holdings LLC and Seasons of Indiana Real Estate LLC
SoldJul 2, 2026
$420,000
6601 North Rhinestone Drive
Ellettsville IN 47429
3
2
2
Single-Family
Listing courtesy of Evergreen Real Estate & Auctions and Choice Realty & Management

Other properties sold by Abra Clampitt

SoldJun 5, 2026
$410,000
3824 Laura's Way
Bloomington IN 47401
3
2
2
Single-Family
Listing courtesy of REMAX Acclaimed Properties | Bloomington and Century 21 Scheetz - Bloomington
SoldJun 5, 2026
$345,000
7291 West Mustang Drive
Ellettsville IN 47429
3
2
2
Single-Family
Listing courtesy of Century 21 Scheetz - Bloomington
SoldMay 26, 2026
$275,000
3614 East Grandview Drive
Bloomington IN 47408
3
2
2
Single-Family
Listing courtesy of Stellar Realty Group and Century 21 Scheetz - Bloomington

Browse properties sold in nearby areas

The data relating to real estate for sale on this website comes in part from the Internet Data exchange (IDX) program of the Indiana Regional MLS LLC®. 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. Real estate listings held by brokerage firms other than Deb Tomaro Real Estate, are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed. Copyright © 2026 Indiana Regional MLS LLC®. All Rights Reserved.

The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the "DMCA") provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under MLS GRID IDX Rules Updated September 16, 2024 7 U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices must be sent in writing by email to: dmca@ratemyagent.com

The DMCA requires that your notice of alleged copyright infringement include the following information: (1) description of the copyrighted work that is the subject of claimed infringement; (2) description of the alleged infringing content and information sufficient to permit us to locate the content; (3) contact information for you, including your address, telephone number and email address; (4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law; (5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and (6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner's behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.

Email
© 2026 RateMyAgent