Duplex with Fenced
New
For Sale
$255,000
1413 S Rogers Street, Bloomington, IN 47403
Both residences have two bedrooms, a full bath, an eat-in kitchen, and laundry appliances in the second bedroom.
Property Size1,498 SF
Price / SF$170.23
Days on Market3
Property Features for 1413 S Rogers Street
General Information
Standard status
Active
Size
1,498 SF
Total Parking Spaces
4
Property subtype
Multi-Family
Zoning
RM
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Additional Details
Gross Income
$25,800
Amenities
washer/dryer units
fenced yard
Building Details
Year Built
1940
Listing Agency:
Bret Rinehart, Rinehart Real Estate
Listed By:
Carson and Lisa Lowry Real Estate
(812) 305-4663
Source:
Carsonlowryrealestate
Added: Oct 12
Changed: Oct 13
Last Checked: Oct 12 at 6:49PM
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 Bret Rinehart, Rinehart Real Estate
Investment Insights
Based on property information with market context.
This 1,498-square-foot duplex, built in 1940, contains two residences with matching layouts: two bedrooms, one full bath, a living room, and an eat-in kitchen. Washer and dryer units are located in each residence’s second bedroom. Each side has an entrance at the front and rear. One unit is vacant, and the property includes a fenced yard along its north side.
Four off-street parking spaces are accessed from the rear alley. The property is near Switchyard Park and the B-Line Trail, as well as shopping, dining, and schools. Zoning is Residential Multifamily (RM).
Four off-street parking spaces are accessed from the rear alley. The property is near Switchyard Park and the B-Line Trail, as well as shopping, dining, and schools. Zoning is Residential Multifamily (RM).
Key Highlights
- Two residences, each with 2 bedrooms and 1 full bath
- 1,498 square feet; built in 1940
- One unit is vacant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,463
Cap Rate
5.28%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$269,260
$269.3K
Cap Rate 7%
$192,329
$192.3K
Cap Rate 9%
$149,589
$149.6K
Market Conditions
NOI Build-Up for 1,498 SF
Gross rent
$20.3K $13.56/SF
− Vacancy
−$1.1K −$0.72/SF
EGI
$19.2K $12.84/SF
− OpEx
−$5.8K −$3.85/SF
NOI
$13.5K $8.99/SF
Area
Monroe County, IN
Vacancy
5.32%
Lease Rate
$13.56 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$269,260
Cap Rate 7%
$192,329
Cap Rate 9%
$149,589
Alternative Uses
Best Use
Multifamily LT 5
$192.3K
$168.3K – $224.4K
NOI $13,463 @ 7.0% cap · market cap 5.28%
Second Best
Apartment 5plus
$174.7K
$152.8K – $203.8K
NOI $12,226 @ 7.0% cap · market cap 4.79%
Theoretical Best
Office A
$292.8K
$256.2K – $341.6K
NOI $20,494 @ 7.0% cap · market cap 8.04%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
628
Businesses Nearby
Explore this area
Business Placement
Demographics for 47403, IN
33,066
Population
16,271
Households
2
Avg Household Size
35
Median Age
39%
College-Educated
93%
High-School Grad
85.0 sq mi
ZIP Area
389
Density / Sq Mi
$68,703
Median Household Income
$40,391
Median Earnings
$1,114
Median Rent
$222,000
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Duplex - Both residences have two bedrooms, a full bath, an eat-in kitchen, and laundry appliances in the second bedroom.
Where is this duplex located?
The property is located at 1413 S Rogers Street Bloomington, IN.
What is the asking price?
The asking price for this property is $255,000.
What are key features of this property?
This property features: Two residences, each with 2 bedrooms and 1 full bath; 1,498 square feet; built in 1940; One unit is vacant
