Duplex with Fenced
New
For Sale
$255,000
1413 S Rogers Street, Bloomington, IN 47403
INVESTMENT, One Story, Bloomington, IN
Property Size1,498 SF
Lot Size0.16 Acres
Price / SF$170.23
Days on Market4
Property Features for 1413 S Rogers Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bedroom 3, Bedroom 2, Bathroom 1, Bedroom 4, Bathroom 2
Parking
4
Parking features
Off Street
Fencing
Fenced
Subdivision
McDoel Gardens
Lot features
Level
Elementary school
Summit
Middle school
Batchelor
High school
Bloomington South
Elementary school district
Monroe County Community School C
Middle school district
Monroe County Community School C
High school district
Monroe County Community School C
Directions
GPS friendly
Standard status
Active
APN
53-08-05-406-009.000-009
Size
1,498 SF
Lot size
0.16 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
015-23740-00 DODDS S 14' LOT 24 & N 33' LOT 25
Tax Annual Amount
1062
Legal Description
015-23740-00 DODDS S 14' LOT 24 & N 33' LOT 25
Utilities
Cooling system
Central Air
Amenities
washer/dryer
fenced yard
Building Details
Year built
1940
Floors in Building
1
Number of units
2
Flooring type
Carpet, Vinyl
Architectural style
Other
Listing Agency:
The Indiana Team LLC
(812) 961-8000
Listed By:
Laura Stevens · License #RB16000367
(812) 219-9002
Added: Oct 10
Changed: Oct 11
Last Checked: Oct 13 at 2:06AM
MLS# 202642166
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.
Investment Insights
Based on property information with market context.
Built in 1940, this 1,498-square-foot duplex contains two residences, each with two bedrooms, one full bathroom, a living room, and an eat-in kitchen. Laundry equipment is located in each unit’s second bedroom. Both residences have front and rear entrances. Interior finishes include carpet and vinyl, and central air conditioning serves the property.
The 0.16-acre parcel has off-street parking for four vehicles, accessed from the rear alley, and a fenced yard on the north side. One residence is vacant. The property is zoned Residential Multifamily (RM) and is near Switchyard Park, the B-Line Trail, shopping, dining, and schools.
The 0.16-acre parcel has off-street parking for four vehicles, accessed from the rear alley, and a fenced yard on the north side. One residence is vacant. The property is zoned Residential Multifamily (RM) and is near Switchyard Park, the B-Line Trail, shopping, dining, and schools.
Key Highlights
- Two residences, each with 2 bedrooms and 1 full bathroom
- 1,498 square feet on a 0.16‑acre parcel
- Built in 1940; zoned Residential Multifamily (RM)
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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Cap Rate, Value Estimation, Potential NOI and more
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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, an eat-in kitchen, and laundry equipment located in a 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 bathroom; 1,498 square feet on a 0.16‑acre parcel; Built in 1940; zoned Residential Multifamily (RM)
