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314 W Association Street, Ellettsville, IN 47429

Local realty services provided by:CENTURY 21 Affiliated
314 W Association Street,Ellettsville, IN 47429
$230,000
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  • 3 Beds
  • 2 Baths
  • 1,721 sq. ft.
  • Multi-family
  • Active
Listed by: deborah tomarodeb.tomaro@homefinder.org
Office: deb tomaro real estate
MLS#:202542673
Source:Indiana Regional MLS

Price summary

  • Price:$230,000
  • Price per sq. ft.:$66.82

About this home

Investment opportunity with flexibility and upside potential! Located about 15 minutes from Memorial Stadium, this could be an excellent and profitable Airbnb location. This duplex, situated on two parcels totaling just over 0.4 acres, offers solid rental history and room to grow. Both units have long-term tenants (since 2019 and 2020) with current rents of $920 for the two-bedroom plus office and $850 for the one-bedroom—leaving space to bring rents to market rates in the future. The larger unit includes an office that could be enclosed to create a third bedroom plus access to half the basement. The other half of the basement (or even 2/3 of the basement) featuring egress windows—presents an opportunity for a third unit (check local regulations) or rentable storage space. Property has been professionally managed and well maintained, with tenants responsible for most utilities. Two-bedroom lease runs through June 2026; one-bedroom lease through April 2026. Two parcels included in

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Home facts

  • Year built:1948
  • Listing ID #:202542673
  • Added:101 day(s) ago
  • Updated:January 20, 2026 at 07:51 PM

Rooms and interior

  • Bedrooms:3
  • Total bathrooms:2
  • Full bathrooms:2
  • Living area:1,721 sq. ft.

Heating and cooling

  • Cooling:Central Air
  • Heating:Gas

Structure and exterior

  • Year built:1948
  • Building area:1,721 sq. ft.
  • Lot area:0.44 Acres

Schools

  • High school:Edgewood
  • Middle school:Edgewood
  • Elementary school:Edgewood

Utilities

  • Water:City
  • Sewer:City

Finances and disclosures

  • Price:$230,000
  • Price per sq. ft.:$66.82
  • Tax amount:$1,327
IRMLS information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. IRMLS Data is deemed reliable but is not guaranteed accurate by the MLS. IRMLS information provided by the Indiana Regional MLS. Copyright 2026 Indiana Regional MLS LLC.

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