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    The Largest CRE Database in the US with Over 1 Million Listings

    1101 S Rogers St Bloomington, IN 47403

    Sponsored
    For Sale
    $420,000

    Triplex - Bloomington, IN

    Type:Triplex
    Property size:
    1,676 SF
    Lot size:
    0.20 Acres
    Days on Market:
    1
    Last Refresh:
    Feb 3 at 11:06 pm

    Property Features for 1101 S Rogers St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Triplex
    Standard status
    Active
    Rooms
    Basement, Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Laundry
    Bedrooms
    5
    Bathrooms
    3
    APN
    53-08-05-401-001.000-009
    Parking features
    Off Street
    Patio and Porch features
    Porch
    EntryLevel
    Main
    Exterior features
    Basement, Fenced Yard, Fireplace, Off Street Parking, Near Walking Trail, Storage, Landscaped, Porch Covered, Water Heater Gas, None
    Fencing
    Fenced
    Basement Y/N
    1
    Appliances
    Dryer, Garbage Disposer, Microwave, Range
    Size
    1,676 SF
    Lot size
    0.20 Acres

    Utilities

    Heating system
    Baseboard
    Cooling system
    Multi Units

    Building Details

    Floors in Building
    1
    Number of units
    3
    Flooring type
    Vinyl, Wood
    Architectural style
    Other
    Additional Structures
    Storage

    We can help!

    Listing Contact
    Laura Stevens

    Keystone Realty & Property Management (812) 269-6360

    Listing agent Laura Stevens (812) 961-8000 License #RB16000367

    Listing date Feb 3, 2026

    MLS# 202603400 Listing URL

    Copyright © 2026 Indiana Uplands Realtor® Association. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Bloomington Triplex Near Switchyard Park

    This triplex is located in the McDoel Gardens neighborhood of Bloomington, near Switchyard Park, the B-Line Trail, Hopscotch Coffee, Cardinal Spirits, and Southern Stone Restaurant. The property has a HAND rental permit allowing 3 unrelated tenants per unit. Situated on the city bus line, the property offers accessibility and tenant appeal. Each of the three units includes dedicated climate control with Mini Split HVAC systems in every bedroom and living area. The property includes a fully fenced backyard and two off-street parking spaces per unit. A new roof and gutters were installed in April 2025. Most furnishings are included with the sale. The property has been used as an Airbnb, and offers options to continue short-term rentals, switch to long-term tenants, or live in one unit while renting the others. Income potential is present during IU events like football weekends and graduation. The unfinished 1,345 sq. ft. basement provides storage or possible expansion into a fourth unit with the addition of a fire escape. The property is suited for investors looking for returns or a homeowner wanting to offset their mortgage with rental income. The lot size is 0.2 acres and the property size is 1,676 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Bloomington
    County
    Monroe
    State
    Indiana
    Longitude
    -86.538469
    Latitude
    39.15549

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    FAQs

    What type of property is this?
    Triplex - Well-maintained triplex in vibrant McDoel Gardens neighborhood.
    Where is this triplex located?
    The property is located at 1101 S Rogers St Bloomington, IN.
    What is the asking price?
    The asking price for this property is $420,000.
    What are key features of this property?
    This property features: - HAND rental permit allows 3 unrelated tenants per unit, maximizing rental income potential.; - Prime location in McDoel Gardens, steps from Switchyard Park, B-Line Trail, and popular amenities.; - Each unit has dedicated climate control with Mini Split HVAC systems in every bedroom and living area.
    (812) 961-8000
    Request Owner's contact information
    1101 S Rogers St Bloomington, IN 47403
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    Bloomington, IN 47403
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1101 S Rogers St Bloomington, IN 47403
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    We can help!
    Listing Contact
    Laura Stevens
    Real Estate License ID: RB16000367
    (812) 961-8000
    Learn more
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