Solid All-Brick Fourplex with Strong Rental History – Prime Location in East side off of 10th St. Ideally located just 6 minutes from IU Kelley Business School and 5 minutes from the IU Academic Medical Research Center and new IU Regional Hospital. A campus bus stop is directly across the street, and an elementary school sits just East of the corner of Smith & 10th Street—making this a highly convenient and desirable rental location. Well-maintained all-brick fourplex offering stable income and significant recent upgrades. Improvements include a new HVAC system (2020), new stone landscaping (2023), and a fully remodeled and furnished Unit 2 (2023). Units 2, 3, and 4 feature new sliding doors. In 2025, both the interior and exterior sewer systems were completely updated for added peace of mind. Nuflow Plumbing Company provides a 5 year warranty (to 2030.) The property boasts an excellent rental history, with rental permit secured through 9/19/2028. Current leases provide strong occupancy: Units 1 & 2 leased through 7/31/2027, and Units 3 & 4 leased through 7/31/2026. Landlord currently covers water, sewer, trash, electricity, and gas.
Grandview Hills, located between Lake Monroe and Indiana University, is a residential and wooded Bloomington neighborhood with curving hillside streets and lake-country views. The neighborhood’s character concentrates around the causeway at E State Road 46 and the Lake Monroe spillway, where boat ramps, bait-and-tackle counters, and weekend traffic set a outdoors-first tempo. Housing leans toward mid-century ranches and later custom builds tucked into mature trees, with long driveways and quiet cul-de-sacs. A short drive away, the Fourwinds Lakeside Inn & Marina and the Lake Monroe Village shops act as familiar gathering points. The lifestyle centers on water time, trail time, and a slower, scenic commute into town.
All brick fourplex. New deck in 2018. New HVAC in 2020. New sewer system in 2021. Great rental history. Landlord pays utilities. Subject to tenant's rights.
IRMLS #201307559
Jun 21, 2013
Listed
$175,000
$51/sq ft
Year
Property tax
Land + Additions
Assessment*
2024
$6,639 (+1.6%)
$27,500 + $296,100
$323,600
2023
$6,534 (+16.9%)
$26,400 + $281,600
$308,000
2022
$5,590 (+39.6%)
$26,400 + $252,100
$278,500
2021
$4,005 (+1.5%)
$19,800 + $173,000
$192,800
2020
$3,947 (−1.9%)
$16,500 + $174,800
$191,300
2019
$4,022 (−0.1%)
$16,500 + $174,800
$191,300
2018
$4,027 (+1.5%)
$16,500 + $174,600
$191,100
2017
$3,968 (+24.9%)
$16,500 + $171,400
$187,900
2016
$3,177 (+1.4%)
$16,500 + $136,400
$152,900
2015
$3,132 (+2.0%)
$16,500 + $135,000
$151,500
2013
$3,070
$16,500 + $131,400
$147,900
Public record
Public record
Zoning
Beds
2
Baths
2
Stories
1
Lot width
—
Lot depth
—
Lot size
0.4 Acres
Year renovated
1999
Finished Sq. Ft.
1,696
Unfinished Sq. Ft.
—
Total Sq. Ft.
1,696
Year built
1960
Style
Multi-Family (2-4 Unit)
County
Monroe County
APN
530535400007000005
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 16, 2026.
RM
AREA 3
Residential Multifamily District
The RM district is intended to accommodate medium scale residential development, plus related civic and residential-supportive uses, at a scale that is larger than neighborhood-scale but smaller than urban-scale to ensure an adequate mix of housing types throughout the community. This district may be used as a transition between urban neighborhoods and more intense residential, commercial, and institutional development.
Zone overlays
Permitted uses
Include but are not limited to:
Housing-Multiple units
Housing-Senior
Park & open space
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
3/10 Heat Factor
7 days above 105° expected this year, 18 days in 30 years
2/10 Wind Factor
1% chance of strong winds in next 30 years
2/10 Air Factor
0 unhealthy days expected this year, 1 days in 30 years
Provided by First Street
Historical weather
Bloomington, IN • 47408
Average low and high temperatures (°F)
34
19
43
27
61
41
69
49
71
54
82
66
86
71
81
64
80
59
70
49
54
40
42
29
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
96/ 100
Exceptional sunlight
Sunscore
This home ranks in the top 17% for direct sun exposure in the zip code. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
9.8 hrs
6.2 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 775 - 777 N Smith Rd
$444,613
$24K under list price of $469K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $350K to $529K.