509 N Washington St, Bloomington, IN, 47408
About This Home
509 N Washington is a fully leased 6 bed, 6 bath property located in one of Bloomington’s most desirable student rental areas, just steps from IU campus and Kirkwood Avenue. Currently generating $8,100/month from August 2025 to July 2026, rent increases to $8,910/month for the following lease term August 2026-July 2027. With off-street parking, a prime location, and high demand from large student groups, the property is already preleased two years in advance. This is a rare investment opportunity offering strong returns and long-term stability in the heart of IU student housing.
Getting Around
Very Walkable
Some Transit
BikeableSchools
Construction
Condition
- Year built: 1925
Materials
- Construction materials: Wood Siding
Type & Style
- Home type: SingleFamily
- Architectural style: Victorian
- Property subType: Single Family Residence
Interior
Basement
- Has basement: Yes
- Basement: Crawl Space,Partial,Block
Bedroom1
- Level: Main
Bedroom2
- Level: Main
Bedrooms & Bathrooms
- Bedrooms: 6
- Bathrooms: 6
- Full bathrooms: 6
- Main level bedrooms: 2
Features
- Finished area below ground: 0
- Finished area above ground: 2,627
Heating & Cooling
- Heating features: Forced Air
- Cooling features: Central Air
Interior Area
- Total structure area: 2,627
- Total interior livable area: 2,627 sqft
Property
Details
- Parcel number: 530533306044.000005
Features
- Levels: Two and Half Story
- Stories: 2
Lot
- Lot size: 8,712 sqft
- Features: Level
- Lot size dimensions: 62X143
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Inland Flooding
- Strong Wind
- Tornado
- Winter Weather
- Cold Wave
- Earthquake
- Hail
- Heat Wave
- Ice Storm
- Lightning
How This Home’s Risks Compare
FEMA Declared Disasters Across Indiana Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $7,584 | $91,008 |
| Home Insurance * | $696 | $8,352 |
| Property Taxes | $2,527 | $30,324 |
| Electricity | $240 | $2,889 |
| Total | $11,047 | $132,564 |
Income You'd Need if You Spent...
Indiana FAIR Plan Programs
Indiana Basic Property Insurance Underwriting Association
WildfireHailWindHow Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
No zestimate history available
Price History
| Date | Event | Price |
|---|---|---|
| 2025-09-26 | Listing removed | $10,245 |
| 2025-08-04 | Listed for sale | $1,500,000 |
| 2025-08-02 | Listing removed | $1,150,000 |
| 2025-08-01 | Listed for sale | $1,150,000 |
| 2025-07-17 | Price change | $10,245 |
| 2025-05-06 | Price change | $9,800 |
| 2024-09-18 | Price change | $9,625 |
| 2024-06-04 | Listed for rent | $8,910 |
| 2024-02-07 | Listing removed | -- |
| 2024-02-06 | Price change | $9,000 |
| 2023-11-15 | Listed for rent | $8,610 |
| 2023-09-16 | Listing removed | -- |
| 2023-09-06 | Price change | $8,100 |
| 2023-07-25 | Price change | $7,800 |
| 2023-06-05 | Listed for rent | $5,800 |
| 2021-09-24 | Listing removed | -- |
| 2021-08-19 | Price change | $800 |
| 2021-07-30 | Listed for rent | $4,800 |
| 2021-02-27 | Listing removed | -- |
| 2020-11-24 | Listing removed | $4,800 |
| 2020-10-20 | Listed for rent | $4,800 |
| 2020-01-18 | Listing removed | $4,800 |
| 2019-12-28 | Listed for rent | $4,800 |
| 2019-04-21 | Listing removed | $4,500 |
| 2019-04-08 | Listed for rent | $4,500 |
View on Zillow