{"id":596479,"date":"2026-08-12T16:34:16","date_gmt":"2026-08-12T21:34:16","guid":{"rendered":"https:\/\/homeslandcountrypropertyforsale.com\/investment-properties\/real-estate-listings\/401-s-highland-ave\/"},"modified":"2026-08-12T16:34:16","modified_gmt":"2026-08-12T21:34:16","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":"

AUCTION \u2013 Exceptional investment opportunity at the corner of Atwater Avenue and S. Highland Avenue, just steps from Indiana University.<\/strong><\/span><\/p>\n

Located at 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 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

According to county property records, the two-story property was constructed in 1970 and offers approximately 2,444 square feet of finished space<\/strong>, including approximately 728 square feet of finished basement area<\/strong>. The records identify 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 two-family dwelling on a platted lot<\/strong>. <\/p>\n

Additional features include 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 0.08 acres<\/strong> with paved street frontage and sidewalks. The property is also located within the 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

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’s most sought-after locations.<\/p>\n

The property is conveniently located near 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

401 S Highland Avenue is one of 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

Online Bidding Opens:<\/strong> August 20, 2026

\nLive\/Simulcast Auction:<\/strong> Thursday, August 27, 2026 at 1:00 PM ET

\nLive Auction Location:<\/strong> Bloomington Convention Center, Bloomington, Indiana<\/p>\n

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

AUCTION LINKS:\u00a0
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