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314 W Association Street, 
Ellettsville, IN 47429

$230,000


3

Beds


2

Baths


1,721

Sq Ft


Multi-Family


Virtual Tour

Active

Listed by

Deborah Tomaro, deb.tomaro@homefinder.org

Deb Tomaro Real Estate

Last updated:

January 20, 2026, 07:51 PM

MLS#

202542673

Source:

Indiana Regional MLS

About This Home

314 W Association Street

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 sale. Ellettsville is in high demand for rentals as businesses continue to expand west and several large employers grow.

Home Facts

Multi-Family

2 Baths

3 Bedrooms

Built in 1948

Price Summary

230,000

$133 per Sq. Ft.

MLS #:

202542673

Last Updated:

January 20, 2026, 07:51 PM

Added:

3 month(s) ago


Rooms & Interior

Bedrooms

Total Bedrooms:

3

Bathrooms

Total Bathrooms:

2

Full Bathrooms:

2

Interior

Living Area:

1,721 Sq. Ft.


Structure

Structure

Architectural Style:

One Story

Building Area:

3,442 Sq. Ft.

Year Built:

1948


Lot

Lot Size (Sq. Ft):

19,166


Finances & Disclosures

Finances

Price:

$230,000

Price per Sq. Ft:

$133 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 2026 Indiana Regional MLS LLC.

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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.