{"id":596479,"date":"2026-07-21T21:50:44","date_gmt":"2026-07-22T02:50:44","guid":{"rendered":"https:\/\/homeslandcountrypropertyforsale.com\/investment-properties\/real-estate-listings\/401-s-highland-ave\/"},"modified":"2026-07-21T21:50:44","modified_gmt":"2026-07-22T02:50:44","slug":"401-s-highland-ave","status":"publish","type":"estate_property","link":"https:\/\/homeslandcountrypropertyforsale.com\/investment-properties\/real-estate-listings\/401-s-highland-ave\/","title":{"rendered":"8-Bedroom IU Campus-Area Investment Property | 401 S Highland Ave"},"content":{"rendered":"<p data-start=\"572\" data-end=\"712\" class=\"PDq2pG_selectionAnchorContainer\"><strong data-start=\"572\" data-end=\"712\">AUCTION \u2013 Exceptional investment opportunity at the corner of Atwater Avenue and S. Highland Avenue, just steps from Indiana University.<\/strong><span aria-hidden=\"true\" class=\"PDq2pG_selectionAnchor\"><\/span><\/p>\n<p data-start=\"714\" data-end=\"1230\">Located at <strong data-start=\"725\" data-end=\"774\">401 S Highland Avenue in Bloomington, Indiana<\/strong>, this substantial brick property offers an outstanding combination of size, visibility and an irreplaceable campus-area location. Situated at the corner of <strong data-start=\"931\" data-end=\"972\">Atwater Avenue and S. Highland Avenue<\/strong>, the property is positioned within the highly desirable area surrounding Indiana University and offers convenient access to campus, downtown Bloomington and the many businesses and destinations serving the IU community. <\/p>\n<p data-start=\"1232\" data-end=\"1740\">According to county property records, the two-story property was constructed in 1970 and offers approximately <strong data-start=\"1342\" data-end=\"1381\">2,444 square feet of finished space<\/strong>, including approximately <strong data-start=\"1407\" data-end=\"1452\">728 square feet of finished basement area<\/strong>. The records identify <strong data-start=\"1475\" data-end=\"1535\">8 bedrooms, 2 full bathrooms and 12 total finished rooms<\/strong>, providing significant space and flexibility for its current income-producing use. County records classify the property as a <strong data-start=\"1661\" data-end=\"1701\">two-family dwelling on a platted lot<\/strong>. <\/p>\n<p data-start=\"1742\" data-end=\"2312\">Additional features include <strong data-start=\"1770\" data-end=\"1903\">brick and masonry construction, central warm-air heating, central air conditioning, a full basement and an enclosed masonry porch<\/strong>. The property sits on approximately <strong data-start=\"1940\" data-end=\"1954\">0.08 acres<\/strong> with paved street frontage and sidewalks.  The property is also located within the <strong data-start=\"2075\" data-end=\"2108\">Elm Heights Historic District<\/strong>, according to Monroe County GIS records. Buyers should independently investigate any applicable historic district guidelines, zoning requirements and permitted uses. <\/p>\n<p data-start=\"2314\" data-end=\"2786\">Currently utilized as an income-producing property, 401 S Highland Avenue presents a compelling opportunity for investors seeking a larger-capacity rental asset in the immediate Indiana University campus area. With eight bedrooms, a corner location and an established multi-unit classification, this property stands out within the overall portfolio as an opportunity for continued investment use and long-term ownership in one of Bloomington&#8217;s most sought-after locations.<\/p>\n<p data-start=\"2788\" data-end=\"3170\">The property is conveniently located near <strong data-start=\"2830\" data-end=\"2977\">Indiana University, the Jacobs School of Music, IU academic and medical facilities, restaurants, dining, entertainment and downtown Bloomington<\/strong>. Its location along Atwater Avenue provides connectivity to both the university and the broader Bloomington community while placing residents within the energy and activity surrounding campus.<\/p>\n<p data-start=\"3172\" data-end=\"3523\">401 S Highland Avenue is one of <strong data-start=\"3204\" data-end=\"3339\">seven investment properties at the edge of Indiana University being offered as part of a generational real estate portfolio auction<\/strong>. Buyers have the opportunity to pursue this property individually or consider the strategic possibilities of acquiring multiple properties being offered during the same auction event.<\/p>\n<p data-start=\"3525\" data-end=\"3717\"><strong data-start=\"3525\" data-end=\"3550\">Online Bidding Opens:<\/strong> August 20, 2026<br data-start=\"3566\" data-end=\"3569\"><br \/>\n<strong data-start=\"3569\" data-end=\"3596\">Live\/Simulcast Auction:<\/strong> Thursday, August 27, 2026 at 1:00 PM ET<br data-start=\"3636\" data-end=\"3639\"><br \/>\n<strong data-start=\"3639\" data-end=\"3665\">Live Auction Location:<\/strong> Bloomington Convention Center, Bloomington, Indiana<\/p>\n<p data-start=\"3719\" data-end=\"3953\"><strong data-start=\"3719\" data-end=\"3953\">Eight bedrooms. A prominent corner location. Steps from the Indiana University campus community. This is an opportunity to add a substantial Bloomington property to your investment portfolio in a location that cannot be recreated.<\/strong><\/p>\n<p data-start=\"3955\" data-end=\"4292\">\n<\/p>\n<p><!--Features--><\/p>\n<div style=\"width: 1000px;\">\n<p><strong>PROPERTY HIGHLIGHTS:<\/strong><\/p>\n<table class=\"prop_table\" style=\"width: 1000px; ,border: 0px #fff;\">\n<tbody>\n<tr>\n<td><i class=\"fa fa-check\"> <\/i>Indiana University property<\/td>\n<td><i class=\"fa fa-check\"> <\/i>Property near IU campus<\/td>\n<td><i class=\"fa fa-check\"> <\/i>IU campus real estate<\/td>\n<td><i class=\"fa fa-check\"> <\/i>Home in Town<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><i class=\"fa fa-check\"> <\/i>IU real estate auction<\/td>\n<td><i class=\"fa fa-check\"> <\/i>IU rental property<\/td>\n<td><i class=\"fa fa-check\"> <\/i>IU investment property<\/td>\n<td><i class=\"fa fa-check\"> <\/i>Investment &#038; Income<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><i class=\"fa fa-check\"> <\/i>Bloomington investment<\/td>\n<td><i class=\"fa fa-check\"> <\/i>Bloomington property auction<\/td>\n<td><i class=\"fa fa-check\"> <\/i>Commercial Property<\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>AUCTION \u2013 Exceptional investment opportunity at the corner of Atwater Avenue and S. Highland Avenue, just steps from Indiana University. Located at 401 S Highland Avenue in Bloomington, Indiana, this substantial brick property offers an outstanding combination of size, visibility and an irreplaceable campus-area location. Situated at the corner of Atwater Avenue and S. Highland Avenue, the property is positioned within the highly desirable &#8230;<\/p>\n","protected":false},"featured_media":596480,"comment_status":"closed","ping_status":"closed","template":"","property_category":[8687],"property_action_category":[9836,8849],"property_city":[774],"property_area":[9175],"property_county_state":[86],"property_features":[],"property_status":[7427],"class_list":["post-596479","estate_property","type-estate_property","status-publish","has-post-thumbnail","hentry","property_category-united-states","property_action_category-auction","property_action_category-residential","property_city-bloomington","property_area-monroe","property_county_state-indiana","property_status-active"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.0 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>8-Bedroom IU Campus-Area Investment Property | 401 S Highland Ave<\/title>\n<meta name=\"description\" content=\"AUCTION \u2013 Exceptional investment opportunity at the corner of Atwater Avenue and S. 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