See other homes in:
Primary listing photo
Listing photo 2
Listing photo 3
Listing photo 4
Listing photo 5

402 E 1st St, Bloomington, IN, 47401

5beds
3baths
2,455sqft
$689,900
$281price/sqft
$5,241/moest. monthly cost
$209,640/yrincome needed

About This Home

Here's your chance to own a 1920's 5 bedroom, 3 bath investment property in the heart of Bloomington's Bryan Park/Elm Heights neighborhood. This classic craftsman home has the iconic front porch, leading you into a wide open living space with original windows, woodwork, and floors. Updated kitchen and full bathroom along with addition of laundry room in the last 2 years. Currently rented at $4750/month for 25-26 school year and $5,000/month for 26-27. Elusive 5 person HAND permit on file as well good until 5-28-28. This would be a great property to begin or add to your portfolio given its proximity to campus, the B-line Trail and downtown. Off street parking on the side of the house and a big, beautiful back yard make this one a must see.

Getting Around

81
WalkingVery Walkable
36
TransitSome Transit
76
BikeVery Bikeable

Schools

--
Rogers Elementary SchoolGrades K-21.2 mi
8/10
10/10

Construction

Condition

  • Year built: 1920

Materials

  • Foundation: Basement
  • Roof: Shingle
  • Construction materials: Wood Siding

Type & Style

  • Home type: MultiFamily
  • Architectural style: Craftsman
  • Property subType: Multi Family

Interior

Basement

  • Has basement: Yes
  • Basement: Full,Unfinished,Stone

Bedrooms & Bathrooms

  • Bedrooms: 5
  • Bathrooms: 3
  • Full bathrooms: 3

Features

  • Ceiling Fan(s)
  • Flooring: Wood
  • Finished area below ground: 0
  • Finished area above ground: 2,455

Heating & Cooling

  • Heating features: Natural Gas,Forced Air
  • Cooling features: Central Air

Interior Area

  • Total structure area: 3,631
  • Total interior livable area: 2,455 sqft

Property

Details

  • Parcel number: 530804113059.000009

Features

  • Levels: One and One Half
  • Stories: 2

Lot

  • Lot size: 8,712 sqft
  • Features: Level
  • Lot size dimensions: 55X150

Parking

  • Total spaces: 5
  • Parking features: Off Street,Off Street Parking

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

  • Winter Weather
    Winter WeatherRelatively High
  • Heat Wave
    Heat WaveModerate
  • Inland Flooding
    Inland FloodingModerate
  • Strong Wind
    Strong WindModerate
  • Tornado
    TornadoModerate

How This Home’s Risks Compare

Winter Weather
Heat Wave
Inland Flooding
Strong Wind
Tornado

FEMA Declared Disasters Across Indiana Counties

Flood
Severe Storm
Snowstorm
Straight Line Winds
Tornado

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

MonthlyAnnual
Mortgage $3,488$41,856
Home Insurance *$302$3,624
Property Taxes $1,226$14,712
Electricity $225$2,700
Total$5,241$62,892
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$179,691/yr
40% on housing$157,230/yr
45% on housing$139,760/yr

Indiana FAIR Plan Programs

Indiana Basic Property Insurance Underwriting Association

Covered
WildfireWildfire
Add-on available
HailHail
WindWind
Visit Website →
Current Policies
Residential: 810Commercial: 30
Total Premiums$1.77M
Total Exposure$1.82M

How 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.

Insurance Growth Rate5-year average: 9.8%
9.8%
0%30.0%
Electricity Growth Rate10-year average: 6.1%
6.1%
0%15.0%
Property Taxes Growth Rate2-year average: 7.5%
7.5%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$281This listing

vs Other Active Listings

Avg $/sqft

ZIP 47401$170
Monroe County$166

vs Homes Sold Last Month

Median $/sqft

ZIP 47401$176
Monroe County$183

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

DateEventPrice
2026-05-07Price change$689,900
2026-04-27Price change$699,900
2026-02-10Price change$744,900
2025-12-03Listed for sale$768,000
2023-11-15Sold$490,000
2023-09-18Pending sale$499,900
2023-09-13Listed for sale$499,900
2023-08-25Listing removed--
2023-08-23Price change$2,750
2023-08-16Price change$2,950
2023-07-27Price change$3,000
2023-07-17Price change$3,250
2023-06-20Listed for rent$3,500
2020-10-25Listing removed$2,900
2020-10-22Listed for rent$2,900
2019-10-13Listing removed$2,900
2019-09-30Price change$2,900
2019-09-12Listed for rent$2,950
2018-10-23Listing removed$2,900
2018-09-20Listed for rent$2,900

For Sale by Agent

AgentTim Ballard
BrokerageAligned Property Group

Similar Homes