314 W Association Street, Ellettsville, IN 47429

• 3 beds |
• 2 baths |
• 3,442 sqft

Property Description

Investment opportunity with flexibility and upside potential! 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 sale. Ellettsville is in high demand for rentals as businesses continue to expand west and several large employers grow.

Listing Status:

Active

Date Added:

October 21, 2025 at 05:00AM

Listing Office:

Deb Tomaro Real Estate : 812-345-4404

Listing Agent:

Deborah Tomaro : 812-345-4404

MLS ID:

202542673

Interior

• Basement: Full Basement
• Flooring: Carpet
• A/C: Central Air
• Heating: Gas

Exterior

• General: Stone
• Style: One Story
• Other Structures: None
• Parking: Parking spaces: 4

Location

• School District: Richland-Bean Blossom Community Schools

Lot

• Zoning: Whitesell Lot 19 & Pt SE NW 10-9-2W and SHARPS 1ST LOT 6253-04-10-214-043.000-013

This listing courtesy of Deborah Tomaro, Deb Tomaro Real Estate