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    Owner-Occupied Duplex with Private Decks Title is generated by Realmo AI

    399 Commercial Street, Roanoke, IN 46793

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    For Sale
    $225,000

    Duplex - Roanoke, IN

    Type:Duplex
    Property size:
    1,680 SF
    Lot size:
    0.17 Acres
    Price / SF:
    $133/SF
    Added:
    Jun 4, 2026
    Days on Market:
    1
    Last Refresh:
    Jun 4 at 5:06 am

    Property Features for 399 Commercial Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Duplex
    Bedrooms
    4
    Bathrooms
    2
    Rooms
    Basement, Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Laundry
    Parking features
    Garage, Garage - Detached
    Patio and Porch features
    Porch, Deck
    EntryLevel
    Upper,Main
    Exterior features
    Basement, Off Street Parking, Closet(s) Walk-in, Countertops-laminate, Deck Covered, Eat-in Kitchen, Porch Covered, Porch Open, Water Heater Electric, None
    Basement Y/N
    1
    Appliances
    Dryer, Range
    Standard status
    Active
    APN
    35-01-14-300-040.800-007
    Size
    1,680 SF
    Lot size
    0.17 Acres

    Utilities

    Heating system
    Forced Air, Natural Gas

    Building Details

    Floors in Building
    1.5
    Number of units
    2
    Flooring type
    Carpet, Vinyl
    Architectural style
    Other

    We can help!

    Listing Contact
    Kandi Camomile
    Kandi Camomile

    Listing agent Kandi Camomile License #RB16000721

    Listing office Dream Home Designs & Realty 341 S 750 E, Largo, IN

    Listing date Jun 4, 2026

    MLS# 202621469 Listing URL

    Copyright © 2026 Upstate Alliance of REALTORS® Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Duplex with 2 units; each unit offers 2 bedrooms and 1 full bath with walk‑in shower
    • Both units have separate gas furnaces and separate electric and water meters, plus in‑unit laundry
    • Current tenants are on annual leases through August 2026 and pay their own utilities
    • Outdoor living for both units: large covered front porch and a private upper‑level deck for one unit
    • Detached 2‑car garage is reserved for owner use, plus a large off‑street parking area
    • Home has a basement; appliances included include range and dryer, with additional items staying with the property

    Overview

    This well-maintained duplex offers two separate residential units, each with 2 bedrooms and 1 full bath featuring a walk-in shower. Both units have their own heating and hot water systems, with separate gas furnaces and water heaters, along with electric and water meters. In-unit laundry is provided for each unit, and appliances are included, including ranges, refrigerators, and washer/dryers.

    Each unit also features private outdoor living space. The main level includes a large covered front porch, while the upper unit has a private upper-level deck. The main-level interior layout includes a spacious living area, an eat-in kitchen, and a laundry/pantry room, along with storage. The upper unit includes a dining area and walk-in closets, with living space that receives natural light. The property sits on a corner lot and includes a large off-street parking area.

    For buyers considering an owner-occupied setup, the detached 2-car garage is reserved for owner use, providing room for workshop space, storage, or parking. Tenants are responsible for their own utilities, and the current tenants are on annual leases through August 2026. The property is offered for sale in Roanoke, Indiana.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Roanoke
    County
    Huntington
    State
    Indiana
    Longitude
    -85.371978
    Latitude
    40.963935

    FAQs

    What type of property is this?
    Duplex - Two-unit duplex with separate utilities, in-unit laundry, and private outdoor space for each unit on a corner lot.
    Where is this duplex located?
    The property is located at 399 Commercial Street Roanoke, IN.
    What is the asking price?
    The asking price for this property is $225,000.
    What are key features of this property?
    This property features: Duplex with 2 units; each unit offers 2 bedrooms and 1 full bath with walk‑in shower; Both units have separate gas furnaces and separate electric and water meters, plus in‑unit laundry; Current tenants are on annual leases through August 2026 and pay their own utilities
    (260) 355-8577
    We can help!
    Listing Contact
    Kandi Camomile
    Kandi Camomile
    Real Estate License ID: RB16000721
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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
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