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.

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.