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4977 E State Road 46, 
Bloomington, IN 47408

$545,000


4

Beds


3

Baths


3,460

Sq Ft


Multi-Family


Virtual Tour

Active

Listed by

Chris Berg

eXp Realty LLC.

Cell: 812-318-0050

Last updated:

August 2, 2025, 12:42 AM

MLS#

202524187

Source:

Indiana Regional MLS

About This Home

4977 E State Road 46

10% CAP Rate! Two New Homes. One Incredible Opportunity. Welcome to a one-of-a-kind property offering not one, but two fully renovated homes on a single parcel—just minutes from all that Bloomington has to offer. Whether you're looking for a multi-generational setup, a primary home with guest space, or a smart investment opportunity, this property checks every box. Home One is a beautifully updated 3-bedroom, 2-bath residence featuring a brand new roof, new HVAC system, and a stunning open-concept kitchen with quartz countertops. Luxury bathrooms, updated flooring, fresh paint, and modern cabinetry complete the home’s crisp, contemporary feel. Just 200 feet away sits Home Two, a converted barn turned high-end retreat. The upper level offers 1 bedroom, 1 bath, and an open-concept kitchen and living area with new floors, cabinets, and paint. The lower level is a creative flex space—complete with polished concrete floors, panoramic windows overlooking the forest, and a potential office or second bedroom setup. Two covered decks provide plenty of room for entertaining, relaxing, or hosting unforgettable gatherings. Rent this home to pay for your primary? This is more than a home—it’s a lifestyle and an opportunity. Don’t miss it.

Home Facts

Multi-Family

3 Baths

4 Bedrooms

Built in 1930

Price Summary

545,000

$157 per Sq. Ft.

MLS #:

202524187

Last Updated:

August 2, 2025, 12:42 AM

Added:

a month ago


Rooms & Interior

Bedrooms

Total Bedrooms:

4

Bathrooms

Total Bathrooms:

3

Full Bathrooms:

3

Interior

Living Area:

3,460 Sq. Ft.


Structure

Structure

Building Area:

4,080 Sq. Ft.

Year Built:

1930


Lot

Lot Size (Sq. Ft):

43,560


Finances & Disclosures

Finances

Price:

$545,000

Price per Sq. Ft:

$157 per Sq. Ft.

Source:Indiana Regional MLS
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 2025 Indiana Regional MLS LLC.

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By clicking Contact I agree a Coldwell Banker Agent may contact me by phone or text message including by automated means and prerecorded messages about real estate services, and that I can access real estate services without providing my phone number. I acknowledge that I have read and agree to the Terms of Use and Privacy Notice.