Two-Unit Income
2708 South Rogers Street Bloomington, IN 47403
2708 South Rogers Street, Bloomington, IN, 47403
$375,000
For Sale
$375,000
Four-bedroom home offers a separate upstairs in-law suite with its own entrance and full kitchen area.
Property Size2,600 SF
Price / SF$144.23
Days on Market530
Property Features for 2708 South Rogers Street
General Information
- Standard status
- Active
- Size
- 2,600 SF
- Property subtype
- Multi Family / Other
Building Details
- Year Built
- 1899
Listing agency
Stolberg Realty Group
(812) 332-9414
Listed by
Aaron Stolberg · License #RB14042222
(812) 332-9414
Source
Compass
Added: Feb 6, 2025 Updated: Jul 20 at 4:37PM Checked: Jul 21 at 6:16AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Stolberg Realty Group
Investment Insights
Based on property information with market context.
This distinctive four-bedroom, 2.5-bath home includes an upstairs in-law suite with a separate entrance. The main floor features an open living room, dining room, and kitchen, three bedrooms, 1.5 bathrooms, and an office space/bonus room. The entire upstairs level has its own entrance and includes a large living area, kitchenette, a full bathroom, and a spacious bedroom. The second floor can also be used as part of the main residence through a common doorway, or kept locked off if desired.
An unfinished basement provides additional storage, and the home includes a yard and lots of parking. The property is within walking distance to B-Line Trail and Switchyard Park, with shopping and restaurants nearby.
The current setup supports a flexible configuration, and the home holds a 3-person occupancy permit. The seller states that discussions with HAND may make it possible to obtain a separate occupancy permit for the upstairs unit, potentially allowing two separate rental units within the same structure.
An unfinished basement provides additional storage, and the home includes a yard and lots of parking. The property is within walking distance to B-Line Trail and Switchyard Park, with shopping and restaurants nearby.
The current setup supports a flexible configuration, and the home holds a 3-person occupancy permit. The seller states that discussions with HAND may make it possible to obtain a separate occupancy permit for the upstairs unit, potentially allowing two separate rental units within the same structure.
Key Highlights
- 4‑bedroom, 2.5‑bath home built in 1899 with a separate upstairs in‑law suite that has its own entrance
- Upstairs suite includes a large living area, kitchenette, full bathroom, and spacious bedroom
- Main level features an open living room, dining room, and kitchen, plus three bedrooms, 1.5 bathrooms, and an office/bonus room
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $35.3k | $13.56 |
| − Vacancy | −$1.9k | −$0.72 |
| EGI | $33.4k | $12.84 |
| − OpEx | −$10.0k | −$3.85 |
| NOI | $23.4k | $8.99 |
2,600 SF · lease $13.56/SF/yr · vacancy 5.32% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$333.8K
$292.1K – $389.4K
NOI $23,366 @ 7.0% cap · market cap 6.23%
Second Best
Apartment 5plus
$303.2K
$265.3K – $353.7K
NOI $21,221 @ 7.0% cap · market cap 5.66%
Theoretical Best
Office A
$508.1K
$444.6K – $592.8K
NOI $35,569 @ 7.0% cap · market cap 9.49%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Four-bedroom home offers a separate upstairs in-law suite with its own entrance and full kitchen area.
Where is this duplex located?
The property is located at 2708 South Rogers Street Bloomington, IN.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: 4‑bedroom, 2.5‑bath home built in 1899 with a separate upstairs in‑law suite that has its own entrance; Upstairs suite includes a large living area, kitchenette, full bathroom, and spacious bedroom; Main level features an open living room, dining room, and kitchen, plus three bedrooms, 1.5 bathrooms, and an office/bonus room
