Investment Property Near Indiana University | 1314 E Atwater Ave.

AUCTION – Rare opportunity to acquire a substantial income-producing
property along Atwater Avenue at the edge of Indiana University.

Located at 1314 E Atwater Avenue in Bloomington, Indiana, this
established investment property offers a highly visible and convenient location
between S. Highland Avenue and S. Eagleson Avenue, placing it within the active
campus-area community surrounding Indiana University.

According to county property records, this one-story brick property was
originally constructed in 1920 and offers approximately 1,936 square feet of
finished space, including approximately 968 square feet on the main
level and 968 square feet of finished basement space. County records
identify 8 bedrooms, 2 full bathrooms and 10 finished rooms, creating
substantial capacity across two finished levels.

Additional features include central warm-air heating, central air
conditioning and a fireplace, along with a small wood deck, concrete patio
and masonry stoop. The property also includes a 12′ x 18′ detached garage,
an increasingly valuable feature for real estate located this close to campus.

Situated on approximately 0.16 acres, the property benefits from
its position directly along Atwater Avenue with paved street frontage and
sidewalks. The property is also located within the Elm Heights Historic
District, according to Monroe County GIS records. Buyers should
independently investigate any applicable historic district requirements,
zoning, permitted uses and potential future plans for the property.

Currently utilized as an income-producing property, 1314 E Atwater Avenue
offers investors the opportunity to acquire a high-capacity rental asset in one
of Bloomington’s most recognizable campus-area corridors. With eight bedrooms,
finished space on both levels and a location directly along Atwater Avenue, the
property offers strong fundamentals for continued investment use and long-term
ownership near Indiana University.

The location provides convenient access to Indiana University, the
Jacobs School of Music, IU academic and medical facilities, Mother Bear’s
Pizza, restaurants, downtown Bloomington and the broader campus community.
For investors seeking real estate where proximity and accessibility are among
the most important assets, 1314 E Atwater Avenue offers a location that is
difficult to replicate.

This property is one of seven investment properties at the edge of
Indiana University being offered as part of a generational real estate
portfolio auction. Buyers may pursue this property individually or explore
the strategic opportunity of acquiring multiple properties offered through the
same auction event.

Online Bidding Opens: August 27, 2026
Live/Simulcast Auction: Thursday, September 3, 2026 at 1:00 PM ET
Live Auction Location: Bloomington Convention Center, Bloomington,
Indiana

Eight bedrooms. Direct Atwater Avenue frontage. An established investment
property in the heart of Bloomington’s Indiana University campus-area market.

AUCTION LINKS: 

• Bidder information packet
• Click here for interactive map
• Terms and conditions
• Bid Certification
• Realtor Client Information 
• Preliminary Title Commitment

Property details are based in part on county and MLS records and are
deemed reliable but not guaranteed. Buyers should independently verify square
footage, bedroom and bathroom counts, acreage, unit configuration, garage,
occupancy, rental information, zoning, historic district requirements,
permitted uses and all other material information.