USAINEllettsville314 W Association St
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$224,900

Other

2 months ago

314 W Association St, Ellettsville, IN

House

MLS® 202604816

3 Bed

2 Bath

3442 sqft

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  • Key Facts
  • Description
  • Map

Key Facts

Type Single Family Residence
Levels Residential
Size 3442 sqft
Garage 
Taxes $3,650
Days Active 61
Lot Size 
Approx. Age 1948
Avg. Price Per Sqft $65
MLS® Number 202604816

Property Address: 314 W Association St, Ellettsville, IN, 47429-1552

Average square foot calculated using Size range provided by listing agent.

Description

Lower your living costs while building wealth. Let your property work for you! This is a duplex. One of both of the units could be available for owner occupancy Why rent when your tenant can help pay the mortgage? Both units are currently leased and generating over $1, 700 per month, offering immediate income with built-in flexibility for future plans. Whether you're seeking a house-hack, multi-generational living setup, short-term rental strategy, BRRRR investment, or a straightforward income property, this one checks the boxes. Located approximately 15 minutes from Memorial Stadium, the potential for short-term rental income is especially compelling — imagine football weekend demand. Situated on two parcels totaling just over 0.4 acres, the property offers both stability and upside. The duplex features long-term tenants (since 2019 and 2020) with current rents of $920 for the spacious two-bedroom plus office unit and $850 for the one-bedroom unit, leaving room for future rent adjustments toward market rates. The larger unit’s office could easily convert into a third bedroom, and the basement — complete with egress windows — presents intriguing possibilities for additional living space, storage income, or other creative uses (subject to local regulations). Professionally managed and well maintained, with tenants covering most utilities. Current leases extend through April and June 2026, providing dependable income from day one. Ellettsville continues to see strong rental demand as west-side employers expand. See floorplan in photos for layout and room sizes. With owner occupancy and a homestead exemption in place, property taxes could be significantly reduced — making this duplex an exceptional opportunity for value-conscious buyers.
MLS® Number202604816
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1948
BasementFull
Driveway
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

Other

Feb 16, 2026List Date
$224,900List Price
-End Date
Not Sold YetSold Price

Other

Oct 21, 2025List Date
$224,900List Price

Home Appraisal

This property is estimated to sell between: $224,000 and $244,000.
Similar properties in this area sold on average for: $237,091
Expected to sell in 14 days. Similar properties sold in 75 days. This home has been on eXp Realty for 61 days.

The estimated sale price does not take into account many variables such as recent renovations, type of appliances, school district etc. To get a more accurate estimate please contact agent.

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314 W Association St, Ellettsville, IN

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